Overview
What is New Life Properties Inc?
New Life Properties Inc, based in Cincinnati, Ohio, is a nonprofit organization that holds the title to real and personal property. This property is leased to Lighthouse Youth Services, Inc., an exempt organization, and New Life Properties Inc also serves as the direct controlling entity for various qualified low-income community business properties. The organization's mission is to empower young people and families to succeed by providing a continuum of care that fosters healing and growth. This continuum of care aims to support individuals and families in overcoming challenges and achieving their goals. New Life Properties Inc operates with the vision to make a positive impact in the community.
Is New Life Properties Inc legitimate?
New Life Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Properties Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New Life Properties Inc?
New Life Properties Inc's mission is centered around empowering young people and families, encouraging their success through a comprehensive approach that fosters healing and growth. This continuum of care serves as the organization's primary focus, aiming to make a positive impact on the lives of those it serves. The organization leases its real and personal property to Lighthouse Youth Services, an exempt organization, and also acts as the direct controlling entity for various low-income community business properties.
Who is the CEO of New Life Properties Inc?
Paul Haffner is the President / Ceo of New Life Properties Inc. The CEO's salary of New Life Properties Inc is $0 and their total compensation is $283,358.
What is the revenue of New Life Properties Inc?
New Life Properties Inc's revenue in 2023 was $1,005,965.
Who are the executives of New Life Properties Inc and what are their salaries?
There 13 volunteers at New Life Properties Inc.
Here are 17 key members and their salaries (New Life Properties Inc's CEO's salary is $0 and their total compensation is $283,358):
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- Related: $245,770
- Other: $37,588
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- Related: $155,384
- Other: $18,631
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- Related: $148,409
- Other: $17,657
Where can I find the form 990 for New Life Properties Inc?
New Life Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Life Properties Inc
New Life Properties Inc, as a nonprofit organization, is committed to empowering young people and families to succeed. They achieve this through a continuum of care that fosters healing and growth. This mission is centered around leasing their real and personal property to Lighthouse Youth Services, Inc., a nonprofit organization that works under their direct control. Additionally, New Life Properties Inc manages various qualified active low-income community business properties. Their purpose is to provide a supportive environment that enables young people and families to overcome challenges and thrive, ultimately promoting their overall well-being and success.
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Impact
October, 2024
New Life Properties Inc has a significant impact on the community by empowering young people and families to succeed through a comprehensive continuum of care. The organization focuses on facilitating healing and growth, ensuring that individuals have the support and resources necessary to thrive. By holding titles to real and personal property, New Life Properties Inc plays a critical role in providing essential facilities that are leased to Lighthouse Youth Services, Inc., thereby enhancing the services offered to vulnerable populations.
Moreover, as the controlling entity for various qualified active low-income community business properties, New Life Properties Inc contributes to economic development and stability within Cincinnati, Ohio. This strategic involvement not only supports youth development initiatives but also fosters a supportive environment for families, promoting overall community well-being. Through these efforts, New Life Properties Inc helps create pathways for success and resilience among young people and families facing challenges.
This information is meant to be a general summary of New Life Properties Inc. 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 2023.
- Investment Income: $12,330
- Program Service Revenue: $903,526
- Gross Receipts: $1,005,965
Assets and Liabilities:
- Total Assets: $13,245,168
- Total Liabilities: $574,776
- Net Assets: $12,670,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$903,526
Organization Details
Founding Year
1978
Phone
(513) 487-7106Principal Officer
Paul Haffner
Main Address
401 E MCMILLAN STREET, CINCINNATI, OH, 45206
NTEE Category
Code: O11 - Youth development
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