New Hope Community Development Non-Profit Housing Corporation

Analysis

New Hope Community Development Non-Profit Housing Corporation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Community Development Non-Profit Housing Corporation reported income of $349k and spending of $381k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $349k (-70%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Community Development Non-Profit Housing Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include El Mirage Senior Village ($349k), Stepping Stone Housing Inc ($349k) and Rock Solid Recovery Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $51k (13% of expenses). Other salaries and wages came to $35k. At year end it held assets of $85k against liabilities of $0, net assets of $85k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.