Project Hope The New Direction
- Assets
- $266.0
- Revenue
- $31.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Nyc, NY
- Founding
- 12/1998
- Data as of
- 06/2021
- EIN
- 11-3327651
Organization Overview
Project Hope The New Direction is located in Nyc, NY. The organization was established in 1998. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Hope The New Direction 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, Project Hope The New Direction generated $31.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $31.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. 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
WHO ARE WE? PROJECT HOPES MISSION IS TO HELP YOUNG PEOPLE LIVING IN POVERTY IN NYC DEVELOP THEIR STRENGTHS, SKILLS, TALENTS AND COMPETENCIES THROUGH EFFECTIVE EXPERIENTIAL LEARNING, YOUTH DEVELOPMENT PRINCIPLES AND WORK PROGRAMS TO PREPARE THEM FOR TODAYS ECONOMY. OUR VISION IS THAT YOUNG PEOPLE WHO GROW UP IN THE NEIGHBORHOODS WE SERVE SHOULD HAVE THE SAME OPPORTUNITIES AS YOUNG PEOPLE WHO GROW UP IN WELL-RESOURCED NEIGHBORHOODS. FOR US, A GOOD LIFE MEANS THAT AS AN ADULT, YOU CAN ANSWER YES TO THESE THREE QUESTIONS: ARE YOU HAPPY? DO YOU FEEL MOTIVATED? HAVE YOU BEEN ABLE TO MAKE REAL CHOICES ABOUT THE COURSE OF YOUR LIFE?
Describe the Organization's Program Activity:
Part 3 - Line 4a
NYC DEPT. OF YOUTH & COMMUNITY DEVELOPMENT-UNDERWRITTEN; STAFF TO ADMINISTER PROGRAM AND PROVIDE DIRECT SERVICES TO 120 YOUTH AT BENJAMIN FRANKLIN HS AND IS 109 IN SOUTHEAST QUEENS, NY THE YOUTH LEADERSHIP & CAREER PATHWAY (YLCP) MODEL IS CAREER AND POST-EDUCATION DRIVEN; IT WILL CONSIST OF AN EXTENSIVE INTAKE PROCESS & CASE MANAGEMENT SERVICES, AND REFERRALS & ACTIVITIES WILL BE BASED ON EACH CLIENTS ASSESSMENT NEEDS. THE PROJECT WILL FOCUS ON (4) FOUR MAIN AREAS: 1. HELPING CLIENTS PREPARE FOR AND COPE WITH H.S. & POST-EDUCATION TRANSITIONS 2. HELPING CLIENTS ALLEVIATE BARRIERS TO GRADUATION & ACADEMIC SUCCESS 3. HELPING CLIENTS IDENTIFY AND PREPARE FOR POST-EDUCATION & CAREER PATHWAYS AND 4. HELPING CLIENTS BUILD POSITIVE BEHAVIORAL/SOCIAL SKILLS. CLIENTS HAD ACCESS TO: 1. CUSTOMIZED EDUCATIONAL SUPPORT, 2. SUPPORTIVE SERVICES AND 3. YLCP WORK-FORCE DEVELOPMENT (WFD) WORKSHOP SESSIONS GEARED TOWARD MEETING EACH PARTICIPANTS SOCIAL NEEDS AND DEVELOPING THEIR BEHAVIORAL/JOB-READINESS SKILLS TO PREPARE THEM FOR TODAYS EMPLOYMENT MARKET. YLCP WAS BASED ON YOUTH DEVELOPMENT PRINCIPLES. STUDENTS IN OUR YLCP WERE AFFORDED TUTORING, HOMEWORK HELP, COUNSELING, THERAPY & REFERRALS TO SUPPORT THEIR PATHWAY OBJECTIVES & GOALS AND WAS ABLE TO PARTICIPATE IN PATHWAYS GEARED TO THEIR CAREER AND POST-EDUCATION INTERESTS.
COLGATE-UNDERWRITTEN; PROGRAM SUPPLIES, OFFICE SUPPLIES , PROGRAM MEDIA & PROMOTIONS, SNACKS & REFRESHMENTS, PROGRAM & OFFICE EQUIPMENT, PAYROLL FEES, COMMUNICATION SUBSCRIPTIONS, ACCOUNTING SUBSCRIPTIONS, ETC.
COMMUNITY DONATION TOWARD PROGRAM FUNCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Cruz Program Administrator | Officer | 12 | $21,775 |
Ernst Alvarez Board Member & Treasurer | Officer | 0 | $0 |
Lani Cherry Chair | Officer | 0 | $0 |
James Taylor Board Member | Officer | 0 | $0 |
Kenneth Jovin Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,905 |
| 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 | $31,905 |
| Statement of Expenses | |
|---|---|
| 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. | $21,775 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $53 |
| Other employee benefits | $0 |
| Payroll taxes | $2,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,464 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$23,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,237 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $266 |
| Total liabilities and net assets/fund balances | $266 |
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Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
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