New Life Estates INC: FY2021 Nonprofit Profile & Form 990 (EIN 20-0733325)

Revenue by fiscal year
FY2021	$105K
FY2022	$107K
FY2023	$108K
FY2024	$109K
FY2025	$118K

Expenses by fiscal year
FY2021	$144K
FY2022	$144K
FY2023	$152K
FY2024	$165K
FY2025	$167K

Net assets by fiscal year
FY2021	$1.3M
FY2022	$1.3M
FY2023	$1.2M
FY2024	$1.2M
FY2025	$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $144K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Scott Martin

President

$0Pt VII · Sec A

Karen Cammuso

Vice President

$0Pt VII · Sec A

Karl Provost

Director

$0Pt VII · Sec A

Peter Baziotis

Director

$0Pt VII · Sec A

Peter Quattromani

Director

$0Pt VII · Sec A

Stacey Johnson

Secretary

$0Pt VII · Sec A

Joseph Dipina

Treasurer

$0Pt VII · Sec A

Jeffrey Kasle

Director

$0Pt VII · Sec A

See New Life Estates INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides supportive housing for disabled individuals using federal programs.

Questions for New Life Estates INC

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1 program · $144K · in their own filed words · FY2020

01

8 unit apartment building for the handicap and located in cranston, ri

$144Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2025 · $1.6M federal money spent

Section 811 Capital AdvanceDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.2M

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through RI Housing$341K

The auditor reported no findings.

Year ending Jun 2024 · $1.6M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.2M

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Rihousing$341K

The auditor reported no findings.

Year ending Jun 2023 · $1.6M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.2M

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Rihousing$341K

The auditor reported 1 finding.

Year ending Jun 2022 · $1.6M federal money spent

Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$1.2M

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Rihousing$341K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$105K

Ln 12

Fees for servicesLn 2g$104K

Other incomeLn 4–11$85

Investment incomeLn 3$38

Money outPt IX

$144K

Ln 25

Programscol B$144K

Owns and owesPt X

$1.3M

net assets · Ln 32

Cash and savingsLn 1–2$15K

Total assetsLn 16$1.3M

LiabilitiesLn 26$21K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$104K

Investment incomeLn 3$38

Other incomeLn 4–11$85

Total revenueLn 12$105K

Assets in detailPt X, end of year

CashLn 1$13K

SavingsLn 2$2K

Cash and savings togetherLn 1–2$15K

Land, buildings, equipmentLn 10c$1.2M

Other assetsLn 15$80K

Total assetsLn 16$1.3M

LiabilitiesLn 26$21K

Net assetsLn 32$1.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 611

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$10K	$15K
Land, buildings, equipmentLn 10c	$1.3M	$1.2M
Total assetsLn 16	$1.4M	$1.3M
LiabilitiesLn 26	$14K	$21K
Net assetsLn 32	$1.3M	$1.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$7K	$7K
Accounting feesLn 11c	$8K	$8K
Advertising and promotionLn 12	$131	$131
Office expensesLn 13	$1K	$1K
Depreciation, depletion and amortizationLn 22	$41K	$41K
InsuranceLn 23	$8K	$8K
Other expenses (24a–d)Ln 24	$75K	$75K
All other expensesLn 24e	$4K	$4K
Total functional expensesLn 25	$144K	$144K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Oct 3, 2025	$118K	$167K	−$49K	$1.1M	990 PDF
FY2024Filed with the IRS Jul 24, 2024	$109K	$165K	−$56K	$1.2M	990 PDF
FY2023Filed with the IRS Aug 7, 2023	$108K	$152K	−$43K	$1.2M	990 PDF
FY2022Filed with the IRS Aug 5, 2022	$107K	$144K	−$37K	$1.3M	990 PDF
FY2021 ViewingFiled with the IRS Aug 13, 2021	$105K	$144K	−$39K	$1.3M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $104,571 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $104,448$104,448

I-10 Investment incomePrior year $38$38

I-11 Other revenuePrior year $0$85

I-12 Total revenuePrior year $104,486$104,571

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $141,318$144,047

I-18 Total expensesPrior year $141,318$144,047

I-19 Revenue less expensesPrior year −$36,832−$39,476

Part VI · Governance 8 of 8 board members independent, 3 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $104,571 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $104,448$104,448

VIII-3 Investment incomeExcluded from tax $38$38

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $85$85

VIII-12 Total revenueRelated to mission $104,533 · Unrelated business $0 · Excluded from tax $38$104,571

Part IX · Statement of functional expenses $144,047 across 8 lines filed

IX-11a Management feesPrograms $7,071$7,071

IX-11c Accounting feesPrograms $7,500$7,500

IX-12 Advertising and promotionPrograms $131$131

IX-13 Office expensesPrograms $1,435$1,435

IX-22 Depreciation, depletion and amortizationPrograms $40,831$40,831

IX-23 InsurancePrograms $8,010$8,010

IX-24 Other expenses (24a–d)Programs $74,932$74,932

IX-24e All other expensesPrograms $4,137$4,137

IX-25 Total functional expensesPrograms $144,047 · Management $0 · Fundraising $0$144,047

Part X · Balance sheet $1,323,799 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $7,435$12,997

X-2 Savings and temporary cash investmentsStart of year $2,117$2,119

X-9 Prepaid expenses and deferred chargesStart of year $5,708$7,352

X-10c Land, buildings and equipment, netStart of year $1,262,225$1,221,394

X-15 Other assetsStart of year $79,055$79,937

X-16 Total assetsStart of year $1,356,540$1,323,799

X-17 Accounts payable and accrued expensesStart of year $12,005$18,738

X-25 Other liabilitiesStart of year $2,117$2,119

X-26 Total liabilitiesStart of year $14,122$20,857

X-27 Net assets without donor restrictionsStart of year $1,342,418$1,302,942

X-32 Total net assets or fund balancesStart of year $1,342,418$1,302,942

X-33 Total liabilities and net assetsStart of year $1,356,540$1,323,799

Part XI · Reconciliation of net assets $1,302,942 net assets at year end

XI-1 Total revenue$104,571

XI-2 Total expenses$144,047

XI-3 Revenue less expenses−$39,476

XI-4 Net assets at start of year$1,342,418

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,302,942

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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New Life Estates INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for New Life Estates INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV