NEW LIFE FOR YOUTH INC

EIN: 237225441 501(c)(3)

RICHMOND, VA

Total Revenue
$772,835
Total Expenses
$838,209
Total Assets
$2,228,563
Net Assets
$1,343,971
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
VA
Principal Officer
ROSALINDA RIVERA
Phone
8042766767
Tax Period
2024-07-01 to 2025-06-30

NEW LIFE FOR YOUTH INC, founded in 1971, is a small nonprofit that reported $773K in total revenue in fiscal year 2024.

Mission

NEW LIFE FOR ADULTS AND YOUTH HAS OFFERED BOTH HOPE AND HELP TO TROUBLED AND ADDICTED YOUNG PEOPLE AND THEIR DESPAIRING FAMILIES FOR MORE THAN 53 YEARS. WE HAVE A LONG HISTORY OF SUCCESS IN BOTH OUTREACH AND RESIDENTIAL PROGRAMS. OUR FAITH-BASED MINISTRY HAS RECOVERY HOMES FOR MEN, WOMEN, AND MOMS WITH CHILDREN. MIRACLES HAPPEN IN THESE HOMES EVERY DAY AS YOUNG PEOPLE ARE FREED FROM BONDAGE TO DRUGS AND ALCOHOL. BY SUPPORTING OUR WORK, YOU HELP BRING A SECOND CHANCE, THE MIRACLE OF A NEW LIFE, TO YOUNG PEOPLE. YOU CAN HELP GIVE THEM AN OPPORTUNITY TO BECOME PRODUCTIVE CITIZENS AND WELCOMED MEMBERS OF THEIR FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $727,656

MEN'S ADULT DRUG AND ALCOHOL DISCIPLESHIP TRAINING PROGRAM USUALLY AVERAGES 40 RESIDENTS WITH AN AVERAGE PERIOD OF RESIDENCE OF ONE (1) YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $635,120
Program Service Revenue $130,000
Investment Income $-1,323
Other Revenue $9,038
TOTAL REVENUE $772,835

Expense Breakdown

Grants Paid $6,183
Salaries & Benefits $238,290
Fundraising Expenses $4,106
Program Expenses $727,656
Other Expenses $593,736
TOTAL EXPENSES $838,209

Year-over-Year Comparison

2024 2023 Change
Revenue $772,835 $732,108 +0.1%
Expenses $838,209 $895,311 -0.1%
Net Income $-65,374 $-163,203 -0.6%
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
8
Independent Members
6
Employees
14
Volunteers
100

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
3
$39,000
Total Directors
8
$39,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSALINDA RIVERA PRESIDENT 20.00
Officer Director
$26,000 $0 $26,000
CARLOS RIVERA VICE PRESIDE 20.00
Officer Director
$13,000 $0 $13,000
CHARLES COCHRAN SEC./TREAS. N/A
Officer Director
$0 $0 $0
JOHN HARRISON DIRECTOR N/A
Director
$0 $0 $0
DON WILKERSON DIRECTOR N/A
Director
$0 $0 $0
MICKEY MOORE DIRECTOR N/A
Director
$0 $0 $0
FRED WINDBIEL DIRECTOR N/A
Director
$0 $0 $0
DR SANDRIE SERRANO BERMUDEZ DIRECTOR N/A
Director
$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
2025 $772,835 $838,209 $2,228,563 $-65,374
2024 $732,108 $895,311 $2,372,945 $-163,203
2023 $858,545 $838,918 $2,707,865 $19,627
2022 $912,106 $921,868 $2,747,701 $-9,762
2021 $1,075,122 $871,635 $2,888,357 $203,487
2020 $940,951 $901,563 $2,909,762 $39,388
2019 $940,744 $989,614 $2,912,566 $-48,870
2018 $1,203,534 $1,198,324 $3,036,490 $5,210
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