New Beginnings Inc
- Assets
- $7.9m
- Revenue
- $2.2m
- Investments
- $13.9k
- Employees
- 113
- Location
- Hutchinson, KS
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 48-1056141
Organization Overview
New Beginnings Inc is located in Hutchinson, KS. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, New Beginnings Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginnings 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 12/2022, New Beginnings Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 12.7% per year over the past 8 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 SHELTER AND REBUILD HUMAN LIVES WHILE FOSTERING AFFORDABLE HOUSING IN THE STATE OF KANSAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EMERGENCY, TRANSITIONAL, AND AFFORDABLE PERMANENT HOUSING FOR DISPLACED AND LOW-INCOME PEOPLE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shara Gonzales President & CEO | OfficerTrustee | 40 | $49,632 |
Brad Dillon Chairperson | OfficerTrustee | 5 | $0 |
Andreas Meyer Treasurer/sec | OfficerTrustee | 5 | $0 |
Jeanne Parsons Director | Trustee | 2 | $0 |
Fran Conklin Director | Trustee | 2 | $0 |
Robert Fee Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $252,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $634,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $886,793 |
| Total Program Service Revenue | $937,877 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,196,409 |
| 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. | $49,632 |
| Compensation of current officers, directors, key employees. | $49,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $806,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $79,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $176,487 |
| Information technology | $55,999 |
| Royalties | $0 |
| Occupancy | $276,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,394 |
| Interest | $120,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,898 |
| Insurance | $105,331 |
| All other expenses | $16,549 |
| Total functional expenses | $2,027,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,874 |
| 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 | $6,707,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,914 |
| Investments—program-related | $449,722 |
| Intangible assets | $0 |
| Other assets | $344,895 |
| Total assets | $7,850,469 |
| Accounts payable and accrued expenses | $763,210 |
| 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 | $2,720,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,268 |
| Total liabilities | $3,602,297 |
| Net assets without donor restrictions | $4,104,500 |
| Net assets with donor restrictions | $143,672 |
| 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 | $7,850,469 |