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 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 community nonprofit that reported $1.2M in total revenue in fiscal year 2017. Revenue decreased 14% compared to the prior year.

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.

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Trantor Score

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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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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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