Overview
What is New Life Israel Inc?
New Life Israel Inc is a nonprofit organization established on September 25, 2013, based in Washington, D.C. Its primary function involves managing property for the charitable purposes of Israel Manor, Inc. This entails collecting income derived from the property and distributing the net earnings, after accounting for expenses, to Israel Manor, Inc. The organization operates under Section 501 (c) (2) of the Internal Revenue Code, which categorizes it as a charitable trust or community chest, fund, or foundation. Currently, New Life Israel Inc employs only one individual.
Is New Life Israel Inc legitimate?
New Life Israel Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. New Life Israel 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New Life Israel Inc?
New Life Israel Inc., established in 2013, is primarily focused on managing property for charitable purposes. In accordance with Section 501 (c) (2) of the Internal Revenue Code, the organization collects income from the property and subsequently transfers the majority of the funds, after deducting expenses, to Israel Manor Inc. This arrangement is carried out with the intent of supporting charitable activities, without specifying the nature of these activities in detail.
What is the revenue of New Life Israel Inc?
New Life Israel Inc's revenue in 2023 was $888,586.
Who are the executives of New Life Israel Inc and what are their salaries?
There are 19 employees at New Life Israel Inc.
Here are 3 key members and their salaries:
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Where can I find the form 990 for New Life Israel Inc?
New Life Israel Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Life Israel Inc
New Life Israel, as an organization, was established on September 25, 2013, with a specific purpose. It operates under Section 501 (c) (2) of the Internal Revenue Code, which is dedicated to charitable activities. The primary mission of New Life Israel is to manage property for the benevolent aims of Israel Manor, Inc. This role involves collecting income derived from the property and distributing the net earnings, after deducting expenses, to Israel Manor, Inc. This mission aligns with the non-profit status of New Life Israel, contributing to charitable causes in a unique and direct manner.
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Impact
October, 2024
New Life Israel Inc plays a significant role in supporting the charitable activities of Israel Manor, Inc. By managing and holding property, the organization ensures a steady stream of income that directly benefits Israel Manor's mission. This structured financial support enables Israel Manor to focus on its initiatives, ultimately enhancing its services and outreach within the community. Through responsible property management and income collection, New Life Israel Inc contributes to the stability and growth of charitable programs, fostering a positive impact on those they serve. The organization’s commitment to efficient resource allocation underscores its role in promoting community welfare and mutual benefit.
This information is meant to be a general summary of New Life Israel 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: $21,020
- Gross Receipts: $888,586
Assets and Liabilities:
- Total Assets: $14,340,188
- Total Liabilities: $7,070,717
- Net Assets: $7,269,471
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Organization Details
Founding Year
2013
Principal Officer
Veronica Harrison
NTEE Category
Code: Y11 - Mutual benefit
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