NEW LIFE DREAM CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

LAURA GEE

Phone

9253087737

Tax Period

2024-01-01 to 2024-12-31

NEW LIFE DREAM CENTER, founded in 2012, is a small nonprofit in the Mental Health sector that reported $408K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROVIDE ON-THE-JOB TRAINING, ACCOMODATION, SUBSTANCE ABUSE COUNSELING, AND SITE TRANSPORTATION TO 100 -120 DRUG ABUSE PARTICIPANTS

Program Service Accomplishments

Program 1

Expenses: $335,844

ENGAGING ADDICTS IN WORK THERAPY OF ADDICTS IN A MARINA OPERATION. MARINA OPERATION INCLUDES BERTH AND BOAT RENTALS, FACILITIES RENTAL AND SERVICING OF THE GENERAL PUBLIC. THROUGH AN INTENSIVE...

ENGAGING ADDICTS IN WORK THERAPY OF ADDICTS IN A MARINA OPERATION. MARINA OPERATION INCLUDES BERTH AND BOAT RENTALS, FACILITIES RENTAL AND SERVICING OF THE GENERAL PUBLIC. THROUGH AN INTENSIVE PROGRAM OF WORK THERAPY AND FREQUENT COUNSELING SESSIONS, ADDICTS GAINED SELF ESTEEM AND REAL LIFE WORK EXPERIENCE THAT ENABLES THEM TO BE TRANSITION BACK TO LEAD NORMAL DRUG FREE LIVES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $160,913

Program Service Revenue $247,316

Investment Income $0

Other Revenue $0

TOTAL REVENUE $408,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,278

Fundraising Expenses $5,357

Program Expenses $335,844

Other Expenses $312,627

TOTAL EXPENSES $419,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,229	$357,271	+0.1%
Expenses	$419,905	$335,090	+0.3%
Net Income	$-11,676	$22,181	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PASTOR FELIX GOLDEN	DIRECTOR	0.00	Director	$0	$0	$0
MR RON HELDER	DIRECTOR	0.00	Director	$0	$0	$0
PAUL CHAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK CARLISE	CHAIRMAN	0.00	Director	$0	$0	$0
STEVEN MINER	DIRCTOR	0.00	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
2024	$408,229	$419,905	$381,728	$-11,676
2023	$357,271	$335,090	$362,724	$22,181
2022	$374,614	$386,780	$369,645	$-12,166
2021	$409,520	$396,696	$382,194	$12,824
2020	$424,575	$439,194	$379,903	$-14,619
2019	$524,137	$496,263	$391,129	$27,874