Nova Vida INC EIN 38-2783238 Form 990 (PDF) Claim this org

Nova Vida INC FY2020 filing

Not yet claimed Claim this org →

Offers adult foster care for individuals with mental handicaps. For fiscal year 2020 it reported $804K in revenue, $908K in expenses, and $-41K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Charlotte, MI
Filings
5 on file (2020–2020)
Revenue
$804KFY2020
Expenses
$908K
Net assets
$-41K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-2783238 Public charity (501(c)(3)) Charlotte, MI
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Nova Vida INC claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Offers adult foster care for individuals with mental handicaps.
Leadership
Harry C Gross · President · $100K
Money in and out
$804K revenue, $908K expenses
Bottom line
92% program efficiency
Where the money goes · FY2020
Total revenue
$804K
Pt VIII · Ln 12
Total expenses
$908K
Pt IX · Ln 25
Net assets
$-41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$104K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
1.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$804K
FY2020
Expenses
$908K
FY2020
Total assets
$163K
FY2020
Total liabilities
$204K
FY2020
Total revenue
$804K
Pt VIII · Ln 12
Total expenses
$908K
Pt IX · Ln 25
Net assets
$-41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$104K
Total assetsPt X · Ln 16$163K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNova Vida INC
EINHdr · item D38-2783238
Principal addressHdr · item CCharlotte, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$99,906Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Harry C Gross$73,857$91,999$74,427$80,147$99,906

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Nova Vida INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $833K of program spending, described in the organization's own filed words · FY2019.
01

Provide adult foster care for mentally handicapped individuals in two homes (four to six beds for residents available in each home) on a live-in basis.

$833Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$718K · 89%
Program service revenue$86K · 11%
Contributions & grants89%$718K
Program service revenue11%$86K
Total revenueLn 12$804K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$833K
Management & general8%$75K
Total functional expensesLn 25$908K

Balance Sheet

Part X · end of year
CashLn 1$80K
Total assetsLn 16$163K
Total liabilitiesLn 26$204K
Total net assetsLn 32$-41K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $80K · Operating expenses/yr $908K
1.1 months
Where the money goes
Program services
Program services $833K · Total expenses $908K
92%
Management & General
Management & general $75K · Total expenses $908K
8%
Fundraising
Fundraising $0 · Total expenses $908K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $718K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $718K · Total revenue $804K
89%
Government reliance
Government grants — · Total revenue $804K
Earned-income share
Program service revenue $86K · Total revenue $804K
11%
Investment reliance
Investment income $0 · Total revenue $804K
0%
Program self-sufficiency
Program service revenue $86K · Total expenses $908K
9%
Growth & trend
Revenue growth (YoY)
This year $804K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $804K · Expenses $908K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $163K
Net-asset ratio
Net assets $-41K · Total assets $163K
-25%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $163K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Harry C Gross · Reported title PRESIDENT · Highest reported compensation $100K · Total expenses $908K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $644K · Total expenses $908K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like Nova Vida INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$932K revenue · ⤓ 990 PDF
FY2021$927K revenue · ⤓ 990 PDF
FY2020$804K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.