New Hope Apartments Inc

Organization Overview

New Hope Apartments Inc is located in Hohenwald, TN. The organization was established in 1999. 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 06/2021, New Hope Apartments Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Apartments 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 06/2021, New Hope Apartments Inc generated $133.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $163.7k during the year ending 06/2021. While expenses have increased by 0.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RESIDENTIAL HOUSING PROJECT. THE ORGANIZATION OPERATES A 19-UNIT HOUSING PROJECT IN LAWRENCEBURG, TENNESSEE FOR THE BENEFIT OF PHYSICALLY DISABLED AND CHRONICALLY MENTALLY ILL PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION OPERATES A 19-UNIT HOUSING PROJECT IN LAWRENCEBURG, TENNESSEE FOR THE BENEFIT OF PHYSICALLY DISABLED AND CHRONICALLY MENTALLY ILL PERSONS. THIS IS THE ORGANIZATIONS ONLY PROGRAM SERVICE.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$70,181
Investment income $4
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 $133,397

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