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House Of New Hope Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311391448 ✦ St louisville, OH ✦ Designated as a 501(c)(3)

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Overview

What is House Of New Hope Inc?

House of New Hope Inc is a compassionate nonprofit organization based in St. Louisville, Ohio. With a dedicated workforce of 37 individuals, their mission is to demonstrate the love and compassion of Jesus Christ by safeguarding and improving the well-being of individuals from diverse backgrounds throughout their lives. Their unique Trauma-Informed Treatment Foster Care Program stands out, offering a harmonious blend of the nurturing environment of foster care and the structured therapy of residential treatment centers. This program provides individualized, intensive treatment to about 225 traumatized children annually, aged from birth to 21 years, who require substitute care due to neglect, abuse, or behavioral disorders. The program's impressive outcomes include maintaining children's safety, reducing absenteeism, and achieving timely reunification and minimal placement instability.


Official website here: www.houseofnewhope.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

House Of New Hope Inc has achieved an impressive 96% score, reflecting strong performance in Accountability and Finance. This high rating signifies the organization’s commitment to transparency and effective financial management, with robust governance structures in place, including a majority of independent board members and a well-functioning audit committee.

The organization excels in several key areas such as having a low liabilities to assets ratio, indicating sound financial health. Additionally, it maintains a high program expense ratio, ensuring that a significant portion of funding is directed towards its mission-related activities. Policies regarding conflict of interest, whistleblower protections, and document retention further enhance its operational integrity.

While the ratings highlight substantial strengths, the data does not provide insights into the organization's programmatic impact or community feedback, which are important for assessing overall effectiveness. Nevertheless, the strong financial and governance scores suggest that House Of New Hope Inc is well-managed and committed to its charitable objectives.


This AI summary has been generated from information found on Charity Navigator.

Is House Of New Hope Inc legitimate?

House Of New Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. House Of New Hope 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: $360,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $935,792

For more financial information, click here


Official website here: www.houseofnewhope.org

What is the mission statement of House Of New Hope Inc?

House of New Hope Inc's mission is to demonstrate the love and compassion of Jesus Christ by safeguarding and enhancing the safety and well-being of individuals from diverse backgrounds throughout their lives. This is achieved through the integration of Christian faith and professional practice in all agency services. One of their significant programs is the trauma-informed treatment foster care, which provides a unique blend of foster care and residential treatment center environments, offering individualized and intensive treatment for traumatized children. House of New Hope Inc's foster care program serves over 225 children annually, protecting them from abuse and neglect while maintaining an impressive record of child safety and stability.


Official website here: www.houseofnewhope.org

Who is the CEO of House Of New Hope Inc?

Shirley Sharp Executive Direc is the Chief Financial Officer of House Of New Hope Inc.


Official website here: www.houseofnewhope.org

What is the revenue of House Of New Hope Inc?

House Of New Hope Inc's revenue in 2022 was $3,557,148.


Official website here: www.houseofnewhope.org

Who are the executives of House Of New Hope Inc and what are their salaries?

The average compensation at House Of New Hope Inc during 2022 was $35,041. There are 37 employees and 4 volunteers at House Of New Hope Inc.


Here are 7 key members and their salaries:


J Edward Sharp (Chief Financial Officer)
  • Compensation: $130,427
  • Related: $0
  • Other: $16,367
Shirley Sharp (Executive Director)
  • Compensation: $126,608
  • Related: $0
  • Other: $19,945
Sharon Simmons (Coo, Administrator/Secretary)
  • Compensation: $107,268
  • Related: $0
  • Other: $5,064
Virgil Hatch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Stone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Searle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Konrod Morris (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.houseofnewhope.org

Where can I find the form 990 for House Of New Hope Inc?

House Of New Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.houseofnewhope.org

Learn more at the official website: www.houseofnewhope.org

Mission Statement of House Of New Hope Inc

House of New Hope Inc is committed to demonstrating the love and compassion of Jesus Christ by protecting and enhancing the safety and well-being of individuals from all backgrounds throughout their lifespan. Their mission is to integrate the Christian faith and professional practice into all of their agency services, aiming to provide a comprehensive and caring environment for those in need.

One of the key initiatives of House of New Hope Inc is their Trauma-Informed Treatment Foster Care program. This unique model of care combines the nurturing and therapeutic family environment of foster care with active and structured trauma-informed treatment. The program serves over 225 traumatized children each year, ranging in age from birth to 21, who require substitute care due to neglect, abuse, or behavioral disorders. The program has achieved impressive results, with a 100% success rate in keeping children safe from abuse and neglect, low rates of absenteeism, and high rates of placement stability.

In summary, House of New Hope Inc is a compassionate organization that seeks to protect and enhance the well-being of individuals from all backgrounds. Through their Trauma-Informed Treatment Foster Care program, they provide a unique and effective solution for children in need of substitute care due to trauma, achieving impressive results in keeping children safe and providing them with a stable and supportive environment.

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Impact




October, 2024

House of New Hope Inc significantly impacts the lives of marginalized youth by providing a specialized trauma-informed treatment foster care program. This unique model merges the nurturing environment of traditional foster care with the structured therapeutic support typically found in residential treatment centers.

Each year, the organization serves over 225 children and adolescents, ranging from infancy to 21 years old, who are in need of substitute care due to neglect, abuse, or behavioral disorders. The program not only prioritizes their safety and well-being but also facilitates individualized, intensive treatment that helps these children heal and thrive.

Remarkably, House of New Hope boasts an impressive safety record, with 100% of youth under its care protected from further abuse or neglect. The organization also excels in maintaining placement stability, ranking in the top percentiles for both short- and long-term placements across Franklin and Cuyahoga Counties. This commitment to child safety and stability creates an environment where young people can focus on their healing and development, rather than the upheaval often associated with foster care placements.

Moreover, the emphasis on timely reunification and low recidivism rates demonstrates the organization's effectiveness in transitioning youth back to stable environments, ensuring that their needs are met in a compassionate and faith-integrated manner. In doing so, House of New Hope not only uplifts individual lives but also strengthens families and communities as a whole.




This information is meant to be a general summary of House Of New Hope 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.

Revenue
$3,557,148 (2022)
Expenses
$3,704,717 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,808
  • Program Service Revenue: $3,488,133
  • Gross Receipts: $3,557,148

Assets and Liabilities:

  • Total Assets: $2,688,765
  • Total Liabilities: $604,082
  • Net Assets: $2,084,683

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FOSTER CARE

Revenue

$2,902,852

SPECIAL POPULATION

Revenue

$339,098

BEHAVIORAL HEALTH

Revenue

$178,488

ADOPTION

Revenue

$12,550

PROVIDER RELIEF FUNDS

Revenue

$55,145

Organization Details

Founding Year

1992

Principal Officer

Shirley Sharp Executive Direc

Main Address

8135 MT VERNON ROAD, ST LOUISVILLE, OH, 430719670

NTEE Category

Code: P300 - Human services

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