Skip to content
Nonprofiteer
← NEW HOPE DEVELOPMENT SERVICES INC

Form 990 for tax year 2022

Filed by NEW HOPE DEVELOPMENT SERVICES INC.

Totals

Total revenue
$3,171,921
Total expenses
$1,601,549
Contributions and grants received
$2,776,946
Grants paid
$0
Program service revenue
$279,344
Investment income
$0
Other revenue
$115,631
Total assets, end of year
$14,071,279
Total liabilities, end of year
$7,236,740
Net assets or fund balances, end of year
$6,834,539
Program services expenses (Part IX)
$679,438
Management and general expenses
$922,111
Fundraising expenses
$0
Program service expenses (Part III)
$679,438

Program services were 42.4% 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.

  • 1e · Government grants (contributions)

    $2,736,216

  • 1f · All other contributions, gifts and grants

    $40,730

  • 2a · Program service revenue: DEVELOPER FEES

    total $279,344 · related or exempt $279,344

  • 6a · Gross rents

    real property $596,407

  • 6b · Less rental expenses

    real property $307,610

  • 6c · Rental income or loss

    real property $288,797

  • 6d · Net rental income or loss

    total $288,797 · related or exempt $288,797

  • 10a · Gross sales of inventory

    $1,659,295

  • 10b · Cost of goods sold

    $1,832,461

  • 10c · Net income from sales of inventory

    total -$173,166 · related or exempt -$173,166

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $318,173 · management and general $318,173

  • 7 · Other salaries and wages

    total $45,298 · management and general $45,298

  • 8 · Pension plan contributions

    total $14,000 · management and general $14,000

  • 9 · Other employee benefits

    total $5,795 · management and general $5,795

  • 10 · Payroll taxes

    total $19,367 · management and general $19,367

  • 11a · Fees: management

    total $225,000 · management and general $225,000

  • 11b · Fees: legal

    total -$490 · management and general -$490

  • 11c · Fees: accounting

    total $17,520 · management and general $17,520

  • 11g · Fees: other

    total $3,998 · program services $3,998

  • 12 · Advertising and promotion

    total $646 · management and general $646

  • 13 · Office expenses

    total $5,914 · management and general $5,914

  • 14 · Information technology

    total $2,566 · management and general $2,566

  • 16 · Occupancy

    total $150,799 · program services $150,799

  • 17 · Travel

    total $275 · management and general $275

  • 20 · Interest

    total $144,541 · program services $82,272 · management and general $62,269

  • 22 · Depreciation, depletion and amortization

    total $282,076 · program services $282,076

  • 24a · Other expenses: BAD DEBTS

    total $200,409 · program services $3,152 · management and general $197,257

  • 24b · Other expenses: DEVELOPER FEES

    total $100,000 · program services $100,000

  • 24c · Other expenses: TAXES & INSURANCE

    total $63,032 · program services $57,141 · management and general $5,891

  • 24d · Other expenses: TRAINING AND SEMINARS

    total $1,890 · management and general $1,890

  • 24e · All other expenses

    total $740 · management and general $740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $274,385 · end of year $270,706

  • 3 · Pledges and grants receivable

    beginning of year $55,322 · end of year $50,201

  • 4 · Accounts receivable

    beginning of year $1,372,962 · end of year $963,730

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,918 · end of year $26,447

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

    $12,377,660

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

    $752,794

  • 10c · Land, buildings and equipment, net

    beginning of year $8,064,217 · end of year $11,624,866

  • 15 · Other assets

    beginning of year $2,852,066 · end of year $1,135,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,380,640 · end of year $1,035,801

  • 23 · Secured mortgages and notes payable

    beginning of year $4,174,001 · end of year $4,085,943

  • 25 · Other liabilities

    beginning of year $1,845,062 · end of year $2,114,996

  • 27 · Net assets without donor restrictions

    beginning of year $256,023 · end of year -$745,581

  • 28 · Net assets with donor restrictions

    beginning of year $5,008,144 · end of year $7,580,120

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $679,438 · Revenue $394,975

As filed on the 2022 return.

Listed in Part VII

  • JOHN NEACE

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BARBARA SWANK-GALLEGOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • SANDY RINGER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • VALERIE GILLILAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JODY RESCHAR HEAZLITT

    CEO/PRESIDENT (EFF. 1/14/23)

    Total calculated
    $256,012
    From this org
    $0
    From related orgs
    $234,393
    Other
    $21,619
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,893 related
    Bonus
    $0 + $89,500 related
    Other
    $0
    Deferred
    $0 + $21,619 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $256,012 related

  • ELIZABETH BOYD

    ASSISTANT TREASURER

    Total calculated
    $107,042
    From this org
    $0
    From related orgs
    $102,191
    Other
    $4,851
    Hours/week
    10 + 30 related

  • KIMBERLY TUNGATE

    SECRETARY

    Total calculated
    $105,120
    From this org
    $0
    From related orgs
    $100,242
    Other
    $4,878
    Hours/week
    10 + 30 related

  • JOHN BROADY

    ASSISTANT SECRETARY/CFO

    Total calculated
    $215,445
    From this org
    $0
    From related orgs
    $197,214
    Other
    $18,231
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,642 related
    Bonus
    $0 + $67,572 related
    Other
    $0
    Deferred
    $0 + $18,231 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $215,445 related

  • JAMES BOSLEY

    CEO/PRESIDENT (THRU 1/13/23)

    Total calculated
    $352,283
    From this org
    $304,731
    From related orgs
    $0
    Other
    $47,552
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $191,391
    Bonus
    $113,340
    Other
    $0
    Deferred
    $46,487
    Nontaxable benefits
    $1,065
    Filer's total
    $352,283

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349304696

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.