New Start Housing Partners Inc
- Assets
- $1.5m
- Revenue
- $568.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Kissimmee, FL
- Founding
- Data as of
- 06/2023
- EIN
- 59-3362072
Organization Overview
New Start Housing Partners Inc is located in Kissimmee, FL. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, New Start Housing Partners Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Start Housing Partners 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 06/2023, New Start Housing Partners Inc generated $568.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $676.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING TO ECNOMICALLY CHALLENGED INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING TO ECOMICALLY CHALLENGED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irwin Inwood President | Officer | 40 | $79,408 |
Terry O Inwood Bookkeeper | Officer | 40 | $79,397 |
Mandeline Santangelo Secretary | Officer | 10 | $0 |
Lou Bonifero Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,134 |
| Investment income | $190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,715 |
| Net Gain/Loss on Asset Sales | $83,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $396,369 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $568,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,852 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $350 |
| Payroll taxes | $30,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,121 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,790 |
| Advertising and promotion | $3,019 |
| Office expenses | $1,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,026 |
| Interest | $23,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,222 |
| Insurance | $54,506 |
| All other expenses | $37,720 |
| Total functional expenses | $676,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $556,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $622,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,526,764 |
| 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 | $1,098,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,098,317 |
| Net assets without donor restrictions | $428,447 |
| 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 | $1,526,764 |