LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW LIFE ECONOMIC DEVELOPMENT INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $538K in total revenue in fiscal year 2023. Expenses of $516K left a modest 4% surplus.
PROVIDE AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT AND RELATED SERVICES TO LOW AND MODERATE INCOME COMMUNITIES.
NEW LIFE MANAGES LOW AND MODERATE INCOME MULTIFAMILY HOUSING PROPERTIES IN SOUTH LOS ANGELES, ENABLING US TO PROVIDE CRITICAL SOCIAL SERVICES INCLUDING SEMINARS ON HEALTH & WELLNESS, FINANCIAL...
NEW LIFE MANAGES LOW AND MODERATE INCOME MULTIFAMILY HOUSING PROPERTIES IN SOUTH LOS ANGELES, ENABLING US TO PROVIDE CRITICAL SOCIAL SERVICES INCLUDING SEMINARS ON HEALTH & WELLNESS, FINANCIAL LITERACY TRAINING, DEALING WITH DEPRESSION AND MENTAL ILLNESS, BULLYING, ELDER ABUSE AND VARIOUS OTHER COMMUNITY SERVICES, I.E., HELPING VULNERABLE RESIDENTS APPLY FOR AND OBTAIN HOUSING, LOW INCOME TRANSPORTATION OPTIONS AND UTILITY RATE ASSISTANCE, ATTEND COMMUNITY LUNCHEONS AND EDUCATIONAL FIELD TRIPS AND PROVIDE HIGH QUALITY AFFORDABLE HOUSING TO AN UNDERSERVED POPULATION OF SEVERAL HUNDRED LOW AND MODERATE INCOME SENIORS AND FAMILIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $537,757 | $533,243 | +0.0% |
| Expenses | $516,309 | $621,791 | -0.2% |
| Net Income | $21,448 | $-88,548 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN W HEATH | BOARD PRESIDENT | 40.00 |
Officer
Director
|
$37,250 | $0 | $37,250 |
| FERRIS TRIMBLE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID MACZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CASSANDRA IVERSON | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| QUENTIN STRODE | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $537,757 | $516,309 | $1,204,994 | $21,448 |
| 2022 | $533,243 | $621,791 | $1,161,821 | $-88,548 |
| 2021 | $489,862 | $604,602 | $1,260,279 | $-114,740 |
| 2020 | $434,154 | $537,647 | $1,196,097 | $-103,493 |
Compare NEW LIFE ECONOMIC DEVELOPMENT INC with other nonprofits in California and across the country.