New Hope Development Center Inc
- Assets
- $50.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 65-0809597
Organization Overview
New Hope Development Center Inc is located in Miami, FL. The organization was established in 1998. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, 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 Hope Development Center 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 12/2022, New Hope Development Center Inc generated $134.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $126.7k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
TO HELP CHILDREN ACHIEVE THEIR MAXIMUM POTENTIAL. OVER 100 CHILDREN WERE SERVED IN OUR AFTER SCHOOL/SUMMER CAMP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Randall E Holts CEO | 20 | $0 | |
Lorraine White Director | 2 | $0 | |
Carnell White Director | 2 | $0 | |
Larrye A Smith Director | 2 | $0 | |
Sherria Isom Director | 2 | $0 | |
Lindsey Davis Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,091 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,091 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,536 |
| Professional fees and other payments to independent contractors | $25,357 |
| Occupancy, rent, utilities, and maintenance | $18,776 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,039 |
| Total expenses | $126,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,182 |
| Other assets | $0 |
| Total assets | $50,325 |
| Total liabilities | $1,597 |
| Net assets or fund balances | $48,728 |