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Nonprofit · EIN 93-4260523

NEW LEASE ON LIFE INC

Tax-exempt · MAYFIELD, KY 42066

Financials

$1.3M$23K2023$2.2M$2M2024
Revenue Expenses · by fiscal year end
Financials of NEW LEASE ON LIFE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,150,802$1,986,503$164,299$1,491,304$5,243$1,486,061
December 31, 2023990$1,344,537$22,775$1,321,762$1,321,762$0$1,321,762
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,102,462
of which government grants
$2,102,462
Program service revenue
$48,340
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$99,327
Salaries, compensation and benefits (total)
$107,541
Professional fundraising fees
$0
Accounting fees
$8,907
Occupancy
$22,919
Travel
$7,715
Depreciation
$34,738
Program services (functional)
$1,986,503

Balance sheet and other

Total assets, start of year
$1,321,762
Total assets, end of year
$1,491,304
Total liabilities, end of year
$5,243
Net assets, end of year
$1,486,061
Land, buildings and equipment
$1,040,951
Net assets without donor restrictions
$1,486,061
Gross receipts
$2,150,802
Employees
2
Year formed
2023
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MATTHEW J ALLENEXECUTIVE DI
Trustee or director, Officer
40$37,154
KARASTIN HANCOCKDIRECTOR
Trustee or director
–$0
DANIELLE SLACKTREASURER/DI
Officer
–$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
RYAN DRANEEXECUTIVE DI
Trustee or director, Officer
8$0
KARASTIN HANCOCKDIRECTOR
Trustee or director
8$0
DANIELLE SLACKTREASURER/DI
Officer
8$0

Address and contacts

Address (IRS master file)
1365 LUISA LN, MAYFIELD, KY 42066-1150
Principal officer (990 for 2024)
MATTHEW J ALLEN, 1403 S 10TH STREET, MAYFIELD, KY 42066
Signed the 990
MATTHEW J ALLEN, EXECUTIVE DIRECTOR
Phone
(270) 247-5022
Return prepared by
CORNMAN BRYAN WATTS & ELLIOTT CPAS PLLC

Mission

TO PROVIDE HOUSING FOR SURVIVORS WHO LIVED IN RENTAL PROPERTY DESTROYED BY THE DECEMBER 2021 TORNADO

990 for the year ended December 31, 2024

Program accomplishments

  • PROGRAM SUPPORT
  • PROGRAM SUPPORT
    Expenses $1,986,503

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
93-4260523
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,491,304
Income (IRS master file)
$2,150,802

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,150,802$1,986,503$1,491,304IRS
990December 2023$1,344,537$22,775$1,321,762XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-4260523).

Questions about NEW LEASE ON LIFE INC

What is the EIN of NEW LEASE ON LIFE INC?
The employer identification number (EIN) of NEW LEASE ON LIFE INC is 93-4260523.
Is NEW LEASE ON LIFE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to NEW LEASE ON LIFE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW LEASE ON LIFE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEW LEASE ON LIFE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW LEASE ON LIFE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW LEASE ON LIFE INC?
The 990 for the year ended December 31, 2024 names MATTHEW J ALLEN.
Who are the officers and directors of NEW LEASE ON LIFE INC?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $37,154 (MATTHEW J ALLEN, EXECUTIVE DI).
How much revenue does NEW LEASE ON LIFE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,150,802, expenses of $1,986,503 and total assets of $1,491,304 at year end.

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