Civic Intelligence

Newlife Homes Inc

EIN 85-0406074 • 501(c)3 • Albuquerque, NM

Profile

New life homes provides low income housing for families and individuals that have mental illnesses and/or very low income. During the current year it operated two housing facilities.

PO Box 51055Albuquerque, NM 87181

www.newlifehomesnm.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.07x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

12.14x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

25th percentile

-2.9%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,190,356

Down $215,291 (-2.9%) from 2023

Liabilities

Down

$7,703,071

Down $7,744 (-0.1%) from 2023

Net Assets

Down

-$512,715

Down $207,547 (-68%) from 2023

Revenue

Up

$634,271

Up $61,480 (+11%) from 2023

Expenses

Down

$718,500

Down $13,787 (-1.9%) from 2023

Net Income

Up

-$84,229

Up $75,267 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2012: $8,408,417Liabilities 2012: $6,750,939Net Assets 2012: $1,657,4782012Assets 2013: $8,021,240Liabilities 2013: $6,566,923Net Assets 2013: $1,454,3172013Assets 2014: $7,862,444Liabilities 2014: $6,460,140Net Assets 2014: $1,402,3042014Assets 2015: $7,638,056Liabilities 2015: $6,421,752Net Assets 2015: $1,216,3042015Assets 2016: $7,432,635Liabilities 2016: $6,398,977Net Assets 2016: $1,033,6582016Assets 2017: $7,249,595Liabilities 2017: $6,369,580Net Assets 2017: $880,0152017Assets 2018: $6,967,804Liabilities 2018: $6,354,225Net Assets 2018: $613,5792018Assets 2019: $6,781,509Liabilities 2019: $6,330,365Net Assets 2019: $451,1442019Assets 2020: $6,619,493Liabilities 2020: $6,305,099Net Assets 2020: $314,3942020Assets 2021: $6,350,423Liabilities 2021: $6,280,912Net Assets 2021: $69,5112021Assets 2022: $7,566,835Liabilities 2022: $7,712,507Net Assets 2022: -$145,6722022Assets 2023: $7,405,647Liabilities 2023: $7,710,815Net Assets 2023: -$305,1682023Assets 2024: $7,190,356Liabilities 2024: $7,703,071Net Assets 2024: -$512,7152024

Highlighted filing

2024

Assets$7,190,356
Liabilities$7,703,071
Net Assets-$512,715

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $400,767Expenses 2012: $570,029Net Income 2012: -$169,2622012Expenses 2013: $569,3732013Revenue 2014: $772,618Expenses 2014: $824,721Net Income 2014: -$52,1032014Revenue 2015: $378,943Expenses 2015: $565,927Net Income 2015: -$186,9842015Revenue 2016: $400,330Expenses 2016: $583,009Net Income 2016: -$182,6792016Revenue 2017: $409,979Expenses 2017: $563,710Net Income 2017: -$153,7312017Revenue 2018: $402,789Expenses 2018: $669,225Net Income 2018: -$266,4362018Revenue 2019: $475,790Expenses 2019: $638,225Net Income 2019: -$162,4352019Revenue 2020: $560,166Expenses 2020: $696,916Net Income 2020: -$136,7502020Revenue 2021: $497,906Expenses 2021: $742,789Net Income 2021: -$244,8832021Revenue 2022: $527,705Expenses 2022: $742,888Net Income 2022: -$215,1832022Revenue 2023: $572,791Expenses 2023: $732,287Net Income 2023: -$159,4962023Revenue 2024: $634,271Expenses 2024: $718,500Net Income 2024: -$84,2292024

Highlighted filing

2024

Revenue$634,271
Expenses$718,500
Net Income-$84,229

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$634,271
Mission and Program Overview

Mission

New life homes provides low income housing for families and individuals that have mental illnesses and/or very low income. During the current year it operated two housing facilities.

To foster the development of housing for persons with psychiatric disabilities and/or persons of very low income within that purpose, the organization shall engage in activities to create, develop, operate or support various housing options for persons with psychiatric disabilities and very low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,468,542$5,251,210▼ $217,332
Cash and Non-Interest-Bearing Accounts$58,573$120,748▲ $62,175
Other Notes and Loans Receivable, Net$56,017--
Prepaid Expenses and Deferred Charges$24,240$29,268▲ $5,028
Accounts Receivable$9,371$11,299▲ $1,928
Total Assets$7,405,647$7,190,356▼ $215,291
Other Assets Total$1,788,904$1,777,831▼ $11,073
Liabilities
Other Liabilities$7,689,980$7,678,282▼ $11,698
Accounts Payable and Accrued Expenses$20,835$24,789▲ $3,954
Total Liabilities$7,710,815$7,703,071▼ $7,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-305,168$-512,715▼ $207,547
Total Net Assets Fund Balance$-305,168$-512,715▼ $207,547
Total Liabilities and Net Assets / Fund Balance$7,405,647$7,190,356▼ $215,291

