DEMOGRAPHIC
ADDRESS
5200 S BROADWAY OFC
90037
COUNTY
los angeles county, CA
IN CARE OF NAME
JOHN HEATH
ORGANIZATIONAL OVERVIEW & RANKINGS
NEW LIFE ECONOMIC DEVELOPMENT INC is a based in LOS ANGELES, CA, focused on Housing, Shelter causes , specifically Public Housing Facilities. Established in January 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,161,821.00, this ranks 199,530 among 2,656,690 nonprofits nationally (Top 8%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 20,378 out of 275,729 organizations in CA (Top 8%).
In los angeles county, CA, the organization ranks 5,521 out of 71,287 nonprofits by assets (Top 8%), while locally in los angeles, it stands at 1,984 among 19,629 organizations (Top 11%).
The organization reported annual revenue of $533,243.00, ranking 176,798 nationally (Top 7%) and 19,474 in CA (Top 8%).
Within its specific NTEE classification (L21 - L: Housing, Shelter), which includes 3,761 similar organizations, NEW LIFE ECONOMIC DEVELOPMENT INC ranks 1,137 in assets (Top 30%) and 587 in revenue (Top 16%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2018 and was reinstated on May 15, 2018 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Described in section 170 b 1 a vi of the Code
Low and moderate income housing
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L21: Public Housing Facilities
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Tuesday, May 15, 2018;
Reinstated: Tuesday, May 15, 2018
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$533,243.00
FORM 990 REVENUE AMOUNT
$533,243.00
RULING DATE
01/2020
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,161,821.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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