Overview
What is Project New Hope?
Project New Hope is a nonprofit organization based in Glendale, California, specifically at 601 East Glenoaks Blvd STE 100. Their primary mission is to provide affordable housing and support for low-income and homeless individuals, particularly those living with HIV/AIDS and seniors. They have developed and managed several projects, including a 22-unit and a 4-unit low-income rental housing project in Los Angeles, specifically dedicated to individuals affected by HIV/AIDS and their families. Additionally, they control Palos Verdes Street, LP, which provides low-income rental housing in Los Angeles County, including the San Pedro New Hope Courtyard Apartments. Project New Hope operates under a regulatory agreement with the City and County of Los Angeles, restricting the properties as low-income housing. The organization employs around 50 individuals in their mission to support vulnerable communities.
Official website here: www.projectnewhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star rating
Project New Hope has received a Three-Star rating from Charity Navigator, with a solid score of 81% based entirely on its Accountability & Finance performance. This rating reflects the organization’s commitment to transparency, financial health, and governance, indicating it meets high standards of accountability in its operations.
The organization demonstrates strong governance practices, featuring a fully independent board with no conflicts of interest. It has implemented key policies effectively, including conflict of interest and whistleblower policies, contributing to its positive assessment. Moreover, Project New Hope allocates an impressive 98.31% of its expenses directly to programs, showcasing its dedication to fulfilling its mission.
However, while the financials show commendable performance, the rating is solely based on Accountability & Finance, meaning that other areas such as program impact and community feedback were not evaluated. Potential donors or supporters may want to seek additional information about the organization's effectiveness in achieving its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Project New Hope legitimate?
Project New Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project New Hope 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: $142,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,944,827
For more financial information, click here
Official website here: www.projectnewhope.org
What is the mission statement of Project New Hope?
Project New Hope is a non-profit organization dedicated to providing affordable housing and support for low-income individuals, the homeless, and seniors, particularly those living with HIV/AIDS. Their mission is to develop and offer permanent and transitional supportive housing, aiming to assist chronically homeless individuals and families with disabilities. They operate a 22-unit and a 4-unit low-income rental housing project in Los Angeles, California, specifically for individuals affected by HIV/AIDS and their families. Additionally, Project New Hope manages and controls Palos Verdes Street, LP, which offers low-income rental housing in Los Angeles County, including the San Pedro New Hope Courtyard Apartments. A regulatory agreement with the City and County of Los Angeles restricts the use of these properties as low-income housing.
Official website here: www.projectnewhope.org
What is the revenue of Project New Hope?
Project New Hope's revenue in 2024 was $4,972,032.
Official website here: www.projectnewhope.org
Who are the executives of Project New Hope and what are their salaries?
The average compensation at Project New Hope during 2024 was $35,987. There are 58 employees and 3 volunteers at Project New Hope.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $142,410
- Related: $0
- Other: $3,600
Official website here: www.projectnewhope.org
Where can I find the form 990 for Project New Hope?
Project New Hope's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.projectnewhope.org
Learn more at the official website: www.projectnewhope.org
Mission Statement of Project New Hope
Project New Hope is a non-profit organization with a mission to develop and provide affordable, supportive housing for low-income individuals, homeless people, and seniors living with HIV/AIDS. Their primary goal is to create permanent and transitional housing solutions for this vulnerable population, offering them a safe and stable living environment. Project New Hope manages several low-income rental housing projects in Los Angeles, California, including a 22-unit and a 4-unit complex, both dedicated to individuals and families affected by HIV/AIDS. Additionally, they manage Palos Verdes Street, LP, which provides low-income rental housing in Los Angeles County, and includes the San Pedro New Hope Courtyard Apartments, a 10-unit project located in Los Angeles. Through these initiatives, Project New Hope aims to provide essential housing support for individuals and families in need, helping them overcome the challenges associated with homelessness and HIV/AIDS.
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Impact
July, 2024
Project New Hope's impact is significant in providing affordable housing and support for low-income and homeless individuals with HIV/AIDS and seniors. Through the development and operation of low-income rental housing projects in Los Angeles, California, including units dedicated to persons affected with HIV/AIDS and their families, Project New Hope is making a tangible difference in the lives of those in need. Additionally, their management of Palos Verdes Street, LP, which provides low-income rental housing in Los Angeles County, further expands their reach in supporting vulnerable populations. Project New Hope's commitment to providing permanent and transitional supportive housing to those in need aligns with their mission to help individuals and families facing challenges such as HIV/AIDS and homelessness.
This information is meant to be a general summary of Project New Hope. 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 2024.
- Investment Income: $155,955
- Program Service Revenue: $868,214
- Gross Receipts: $4,972,032
Assets and Liabilities:
- Total Assets: $10,144,967
- Total Liabilities: $9,558,281
- Net Assets: $586,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENTS
Revenue
$641,686
PROGRAM MANAGEMENT REV
Revenue
$192,462
PROPERTY MANAGEMENT FE
Revenue
$34,066
Organization Details
Founding Year
1990
Principal Officer
Brigitte Tweddell
Website
www.projectnewhope.orgNTEE Category
Code: G81Z - Disease
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