Overview
What is New Hope Transitional Housing Inc?
New Hope Transitional Housing Inc is a nonprofit organization located in the Bronx, New York, at 1540 Watson Ave. Their mission is to provide temporary housing and on-site services to homeless individuals and families, enabling them to transition to independence. Through comprehensive and critical social services, New Hope Transitional Housing offers assistance in locating and obtaining permanent housing, public assistance, and other useful resources. Their continuum of care is tailored toward a path of self-sufficiency, with the ultimate goal of providing homeless individuals and families with the necessary tools and resources to promote long-term solutions and stabilize their transition back into the community. The organization employs 76 individuals.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
New Hope Transitional Housing Inc has achieved a respectable score of 79%, reflecting a commitment to accountability and finance. The organization demonstrates strong governance, with an entirely independent board, which is a positive indicator of its operational integrity. Key policies related to conflict of interest, whistleblower protection, and document retention are in place, contributing to a robust oversight framework.
The organization excels in its program expense ratio, with nearly 94% of its expenses directed towards programs, signifying effective allocation of resources towards its mission. This level of financial efficiency is noteworthy and indicates that the organization is likely making a substantial impact in the community it serves.
While the rating suggests that New Hope Transitional Housing Inc is managing its resources responsibly, it is essential for potential donors and stakeholders to consider the overall context of the organization's work and the specific outcomes of its programs to gauge its effectiveness fully.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Transitional Housing Inc legitimate?
New Hope Transitional Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Transitional Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $665,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,555,632
For more financial information, click here
What is the mission statement of New Hope Transitional Housing Inc?
New Hope Transitional Housing Inc is dedicated to helping homeless individuals and families by offering them temporary shelter and housing. Their mission is to aid these individuals in their transition to self-sufficiency by providing them with essential social services. These services assist in locating and obtaining permanent housing, public assistance, and other helpful resources. The comprehensive and critical social services provided by the organization create a continuum of care, tailored to each person's unique needs, with the ultimate goal of stabilizing and maintaining their successful re-entry into the community.
Who is the CEO of New Hope Transitional Housing Inc?
Mordechai Ehrman is the Board Member of New Hope Transitional Housing Inc. The CEO's salary of New Hope Transitional Housing Inc is $238,807 and their total compensation is $252,379.
What is the revenue of New Hope Transitional Housing Inc?
New Hope Transitional Housing Inc's revenue in 2022 was $17,983,951.
Who are the executives of New Hope Transitional Housing Inc and what are their salaries?
The average compensation at New Hope Transitional Housing Inc during 2022 was $42,386. There are 76 employees and 20 volunteers at New Hope Transitional Housing Inc.
Here are 10 key members and their salaries (New Hope Transitional Housing Inc's CEO's salary is $238,807 and their total compensation is $252,379):
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- Compensation: $238,807
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- Other: $13,572
- Compensation: $163,263
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- Other: $13,572
- Compensation: $61,681
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- Other: $971
Where can I find the form 990 for New Hope Transitional Housing Inc?
New Hope Transitional Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Hope Transitional Housing Inc
New Hope Transitional Housing Inc is a nonprofit organization dedicated to helping homeless individuals and families find their way back to self-sufficiency. Their mission is multifaceted, encompassing the provision of temporary shelter and housing as well as the delivery of crucial social services. This continuum of care is tailored to each individual's needs, propelling them towards a path of self-sufficiency.
New Hope Transitional Housing Inc goes beyond just offering temporary shelter. It is their goal to help homeless individuals and families secure permanent housing, access public assistance, and utilize various helpful resources. Their comprehensive social services not only ensure that individuals have the necessary tools to maintain their transition back into the community but also promote long-term solutions to stabilize and sustain their newfound independence.
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Impact
October, 2024
New Hope Transitional Housing Inc (NHTH) has a profound impact on the lives of homeless individuals and families in the Bronx, NY. By providing safe temporary shelter, NHTH creates a stable environment for those in need, which is crucial for fostering a sense of security and hope. The organization's tailored social services assist these families in not only locating permanent housing but also navigating public assistance programs and accessing vital resources.
Through a dedicated continuum of care, NHTH empowers individuals and families with the necessary tools to achieve self-sufficiency. This approach not only addresses immediate needs but also promotes long-term stability and community reintegration. By focusing on both immediate shelter solutions and comprehensive support services, NHTH contributes significantly to breaking the cycle of homelessness, aiding families in building sustainable futures, and positively impacting the community as a whole. The organization's work helps to restore dignity and independence to those it serves, ultimately leading to stronger and more resilient families.
This information is meant to be a general summary of New Hope Transitional Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $17,983,951
Assets and Liabilities:
- Total Assets: $1,538,357
- Total Liabilities: $1,533,425
- Net Assets: $4,932
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Organization Details
Founding Year
2009
Phone
(929) 604-0002Principal Officer
Mordechai Ehrman
Main Address
1540 WATSON AVE, BRONX, NY, 10472
NTEE Category
Code: L41 - Housing
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