New Hope Of Florence Inc is located in Florence, SC. The organization was established in 1994. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Of Florence 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 12/2021, New Hope Of Florence Inc generated $112.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $119.8k during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OPERATED 12 LOW INCOME HOUSING UNITS FOR THE MENTALLY ILL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kendall Hiller Vice President | 1 | $0 | |
Dr Joseph E Heyward President | 1 | $0 | |
Paul T Williamson Treasurer | 1 | $0 | |
Robert S Floyd Secretary | 1 | $0 | |
Josephine Jupiter Director | 1 | $0 | |
Howard C Parnell Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $87,656 |
Total Program Service Revenue | $24,803 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $112,459 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $22,816 |
Professional fees and other payments to independent contractors | $24,650 |
Occupancy, rent, utilities, and maintenance | $62,031 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $10,330 |
Total expenses | $119,827 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $51,478 |
Other assets | $0 |
Total assets | $257,740 |
Total liabilities | $656,345 |
Net assets or fund balances | -$398,605 |
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