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New Futures Inc

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

EIN: 631177793 ✦ Huntsville, AL ✦ Designated as a 501(c)(3)

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Overview

What is New Futures Inc?

New Futures Inc, located in Huntsville, Alabama, is a nonprofit organization with a focus on providing transitional housing to families. Their primary mission is to support long-term housing solutions that foster independence, self-reliance, and a positive outlook on the future for their clients. The organization, with a team of three employees, operates within the PO Box 11907 address in Huntsville. Their services aim to help families maintain their unity during the transition period, ultimately empowering them to lead self-sufficient lives.


Official website here: www.newfuturesinc.com

Is New Futures Inc legitimate?

New Futures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Futures 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: $110,941

For more financial information, click here


Official website here: www.newfuturesinc.com

What is the mission statement of New Futures Inc?

New Futures Inc, as an organization, is committed to supporting long-term transitional housing. Their mission is to encourage clients to become independent, self-reliant, and maintain a positive outlook towards their future. This is achieved by providing a shelter program that offers transitional housing, enabling families to stay together during this transition period.


Official website here: www.newfuturesinc.com

Who is the CEO of New Futures Inc?

Lou Justice is the Treasurer of New Futures Inc.


Official website here: www.newfuturesinc.com

What is the revenue of New Futures Inc?

New Futures Inc's revenue in 2022 was $397,949.


Official website here: www.newfuturesinc.com

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

The average compensation at New Futures Inc during 2022 was $36,980. There are 3 employees and 242 volunteers at New Futures Inc.


Here are 10 key members and their salaries:


Lou Justice (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Dwyer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Davis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynell Moore (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Bender (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Parsons (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Copeland (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tanya Rains (Executive Di)
  • Compensation: $51,047
  • Related: $0
  • Other: $0
Patty Matice (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barrion Palmer (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.newfuturesinc.com

Where can I find the form 990 for New Futures Inc?

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


Official website here: www.newfuturesinc.com

Learn more at the official website: www.newfuturesinc.com

Mission Statement of New Futures Inc

New Futures Inc, a nonprofit organization, is committed to supporting long-term transitional housing. Their mission is to encourage the individuals they serve to become independent, self-reliant, and maintain a positive outlook on their future. By providing this transitional housing, New Futures Inc aims to help families stay together, fostering an environment that nurtures personal growth and development. The organization's goal is to empower its clients, guiding them towards a life of self-sufficiency and hope for a better future.

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Impact




October, 2024

New Futures Inc has a significant impact on the community by providing long-term transitional housing designed to foster independence and self-reliance among its clients. Located in Huntsville, AL, the organization operates a shelter program that prioritizes keeping families together, which is crucial for emotional stability and personal growth. Through its support services, New Futures empowers individuals to develop a positive outlook towards their future, breaking the cycle of dependency and promoting sustainable living. This commitment not only helps families regain their footing but also strengthens the community as a whole by nurturing resilient, self-sufficient members.




This information is meant to be a general summary of New Futures 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
$397,949 (2022)
Expenses
$328,760 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $161
  • Program Service Revenue: $10,213
  • Gross Receipts: $397,949

Assets and Liabilities:

  • Total Assets: $543,517
  • Total Liabilities: $358,750
  • Net Assets: $184,767

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Programs

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

RESIDENTS PAYMENTS

Revenue

$8,463

OTHER

Revenue

$1,750

Organization Details

Founding Year

1996

Principal Officer

Lou Justice

Main Address

PO BOX 11907, HUNTSVILLE, AL, 35814

NTEE Category

Code: P850 - Human services

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