New Hope Community Inc
- Assets
- $61.8m
- Revenue
- $62.5m
- Investments
- $0.0
- Employees
- 1,689
- Location
- Loch Sheldrake, NY
- Founding
- 05/1988
- Data as of
- 12/2023
- EIN
- 22-2871755
Organization Overview
New Hope Community Inc is located in Loch Sheldrake, NY. The organization was established in 1988. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, New Hope Community Inc employed 1,689 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Community Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, New Hope Community Inc generated $62.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $60.8m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIVES OF PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES - TO PROVIDE RESIDENCES TO PEOPLE WITH DISABILITIES INCLUDING SUPERVISION AND HABILITATION. RESIDENTIAL SERVICES INCLUDE INTERMEDIATE CARE FACILITIES AND INDIVIDUALIZED RESIDENTIAL ALTERNATIVES.
OTHER SERVICES - COMMUNITY HABILITATION, FISCAL INTERMEDIARY, RESPITE, DAY HABILITATION AND OTHER SERVICES TO PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aleta Lymon Director | Trustee | 0.3 | $0 |
Amanda Langseder Director | Trustee | 0.3 | $0 |
Bruce Ellsweig Director | Trustee | 0.3 | $0 |
Erik Vadeika Director | Trustee | 0.3 | $0 |
Gary Silver Director | Trustee | 0.3 | $0 |
Jay Quaintance Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Superior Surfacing Systems Ltd Driveway Repairs | 12/30/23 | $202,360 |
Cbiz Marks Paneth Llp Accounting Services | 12/30/23 | $114,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $53,000 |
| Government grants | $3,056,810 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,174,200 |
| Total Program Service Revenue | $57,732,558 |
| Investment income | $1,176,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$96,707 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,537,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,238,647 |
| Compensation of current officers, directors, key employees. | $1,134,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,312,121 |
| Pension plan accruals and contributions | $792,237 |
| Other employee benefits | $3,728,378 |
| Payroll taxes | $3,576,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,660 |
| Fees for services: Accounting | $87,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,911 |
| Fees for services: Other | $888,448 |
| Advertising and promotion | $76,480 |
| Office expenses | $260,491 |
| Information technology | $643,956 |
| Royalties | $0 |
| Occupancy | $1,149,362 |
| Travel | $13,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,566 |
| Interest | $79,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,140,155 |
| Insurance | $582,182 |
| All other expenses | $1,667,278 |
| Total functional expenses | $60,754,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,750 |
| Savings and temporary cash investments | $18,886,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,158,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $434,335 |
| Net Land, buildings, and equipment | $9,393,111 |
| Investments—publicly traded securities | $24,381,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,539,060 |
| Total assets | $61,795,260 |
| Accounts payable and accrued expenses | $5,164,389 |
| Grants payable | $0 |
| Deferred revenue | $4,755,130 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,374,267 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,433,226 |
| Total liabilities | $13,727,012 |
| Net assets without donor restrictions | $48,058,248 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $61,795,260 |