Overview
What is New Hope Housing Inc?
New Hope Housing Inc is a dedicated nonprofit organization situated in Houston, committed to supporting individuals with minimal income levels. Their primary objective is to offer life-sustaining, affordable, and permanent housing, complemented by essential support services. The organization aims to be a long-term institution serving Houston's most vulnerable residents, demonstrating a deep-rooted commitment to their community's welfare.
Official website here: www.newhopehousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
New Hope Housing Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance, with a score of 88%. The organization demonstrates robust governance, as evidenced by its 100% independent board members and comprehensive fiscal policies. Additionally, the charity shows high efficiency in fundraising, leveraging a favorable ratio that indicates a low cost to raise funds.
In terms of community engagement, New Hope Housing Inc also scores well (86%), showcasing effective feedback mechanisms and responsiveness to constituent needs. The organization appears to actively seek and utilize feedback, which is crucial for adapting and improving its services. The scores on equity strategies and data show room for improvement, with both receiving a score of 79 out of 100, suggesting that while the charity is making progress, there are still areas to develop regarding equity and inclusion.
Overall, New Hope Housing Inc is well-regarded in terms of financial health and community accountability but faces challenges in enhancing its equity strategies. The charity's commitment to transparency and effective governance positions it strongly in the nonprofit sector, making it a reputable choice for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Housing Inc legitimate?
New Hope Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope 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: $536,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,074,425
For more financial information, click here
Official website here: www.newhopehousing.com
What is the mission statement of New Hope Housing Inc?
New Hope Housing Inc is committed to providing stable, affordable housing and essential support services for individuals with extremely limited income levels. The organization aims to serve as a lasting institution, dedicated to assisting some of society's most vulnerable people. Their mission is to offer permanent housing, along with necessary aid, to those who struggle financially. By doing so, they strive to contribute positively to their community and improve the lives of those in need.
Official website here: www.newhopehousing.com
Who is the CEO of New Hope Housing Inc?
Joy Horak-Brown is the President & Ceo of New Hope Housing Inc. The CEO's salary of New Hope Housing Inc is $189,677 and their total compensation is $303,063.
Official website here: www.newhopehousing.com
What is the revenue of New Hope Housing Inc?
New Hope Housing Inc's revenue in 2022 was $4,747,272.
Official website here: www.newhopehousing.com
Who are the executives of New Hope Housing Inc and what are their salaries?
The average compensation at New Hope Housing Inc during 2022 was $9,204. There are 175 employees and 157 volunteers at New Hope Housing Inc.
Here are 26 key members and their salaries (New Hope Housing Inc's CEO's salary is $189,677 and their total compensation is $303,063):
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- Compensation: $189,677
- Related: $112,401
- Other: $985
- Compensation: $92,973
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- Other: $8,448
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- Other: $8,446
- Compensation: $141,600
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- Other: $12,024
- Compensation: $113,750
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- Other: $5,754
Official website here: www.newhopehousing.com
Where can I find the form 990 for New Hope Housing Inc?
New Hope Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newhopehousing.com
Learn more at the official website: www.newhopehousing.com
Mission Statement of New Hope Housing Inc
New Hope Housing Inc is dedicated to making a significant impact in the lives of individuals with limited income by offering them life-stabilizing and affordable permanent housing, accompanied by essential support services. This nonprofit organization aims to serve as a long-lasting institution, catering to Houston's most vulnerable citizens, providing them with a safe and secure living environment. By doing so, New Hope Housing Inc strives to contribute positively to the community and improve the overall quality of life for its residents.
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Impact
July, 2024
New Hope Housing Inc provides life-stabilizing, affordable housing and support for individuals with very limited incomes in Houston, TX. Their impact is significant in addressing the housing needs of the city's most vulnerable citizens, offering a pathway to stability and a better quality of life for those facing economic challenges. Through their mission to provide affordable, permanent housing with support services, New Hope Housing Inc is making a tangible difference in the lives of individuals who would otherwise struggle to find safe and secure housing options. Their commitment to serving Houston's most vulnerable population demonstrates a dedication to improving the well-being of the community.
This information is meant to be a general summary of New Hope 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.
- Investment Income: $339,735
- Program Service Revenue: $869,594
- Gross Receipts: $5,280,055
Assets and Liabilities:
- Total Assets: $68,543,203
- Total Liabilities: $8,474,732
- Net Assets: $60,068,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fees
Revenue
$572,451
Program-related interest
Revenue
$297,143
Organization Details
Founding Year
1993
Phone
(713) 222-0290Principal Officer
Joy Horak-Brown
Main Address
3315 Harrisburg Blvd 400, Houston, TX, 77003
Website
www.newhopehousing.comNTEE Category
Code: L20Z - Housing
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