New Life Development Corporation
Nonprofit profile at a glance
- EIN
- 223523125
- IRS 990 coverage
- 2021–2025
- Forms available
- Form 990 2025, Form 990-N 2019
- Location
- Atlantic City, NJ, USA
- Phone
- 6093440949
- Rating confidence
- Limited
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $0
- Expenses
- $493,012
- Assets
- $-36,716
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- CAROLYN FARRAR (ADMINISTRATOR): $46,800 total reported compensation
- JUNE PURYEAR (TEACHER): $34,763 total reported compensation
- PAULA DENSON (TEACHER): $32,600 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Education and childcare
What it reported doing in 2025
Cndt
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 89
- Accountability: 5
- Sustainability: 1
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 9th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 10th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: -0.07; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 35.2%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 100% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: -3.1% per year; rating input score 0; 46th percentile among comparable filings
- Asset growth: -160.1% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: 0 of 5 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $493K in reported program spending
- Leadership: top reported pay $47K · 6 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 7 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.