New Opportunities For Living
- Assets
- $374.8k
- Revenue
- $92.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 12/1994
- Data as of
- 06/2021
- EIN
- 95-4253162
Organization Overview
New Opportunities For Living is located in Sherman Oaks, CA. The organization was established in 1994. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Opportunities For Living 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 06/2021, New Opportunities For Living generated $92.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $101.5k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 4A
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW OPPORTUNITIES FOR LIVING (NOFL) WAS ESTABLISHED TO PROVIDE COMMUNITY BASED HOUSING FACILITIES TO YOUNG ADULTS AND ADULTS WITH DEVELOPMENTAL DISABILITIES. NOFL OWNS TWO SINGLE-FAMILY RESIDENCES IN SAN FERNANDO TO ACCOMMODATE SIX CLIENTS IN EACH FACILITY.THE ORGANIZATION WAS DEVELOPED AS A RESULT OF HAVING BEEN AWARDED A HUD 202 GRANT. GRANT FUNDS WERE RECEIVED DURING FISCAL YEARS 1995 AND 1996 AND WERE UTILIZED TO REHABILITATE THE PROPERTIES AS REQUIRED BY HUD AND LICENSING AGENCIES. DURING FISCAL YEAR 2020/2021, A TOTAL OF 11 CLIENTS RESIDED IN THESE GROUP HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Firestone PHD President & CEO | OfficerTrustee | 1 | $0 |
Meyer Berk Vice President | OfficerTrustee | 1 | $0 |
Gerald Rosenblatt Secretary/treas | OfficerTrustee | 1 | $0 |
Gary H Carmona Chairman | OfficerTrustee | 1 | $0 |
David Firestone DDS Director | Trustee | 1 | $0 |
Jack Herschorn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,656 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $92,661 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,432 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,472 |
| Insurance | $2,570 |
| All other expenses | $0 |
| Total functional expenses | $101,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $780 |
| 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 | $0 |
| Net Land, buildings, and equipment | $330,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,977 |
| Total assets | $374,784 |
| Accounts payable and accrued expenses | $29,394 |
| 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 | $452,715 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $272,221 |
| Total liabilities | $754,330 |
| Net assets without donor restrictions | -$379,546 |
| Net assets with donor restrictions | $0 |
| 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 | $374,784 |
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