New Futures Inc
- Assets
- $480.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 63-1177793
Organization Overview
New Futures Inc is located in Huntsville, AL. The organization was established in 1996. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Futures 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 Futures Inc generated $177.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $170.7k during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 5 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
RUN A SHELTER PROGRAM THAT PROVIDES TRANSITIONAL HOUSINGTO KEEP FAMILIES TOGETHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanya Rains Executive Director | 40 | $45,600 | |
Shandra Hennebeck Case Manager | 40 | $14,779 | |
James Dwyer President | 3 | $0 | |
Cindy Davis Secretary | 1 | $0 | |
Patricia Matice Treasurer | 3 | $0 | |
Lynell Moore Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,717 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $64 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $177,781 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,951 |
| Professional fees and other payments to independent contractors | $556 |
| Occupancy, rent, utilities, and maintenance | $54,307 |
| Printing, publications, postage, and shipping | $2,000 |
| Other expenses | $57,864 |
| Total expenses | $170,678 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $117,290 |
| Other assets | $0 |
| Total assets | $480,035 |
| Total liabilities | $373,800 |
| Net assets or fund balances | $106,235 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Futures Inc has recieved totaling $56,302.
| Awarding Organization | Amount |
|---|---|
Asbury Thrift Store Inc Madison, AL PURPOSE: AID WITH OPERATING EXPENSES FOR FAMILY HOMELESS SHELTER | $41,102 |
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: BASIC NEEDS | $15,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Ministries Inc Tampa, FL | $31,495,866 | $42,337,821 |
Saint Josephs Mercy Care Services Inc Atlanta, GA | $21,400,756 | $24,533,860 |
Chapman Partnership Inc Miami, FL | $77,837,338 | $23,158,308 |
Homeless Services Network Of Central Florida Inc Orlando, FL | $8,865,174 | $20,984,362 |
Coalition For The Homeless Of Central Florida Inc Orlando, FL | $17,863,700 | $14,201,158 |
Quest Community Development Organization Inc Atlanta, GA | $31,980,740 | $6,266,594 |
Mississippi United To End Homelessness Jackson, MS | $679,827 | $4,928,585 |
Alachua County Coalition For The Homeless And Hungry Inc Gainesville, FL | $656,800 | $4,075,363 |
Homeless Leadership Alliance Of Pinellas Inc St Petersburg, FL | $1,685,047 | $4,246,750 |
Volusia-Flagler County Coalition For The Homeless Inc Daytona Beach, FL | $2,647,899 | $3,030,094 |
Gateway Rescue Mission Inc Jackson, MS | $4,764,797 | $4,365,669 |
National Health Care For The Homeless Council Inc Nashville, TN | $2,211,639 | $3,205,943 |