New Hope Development Daycare Center Inc

EIN: 222037226 501(c)(3)

Newark, NJ

Total Revenue
$956,103
Total Expenses
$932,544
Total Assets
$698,899
Net Assets
$698,899
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NJ
Principal Officer
MICHAEL UKHUEDUAN
Phone
9736222051
Tax Period
2023-06-01 to 2024-05-31

New Hope Development Daycare Center Inc, founded in 1999, is a small nonprofit that reported $956K in total revenue in fiscal year 2023.

Mission

Provides daycare services for children of preschool age for families whose income is deemed to be classified as low income or below specific limits.

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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 (2023)

Revenue Breakdown

Contributions & Grants $89,898
Program Service Revenue $866,205
Investment Income $0
Other Revenue $0
TOTAL REVENUE $956,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $430,995
Fundraising Expenses $0
Program Expenses $852,858
Other Expenses $501,549
TOTAL EXPENSES $932,544

Year-over-Year Comparison

2023 2022 Change
Revenue $956,103 $927,837 +0.0%
Expenses $932,544 $771,755 +0.2%
Net Income $23,559 $156,082 -0.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
N/A
Employees
24
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael E Ukhueduan Pres. 030.00
Director
$0 $0 $0
Carolyn Page Director 040.00
Director
$0 $0 $0
Margaret Parish Sec.y 003.00
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 $956,103 $932,544 $698,899 $23,559
2023 $927,837 $771,755 $675,340 $156,082
2022 $761,472 $709,347 $519,258 $52,125
2021 $615,648 $506,913 $467,133 $108,735
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