New Life Economic Development Inc
Donations deductibleNew Life Economic Development Inc's network
5 people2 organisationsi5 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Cassandra Iverson | Company secretary | 2020 | 6 yrs |
| David Macz | Board Member | 2020 | 6 yrs |
| Ferris Trimble | Board Member | 2020 | 6 yrs |
| John W Heath | Board President | 2020 | 6 yrs |
| Quentin Strode | Treasurer | 2020 | 6 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| John W Heath | Board President | 2 | $0 | ||
| Ferris Trimble | Board Member | 2 | $0 | ||
| David Macz | Board Member | 2 | $0 | ||
| Cassandra Iverson | Secretary | 2 | $0 | ||
| Quentin Strode | Treasurer | 2 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- New Life Economic Development Inc
- EIN
- 954443057
- Address
- 5200 S Broadway Ofc, Los Angeles, CA, 90037-4507
- State
- California
- Mission
- Provide affordable housing, economic development and related services to low and moderate income communities. (as filed on the Form 990)
- Activity (NTEE)
- L21 Housing and shelter
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Housing & Shelter
- Size band
- 6 (IRS master file code)
- Formed
- 1993
- Principal officer
- John W Heath (as named on the Form 990)
- IRS ruling date
- 1 January 2020
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥6years on the filingsCassandra Iverson
≥6years on the filingsDavid Macz
≥6years on the filingsFerris Trimble
≥6years on the filingsJohn W Heath
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $1.2m
- Total liabilities
- $500k
- Net assets or fund balances
- $666k
- Contributions and grants received
- $0
- Program service revenue
- $480k
- Employees
- 7
- Volunteers
- 4
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $480k | $523k | Deficit $43k |
As filed on the IRS Form 990. US dollars.