Ph New Markets Inc

Organization Overview

Ph New Markets Inc is located in Cleveland, OH. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, 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. Ph New Markets 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 12/2023, Ph New Markets Inc generated $320.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $599.0k during the year ending 12/2023. While expenses have increased by 17.9% per year over the past 2 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

PH NEW MARKETS INC WAS CREATED TO ACQUIRE, LEASE, HOLD, CONSTRUCT, DEVELOP(CONTINUED ON SCHEDULE O) MAINTAIN AND OPERATE A CRISIS NURSERY FACILITY FOR THE BENEFIT OF PROVIDENCE HOUSE, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PH NEW MARKETS INC IS A SUPPORTING ENTITY OF PROVIDENCE HOUSE INC WHO FOR NEARLY 41 YEARS, HAS BEEN DEDICATED TO PROVIDING CHILDREN AND FAMILIES IN OUR COMMUNITY WITH PROVEN PROTECTION AND SUPPORT SO THEY CAN REUNITE SAFER, STRONGER, AND WITH MORE STABILITY. ON OUR 30 BED CAMPUS (20 BEDS IN OUR CRISIS NURSERY AND 10 BEDS IN OUR PEDIATRIC CRISIS NURSERY), CHILDREN, AGED NEWBORN THROUGH TWELVE, FIND SAFETY AND COMFORT IN A HOME-LIKE SETTING WHILE WE COORDINATE AND CONNECT FAMILIES TO PARTNER COMMUNITY ORGANIZATIONS TO STABILIZE THEIR CRISES, IMPROVE PARENTING SKILLS, AND PRESERVE THE FAMILY OR FIND ALTERNATIVE LONG-TERM CARE FOR CHILDREN. IN RECENT YEARS, PROVIDENCE HOUSE HAS EXPANDED THE SERVICES WE PROVIDE TO FAMILIES IN THE COMMUNITY WHO DO NOT CURRENTLY HAVE CHILDREN STAYING ON OUR CAMPUS. IN (CONTINUED ON SCHEDULE O) FISCAL YEAR 2022-2023, 1,077 CHILDREN AND FAMILIES WERE SERVED BETWEEN ALL OF OUR PROGRAMS. FAMILIES TURN TO PROVIDENCE HOUSE WHEN THEY ARE EXPERIENCING CRISES THAT MAY PUT THEIR CHILDREN AT RISK OF ABUSE OR NEGLECT TO RECEIVE CRITICAL SUPPORT DURING THEIR TIME OF NEED. LAST YEAR IN OUR CRISIS NURSERIES, 203 CHILDREN WERE ADMITTED INTO OUR CARE AND PROVIDED WITH 3,267 DAYS OF CARE (195 CHILDREN WERE SERVED THROUGH OUR TRADITIONAL SERVICES AND 8 WERE SERVED THROUGH OUR EMERGENCY PLACEMENT PROGRAM IN PARTNERSHIP WITH THE DIVISION OF CHILDREN AND FAMILY SERVICES). ADDITIONALLY, FAMILIES FROM THROUGHOUT THE GREATER CLEVELAND AREA PARTICIPATED IN OUR FAMILY PRESERVATION SERVICES DURING THEIR CHILD'S STAY WHICH INCLUDED 687 PARENT VISITS, 321 REFERRALS FOR ADDITIONAL SERVICES, 616 CASE MANAGEMENT CONTACT HOURS, 189 SUPPORT SESSIONS AND 162 BUS PASSES TO HELP WITH ACCESSING SERVICES. THROUGH OUR UNIQUE, MULTI-GENERATIONAL CRISIS NURSERY MODEL, 99% OF CHILDREN WERE REUNITED WITH THEIR PARENT OR GUARDIAN AND 97% OF FAMILIES WERE FULLY ENGAGED IN RECOMMENDED VISITATION, CASE MANAGEMENT, AND SUPPORT SESSIONS. IN ADDITION, 65 FAMILIES PARTICIPATED IN OUR VOLUNTARY TWELVE MONTH AFTERCARE PROGRAM, INCLUDING WEEKLY GROUP PARENT EDUCATION AND INDIVIDUAL CASE MANAGEMENT SUPPORT. LAST YEAR WE REACHED AN ADDITIONAL 326 FAMILIES WORKING WITH PARTNER AGENCIES WITH 1,428 BASIC NEED ITEMS WITH OUR COMMUNITY REFERRAL PROGRAM. THROUGH OUR COMMUNITY EDUCATION AND RESILIENCY PROGRAM, 30 FAMILIES RECEIVED INDIVIDUALIZED CASE MANAGEMENT, GROUP PARENT EDUCATION AND TRAUMA SERVICES DELIVERED ON LOCATION AT PARTNER AGENCIES TO PREVENT OR DEESCALATE CRISIS. PROVIDENCE HOUSE IS PRIMARILY FUNDED THROUGH PRIVATE DONATIONS FROM FOUNDATIONS, CORPORATIONS, INDIVIDUALS, AND GOVERNMENT GRANTS, AND CHARGES NO FEES FOR THE SERVICES PROVIDED TO FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory D Rush
Board Chair & President
$0
Edward Bell
Director
$0
Paul Kostyack
Secretary And Counsel
$0
Joseph Lukac
Treasurer 7/1/23 - 12/31/23
$0
Jeffrey Orloff
Director
$0
Jeffrey Robinson
Treasurer 1/1/23 - 6/30/23
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $221
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 $320,821

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