Rochester New Hope Corporation
- Assets
- $278.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 04/1994
- Data as of
- 09/2022
- EIN
- 41-1766953
Organization Overview
Rochester New Hope Corporation is located in Rochester, MN. The organization was established in 1994. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester New Hope Corporation 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 09/2022, Rochester New Hope Corporation generated $63.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $84.4k during the year ending 09/2022. While expenses have increased by 2.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
AN INDEPENDENT LIVING FACILITY OFFERING RESIDENTIAL SERVICES TO LOW-INCOME OR HANDICAPPED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Podulke Chair | 5 | $0 | |
Mark Thein Vice Chair | 1 | $0 | |
Gregg Wright Director | 1 | $0 | |
Ken Brown Director | 1 | $0 | |
Matt Flynn Director | 1 | $0 | |
Jim Bier Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $62,400 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,011 |
| Total Revenue | $63,423 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,035 |
| Professional fees and other payments to independent contractors | $19,079 |
| Occupancy, rent, utilities, and maintenance | $37,056 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,215 |
| Total expenses | $84,385 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,945 |
| Other assets | $0 |
| Total assets | $278,391 |
| Total liabilities | $10,949 |
| Net assets or fund balances | $267,442 |
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