New Hope Housing Inc

EIN: 541060634 501(c)(3) Housing & Shelter

Alexandria, VA

Total Revenue
$11,401,276
Total Expenses
$11,920,531
Total Assets
$3,895,972
Net Assets
$1,829,494
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
VA
Principal Officer
Ashley McSwain
Phone
7037992293
Tax Period
2023-07-01 to 2024-06-30

New Hope Housing Inc, founded in 1978, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.4M in total revenue in fiscal year 2023.

Mission

The mission of New Hope Housing is to provide homeless families and individuals shelter and the tools to build a better life. The vision we work for is a home and bright future for every man, woman and child in our community.

Program Service Accomplishments

Program 1
Expenses: $10,690,370 Revenue: $7,658,072

New Hope Housing, Inc. is an innovative, award-winning human services agency in northern Virginia providing shelter, rapid rehousing and permanent supportive housing, support services and outreach...

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New Hope Housing, Inc. is an innovative, award-winning human services agency in northern Virginia providing shelter, rapid rehousing and permanent supportive housing, support services and outreach programs for individuals experiencing homelessness. as well as prevention assistance for those at imminent risk of becoming homeless. New Hope Housing is committed to finding creative and lasting solutions to end the cycle of homelessness by offering homeless men and women the services they need to change their lives and succeed. And each individual success story contributes to a stronger, healthier community for all. New Hope Housing serves approximately 1,500 individuals each year in Arlington, Alexandria, Fairfax, and Falls Church.

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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 $2,947,835
Program Service Revenue $7,658,072
Investment Income $824,071
Other Revenue $-28,702
TOTAL REVENUE $11,401,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,143,742
Fundraising Expenses $321,350
Program Expenses $10,690,370
Other Expenses $4,776,789
TOTAL EXPENSES $11,920,531

Year-over-Year Comparison

2023 2022 Change
Revenue $11,401,276 $11,754,713 0.0%
Expenses $11,920,531 $12,001,775 0.0%
Net Income $-519,255 $-247,062 +1.1%
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
11
Independent Members
11
Employees
314
Volunteers
996

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
6
$107,721
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hubert Ronnie Bagley President 5.00
Officer Director
$0 $0 $0
Lianne Wang Vice President 1.00
Officer Director
$0 $0 $0
Ilona Birenbaum Vice President 1.00
Officer Director
$0 $0 $0
Paul Stanford Treasurer 1.00
Officer Director
$0 $0 $0
Rick DeMilio Jr Secretary 1.00
Officer Director
$0 $0 $0
Charade Estes Director 1.00
Director
$0 $0 $0
Stephanie Johnson Director 1.00
Director
$0 $0 $0
Jim McCabe Director 1.00
Director
$0 $0 $0
Eric Kelly Director 1.00
Director
$0 $0 $0
Benjamin Kong Director 1.00
Director
$0 $0 $0
Ambreen Rizvi Director 1.00
Director
$0 $0 $0
Barbara Mantegani Director 1.00
Director
$0 $0 $0
Nyree Wright Director 1.00
Director
$0 $0 $0
Kevin Catron Director 1.00
Director
$0 $0 $0
Ashley McSwain Executive Director 40.00
Officer
$102,966 $4,755 $107,721
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 $11,401,276 $11,920,531 $3,895,972 $-519,255
2023 $11,754,713 $12,001,775 $4,729,478 $-247,062
2022 $11,982,340 $12,189,288 $4,452,442 $-206,948
2021 $13,222,867 $12,274,029 $4,724,081 $948,838
2020 $9,453,449 $9,535,411 $4,838,314 $-81,962
2019 $8,912,967 $9,039,251 $4,010,931 $-126,284
2018 $8,496,461 $8,503,059 $4,450,808 $-6,598
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