NEW LIFE HOUSE

EIN: 550817692 501(c)(3) Mental Health

CHARLOTTE, NC

Total Revenue
$33,509
Total Expenses
$32,738
Total Assets
$7,869
Net Assets
$7,869
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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
2004
Legal Domicile
NC
Tax Period
2022-01-01 to 2022-12-31

NEW LIFE HOUSE, founded in 2004, is a micro nonprofit in the Mental Health sector that reported $34K in total revenue in fiscal year 2022.

Mission

HOUSING FOR FORMER ADDICTS HALF WAY HOUSING

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $33,509
Investment Income $0
Other Revenue $0
TOTAL REVENUE $33,509

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,738
Other Expenses $32,738
TOTAL EXPENSES $32,738

Year-over-Year Comparison

2022 2021 Change
Revenue $33,509 $33,664 0.0%
Expenses $32,738 $28,290 +0.2%
Net Income $771 $5,374 -0.9%
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
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOPHIE A UNDERWOOD VICE-PRESIDENT 40.00
Officer
$0 $0 $0
RICKY UNDERWOOD PRESIDENT 40.00
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
2022 $33,509 $32,738 $7,869 $771
2021 $28,314 $28,290 $7,846 $24
2020 $24,035 $25,678 $7,841 $-1,643
2019 $23,536 $24,770 $9,476 $-1,234
2018 $37,976 $39,750 $8,465 $-1,774
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