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Nonprofiteer
← PH NEW MARKETS INC

Form 990 for tax year 2023

Filed by PH NEW MARKETS INC.

Totals

Total revenue
$320,821
Total expenses
$599,019
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$221
Other revenue
$320,600
Total assets, end of year
$9,001,973
Total liabilities, end of year
$9,039,067
Net assets or fund balances, end of year
-$37,094
Program services expenses (Part IX)
$232,854
Management and general expenses
$342,411
Fundraising expenses
$23,754
Program service expenses (Part III)
$232,854

Program services were 38.9% 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 $221 · excluded $221

  • 11a · Other revenue: LEASE REVENUE

    total $320,600 · related or exempt $320,600

  • 11e · Other revenue, total

    $320,600

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,200 · management and general $2,200

  • 11g · Fees: other

    total $118,478 · program services $99,877 · management and general $8,412 · fundraising $10,189

  • 20 · Interest

    total $67,387 · program services $56,808 · management and general $4,784 · fundraising $5,795

  • 21 · Payments to affiliates

    total $320,600 · management and general $320,600

  • 22 · Depreciation, depletion and amortization

    total $90,354 · program services $76,169 · management and general $6,415 · fundraising $7,770

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,151,085 · end of year $829,837

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

    $2,716,998

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

    $247,628

  • 10c · Land, buildings and equipment, net

    beginning of year $2,559,724 · end of year $2,469,370

  • 15 · Other assets

    beginning of year $2,943,991 · end of year $5,702,766

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,095,126 · end of year $453,777

  • 23 · Secured mortgages and notes payable

    beginning of year $8,569,656 · end of year $8,585,290

  • 27 · Net assets without donor restrictions

    beginning of year -$9,982 · end of year -$37,094

Mission and programs · 2023

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 WHO FOR NEARLY 41 YEARS, HAS BEEN DEDICATED TO PROVIDING CHILDREN AND FAMILIES IN OUR COMMUNITY WITH PROVEN PROTECTION AND SUPPORT SO THEY CAN REUNITE SAFER, STRONGER, AND WITH MORE STABILITY. ON OUR 30 BED CAMPUS (20 BEDS IN OUR CRISIS NURSERY AND 10 BEDS IN OUR PEDIATRIC CRISIS NURSERY), CHILDREN, AGED NEWBORN THROUGH TWELVE, FIND SAFETY AND COMFORT IN A HOME-LIKE SETTING WHILE WE COORDINATE AND CONNECT FAMILIES TO PARTNER COMMUNITY ORGANIZATIONS TO STABILIZE THEIR CRISES, IMPROVE PARENTING SKILLS, AND PRESERVE THE FAMILY OR FIND ALTERNATIVE LONG-TERM CARE FOR CHILDREN. IN RECENT YEARS, PROVIDENCE HOUSE HAS EXPANDED THE SERVICES WE PROVIDE TO FAMILIES IN THE COMMUNITY WHO DO NOT CURRENTLY HAVE CHILDREN STAYING ON OUR CAMPUS. IN (CONTINUED ON SCHEDULE O) FISCAL YEAR 2022-2023, 1,077 CHILDREN AND FAMILIES WERE SERVED BETWEEN ALL OF OUR PROGRAMS. FAMILIES TURN TO PROVIDENCE HOUSE WHEN THEY ARE EXPERIENCING CRISES THAT MAY PUT THEIR CHILDREN AT RISK OF ABUSE OR NEGLECT TO RECEIVE CRITICAL SUPPORT DURING THEIR TIME OF NEED. LAST YEAR IN OUR CRISIS NURSERIES, 203 CHILDREN WERE ADMITTED INTO OUR CARE AND PROVIDED WITH 3,267 DAYS OF CARE (195 CHILDREN WERE SERVED THROUGH OUR TRADITIONAL SERVICES AND 8 WERE SERVED THROUGH OUR EMERGENCY PLACEMENT PROGRAM IN PARTNERSHIP WITH THE DIVISION OF CHILDREN AND FAMILY SERVICES). ADDITIONALLY, FAMILIES FROM THROUGHOUT THE GREATER CLEVELAND AREA PARTICIPATED IN OUR FAMILY PRESERVATION SERVICES DURING THEIR CHILD'S STAY WHICH INCLUDED 687 PARENT VISITS, 321 REFERRALS FOR ADDITIONAL SERVICES, 616 CASE MANAGEMENT CONTACT HOURS, 189 SUPPORT SESSIONS AND 162 BUS PASSES TO HELP WITH ACCESSING SERVICES. THROUGH OUR UNIQUE, MULTI-GENERATIONAL CRISIS NURSERY MODEL, 99% OF CHILDREN WERE REUNITED WITH THEIR PARENT OR GUARDIAN AND 97% OF FAMILIES WERE FULLY ENGAGED IN RECOMMENDED VISITATION, CASE MANAGEMENT, AND SUPPORT SESSIONS. IN ADDITION, 65 FAMILIES PARTICIPATED IN OUR VOLUNTARY TWELVE MONTH AFTERCARE PROGRAM, INCLUDING WEEKLY GROUP PARENT EDUCATION AND INDIVIDUAL CASE MANAGEMENT SUPPORT. LAST YEAR WE REACHED AN ADDITIONAL 326 FAMILIES WORKING WITH PARTNER AGENCIES WITH 1,428 BASIC NEED ITEMS WITH OUR COMMUNITY REFERRAL PROGRAM. THROUGH OUR COMMUNITY EDUCATION AND RESILIENCY PROGRAM, 30 FAMILIES RECEIVED INDIVIDUALIZED CASE MANAGEMENT, GROUP PARENT EDUCATION AND TRAUMA SERVICES DELIVERED ON LOCATION AT PARTNER AGENCIES TO PREVENT OR DEESCALATE CRISIS. PROVIDENCE HOUSE IS PRIMARILY FUNDED THROUGH PRIVATE DONATIONS FROM FOUNDATIONS, CORPORATIONS, INDIVIDUALS, AND GOVERNMENT GRANTS, AND CHARGES NO FEES FOR THE SERVICES PROVIDED TO FAMILIES.

    Expenses $232,854

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GREGORY D RUSH

    BOARD CHAIR & PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • EDWARD BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL KOSTYACK

    SECRETARY AND COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH LUKAC

    TREASURER 7/1/23 - 12/31/23

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY ORLOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY ROBINSON

    TREASURER 1/1/23 - 6/30/23

    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
2023
Filed
12 July 2024
IRS schema version
2023v5.1
Source object
202432079349301658

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