New Hope Transitional Housing Inc
- Assets
- $1.5m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 76
- Location
- Bronx, NY
- Founding
- 02/2011
- Data as of
- 06/2022
- 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. As of 06/2022, New Hope Transitional Housing Inc employed 76 individuals. 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.
For the year ending 06/2022, New Hope Transitional Housing Inc generated $18.0m in total revenue. All expenses for the organization totaled $18.0m during the year ending 06/2022. While expenses have increased by 159.3% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NHTH'S MISSION IS TO PROVIDE HOMELESS INDIVIDUALS AND FAMILIES SAFE TEMPORARY SHELTER AND HOUSING AND HELP THEM TRANSITION TO INDEPENDENCE BY PROVIDING SUCH INDIVIDUALS AND FAMILIES WITH SOCIAL SERVICES ASSISTANCE IN LOCATING AND OBTAINING PERMANENT HOUSING, PUBLIC ASSISTANCE AND OTHER HELPFUL RESOURCES. THE COMPREHENSIVE AND CRITICAL SOCIAL SERVICES PROVIDE A CONTINUUM OF CARE THAT IS TAILORED TOWARD A PATH OF SELF-SUFFICIENCY WITH A GOAL TO PROVIDE SUCH HOMELESS INDIVIDUALS AND FAMILIES WITH THE TOOLS AND RESOURCES NEEDED TO PROMOTE LONG TERM SOLUTIONS IN ORDER TO STABILIZE AND MAINTAIN THEIR TRANSITION BACK INTO 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zev Jacob Alexander Board Member | Trustee | 1 | $0 |
Binyomin Fishman Board Member | Trustee | 1 | $0 |
Laya Fishman Board Member/chairperson | OfficerTrustee | 1 | $0 |
Shaul C Greenwald Board Member/secretary-Treasurer | OfficerTrustee | 1 | $0 |
Matisyahu Miller Board Member | Trustee | 1 | $0 |
Sarah Levi Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D Montgomery & Associates Llc Contracted Security | 6/29/22 | $3,762,601 |
Ycf Management Llc Contracted Maintenance | 6/29/22 | $1,846,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,974,051 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,983,951 |
| Total Program Service Revenue | $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 | $17,983,951 |
| 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. | $665,713 |
| Compensation of current officers, directors, key employees. | $665,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,555,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $221,471 |
| Payroll taxes | $237,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,040 |
| Fees for services: Accounting | $95,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,127,797 |
| Advertising and promotion | $0 |
| Office expenses | $36,118 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,181,907 |
| Travel | $2,967 |
| 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 | $263,310 |
| All other expenses | $0 |
| Total functional expenses | $17,976,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,822 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $930,899 |
| 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 | $269,636 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,538,357 |
| Accounts payable and accrued expenses | $1,362,240 |
| 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 | $171,185 |
| Other liabilities | $0 |
| Total liabilities | $1,533,425 |
| Net assets without donor restrictions | $4,932 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,538,357 |