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,251,210$2,830,570-
Other Assets Org$8,811--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul Van GulickPresident/tr
Chandra DoranDirector
Russell ThompsonDirector
Will ReardonDirector
John BloomfieldExecutive Di
Patricia RaySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$175
Program Service Revenue
$618,873
Investment Income
$15,223
Other Revenue
$0
All Other Contributions
$175
Change in Net Assets
$-84,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$613,226
Salaries, Compensation, and Employee Benefits$105,274
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$221,756--$221,756
Depreciation Depletion$198,460--$198,460
Insurance$71,292--$71,292
Other Salaries and Wages$38,071$12,312-$50,383
Current Officers, Directors, Trustees, and Key Employees-$34,932-$34,932
Interest-$28,729-$28,729
Fees for Services Accounting-$17,247-$17,247
All Other Expenses$12,543--$12,543
Payroll Taxes$7,196$3,568-$10,764
Other Employee Benefits$9,195--$9,195
Information Technology$8,833--$8,833
Office Expenses$5,041$2,448-$7,489
Other Expenses$3,502--$3,502
Fees for Services Legal$1,980--$1,980
Advertising-$87-$87
Total Functional Expenses$619,177$99,323$0$718,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Secured Mortgages$7,633,485
Other Liabilities$44,797
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director reviews the form 990 for accuracy before it is filed.

Form 990, Page 6, Part VI, Line 12C

The organization has two lawyers on the board and is mindful of any action that may create a potential conflict of interest. Should one arise, the party with the interest would either resign or be recused from the deliberations that affect the outcome.

Form 990, Page 6, Part VI, Line 15A

The board approves the executive directors salary at initiation. The board president writes an annual appraisal based on the key performance areas in the executive director's job description, it is circulated to board members for comment and salary is determined by the board based on performance and affordability.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Newlife Homes Inc
EIN
85-0406074
Phone
5052937553
Address
PO BOX 51055, ALBUQUERQUE, NM 87181

Signing Officer

Name
John Bloomfield
Title
Executive Director
Phone
5052937553
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Bloomfield
Formed
1992
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Waters & Company LLC
Address
3311 CANDELARIA NE SUITE J, ALBUQUERQUE, NM 87107-1952
Preparer
Veronica Villanueva
Phone
5052600616
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To foster the development of housing for persons with psychiatric disabilities and/or persons of very low income within that purpose, the organization shall engage in activities to create, develop, operate or support various housing options for persons with psychiatric disabilities and very low income.

Form 990, Part XI, Line 9

Book / tax depreciation difference 3,883 -127,201 total -123,318

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015223
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015223
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99450
IRS990ScheduleA/PublicSupportTotal509Amt02777616
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0619048
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0572791
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0527705
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0497906
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0560166
IRS990ScheduleA/Total509Grp/TotalAmt02777616
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0634271
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0572791
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0527705
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0497906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0560166
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02792839
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01769020
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18811
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05251210
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02830570
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt08081780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07633485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt144797
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURED MORTGAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05251210
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01777831
IRS990ScheduleD/TotalLiabilityAmt07678282
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FOSTER THE DEVELOPMENT OF HOUSING FOR PERSONS WITH PSYCHIATRIC DISABILITIES AND/OR PERSONS OF VERY LOW INCOME WITHIN THAT PURPOSE, THE ORGANIZATION SHALL ENGAGE IN ACTIVITIES TO CREATE, DEVELOP, OPERATE OR SUPPORT VARIOUS HOUSING OPTIONS FOR PERSONS WITH PSYCHIATRIC DISABILITIES AND VERY LOW INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 FOR ACCURACY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS TWO LAWYERS ON THE BOARD AND IS MINDFUL OF ANY ACTION THAT MAY CREATE A POTENTIAL CONFLICT OF INTEREST. SHOULD ONE ARISE, THE PARTY WITH THE INTEREST WOULD EITHER RESIGN OR BE RECUSED FROM THE DELIBERATIONS THAT AFFECT THE OUTCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES THE EXECUTIVE DIRECTORS SALARY AT INITIATION. THE BOARD PRESIDENT WRITES AN ANNUAL APPRAISAL BASED ON THE KEY PERFORMANCE AREAS IN THE EXECUTIVE DIRECTOR'S JOB DESCRIPTION, IT IS CIRCULATED TO BOARD MEMBERS FOR COMMENT AND SALARY IS DETERMINED BY THE BOARD BASED ON PERFORMANCE AND AFFORDABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 3,883 -127,201 TOTAL -123,318
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07405647
IRS990/TotalAssetsEOYAmt07190356
IRS990/TotalAssetsGrp/BOYAmt07405647
IRS990/TotalAssetsGrp/EOYAmt07190356
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0175
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099323
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0619177
IRS990/TotalFunctionalExpensesGrp/TotalAmt0718500
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07710815
IRS990/TotalLiabilitiesEOYAmt07703071
IRS990/TotalLiabilitiesGrp/BOYAmt07710815
IRS990/TotalLiabilitiesGrp/EOYAmt07703071
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-305168
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-512715
IRS990/TotalProgramServiceExpensesAmt0619177
IRS990/TotalProgramServiceRevenueAmt0618873
IRS990/TotalRevenueGrp/ExclusionAmt015223
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0618873
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0634271
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07405647
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07190356
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NEWLIFEHOMESNM.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN BLOOMFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05052937553
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWLIFE HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWL
ReturnHeader/Filer/EIN0850406074
ReturnHeader/Filer/PhoneNum05052937553
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 51055
ReturnHeader/Filer/USAddress/CityNm0ALBUQUERQUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087181
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205855985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATERS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03311 CANDELARIA NE SUITE J
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0871071952
ReturnHeader/PreparerPersonGrp/PhoneNum05052600616
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VERONICA VILLANUEVA
ReturnHeader/ReturnTs02025-05-15T19:35:41-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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