New Hope CORPS Inc

EIN: 650440678 501(c)(3) Mental Health

Homestead, FL

Total Revenue
$9,136,151
Total Expenses
$8,126,640
Total Assets
$9,674,232
Net Assets
$8,645,614
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Tax Period
2023-10-01 to 2024-09-30

New Hope CORPS Inc, founded in 1993, is a community nonprofit in the Mental Health sector that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.1M left a modest 11% surplus.

Mission

To provide treatment for the purpose of offering physical, psychological, spiritual, educational, vocational and social rehabilitation and regeneration to those persons who are victims of substance abuse.

Program Service Accomplishments

Program 1
Expenses: $7,929,388 Revenue: $9,010,306

Provide psychological, spiritual, vocational and social rehabilitation.

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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 $9,010,306
Program Service Revenue $0
Investment Income $125,845
Other Revenue $0
TOTAL REVENUE $9,136,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,987,873
Fundraising Expenses $0
Program Expenses $7,929,388
Other Expenses $3,138,767
TOTAL EXPENSES $8,126,640

Year-over-Year Comparison

2023 2022 Change
Revenue $9,136,151 $8,123,460 +0.1%
Expenses $8,126,640 $6,441,892 +0.3%
Net Income $1,009,511 $1,681,568 -0.4%
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
12
Independent Members
12
Employees
N/A
Volunteers
50

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
0
$0
Total Directors
13
$151,639
Key Employees
1
$151,639
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Alvarez Assistant Exec Director 50.00
Director Key Emp
$151,639 $0 $151,639
Rosa Paulino Director 2.00
Director
$0 $0 $0
Corey Gold Director 2.00
Director
$0 $0 $0
Bill McHale Director 2.00
Director
$0 $0 $0
Tony Valiente Director 0.00
Director
$0 $0 $0
Kenneth Spell Director 2.00
Director
$0 $0 $0
Joe Webb Director 2.00
Director
$0 $0 $0
Lonnie Richardson Esq Director 2.00
Director
$0 $0 $0
Keith Young Chairman 2.00
Director
$0 $0 $0
Ann Cumbie Director 2.00
Director
$0 $0 $0
Cynthia Lee Director 2.00
Director
$0 $0 $0
Michael Compo Esq Director 2.00
Director
$0 $0 $0
Reverand Aida Diego Director 2.00
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
2025 No data No data No data No data
2024 $9,136,151 $8,126,640 $9,674,232 $1,009,511
2023 $8,123,460 $6,441,892 $8,408,084 $1,681,568
2022 $6,082,758 $4,956,153 $6,615,215 $1,126,605
2021 $4,462,096 $3,013,466 $5,402,237 $1,448,630
2020 $3,191,649 $2,312,797 $4,208,906 $878,852
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