PH NEW MARKETS INC

EIN: 874019204 501(c)(3) Human Services

CLEVELAND, OH

Total Revenue
$452,485
Total Expenses
$841,932
Total Assets
$8,219,005
Net Assets
$-397,553
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
OH
Principal Officer
TIMOTHY FLANAGAN
Phone
2166515982
Tax Period
2025-01-01 to 2025-12-31

PH NEW MARKETS INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $452K in total revenue in fiscal year 2025. Expenses of $842K exceeded revenue, resulting in a 86% operating deficit.

Mission

PH NEW MARKETS INC WAS CREATED TO ACQUIRE, LEASE, HOLD, CONSTRUCT, DEVELOP, MAINTAIN AND OPERATE A CRISIS NURSERY FACILITY FOR THE BENEFIT OF PROVIDENCE HOUSE, INC.

Program Service Accomplishments

Program 1
Expenses: $318,973

PH NEW MARKETS INC IS A SUPPORTING ENTITY OF PROVIDENCE HOUSE INC. PROVIDENCE HOUSE PROVIDES FOUR PROGRAMS TO KEEP CHILDREN NEWBORN THROUGH 12 YEAR-OLD SAFE, AND THEIR FAMILIES TOGETHER DURING TIMES...

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PH NEW MARKETS INC IS A SUPPORTING ENTITY OF PROVIDENCE HOUSE INC. PROVIDENCE HOUSE PROVIDES FOUR PROGRAMS TO KEEP CHILDREN NEWBORN THROUGH 12 YEAR-OLD SAFE, AND THEIR FAMILIES TOGETHER DURING TIMES OF CRISIS, WE PROVIDE FOR CHILDREN'S PHYSICAL, EMOTIONAL, DEVELOPMENTAL, AND EDUCATIONAL NEEDS, AND SUPPORT FAMILIES THROUGH COUNSELING, CONNECTIONS TO RESOURCES, AND CULTIVATING NURTURING PRACTICES. WE STRENGTHEN THE COMMUNITY BY ADVOCATING FOR UNDERSERVED FAMILIES AND DEMONSTRATING THE LASTING IMPACT OF FAMILY PRESERVATION.IN FISCAL YEAR 2024-2025, 2,141 CHILDREN AND FAMILIES WERE SERVED BETWEEN ALL OF OUR PROGRAMS. FAMILIES TURN TO PROVIDENCE HOUSE WHEN THEY ARE EXPERIENCING ACTIVE CRISIS AND (CONTINUED ON SCHEDULE O) SEEKING SAFE, EMERGENCY SHELTER FOR THEIR CHILDREN AND SUPPORT FOR THEIR FAMILY SO THEY DO NOT LOSE CUSTODY. LAST YEAR, 214 CHILDREN WERE ADMITTED INTO OUR CRISIS NURSERIES AND PROVIDED WITH 3,695 DAYS OF CARE.CHILDREN WERE SERVED IN OUR TRADITIONAL FAMILY PRESERVATION CRISIS NURSERY SERVICES AND OUR EMERGENCY PLACEMENT PROGRAM IN PARTNERSHIP WITH THE CUYAHOGA COUNTY DIVISIONOF CHILDREN AND FAMILY SERVICES. ADDITIONALLY, FAMILIES FROM THROUGHOUT GREATER CLEVELAND PARTICIPATED IN OUR FAMILY PRESERVATION SERVICES DURING THEIR CHILD'S STAY AT PROVIDENCE HOUSE. THIS INCLUDES 699 PARENT VISITS, 309 REFERRALS FOR ADDITIONAL SUPPORT SERVICES, 772 CASE MANAGEMENT SESSIONS, 189 PARENT SUPPORT SESSIONS, AND DISTRIBUTION OF 144 BUS PASSES TO HELP ADDRESS TRANSPORTATION BARRIERS THAT PREVENT MANY OF OUR CLIENTS FROM ACCESSING SERVICES. THROUGH OUR UNIQUE, MULTI-GENERATIONAL CRISIS NURSERY MODEL, 99.5% OF CHILDREN RETURNED HOME TO THEIR PARENT OR GUARDIAN AFTER STATING AT PROVIDENCE HOUSE,AND 98% OF OUR FAMILIES WERE FULLY ENGAGED IN OUR PRESERVATION SERVICES. ADDITIONALLY, 91 FAMILIES PARTICIPATED IN OUR VOLUNTARY AFTERCARE PROGRAM TO RECEIVE ONGOING SUPPORT INCLUDING CASE MANAGEMENT AND WEEKLY GROUP PARENT EDUCATION.TO FURTHER SERVE THE COMMUNITY, PROVIDENCE HOUSE PROVIDED 1,106 ESSENTIAL NEED ITEMS TO 312 FAMILIES THROUGH OUR COMMUNITY REFERRAL PROGRAM. PROVIDENCE HOUSE IS PRIMARILY FUNDED THROUGH PRIVATE DONATIONS FROM FOUNDATIONS, CORPORATIONS, INDIVIDUALS, GROUPS AND RECEIVES SOME GOVERNMENT GRANT FUNDING. WE DO NOT CHARGE OUR FAMILIES ANY FEES FOR OUR SERVICES.

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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 $0
Program Service Revenue $0
Investment Income $21
Other Revenue $452,464
TOTAL REVENUE $452,485

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $36,877
Program Expenses $318,973
Other Expenses $841,932
TOTAL EXPENSES $841,932

Year-over-Year Comparison

2025 2024 Change
Revenue $452,485 $443,645 +0.0%
Expenses $841,932 $741,450 +0.1%
Net Income $-389,447 $-297,805 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY FLANAGAN BOARD CHAIR & PRESIDENT 1.00
Officer Director
$0 $0 $0
EDWARD BELL DIRECTOR 1.00
Director
$0 $0 $0
JAYNE JUVAN SECRETARY AND COUNSEL 1.00
Officer Director
$0 $0 $0
JOSEPH LUKAC TREASURER 1.00
Officer Director
$0 $0 $0
JEFFREY ORLOFF DIRECTOR 1.00
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 $452,485 $841,932 $8,219,005 $-389,447
2024 $443,645 $741,450 $8,418,233 $-297,805
2023 $320,821 $599,019 $9,001,973 $-278,198
2022 $224,515 $430,766 $9,654,800 $-206,251
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