Operation New Hope Inc

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

Jacksonville, FL

Total Revenue
$14,428,802
Total Expenses
$14,954,393
Total Assets
$5,634,760
Net Assets
$4,353,798
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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
2025-01-01 to 2025-12-31

Operation New Hope Inc, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.4M in total revenue in fiscal year 2025.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $13,252,806 Revenue: $365,999

The Ready 4 Work/Release/Success programs of Operation New Hope provide life and job skills for individuals who were previously incarcerated. The programs also provided the needed support services...

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The Ready 4 Work/Release/Success programs of Operation New Hope provide life and job skills for individuals who were previously incarcerated. The programs also provided the needed support services such as housing, mental health and transportation to enable participation in the programs. Family reunification is also a major part of the programs. Once the participant completes a multi-week program of training and support, ONH assists with finding employment and then provides continued support services for one year. In 2025,3640 participants were served.

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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 (2025)

Revenue Breakdown

Contributions & Grants $14,175,432
Program Service Revenue $365,999
Investment Income $-112,629
Other Revenue $0
TOTAL REVENUE $14,428,802

Expense Breakdown

Grants Paid $4,214,030
Salaries & Benefits $8,087,159
Fundraising Expenses $93,297
Program Expenses $13,252,806
Other Expenses $2,653,204
TOTAL EXPENSES $14,954,393

Year-over-Year Comparison

2025 2024 Change
Revenue $14,428,802 $13,921,592 +0.0%
Expenses $14,954,393 $12,789,411 +0.2%
Net Income $-525,591 $1,132,181 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
148
Volunteers
1

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
$536,878
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Commander Keith Melton Member 1.00
Director
$0 $0 $0
Stephen Colson Chair 1.00
Director
$0 $0 $0
Harold Craw Member 1.00
Director
$0 $0 $0
Coley Jones Member 1.00
Director
$0 $0 $0
Ashley Pratt Vice Chair 1.00
Director
$0 $0 $0
Coral Messina 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
Kevin Gay Founder 10.00
Officer
$0 $0 $0
Reginald Fullwood President/CEO 40.00
Officer
$175,552 $0 $175,552
Corvus Whitaker CPO 40.00
Officer
$122,972 $0 $122,972
Mary Croxton CAO 40.00
Officer
$127,070 $0 $127,070
Gretchen Hamm CCO 40.00
Officer
$111,284 $0 $111,284
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
2025 $14,428,802 $14,954,393 $5,634,760 $-525,591
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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