Hope Has A New Address Rmh 2 0 Inc
- Assets
- $28.2m
- Revenue
- $107.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-1121736
Organization Overview
Hope Has A New Address Rmh 2 0 Inc is located in Baltimore, MD. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Hope Has A New Address Rmh 2 0 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, Hope Has A New Address Rmh 2 0 Inc generated $107.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (63.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
SUPPORTING ORGANIZATION FOR RONALD MCDONALD HOUSE CHARITIES OF MARYLAND, INC., AND PROVIDES A HOME AWAY FROM HOME FOR SERIOUSLY ILL CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE HAS A NEW ADDRESS: RMH 2.0, INC OWNS THE RONALD MCDONALD HOUSE LOCATED IN THE CITY OF BALTIMORE. THE FIVE HOSPITALS PRIMARILY SERVED BY THE RONALD MCDONALD HOUSE ARE UNIVERSITY OF MARYLAND MEDICAL SYSTEM, JOHNS HOPKINS HOSPITAL, SINAI HOSPITAL, MT. WASHINGTON PEDIATRIC HOSPITAL AND KENNEDY KRIEGER INSTITUTE. THERE ARE NO SPECIFIC GEOGRAPHIC PARAMETERS REGARDING SERVICE, AS THE HOUSE SERVES FAMILIES FROM EVERY PART OF THE STATE OF MARYLAND AS WELL AS ALL CORNERS OF THE WORLD. TO BE ELIGIBLE TO STAY AT THE HOUSE, A FAMILY MUST HAVE A CHILD AGE 21 OR YOUNGER RECEIVING TREATMENT AT ANY ONE OF THE AREA HOSPITALS. THE FAMILIES MUST BE REFERRED BY A SOCIAL WORKER FROM THE HOSPITAL TO STAY AT THE HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Steffen Board Member | Trustee | 1 | $0 |
Beth Rosenwald Board Member | Trustee | 1 | $0 |
Melissa Nigro Board Member | Trustee | 1 | $0 |
Kyle Miller Board Member | Trustee | 1 | $0 |
Leksi Kovalerchik Board Member | Trustee | 1 | $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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $107,000 |
| 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 | $107,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,063,871 |
| Insurance | $0 |
| All other expenses | $65,000 |
| Total functional expenses | $1,240,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $189,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $27,991,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,181,229 |
| Accounts payable and accrued expenses | $19,301 |
| 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 | $11,543,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,562,984 |
| Net assets without donor restrictions | $16,618,245 |
| 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 | $28,181,229 |