New Hope Family Services Inc
- Assets
- $542.9k
- Revenue
- $646.0k
- Investments
- $0.0
- Employees
- 21
- Location
- Syracuse, NY
- Founding
- 02/1973
- Data as of
- 03/2024
- EIN
- 23-7103133
Organization Overview
New Hope Family Services Inc is located in Syracuse, NY. The organization was established in 1973. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2024, New Hope Family Services Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Family Services 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 03/2024, New Hope Family Services Inc generated $646.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $848.9k during the year ending 03/2024. While expenses have increased by 12.5% per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ADOPTION & PREGNANCY COUNSELING AT NO COST OR AT A FEE BASED ON A PREDETERMINED SCHEDULE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPTION & PREGNANCY COUNSELING AT NO COST OR AT A FEE BASED ON A PREDETERMINED SCHEDULE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Jerman Executive Di | Officer | 40 | $70,884 |
Michele Masten President | OfficerTrustee | 1 | $0 |
Anthony D'elia Vice Preside | OfficerTrustee | 1 | $0 |
Henry Zaborowski Treasurer | OfficerTrustee | 1 | $0 |
Jayne Lewis Secretary | OfficerTrustee | 1 | $0 |
Joy Palma Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,425 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,874 |
| Total Program Service Revenue | $47,977 |
| Investment income | $8,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $128,985 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,950 |
| 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. | $70,884 |
| Compensation of current officers, directors, key employees. | $7,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,952 |
| Pension plan accruals and contributions | $8,784 |
| Other employee benefits | $14,764 |
| Payroll taxes | $36,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,132 |
| Advertising and promotion | $34,977 |
| Office expenses | $21,374 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,750 |
| Travel | $5,154 |
| 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 | $63,079 |
| Insurance | $30,374 |
| All other expenses | $15,292 |
| Total functional expenses | $848,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,989 |
| Savings and temporary cash investments | $293,273 |
| Pledges and grants receivable | $19,318 |
| Accounts receivable, net | $0 |
| 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 | $3,168 |
| Net Land, buildings, and equipment | $206,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $542,937 |
| Accounts payable and accrued expenses | $32,426 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $78,898 |
| 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 | $111,324 |
| Net assets without donor restrictions | $403,493 |
| Net assets with donor restrictions | $28,120 |
| 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 | $542,937 |