NEW HOPE RESIDENTIAL SERVICES INC

EIN: 582479991 501(c)(3)

SUMMERSVILLE, WV

Total Revenue
$1,121,119
Total Expenses
$816,456
Total Assets
$321,989
Net Assets
$308,563
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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
WV
Tax Period
2021-01-01 to 2021-12-31

NEW HOPE RESIDENTIAL SERVICES INC, founded in 1999, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2021. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $305K, a strong 27% operating margin.

Mission

SUPPORT SERVICES FOR DISABLED

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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 (2021)

Revenue Breakdown

Contributions & Grants $158,885
Program Service Revenue $962,234
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,121,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $702,826
Fundraising Expenses $0
Program Expenses $816,456
Other Expenses $113,630
TOTAL EXPENSES $816,456

Year-over-Year Comparison

2021 2020 Change
Revenue $1,121,119 $765,176 +0.5%
Expenses $816,456 $840,851 0.0%
Net Income $304,663 $-75,675 -5.0%
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
5
Independent Members
5
Employees
30
Volunteers
10

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL JOE HOGGARD MEMBER 4.00
Officer
$0 $0 $0
LORRAINE TAYLOR MEMBER 4.00
Officer
$0 $0 $0
JOHN JORDAN MEMBER 4.00
Officer
$0 $0 $0
ROBERT GOLDSTEIN MEMBER 4.00
Officer
$0 $0 $0
CASEY CROUSE MEMBER 40.00
Officer
$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
2021 $1,121,119 $816,456 $321,989 $304,663
2020 $765,176 $840,851 $169,369 $-75,675
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