NEW HOPE FOR WOMEN INC

EIN: 010377246 501(c)(3)

ROCKLAND, ME

Total Revenue
$1,982,302
Total Expenses
$2,001,373
Total Assets
$2,413,338
Net Assets
$2,135,698
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
ME
Principal Officer
REBEKAH PAREDES
Phone
2075942128
Tax Period
2023-10-01 to 2024-09-30

NEW HOPE FOR WOMEN INC is a 501(c)(3) with EIN 010377246, based in ROCKLAND, ME. Founded in 1981, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,982,302 in total revenue and $2,001,373 in total expenses, with net assets of $2,135,698.

Mission

NEW HOPE MIDCOAST BELIEVES THAT A LIFE FREE FROM ABUSE IS A FUNDAMENTAL HUMAN RIGHT AND WORKS TO BUILD A CULTURE THAT WILL NOT TOLERATE DOMESTIC ABUSE. WE SUPPORT PEOPLE AS THEY CREATE PATHWAYS TO SAFETY. BY EDUCATING AND EMPOWERING OUR COMMUNITIES, WE SUPPORT A MORE JUST AND EFFECTIVE RESPONSE TO DOMESTIC VIOLENCE AND ABUSE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,877,657
Program Service Revenue $0
Investment Income $8,678
Other Revenue $95,967
TOTAL REVENUE $1,982,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,249,163
Fundraising Expenses $183,999
Program Expenses $1,685,902
Other Expenses $752,210
TOTAL EXPENSES $2,001,373

Year-over-Year Comparison

2023 2022 Change
Revenue $1,982,302 $2,419,175 -0.2%
Expenses $2,001,373 $2,012,198 0.0%
Net Income $-19,071 $406,977 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
23
Volunteers
118

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$116,280
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBEKAH PAREDES EXECUTIVE DI 40.00
Officer
$103,961 $12,319 $116,280
VERA ROBERTS PRESIDENT 1.00
Officer Director
$0 $0 $0
TERRI TOOLEY TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTINA SCHECHTMAN SECRETARY 1.00
Officer Director
$0 $0 $0
CHERYL AYER DIRECTOR 1.00
Director
$0 $0 $0
ANNE CONNERS DIRECTOR 1.00
Director
$0 $0 $0
SARAH POST DIRECTOR 1.00
Director
$0 $0 $0
JANE MCDONNELL DIRECTOR 1.00
Director
$0 $0 $0
SUSAN COE DIRECTOR 1.00
Director
$0 $0 $0
DES FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
JOHANNA STRASSBERG DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,982,302 $2,001,373 $2,413,338 $-19,071
2023 $2,419,175 $2,012,198 $2,154,861 $406,977
2022 $1,675,898 $1,665,404 $1,647,423 $10,494
2021 $1,611,841 $1,364,579 $1,694,697 $247,262
2020 $1,249,899 $1,209,291 $1,440,281 $40,608
2019 $1,082,423 $1,001,728 $1,327,521 $80,695
2018 $1,026,167 $1,061,301 $1,252,041 $-35,134
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