NEW LIFE BAPTIST CHURCH

EIN: 043342124 501(c)(3) Religion

WOBURN, MA

Total Revenue
$1,566,190
Total Expenses
$1,277,008
Total Assets
$3,454,772
Net Assets
$2,671,132
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
PR JOSE COSTA JR
Phone
9782062935
Tax Period
2025-01-01 to 2025-12-31

NEW LIFE BAPTIST CHURCH, founded in 1996, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2025. The organization ran a surplus of $289K, a strong 18% operating margin.

Mission

CHRISTIAN CHURCH PREACHING AND TEACHING THE GOSPEL OF JESUS CHRIST AND HELPING THE COMMUNITY ON ITS NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,563,298
Program Service Revenue $0
Investment Income $0
Other Revenue $2,892
TOTAL REVENUE $1,566,190

Expense Breakdown

Grants Paid $0
Salaries & Benefits $562,307
Fundraising Expenses $0
Program Expenses $234,910
Other Expenses $714,701
TOTAL EXPENSES $1,277,008

Year-over-Year Comparison

2025 2024 Change
Revenue $1,566,190 $1,480,439 +0.1%
Expenses $1,277,008 $1,036,186 +0.2%
Net Income $289,182 $444,253 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
550
Independent Members
550
Employees
4
Volunteers
90

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$130,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSE DE FARIA COSTA JR MINISTER & PRESIDENT 50.00
Officer Highest
$0 $0 $130,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,566,190 $1,277,008 $3,454,772 $289,182
2024 $1,480,439 $1,036,186 $3,186,886 $444,253
2023 $1,418,724 $964,502 $2,764,533 $454,222
2022 $1,279,978 $1,044,425 $2,327,994 $235,553
2021 $1,090,559 $828,377 $2,081,270 $262,182
2020 $852,892 $705,109 $1,883,744 $147,783
2019 $833,123 $644,103 No data $189,020
2018 $736,268 $561,461 $623,027 $174,807
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