Overview
What is New Life Community Development Corp?
New Life Community Development Corp, situated in Elmhurst, New York, is a nonprofit organization with a mission to extend aid, foster restoration, and set an example of reinvestment among the underprivileged and marginalized communities. Established in 2021, their program titled "Thankful for Families" has offered financial assistance to 81 low-income families struggling with the impacts of the COVID-19 pandemic and Hurricane Ida. This aid, in the form of $250 gift cards, has helped families combat food and housing insecurities and cover other essential expenses, totaling $21,000. Their workforce consists of 8 dedicated individuals, contributing to their mission in Elmhurst and Corona.
Official website here: www.newlifecdc.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
New Life Community Development Corp has achieved an impressive 97% rating from Charity Navigator, which reflects its exceptional performance in accountability and finance. The organization received perfect scores across multiple metrics, indicating strong governance practices and a commitment to transparency. Notably, it has 100% independent board members, demonstrating a solid foundation of oversight and ethical standards.
The nonprofit's financial management is also commendable, with a program expense ratio of 80%, meaning that a significant portion of its expenditures directly supports its programs. Additionally, the organization has no reported material diversion of assets, reinforcing its integrity and financial responsibility. It maintains important policies, such as a conflict of interest policy and a whistleblower policy, which contribute to its overall accountability.
However, while the strong performance in accountability and finance is highlighted, potential donors and supporters may wish to review the organization's program outcomes and impact metrics, which are not specified in the rating. Overall, New Life Community Development Corp demonstrates a high level of financial stewardship, making it a trustworthy option for those looking to support community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is New Life Community Development Corp legitimate?
New Life Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Community Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $102,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,611
For more financial information, click here
Official website here: www.newlifecdc.us
What is the mission statement of New Life Community Development Corp?
New Life Community Development Corp's mission is centered around providing relief, fostering restoration, and serving as a model for reinvestment among the underprivileged and marginalized individuals. This organization operates with a strong belief in demonstrating the love of God, and their mission is carried out in places such as Elmhurst and Corona. In response to the ongoing challenges posed by the COVID-19 pandemic and Hurricane Ida, their Thankful for Families program was initiated in 2021 and continued in 2022. This program aims to provide financial support in the form of $250 gift cards to 81 low-income families, totaling $21,000, helping them combat food and housing insecurities and cover other pressing expenses.
Official website here: www.newlifecdc.us
Who is the CEO of New Life Community Development Corp?
Unavailable
Official website here: www.newlifecdc.us
What is the revenue of New Life Community Development Corp?
New Life Community Development Corp's revenue in 2022 was $456,691.
Official website here: www.newlifecdc.us
Who are the executives of New Life Community Development Corp and what are their salaries?
The average compensation at New Life Community Development Corp during 2022 was $33,578. There are 8 employees and 140 volunteers at New Life Community Development Corp.
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- Compensation: $90,000
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- Other: $12,012
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Official website here: www.newlifecdc.us
Where can I find the form 990 for New Life Community Development Corp?
New Life Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newlifecdc.us
Learn more at the official website: www.newlifecdc.us
Mission Statement of New Life Community Development Corp
New Life Community Development Corp, a nonprofit organization, is dedicated to providing relief, fostering restoration, and serving as a model for reinvestment among the impoverished and marginalized individuals in their community. This mission is a demonstration of their belief in the love of God. Through their initiative titled 'Thankful for Families,' they have extended financial aid to 81 local families who have been grappling with the ongoing challenges of the COVID-19 pandemic and the aftermath of Hurricane Ida. This assistance, in the form of $250 gift cards, has helped these families combat food and housing insecurity, and cover other essential expenses. The work of New Life Community Development Corp is a testament to their commitment to uplifting those in need and creating a sustainable impact in their community.
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Impact
July, 2024
New Life Community Development Corp's impact can be seen in the lives of the 81 families in Elmhurst who received financial support through the Thankful for Families program. These families, facing ongoing hardships from the COVID-19 pandemic and Hurricane Ida, were able to access $21,000 in unrestricted funds through $250 gift cards. This assistance helped them address food and housing insecurity, as well as cover other critical expenses. By providing relief and support to these marginalized communities, New Life Community Development Corp is demonstrating the love of God and fostering restoration among those in need.
This information is meant to be a general summary of New Life Community Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $183
- Gross Receipts: $456,691
Assets and Liabilities:
- Total Assets: $789,639
- Total Liabilities: $17,853
- Net Assets: $771,786
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Organization Details
Founding Year
1993
Phone
(929) 279-3853Main Address
82-10 Queens Blvd, Elmhurst, NY, 11373
Website
www.newlifecdc.usNTEE Category
Code: Z99Z - Unknown
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