New Hope Transitional Housing Inc
- Assets
- $984.7k
- Revenue
- $984.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 02/2011
- Data as of
- 09/2020
- EIN
- 27-1440474
Organization Overview
New Hope Transitional Housing Inc is located in Bronx, NY. The organization was established in 2011. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Transitional Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
NEW HOPE TRANSITIONAL HOUSING'S MISSION IS TO ASSIST FAMILIES TO TRANSITION TO INDEPENDENCE BY PROVIDING TEMPORARY HOUSING AND ONSITE SERVICES. OUR COMPREHENSIVE CRITICAL SOCIAL SERVICES PROVIDE A CONTINUUM OF CARE THAT IS TAILORED TOWARD A PATH OF SELF-SUFFICIENCY FOR OUR HOMELESS FAMILIES. OUR GOAL IS TO PROVIDE OUR FAMILIES WITH THE TOOLS AND RESOURCES NEEDED TO PROMOTE LONG TERM SOLUTIONS IN ORDER TO STABILIZE AND MAINTAIN THEIR TRANSITION BACK TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FAMILIES WITH TEMPORARY HOUSING AND ONSITE SERVICES, WHICH WILL GIVE THEM THE TOOLS AND RESOURCES NEEDED TO PROMOTE LONG TERM SOLUTIONS IN ORDER TO STABILIZE AND MAINTAIN THEIR TRANSITION BACK TO THE COMMUNITY.
TO PROVIDE FAMILIES WITH TEMPORARY HOUSING AND ONSITE SERVICES, WHICH WILL GIVE THEM THE TOOLS AND RESOURCES NEEDED TO PROMOTE LONG TERM SOLUTIONS IN ORDER TO STABILIZE AND MAINTAIN THEIR TRANSITION BACK TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mordechai Ehrman President | Officer | 25 | $0 |
Phillip Kalisch COO | Officer | 25 | $0 |
Zev Jacob Alexander Board Member | Trustee | 1 | $0 |
Binyomin Fishman Board Member | Trustee | 1 | $0 |
Laya Fishman Board Member | Trustee | 1 | $0 |
Shaul C Greenwald Secretary/treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $984,540 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,954 |
| 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 | $460,656 |
| Advertising and promotion | $0 |
| Office expenses | $4,340 |
| Information technology | $6,648 |
| Royalties | $0 |
| Occupancy | $417,528 |
| 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 | $1,030,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $984,540 |
| 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 | $984,693 |
| Accounts payable and accrued expenses | $891,801 |
| 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 | $138,950 |
| Other liabilities | $0 |
| Total liabilities | $1,030,751 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | -$46,058 |
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