NEW LIFE COMMUNITY DEVELOPMENT CORPORATION

EIN: 113204890 501(c)(3) Unknown

ELMHURST, NY

Total Revenue
$436,825
Total Expenses
$619,248
Total Assets
$614,451
Net Assets
$601,363
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
ROBERTA LENGER KANG
Phone
9292793853
Tax Period
2023-01-01 to 2023-12-31

NEW LIFE COMMUNITY DEVELOPMENT CORPORATION, founded in 1993, is a small nonprofit in the Unknown sector that reported $437K in total revenue in fiscal year 2023. Expenses of $619K exceeded revenue, resulting in a 42% operating deficit.

Mission

PROVIDE RELIEF, CULTIVATE RESTORATION, AND MODEL REINVESTMENT AMONG THE POOR AND MARGINALIZED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $434,162
Program Service Revenue $0
Investment Income $174
Other Revenue $2,489
TOTAL REVENUE $436,825

Expense Breakdown

Grants Paid $37,911
Salaries & Benefits $280,998
Fundraising Expenses $20,042
Program Expenses $416,686
Other Expenses $300,339
TOTAL EXPENSES $619,248

Year-over-Year Comparison

2023 2022 Change
Revenue $436,825 $456,691 0.0%
Expenses $619,248 $623,922 0.0%
Net Income $-182,423 $-167,231 +0.1%
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
9
Independent Members
9
Employees
8
Volunteers
200

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
6
$85,000
Total Directors
9
$0
Key Employees
1
$85,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIFFANY KOCH EXECUTIVE DIRECTOR 40
Officer Key Emp
$85,000 $0 $85,000
KOFI EFFAH CHAIR 2
Officer Director
$0 $0 $0
EDITH KANG VICE CHAIR 2
Officer Director
$0 $0 $0
MICHAEL FAVILLA SECRETARY 2
Officer Director
$0 $0 $0
RICH VILLODAS PRESIDENT EMERITUS 1
Officer Director
$0 $0 $0
ALAN CHAN BOARD MEMBER 2
Director
$0 $0 $0
JANET LONDONO-VALLE BOARD MEMBER 2
Director
$0 $0 $0
KURTIS FALCONE BOARD MEMBER 2
Director
$0 $0 $0
ROBERTA LENGER KANG BOARD MEMBER 2
Director
$0 $0 $0
SHERIN SWIFT BOARD MEMBER 2
Director
$0 $0 $0
VICTORIA KOLSCH TRASURER 10
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $436,825 $619,248 $614,451 $-182,423
2022 $456,691 $623,922 $789,639 $-167,231
2021 $566,162 $558,681 $951,641 $7,481
2020 $1,124,328 $669,711 $945,934 $454,617
2019 $525,926 $468,226 $492,900 $57,700
2018 $473,205 $424,473 $433,511 $48,732
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