Operation New Hope Inc

EIN: 593590360 501(c)(3) Housing & Shelter

Jacksonville, FL

Total Revenue
$13,921,592
Total Expenses
$12,789,411
Total Assets
$7,622,589
Net Assets
$4,879,389
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
FL
Principal Officer
Reginald Fullwood
Tax Period
2024-01-01 to 2024-12-31

Operation New Hope Inc, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.9M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $12.8M left a modest 8% surplus.

Mission

To create economic assistance to disadvantaged residents by creating jobs and housing.

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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 $13,898,505
Program Service Revenue $11,644
Investment Income $11,443
Other Revenue $0
TOTAL REVENUE $13,921,592

Expense Breakdown

Grants Paid $3,710,091
Salaries & Benefits $6,551,831
Fundraising Expenses $112,651
Program Expenses $11,160,180
Other Expenses $2,527,489
TOTAL EXPENSES $12,789,411

Year-over-Year Comparison

2024 2023 Change
Revenue $13,921,592 $9,130,640 +0.5%
Expenses $12,789,411 $9,127,838 +0.4%
Net Income $1,132,181 $2,802 +403.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
130
Volunteers
80

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
$594,554
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terri Wall Member 1.00
Director
$0 $0 $0
Stephen Colson Member 1.00
Director
$0 $0 $0
Karen Holt Member 1.00
Director
$0 $0 $0
Harold Craw Member 1.00
Director
$0 $0 $0
Coley Jones Chair 1.00
Director
$0 $0 $0
Josh Martino Vice Chair 1.00
Director
$0 $0 $0
Coral Messina Member 1.00
Director
$0 $0 $0
Monte Richardson Member 1.00
Director
$0 $0 $0
Charlotte Smith Member 1.00
Director
$0 $0 $0
Lori Smith Member 1.00
Director
$0 $0 $0
Walette Stanfor Member 1.00
Director
$0 $0 $0
Ashley Pratt Member 1.00
Director
$0 $0 $0
Kevin Gay Founder 10.00
Officer
$0 $0 $0
Reginald Fullwood President/CEO 40.00
Officer
$176,046 $0 $176,046
Sytisha Claycomb COO 40.00
Officer
$87,695 $0 $87,695
Amanda Mahan Chief Communications Offic 40.00
Officer
$118,401 $0 $118,401
Corvus Whitaker CPO 40.00
Officer
$107,841 $0 $107,841
Mary Croxton CAO 40.00
Officer
$104,571 $0 $104,571
Chester Spellman Member 1.00
$20,000 $0 $20,000
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 $13,921,592 $12,789,411 $7,622,589 $1,132,181
2023 $9,130,640 $9,127,838 $5,108,947 $2,802
2022 $6,488,918 $6,953,948 $4,924,973 $-465,030
2021 $5,553,314 $4,622,928 $4,588,999 $930,386
2020 $4,761,388 $4,189,412 $3,656,219 $571,976
2019 $4,221,626 $4,302,085 $5,964,590 $-80,459
2018 $3,583,963 $3,831,288 $6,056,242 $-247,325
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