2026-01-19T21:36:58-05:00 2024-06-30 205855985 WATERS & COMPANY LLC 3311 CANDELARIA RD NE STE D ALBUQUERQUE NM 87107 990 2023-07-01 850406074 NEWLIFE HOMES INC NEWL 5052937553 PO BOX 51055 ALBUQUERQUE NM 87181 JOHN BLOOMFIELD EXECUTIVE DIRECTOR 5052937553 2025-05-15 true true VERONICA VILLANUEVA P01347637 5052600616 2026-01-19 2023 2025-03-06 01:10:19Z X JOHN BLOOMFIELD PO BOX 51055 ALBUQUERQUE NM 87181 625279 false X WWW.NEWLIFEHOMESNM.COM X 1992 NM 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. 4 4 1 0 570011 0 2780 609881 15223 175 572791 625279 0 0 97353 34932 0 0 634934 796389 732287 831321 -159496 -206042 7405647 7146167 7710815 7688093 -305168 -541926 X 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. false false 561161 609881 PROVIDED VERY LOW INCOME AND DISABLED PERSONS, WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. 561161 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 12 0 1 true false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true false true false false NM X X ORGANIZATION 5052937553 PO BOX 51055 ALBUQUERQUE NM 87181 PAUL VAN GULICK PRESIDENT/TR 0.20 1.00 X 0 0 0 PATRICIA RAY SECRETARY 0.20 1.00 X 0 0 0 CHANDRA DORAN DIRECTOR 0.20 1.00 X 0 0 0 RUSSELL THOMPSON DIRECTOR 0.20 1.00 X 0 0 0 JOHN BLOOMFIELD EXECUTIVE DI 8.00 40.00 X 34932 0 0 34932 false false false RENTAL INCOME 531110 602253 602253 TENANT CHARGES 531110 7628 7628 609881 15223 15223 OTHER 175 175 175 625279 610056 15223 34932 34932 1366 1366 11879 11879 63343 63343 2688 2688 108 108 274942 274942 28729 28729 194419 194419 91800 91800 PAYMENTS TO AFFILIATES 122867 122867 AMORTIZATION EXPENSE 3883 3883 UNALLOCATED EXPENSES 365 365 831321 561161 270160 0 58573 99738 9371 4854 56017 29485 24240 27683 8081779 2830411 5468542 5251368 1788904 1733039 7405647 7146167 20835 5123 12056 26679 7677924 7656291 7710815 7688093 X -305168 -541926 -305168 -541926 7405647 7146167 -206042 -30716 X false true X true false X 497906 527705 572791 618873 609881 2827156 497906 527705 572791 618873 609881 2827156 2827156 15223 15223 30446 15223 15223 30446 175 175 497906 527705 572791 634096 625279 2857777 0.98930 0.01000 0.00000 X PART III, LINE 12 175 357818 357818 7689623 2796073 4893550 18723 18723 15615 15615 5251368 DUE FROM LUNA LODGE 1384680 OPERATING RESERVE 260560 REPLACEMENT RESERVE 68486 TENANT SECURITY DEPOSITS 49558 DEFERRED TAX CREDIT 3335 PARTNERSHIP INVESTMENT -33580 1733039 SECURED MORTGAGES 7617950 OTHER LIABILITIES 38341 7656291 X 625279 625279 625279 831321 831321 831321 SCHEDULE D, PAGE 3, PART X NEWLIFE HOMES ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. AS OF JUNE 30, 2024, THERE WERE NO UNCERTAIN TAX POSITIONS NOTED. NEWLIFE HOME'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. UNDER THE STATUTE OF LIMITATIONS, NEWLIFE HOME'S TAX RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS PRIOR TO 2021. FORM 990, PAGE 1, ITEM B AMENDED FOR THE ISSUANCE OF AUDITED FINANCIAL STATEMENTS. 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, 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.