Overview
What is New Life Holding Corporation?
New Life Holding Corporation is a specialized entity primarily tasked with managing real estate properties. Established with the primary objective of holding property titles, this organization generates income from these assets and subsequently transfers the majority of the earnings to its parent organization, New Life Association, Inc. By performing this role, New Life Holding Corporation effectively contributes to the overall mission and goals of its affiliated entity.
Is New Life Holding Corporation legitimate?
New Life Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. New Life Holding Corporation 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 Holding Corporation?
New Life Holding Corporation, functioning as a holding corporation, is primarily tasked with maintaining ownership of real estate property. Its primary objective is to generate income from these properties and subsequently transfer the majority of the earnings to its parent organization, New Life Association, Inc., after deducting operational expenses. The corporation's role is essentially to manage property titles and distribute the resulting income to its affiliated entity.
Who is the CEO of New Life Holding Corporation?
Jamie Wommack is the President of New Life Holding Corporation.
What is the revenue of New Life Holding Corporation?
New Life Holding Corporation's revenue in 2022 was $10,327.
Who are the executives of New Life Holding Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $148,340
- Other: $0
- Compensation: $0
- Related: $41,329
- Other: $6,277
- Compensation: $0
- Related: $114,538
- Other: $7,342
- Compensation: $0
- Related: $92,686
- Other: $8,412
Where can I find the form 990 for New Life Holding Corporation?
New Life Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Life Holding Corporation
New Life Holding Corporation, as a holding corporation, is primarily tasked with maintaining ownership of real estate properties. Its primary objective is to generate income from these properties and then redistribute the net earnings to its parent organization, New Life Association, Inc. The corporation is structured and operated with this specific purpose in mind, ensuring that the title to the property remains in its possession while generating income that ultimately benefits its associated entity.
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Impact
October, 2024
New Life Holding Corporation plays a pivotal role in supporting its parent organization, New Life Association, Inc., by managing and holding title to real estate properties. By collecting income generated from these properties, New Life Holding Corporation ensures that financial resources are directed toward the mission of its parent organization. This structure allows for the efficient management of assets, providing a steady stream of income that can be reinvested into various initiatives and services offered by New Life Association. The impact of New Life Holding Corporation can be seen in its ability to sustain and amplify the efforts of New Life Association, ultimately enhancing the community and contributing to its religious and charitable objectives. Its operations in Woodland Park, Colorado, further solidify its commitment to serving the local community through strategic asset management and support for charitable causes.
This information is meant to be a general summary of New Life Holding Corporation. 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.
- Program Service Revenue: $10,327
- Gross Receipts: $10,327
Assets and Liabilities:
- Total Assets: $109,544,620
- Total Liabilities: $1,893,874
- Net Assets: $107,650,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$10,327
Organization Details
Founding Year
2016
Phone
(719) 635-2111Principal Officer
Jamie Wommack
Main Address
1 Innovation Way, Woodland Park, CO, 80863
NTEE Category
Code: X11 - Religion related
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