New Beginnings Inc
- Assets
- $7.0m
- Revenue
- $1.9m
- Investments
- $16.7k
- Employees
- 91
- Location
- Hutchinson, KS
- Founding
- 06/1989
- Data as of
- 12/2021
- 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 12/2021, New Beginnings Inc employed 91 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 12/2021, New Beginnings Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 13.1% 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shara Gonzales President & CEO | OfficerTrustee | 40 | $49,616 |
Brad Dillon Chairperson | OfficerTrustee | 5 | $0 |
Cheri Fahrbach Treasurer | OfficerTrustee | 5 | $0 |
Robert Fee Director | Trustee | 2 | $0 |
Michael Garrett Director | Trustee | 2 | $0 |
Charles Erdman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $898,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,114,172 |
| Total Program Service Revenue | $754,338 |
| 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 | $1,937,363 |
| 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. | $49,616 |
| Compensation of current officers, directors, key employees. | $49,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $804,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,642 |
| Payroll taxes | $77,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,247 |
| Office expenses | $154,856 |
| Information technology | $29,249 |
| Royalties | $0 |
| Occupancy | $191,789 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $535 |
| Interest | $115,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,219 |
| Insurance | $89,334 |
| All other expenses | $24,757 |
| Total functional expenses | $1,843,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,100 |
| Accounts receivable, net | $69,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $600,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,747,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,653 |
| Investments—program-related | $644,262 |
| Intangible assets | $0 |
| Other assets | $796,869 |
| Total assets | $6,954,387 |
| Accounts payable and accrued expenses | $665,329 |
| 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 | $2,188,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,133 |
| Total liabilities | $2,875,534 |
| Net assets without donor restrictions | $3,893,441 |
| Net assets with donor restrictions | $185,412 |
| 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 | $6,954,387 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New Beginnings Inc has recieved totaling $846,050.
| Awarding Organization | Amount |
|---|---|
Hutchinson Community Foundation Hutchinson, KS PURPOSE: HUMAN SERVICES | $837,650 |
First National Bank Of Hutchinson Trustee Of The Herman Stallman Hutchinson, KS PURPOSE: HOMELESS SHELTER | $7,900 |
Commerce Foundation Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
24 1 Community Land Trust Pine Lawn, MO | $28,090,880 | $9,459,445 |
House Of David Preservation Inc Kansas City, MO | $38,466,144 | $5,021,226 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |