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Nlh 5 FY2023 filing

Tax-deductible

Farmington, NM501(c)(3)Since 2005HousingEIN 81-0661288Revenue $112K in FY2023

On file with the IRSnewlifehomesnm.com1816 E Mojave St, 87401-7425 · Farmington, NMTax-exempt since Feb 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Establish, maintain, and operate a program to provide affordable housing for the disabled, indigent and underpriveleged.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $38K a year · 32% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
148% of total assets
Concern: liabilities are 148% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$112K
-7% vs prior year
Spent
$144K
To programs
89%
Net assets
−$468K
By yearFY2021–FY2025
Revenue
$112K
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$122K
FY2022$120K
FY2023$112K
FY2024$119K
FY2025$131K
Expenses
$144K
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2021$147K
FY2022$164K
FY2023$144K
FY2024$159K
FY2025$181K
Net assets
−$468K
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021−$391K
FY2022−$435K
FY2023−$468K
FY2024−$488K
FY2025−$520K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2005.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $128K Management & general 11% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
John Bloomfield
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Will Reardon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Van Gulick
President/Treasurer
$0Pt VII · Sec A
Patricia Ray
Secretary
$0Pt VII · Sec A
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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 affordable housing for disabled, indigent, and underprivileged individuals.

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Provided by the organization

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1 program · $128K · in their own filed words · FY2022
01

Housing project occupied by very low income and disabled persons and in compliance with regulatory agreement

$128Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$112K
Ln 12
Fees for servicesLn 2g$112K
Investment incomeLn 3$18
Money outPt IX
$144K
Ln 25
Programscol B$128K
Managementcol C$16K
Owns and owesPt X
−$468K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$977K
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$112K
Investment incomeLn 3$18
Total revenueLn 12$112K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$918K
Other assetsLn 15$53K
Total assetsLn 16$977K
LiabilitiesLn 26$1.4M
Net assetsLn 32−$468K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9K$2K
Land, buildings, equipmentLn 10c$948K$918K
Total assetsLn 16$1.0M$977K
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32−$435K−$468K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$20K$20K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$10K$10K
Legal feesLn 11b$182$182
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$101$101
Office expensesLn 13$4K$4K
OccupancyLn 16$47K$47K
TravelLn 17$166$166
Conferences, conventions and meetingsLn 19$641$641
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$15K$15K
All other expensesLn 24e$738$738
Total functional expensesLn 25$144K$128K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $131K$181K−$50K−$520K 990 PDF
FY2024 $119K$159K−$40K−$488K 990 PDF
FY2023 Viewing $112K$144K−$33K−$468K 990 PDF
FY2022 $120K$164K−$45K−$435K 990 PDF
FY2021 $122K$147K−$25K−$391K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $111,568 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $119,668$111,550
I-10 Investment incomePrior year $5$18
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $119,673$111,568
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 $34,285$24,143
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $129,909$120,243
I-18 Total expensesPrior year $164,194$144,386
I-19 Revenue less expensesPrior year −$44,521−$32,818
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $111,568 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,550$111,550
VIII-3 Investment incomeRelated to mission $18$18
VIII-12 Total revenueRelated to mission $111,568 · Unrelated business $0 · Excluded from tax $0$111,568
Part IX · Statement of functional expenses $144,386 across 15 lines filed
IX-7 Other salaries and wagesPrograms $19,915$19,915
IX-9 Other employee benefitsPrograms $1,468$1,468
IX-10 Payroll taxesPrograms $2,760$2,760
IX-11a Management feesManagement $9,734$9,734
IX-11b Legal feesPrograms $182$182
IX-11c Accounting feesManagement $5,512$5,512
IX-12 Advertising and promotionPrograms $101$101
IX-13 Office expensesPrograms $4,310$4,310
IX-16 OccupancyPrograms $46,675$46,675
IX-17 TravelPrograms $166$166
IX-19 Conferences, conventions and meetingsManagement $641$641
IX-22 Depreciation, depletion and amortizationPrograms $30,139$30,139
IX-23 InsurancePrograms $7,461$7,461
IX-24 Other expenses (24a–d)Programs $14,584$14,584
IX-24e All other expensesPrograms $738$738
IX-25 Total functional expensesPrograms $128,499 · Management $15,887 · Fundraising $0$144,386
Part X · Balance sheet $976,844 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,566$2,435
X-4 Accounts receivableStart of year $7,780$3,108
X-10c Land, buildings and equipment, netStart of year $948,343$918,204
X-15 Other assetsStart of year $51,756$53,097
X-16 Total assetsStart of year $1,016,445$976,844
X-17 Accounts payable and accrued expensesStart of year $14,923$9,009
X-19 Deferred revenueStart of year $3,036$2,686
X-25 Other liabilitiesStart of year $1,433,688$1,433,169
X-26 Total liabilitiesStart of year $1,451,647$1,444,864
X-27 Net assets without donor restrictionsStart of year −$435,202−$468,020
X-32 Total net assets or fund balancesStart of year −$435,202−$468,020
X-33 Total liabilities and net assetsStart of year $1,016,445$976,844
Part XI · Reconciliation of net assets −$468,020 net assets at year end
XI-1 Total revenue$111,568
XI-2 Total expenses$144,386
XI-3 Revenue less expenses−$32,818
XI-4 Net assets at start of year−$435,202
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$468,020

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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