New Hope Family Shelter Inc
- Assets
- $5.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 44
- Location
- Bloomington, IN
- Founding
- 06/2011
- Data as of
- 06/2022
- EIN
- 27-5077191
Organization Overview
New Hope Family Shelter Inc is located in Bloomington, IN. The organization was established in 2011. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, New Hope Family Shelter Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Family Shelter 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 06/2022, New Hope Family Shelter Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 25.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YEAR ROUND TEMPORARY SHELTER FOR HOMELESS FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE YEAR ROUND TEMPORARY SHELTER FOR HOMELESS FAMILIES.
WE PROVIDE CHILD CARE AND FAMILY SERVICES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Allard President | Officer | 10 | $0 |
Sherry Dunbar-Kruzan Vice President | Officer | 10 | $0 |
Neil Powell Treasurer | Officer | 10 | $0 |
John C Hurlow Secretary | Officer | 10 | $0 |
Steve Dyer Director | Trustee | 2 | $0 |
Susanne Fuson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,618,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,003,356 |
| Total Program Service Revenue | $128,085 |
| Investment income | $533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,205,622 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $676,098 |
| Pension plan accruals and contributions | $10,251 |
| Other employee benefits | $73,155 |
| Payroll taxes | $42,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,756 |
| Fees for services: Accounting | $3,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $840 |
| Advertising and promotion | $47,412 |
| Office expenses | $3,311 |
| Information technology | $30,522 |
| Royalties | $0 |
| Occupancy | $50,801 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,868 |
| Insurance | $23,539 |
| All other expenses | $53,836 |
| Total functional expenses | $1,408,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,117 |
| Savings and temporary cash investments | $532,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,115 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,524,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $44,827 |
| Other assets | $0 |
| Total assets | $5,839,076 |
| Accounts payable and accrued expenses | $408,083 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,150,578 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,558,661 |
| Net assets without donor restrictions | $3,280,415 |
| Net assets with donor restrictions | $0 |
| 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 | $5,839,076 |