New Life Village Inc
- Assets
- $7.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Tampa, FL
- Founding
- 06/2009
- Data as of
- 08/2023
- EIN
- 94-3454171
Organization Overview
New Life Village Inc is located in Tampa, FL. The organization was established in 2009. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, New Life Village Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, New Life Village Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.2m during the year ending 08/2023. While expenses have increased by 15.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW LIFE VILLAGE PROVIDES A RESIDENTIAL COMMUNITY WHERE FAMILIES SEEKING PERMANENCY FOR CHILDREN IMPACTED BY FOSTER CARE OR TRAUMA CAN SEEK HEALING IN A SAFE AND STABLE INTERGENERATIONAL VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NLV PROVIDES AN AFFORDABLE HOUSING PROGRAM FOR 49 HOUSEHOLDS. APPROXIMATELY 95% OF NLV RESIDENTS ARE BELOW 80% OF THE AREA MEDIUM INCOME MEANING THEY ARE LOW INCOME. BY PROVIDING AFFORDABLE AND ATTAINABLE HOUSING FOR OUR RESIDENTS, CAREGIVERS ARE ABLE TO SAVE FOR HOMEOWNERSHIP, REPAIR CREDIT, AND INVEST IN RAISING THE TRAUMA IMPACTED YOUTH IN THEIR CARE. NLV RENTS ARE NEARLY 1,000/MONTH UNDER MARKET RATES FOR COMPARABLE RENTALS IN THE TAMPA AREA. AFFORDABLE 3 & 4 BEDROOM RENTALS ARE VERY RARE IN THE TAMPA AREA AND ALMOST ALWAYS HAVE SIGNIFICANT WAITING LISTS. OFTEN CAREGIVERS ARE IN NEED OF LARGE BEDROOM UNITS TO CARE FOR SIBLINGS GROUPS IN FOSTER CARE. IN 2023, THE VILLAGE OPENED 16 TOWNHOMES OFFERING AFFORDABLE 3 & 4-BEDROOM UNITS FOR THIS EXACT REASON.
NLV'S TRAUMA INFORMED WELLNESS, RESILIENCE AND CHARACTER DEVELOPMENT PROGRAM SERVES APPROX 170 RESIDENTS, 113 BEING CHILDREN AND THE REST CAREGIVERS OR SERVING SENIORS. THE PROGRAM IS DESIGNED FOR CHILDREN FORMERLY IN FOSTER CARE AND/OR AFFECTED BY TRAUMA. THEIR FOSTER/ADOPTIVE/ KINSHIP FAMILIES NOW PROVIDE THEM WITH PERMANENCY. ALSO, ELDERS SEEKING MEANING AND PURPOSE IN RETIREMENT SERVE AS SURROGATE GRANDPARENTS,TUTORS, AND MENTORS TO THE CHILDREN IN THE VILLAGE. NLV'S COMMUNITY-DRIVEN INTEGRATED ONSITE SERVICES IMPROVE HEALTH AND WELLBEING BY PROVIDING WRAP AROUND SERVICES INCLUDING FAMILY SUPPORT PLAN-ORIENTED CASE MANAGEMENT, SERVICE NAVIGATION AND REFERRALS, COMMUNITY EVENTS TO HELP CHILDREN HEAL, CAREGIVERS TO REALIZE RESOURCES TO PROMOTE (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariah Hayden Executive Di | Officer | 40 | $99,692 |
Heather Cazzola Director | Trustee | 2 | $0 |
Frank Cornier Director | Trustee | 2 | $0 |
Michael Perotti Director | Trustee | 2 | $0 |
Jamie Tucker Director | Trustee | 2 | $0 |
Silvana Capaldi Vice Chair | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,645 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $611,505 |
| Total Program Service Revenue | $425,527 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,070,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,692 |
| Compensation of current officers, directors, key employees. | $4,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,870 |
| Payroll taxes | $31,443 |
| Fees for services: Management | $27,333 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $53,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,310 |
| Advertising and promotion | $16,063 |
| Office expenses | $57,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,855 |
| Travel | $3,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,732 |
| Interest | $47,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,990 |
| Insurance | $30,933 |
| All other expenses | $0 |
| Total functional expenses | $1,212,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,990 |
| Savings and temporary cash investments | $582 |
| Pledges and grants receivable | $232,945 |
| Accounts receivable, net | $3,096 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,752 |
| Net Land, buildings, and equipment | $7,012,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,796 |
| Total assets | $7,493,966 |
| Accounts payable and accrued expenses | $57,385 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $331,095 |
| Other liabilities | $1,852,364 |
| Total liabilities | $2,240,844 |
| Net assets without donor restrictions | $5,101,012 |
| Net assets with donor restrictions | $152,110 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,493,966 |