NEW HOPE PHILLY INC

EIN: 471672539 501(c)(3) Mental Health

Philadelphia, PA

Total Revenue
$296,738
Total Expenses
$258,555
Total Assets
$483,312
Net Assets
$478,220
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
PA
Principal Officer
Bill Pruitt
Phone
9012339669
Tax Period
2024-01-01 to 2024-12-31

NEW HOPE PHILLY INC, founded in 2014, is a small nonprofit in the Mental Health sector that reported $297K in total revenue in fiscal year 2024. Expenses of $259K left a modest 13% surplus.

Mission

Our mission is to provide a support system for men seeking to be free from addiction that fosters long-term success and well being. To this end, we provide housing for men that have come out of addiction. We provide life skills workshops, Biblical counseling, studying for GED examination. We provide addiction support groups and Bible study for the community. We equip men that have come out of addiction to become ministers and missionaries through attending Bible school or missionary training certification. We minister and provide community service projects including cleaning up local parks, outreaches, neighborhood beautification.

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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 (2024)

Revenue Breakdown

Contributions & Grants $288,756
Program Service Revenue $7,960
Investment Income $22
Other Revenue $0
TOTAL REVENUE $296,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,904
Fundraising Expenses $21,977
Program Expenses $181,293
Other Expenses $149,651
TOTAL EXPENSES $258,555

Year-over-Year Comparison

2024 2023 Change
Revenue $296,738 $288,602 +0.0%
Expenses $258,555 $280,709 -0.1%
Net Income $38,183 $7,893 +3.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
2
Volunteers
40

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
$64,971
Total Directors
6
$64,971
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Pruitt Executive Director 50
Officer Director
$64,971 $0 $64,971
Kelly Talley Secretary 15
Officer Director
$0 $0 $0
Mary Ann Kiernan Treasurer 15
Officer Director
$0 $0 $0
Jim Ellis Board Member 10
Director
$0 $0 $0
Rosa Winborne Board Member 10
Director
$0 $0 $0
Tom Day Board Member 10
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 $296,738 $258,555 $483,312 $38,183
2023 $288,602 $280,709 $446,320 $7,893
2022 $245,035 $236,053 $435,959 $8,982
2021 $217,312 $209,801 $424,070 $7,511
2020 $324,784 $179,689 $417,179 $145,095
2019 $220,671 $149,705 $275,239 $70,966
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