Overview
What is New Life Estates Ltd?
New Life Estates Ltd is a nonprofit organization situated in Forest City, Iowa, dedicated to offering affordable housing solutions. The organization primarily serves the elderly, disabled individuals, and families, ensuring their rent is set at an affordable 30% of their income. USDA/Rural Development extends further support by subsidizing the remaining amount, thereby enabling 12 families to secure safe and economical homes. New Life Estates' mission is to contribute to the well-being of its community members by addressing their housing needs effectively.
Is New Life Estates Ltd legitimate?
New Life Estates Ltd is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Life Estates Ltd submitted a form 990EZ, 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.
What is the mission statement of New Life Estates Ltd?
New Life Estates Ltd, as an organization, is dedicated to offering affordable housing solutions for the elderly, disabled, and families. They achieve this by setting rent at 30% of an individual's income, with the remaining balance being subsidized by USDA/Rural Development. This initiative has successfully provided safe and affordable housing for 12 families. The primary focus of New Life Estates Ltd is to ensure that these vulnerable groups have access to adequate housing, thereby improving their living conditions.
Who is the CEO of New Life Estates Ltd?
Beth Bilyeu is the President of New Life Estates Ltd.
What is the revenue of New Life Estates Ltd?
New Life Estates Ltd's revenue in 2022 was $70,769.
Who are the executives of New Life Estates Ltd and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for New Life Estates Ltd?
New Life Estates Ltd's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of New Life Estates Ltd
New Life Estates Ltd is a nonprofit organization that dedicates its efforts to providing affordable housing solutions for the elderly, disabled, and families. The mission of this establishment is to make housing accessible and within reach for these groups, setting rent prices at a manageable 30% of the applicant's income. This affordable housing is made possible through USDA/Rural Development subsidies, enabling 12 families in Forest City, Iowa to secure safe and affordable accommodations.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
New Life Estates Ltd significantly impacts the community by ensuring safe and affordable housing for the elderly, disabled, and families in Forest City, Iowa. By implementing a rent structure based on just 30% of an applicant's income, the organization enables low-income households to access quality housing without financial strain. With support from USDA/Rural Development, New Life Estates has successfully assisted 12 families in securing homes, transforming their living conditions and enhancing their overall well-being. This initiative not only stabilizes housing but also contributes to the community by fostering a supportive environment where vulnerable populations can thrive.
This information is meant to be a general summary of New Life Estates Ltd. 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: $5
- Program Service Revenue: $69,185
- Gross Receipts: $70,769
Assets and Liabilities:
- Total Assets: $130,278
- Total Liabilities: $54,007
- Net Assets: $76,271
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(515) 295-2927Principal Officer
Beth Bilyeu
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22 - Housing
If you are a representative of New Life Estates Ltd and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.