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EIN 95-4443057

New Life Economic Development

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Los Angeles
State
California
Year formed
1993
Most recent tax filings
2022-12-01
NTEE code, primary
L21: Public Housing Facilities
Description
New Life Economic Development provides affordable housing, economic development, and related services to low and moderate-income communities. The organization manages low and moderate-income multifamily housing properties in South Los Angeles and offers critical social services such as seminars on health and wellness, financial literacy training, dealing with depression, and mental illness.
Total revenues
$533,243
2022
Total expenses
$621,791
2022
Total assets
$1,161,821
2022
Num. employees
7
2022

Program areas at New Life Economic Development

New Life manages low and moderate income multifamily housing properties in south los angeles, enabling us to provide critical social services including seminars on health & wellness, financial literacy training, dealing with depression adn mental illness, bullying, elder abuse and various other community services, i.e., helping vulnerable residents apply for and obtain housing, low income transportation options and utility rate assistance, attend community luncheons and educational field trips and provide high quality affordable housing to an underserved population of several hundred low and moderate income seniors and families.

Personnel at New Life Economic Development

NameTitleCompensation
John W HeathChief Executive Officer$148,500
Quentin StrodeChief Financial Officer$0
Sheila SampsonCompliance Manager
Cassandra IversonSecretary$0
Aaron D. Iverson
...and 2 more key personnel

Financials for New Life Economic Development

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$533,243
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$533,243

Form 990s for New Life Economic Development

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-08-15990View PDF
2020-122022-08-08990View PDF
2019-122021-04-02990View PDF
2015-122019-02-19990View PDF
...and 4 more Form 990s
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 8, 2023
Updated personnel
Identified 3 new personnel
May 7, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Housing and shelter organizationsCharities
Issues
HealthHuman servicesDiseases and disordersCommunity improvementHousingEconomic development
Characteristics
Tax deductible donations
General information
Address
4859 W Slauson Ave 384
Los Angeles, CA 90056
Metro area
Los Angeles-Long Beach-Anaheim, CA
Website URL
newlifeedc.org/ 
Phone
(323) 778-5433
IRS details
EIN
95-4443057
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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