NEW LIFE DREAM CENTER
Mission Statement
The New Life Dream Center (NLDC) is a multi-faceted non-profit focused on the marginalized in society. The NLDC consists of a 12-month men and women’s residential discipleship program specializing in substance abuse treatment and sustainable empowerment. The New Life Dream Center provides services to 10 male and 5 female clients at a time and helps many others in various stages of transition after graduation. We embrace individuals in crisis by providing a new start at a marina, with on-the-job training, counseling and substance abuse counseling, site transportation, and work experience. Clients become like family and are prepared for healthy functioning and relationships in the outside world. The New Life Dream Center has helped various groups of people from all different backgrounds and circumstances, whether that be people that have come from homelessness, addiction, abuse, prison and reentry, or are United State Veterans; our program is here for all who are willing and ready to commit to a new way and new life. The New Life Dream Center provides a place of “new life” spiritually and physically. Since its founding as an independent non-profit in 2012, the New Life Dream Center has served and helped hundreds of men and women.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.0% | 85.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.7% | 12.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.3% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.9 mo | 5.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
64.7% | 3.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
60.6% | 95.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
14.3% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
25.3% | 10.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.9% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $408K | $420K | $135K | 80.0% | 0 |
| 2023 | $357K | $335K | $97K | 80.8% | 0 |
| 2022 | $375K | $387K | $74K | 81.3% | 0 |
| 2021 | $619K | $397K | N/A | — | 0 |
Donor Reviews
Write a ReviewBe the first to share your experience with this organization.