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Nonprofiteer
← PH NEW MARKETS INC

Form 990 for tax year 2025

Filed by PH NEW MARKETS INC.

Totals

Total revenue
$452,485
Total expenses
$841,932
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$21
Other revenue
$452,464
Total assets, end of year
$8,219,005
Total liabilities, end of year
$8,616,558
Net assets or fund balances, end of year
-$397,553
Program services expenses (Part IX)
$318,973
Management and general expenses
$486,082
Fundraising expenses
$36,877
Program service expenses (Part III)
$318,973

Program services were 37.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $21 · excluded $21

  • 11a · Other revenue: LEASE REVENUE

    total $452,464 · related or exempt $452,464

  • 11e · Other revenue, total

    $452,464

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,300 · management and general $2,300

  • 11g · Fees: other

    total $72,634 · program services $60,940 · management and general $4,649 · fundraising $7,045

  • 20 · Interest

    total $90,249 · program services $75,719 · management and general $5,776 · fundraising $8,754

  • 21 · Payments to affiliates

    total $452,464 · management and general $452,464

  • 22 · Depreciation, depletion and amortization

    total $217,299 · program services $182,314 · management and general $13,907 · fundraising $21,078

  • 24e · All other expenses

    total $6,986 · management and general $6,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,847 · end of year $175,871

  • 10a · Land, buildings and equipment: cost or other basis

    $8,634,070

  • 10b · Land, buildings and equipment: accumulated depreciation

    $590,936

  • 10c · Land, buildings and equipment, net

    beginning of year $2,985,129 · end of year $8,043,134

  • 15 · Other assets

    beginning of year $5,200,257 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $8,600,924 · end of year $8,616,558

  • 27 · Net assets without donor restrictions

    beginning of year -$182,691 · end of year -$397,553

Mission and programs · 2025

Mission

PH NEW MARKETS INC WAS CREATED TO ACQUIRE, LEASE, HOLD, CONSTRUCT, DEVELOP, MAINTAIN AND OPERATE A CRISIS NURSERY FACILITY FOR THE BENEFIT OF PROVIDENCE HOUSE, INC.

Activities or mission (Part I)

PH NEW MARKETS INC WAS CREATED TO ACQUIRE, LEASE, HOLD, CONSTRUCT, DEVELOP(CONTINUED ON SCHEDULE O) MAINTAIN AND OPERATE A CRISIS NURSERY FACILITY FOR THE BENEFIT OF PROVIDENCE HOUSE, INC.

  • PH NEW MARKETS INC IS A SUPPORTING ENTITY OF PROVIDENCE HOUSE INC. PROVIDENCE HOUSE PROVIDES FOUR PROGRAMS TO KEEP CHILDREN NEWBORN THROUGH 12 YEAR-OLD SAFE, AND THEIR FAMILIES TOGETHER DURING TIMES OF CRISIS, WE PROVIDE FOR CHILDREN'S PHYSICAL, EMOTIONAL, DEVELOPMENTAL, AND EDUCATIONAL NEEDS, AND SUPPORT FAMILIES THROUGH COUNSELING, CONNECTIONS TO RESOURCES, AND CULTIVATING NURTURING PRACTICES. WE STRENGTHEN THE COMMUNITY BY ADVOCATING FOR UNDERSERVED FAMILIES AND DEMONSTRATING THE LASTING IMPACT OF FAMILY PRESERVATION.IN FISCAL YEAR 2024-2025, 2,141 CHILDREN AND FAMILIES WERE SERVED BETWEEN ALL OF OUR PROGRAMS. FAMILIES TURN TO PROVIDENCE HOUSE WHEN THEY ARE EXPERIENCING ACTIVE CRISIS AND (CONTINUED ON SCHEDULE O) SEEKING SAFE, EMERGENCY SHELTER FOR THEIR CHILDREN AND SUPPORT FOR THEIR FAMILY SO THEY DO NOT LOSE CUSTODY. LAST YEAR, 214 CHILDREN WERE ADMITTED INTO OUR CRISIS NURSERIES AND PROVIDED WITH 3,695 DAYS OF CARE.CHILDREN WERE SERVED IN OUR TRADITIONAL FAMILY PRESERVATION CRISIS NURSERY SERVICES AND OUR EMERGENCY PLACEMENT PROGRAM IN PARTNERSHIP WITH THE CUYAHOGA COUNTY DIVISIONOF CHILDREN AND FAMILY SERVICES. ADDITIONALLY, FAMILIES FROM THROUGHOUT GREATER CLEVELAND PARTICIPATED IN OUR FAMILY PRESERVATION SERVICES DURING THEIR CHILD'S STAY AT PROVIDENCE HOUSE. THIS INCLUDES 699 PARENT VISITS, 309 REFERRALS FOR ADDITIONAL SUPPORT SERVICES, 772 CASE MANAGEMENT SESSIONS, 189 PARENT SUPPORT SESSIONS, AND DISTRIBUTION OF 144 BUS PASSES TO HELP ADDRESS TRANSPORTATION BARRIERS THAT PREVENT MANY OF OUR CLIENTS FROM ACCESSING SERVICES. THROUGH OUR UNIQUE, MULTI-GENERATIONAL CRISIS NURSERY MODEL, 99.5% OF CHILDREN RETURNED HOME TO THEIR PARENT OR GUARDIAN AFTER STATING AT PROVIDENCE HOUSE,AND 98% OF OUR FAMILIES WERE FULLY ENGAGED IN OUR PRESERVATION SERVICES. ADDITIONALLY, 91 FAMILIES PARTICIPATED IN OUR VOLUNTARY AFTERCARE PROGRAM TO RECEIVE ONGOING SUPPORT INCLUDING CASE MANAGEMENT AND WEEKLY GROUP PARENT EDUCATION.TO FURTHER SERVE THE COMMUNITY, PROVIDENCE HOUSE PROVIDED 1,106 ESSENTIAL NEED ITEMS TO 312 FAMILIES THROUGH OUR COMMUNITY REFERRAL PROGRAM. PROVIDENCE HOUSE IS PRIMARILY FUNDED THROUGH PRIVATE DONATIONS FROM FOUNDATIONS, CORPORATIONS, INDIVIDUALS, GROUPS AND RECEIVES SOME GOVERNMENT GRANT FUNDING. WE DO NOT CHARGE OUR FAMILIES ANY FEES FOR OUR SERVICES.

    Expenses $318,973

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TIMOTHY FLANAGAN

    BOARD CHAIR & PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • EDWARD BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAYNE JUVAN

    SECRETARY AND COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH LUKAC

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY ORLOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
17 April 2026
IRS schema version
2025v4.1
Source object
202611139349301306

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