NEW HOPE ESTATES GROUP HOME INC

EIN: 203844863 501(c)(3) Human Services

FREDERICKSBURG, VA

Total Revenue
$45,000
Total Expenses
$68,104
Total Assets
$592,508
Net Assets
$588,821
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
VA
Principal Officer
JOE WICKENS
Tax Period
2025-01-01 to 2025-12-31

NEW HOPE ESTATES GROUP HOME INC is a micro nonprofit in the Human Services sector that reported $45K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $68K exceeded revenue, resulting in a 51% operating deficit.

Mission

NEW HOPE ESTATES GROUP HOME, INC. IS A NOT-FOR PROFIT ORGANIZATON WHICH IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. THE ORGANIZATION OWNS AND OPERATES A SIX UNIT RESIDENTIAL FACILITY FOR DISABLED PERSONS, LOCATED IN STAFFORD, VIRGINIA. SUBSTANTIALLY ALL REVENUES RESULT FROM TENANT RENTALS AND RENTAL SUBSIDIES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 8 HOUSING ASSISTANCE PROGRAM. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A) OF THE CODE. THE PROHECT IS A SECTION 811 PROJECT UNDER THE NATIONAL AFFORDABLE HOUSING ACT. THE ORGANIZATION IS MANAGED BY RAPPAHANNOCK AREA COMMUNITY SERVICES BOARD (RACSB). RENTAL OPERATIONS COMMENCED IN JULY 2007.

Program Service Accomplishments

Program 1
Expenses: $63,624 Revenue: $45,000

SUBSIDIZED HOUSING FOR ELIGIBLE PERSONS WITH DISABILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $45,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $45,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,741
Fundraising Expenses $0
Program Expenses $63,624
Other Expenses $64,363
TOTAL EXPENSES $68,104

Year-over-Year Comparison

2025 2024 Change
Revenue $45,000 $53,823 -0.2%
Expenses $68,104 $57,348 +0.2%
Net Income $-23,104 $-3,525 +5.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
N/A

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
3
$264,109
Total Directors
7
$264,109
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE WICKENS PRESIDENT 1.00
Officer Director
$0 $0 $264,109
MATTHEW ZURASKY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
KEN LAPIN SECRETARY/TR 1.00
Officer Director
$0 $0 $0
JOHN ROWLEY DIRECTOR 1.00
Director
$0 $0 $0
RONALD W BRANSCOME DIRECTOR 1.00
Director
$0 $0 $0
BRANDIE WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
NANCY BEEBE 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
2025 $45,000 $68,104 $592,508 $-23,104
2023 $52,730 $50,444 $625,829 $2,286
2021 $62,194 $48,686 $661,904 $13,508
2019 $61,576 $56,673 $655,760 $4,903
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