New Hope Development Services Inc
- Assets
- $12.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Jeffersonville, IN
- Founding
- 02/2018
- Data as of
- 06/2022
- EIN
- 82-0818155
Organization Overview
New Hope Development Services Inc is located in Jeffersonville, IN. The organization was established in 2018. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, New Hope Development Services Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Development Services 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 Development Services Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.5%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. 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
TO FOSTER, PROMOTE, DEVELOP AND PROVIDE HOUSING THAT IS SAFE, DECENT AND AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER, PROMOTE, DEVELOP AND PROVIDE HOUSING THAT IS SAFE, DECENT AND AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN THE REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Neace Chair | OfficerTrustee | 2 | $0 |
Barbara Swank-Gallegos Board Member | Trustee | 2 | $0 |
Sandy Ringer Board Member | Trustee | 2 | $0 |
Vicky Kent Haire Board Member | Trustee | 2 | $0 |
David Lewis Treasurer | OfficerTrustee | 2 | $0 |
James Bosley CEO | Officer | 32 | $389,433 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mitchell Allen And Ritz Engineering | 6/29/21 | $309,097 |
Four Star Construction Construction | 6/29/21 | $251,913 |
Studio Three Architects Architecture | 6/29/21 | $281,741 |
Stephen L Hill Construction Consulting | 6/29/21 | $151,256 |
Gordon Lamar Benner Construction | 6/29/21 | $122,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $242,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,202 |
| Noncash contributions included in lines 1a–1f | $215,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,796 |
| Total Program Service Revenue | $323,719 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $290,051 |
| 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 | $1,071,566 |
| 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. | $413,662 |
| Compensation of current officers, directors, key employees. | $413,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,373 |
| Pension plan accruals and contributions | $13,081 |
| Other employee benefits | $12,216 |
| Payroll taxes | $21,458 |
| Fees for services: Management | $225,000 |
| Fees for services: Legal | $3,707 |
| Fees for services: Accounting | $11,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $208 |
| Office expenses | $4,993 |
| Information technology | $4,046 |
| Royalties | $0 |
| Occupancy | $118,870 |
| Travel | $54 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,915 |
| Insurance | $21,872 |
| All other expenses | $0 |
| Total functional expenses | $1,270,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $55,322 |
| Accounts receivable, net | $1,372,962 |
| 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 | $44,918 |
| Net Land, buildings, and equipment | $8,064,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,852,066 |
| Total assets | $12,663,870 |
| Accounts payable and accrued expenses | $1,380,640 |
| 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 | $4,174,001 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,845,062 |
| Total liabilities | $7,399,703 |
| Net assets without donor restrictions | $256,023 |
| Net assets with donor restrictions | $5,008,144 |
| 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 | $12,663,870 |