NEW HOPE DEVELOPMENT SERVICE INC

EIN: 820818155 501(c)(3) Housing & Shelter

JEFFERSONVILLE, IN

Total Revenue
$6,556,546
Total Expenses
$1,649,164
Total Assets
$21,915,520
Net Assets
$13,515,453
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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
2017
Legal Domicile
IN
Principal Officer
ALLAN KLIMUSKO
Phone
8122888248
Tax Period
2024-07-01 to 2025-06-30

NEW HOPE DEVELOPMENT SERVICE INC, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 75% operating margin.

Mission

TO FOSTER, PROMOTE, DEVELOP AND PROVIDE HOUSING THAT IS SAFE, DECENT AND AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN THE REGION.

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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 $5,681,016
Program Service Revenue $387,246
Investment Income $222
Other Revenue $488,062
TOTAL REVENUE $6,556,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,831
Fundraising Expenses $0
Program Expenses $853,108
Other Expenses $1,605,333
TOTAL EXPENSES $1,649,164

Year-over-Year Comparison

2024 2023 Change
Revenue $6,556,546 $3,208,145 +1.0%
Expenses $1,649,164 $1,374,365 +0.2%
Net Income $4,907,382 $1,833,780 +1.7%
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
3
Independent Members
3
Employees
2
Volunteers
4

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
7
$923,135
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS BOTTORFF CHAIR 0.70
Officer Director
$0 $0 $0
WILL DIERKING BOARD MEMBER 0.70
Director
$0 $0 $0
CASSANDRA DAWLEY TREASURER/SECRETARY 0.70
Officer Director
$0 $0 $0
JODY RESCHAR HEAZLITT CEO/PRESIDENT 1.00
Officer
$0 $50,685 $322,153
ELIZABETH BOYD SVP/COO 1.00
Officer
$0 $39,357 $194,255
KIMBERLY TUNGATE EXECUTIVE SECRETARY 1.00
Officer
$0 $15,925 $115,748
JEFF FORTWENGLER SVP/CFO 1.00
Officer
$0 $12,148 $145,974
JOHN BROADY CONTRACT CFO 1.00
Officer
$0 $9,829 $145,005
JAMES BOSLEY FORMER CEO/PRESIDENT (THRU 1/13/2 0.00
$658,602 $0 $658,602
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 $6,556,546 $1,649,164 $21,915,520 $4,907,382
2024 $3,208,145 $1,374,365 $15,605,871 $1,833,780
2023 $3,171,921 $1,601,549 $14,071,279 $1,570,372
2022 $1,071,566 $1,270,525 $12,663,870 $-198,959
2021 $3,214,747 $1,438,557 $10,482,121 $1,776,190
2020 $3,820,008 $967,996 $6,981,248 $2,852,012
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