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New Hope Apartments Inc

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

EIN: 621768268 ✦ Hohenwald, TN ✦ Designated as a 501(c)(3)

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Overview

What is New Hope Apartments Inc?

New Hope Apartments Inc is a nonprofit organization based in Hohenwald, Tennessee. It operates a 19-unit residential housing project specifically designed to cater to the needs of physically disabled and chronically mentally ill individuals. This project is the organization's sole program service, and it is their mission to provide a supportive living environment for these individuals, ensuring they have access to a safe and comfortable home. The organization, with a small workforce of just two employees, is dedicated to enhancing the quality of life for these individuals and promoting their overall well-being.

Is New Hope Apartments Inc legitimate?

New Hope Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,731

For more financial information, click here

What is the mission statement of New Hope Apartments Inc?

New Hope Apartments Inc is dedicated to serving physically disabled and chronically mentally ill individuals through a residential housing project. Their mission is to operate a 19-unit housing facility, located in an unspecified location, providing a safe and supportive living environment for these individuals. The organization's primary goal is to enhance the quality of life for these individuals, offering them a place to call home. Their sole program and service is this housing project, which aims to provide a sense of community and independence for the residents.

Who is the CEO of New Hope Apartments Inc?

Debbie Neely is the President of New Hope Apartments Inc.

What is the revenue of New Hope Apartments Inc?

New Hope Apartments Inc's revenue in 2022 was $134,981.

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

The average compensation at New Hope Apartments Inc during 2022 was $13,366. There are 2 employees at New Hope Apartments Inc.


Here are 6 key members and their salaries:


John Galbreath (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Galbreath (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melody Basinger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Mayberry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry T Risner (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for New Hope Apartments Inc?

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

Mission Statement of New Hope Apartments Inc

New Hope Apartments Inc is dedicated to providing residential housing for individuals who are physically disabled and chronically mentally ill. This nonprofit organization operates a 19-unit housing project, serving as a sanctuary for those in need. Their mission is to create an environment where these individuals can live with dignity and independence, offering them the support they require to lead fulfilling lives. By operating this residential housing project, New Hope Apartments Inc is making a significant impact in the lives of those who are often overlooked and underserved in society.

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Impact




October, 2024

New Hope Apartments Inc significantly enhances the quality of life for individuals facing physical disabilities and chronic mental illnesses by providing secure and supportive housing in Lawrenceburg, Tennessee. Operating a dedicated 19-unit residential housing project, the organization creates a safe and comfortable environment tailored specifically for its residents' needs.

The impact of New Hope Apartments extends beyond mere housing; it fosters a sense of community and belonging for its residents, many of whom may struggle with social isolation. By offering stable living conditions, the organization helps individuals regain independence and dignity, empowering them to participate more fully in society. Access to this type of housing is crucial, as it allows residents to focus on their health and well-being while alleviating the stresses and challenges associated with unstable living situations.

Through its focused mission, New Hope Apartments Inc plays a vital role in addressing the housing needs of vulnerable populations, ultimately contributing to their overall mental and emotional health. By maintaining a specialized environment that caters to the unique challenges faced by physically disabled and mentally ill individuals, the organization not only meets an essential need but also promotes inclusivity and understanding within the broader community.




This information is meant to be a general summary of New Hope Apartments 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
$134,981 (2022)
Expenses
$165,380 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5
  • Program Service Revenue: $67,278
  • Gross Receipts: $134,981

Assets and Liabilities:

  • Total Assets: $499,717
  • Total Liabilities: $89,002
  • Net Assets: $410,715

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Programs

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

ROOM AND BOARD FEES

Revenue

$67,278

Organization Details

Founding Year

2000

Principal Officer

Debbie Neely

Main Address

PO BOX 879, HOHENWALD, TN, 38462

NTEE Category

Code: L20 - Housing

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