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Filing year 2024

NEW LIFE ECONOMIC DEVELOPMENT INC

Los Angeles, California·EIN 95-4443057·NTEE L21 · Housing & Shelter·501(c)(3)
Total revenue
$480k
Total assets
$1.2M
Total expenses
$523k
Reported officers
5
Mission

PROVIDE AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT AND RELATED SERVICES TO LOW AND MODERATE INCOME COMMUNITIES.

Reported officers (all unpaid)

No paid executives reported in 2024. NEW LIFE ECONOMIC DEVELOPMENT INC reported 5 unpaid officers and board members on its 990.

Board President
Board Member
Board Member
Secretary
Treasurer
Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at NEW LIFE ECONOMIC DEVELOPMENT INC equaled 7% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2023)
7%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Financial trend

Revenue and expenses over time

NEW LIFE ECONOMIC DEVELOPMENT INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$538k
$516k
2023
$480k
$523k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn in California

NEW LIFE ECONOMIC DEVELOPMENT INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable housing & shelter organization in California earns a median of $68,128.

25th percentile
$40k
Median
$68,128
75th percentile
$139k
90th percentile
$245k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 999 organizations across 999 filings (2021 – 2024).

See full Housing & Shelter pay data for California

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FAQ

Common questions about NEW LIFE ECONOMIC DEVELOPMENT INC

What are NEW LIFE ECONOMIC DEVELOPMENT INC's revenue and expenses?

In 2024, NEW LIFE ECONOMIC DEVELOPMENT INC reported $480k in total revenue and $523k in total expenses on its IRS Form 990.

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