NEW LIFE DEVELOPMENT CORPORATION

EIN: 223523125 501(c)(3) Education

Atlantic City, NJ

Total Revenue
N/A
Total Expenses
$493,012
Total Assets
$-36,716
Net Assets
$-36,716
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NJ
Phone
6093440949
Tax Period
2025-01-01 to 2025-12-31

Mission

EDUCATION AND CHILDCARE

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $324,853
Fundraising Expenses $0
Program Expenses $493,012
Other Expenses $168,159
TOTAL EXPENSES $493,012

Year-over-Year Comparison

2025 2024 Change
Revenue N/A $648,210 -1.0%
Expenses $493,012 $568,696 -0.1%
Net Income N/A $79,514 N/A
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
5
Independent Members
N/A
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
0
$0
Key Employees
6
$173,715
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN W HOWARD SR CHIEF OPERATOR 1
Key Emp
$9,000 $0 $9,000
CAROLYN FARRAR ADMINISTRATOR 7
Key Emp
$46,800 $0 $46,800
PAULA DENSON TEACHER 7
Key Emp
$32,600 $0 $32,600
JUNE PURYEAR TEACHER 7
Key Emp
$34,763 $0 $34,763
LAMIRAH PARKER TEACHER 7
Key Emp
$30,770 $0 $30,770
JACQUELINE JOHNSON COOK 4
Key Emp
$19,782 $0 $19,782
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 No data $493,012 $-36,716 No data
2024 $648,210 $568,696 No data $79,514
2023 $519,664 $568,426 $5,234 $-48,762
2022 $401,815 $393,441 $53,941 $8,374
2021 $178,050 $190,771 $46,122 $-12,721
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