New Vision House of Hope Inc

EIN: 900119755 501(c)(3) Education

Baltimore, MD

Total Revenue
$3,636,097
Total Expenses
$3,949,199
Total Assets
$2,004,916
Net Assets
$558,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MD
Principal Officer
Charles Culver
Phone
4104668558
Tax Period
2024-09-01 to 2025-08-31

New Vision House of Hope Inc, founded in 2003, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024.

Mission

Provide residential, transitional housing services to individuals recovering from substance abuse and homelessness.

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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 $2,929,037
Program Service Revenue $706,531
Investment Income $0
Other Revenue $529
TOTAL REVENUE $3,636,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,516,536
Fundraising Expenses $0
Program Expenses $3,879,854
Other Expenses $2,432,663
TOTAL EXPENSES $3,949,199

Year-over-Year Comparison

2024 2023 Change
Revenue $3,636,097 $3,755,406 0.0%
Expenses $3,949,199 $3,743,289 +0.1%
Net Income $-313,102 $12,117 -26.8%
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
9
Independent Members
8
Employees
44
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
1
$105,000
Total Directors
8
$9,400
Key Employees
1
$105,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Culver Sr Chairman & Executive Director 40.00
Officer Key Emp Highest
$105,000 $0 $105,000
Michael McNeil Vice Chairman 10.00
Director
$0 $0 $0
Rhonda Bell Treasurer 10.00
Director
$0 $0 $0
Marshall Bell Chair of Nominating Committee 10.00
Director
$0 $0 $0
Alicia Brockington Secretary 10.00
Director
$0 $0 $0
Cheryl Gross Fundraising Chair 10.00
Director
$9,400 $0 $9,400
Deborah Warner-Dennis Member 10.00
Director
$0 $0 $0
Wilfredo Torriente Member 10.00
Director
$0 $0 $0
Tayo Okunseinde Member 10.00
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 $3,636,097 $3,949,199 $2,004,916 $-313,102
2024 $3,755,406 $3,743,289 $1,860,169 $12,117
2023 $3,791,592 $3,377,508 $1,045,888 $414,084
2022 $2,619,839 $2,520,415 $632,889 $99,424
2021 $3,255,760 $2,906,164 $558,532 $349,596
2020 $2,085,228 $2,042,073 $366,687 $43,155
2019 $1,666,245 $1,756,544 $161,910 $-90,299
2018 $1,886,379 $1,961,649 $194,196 $-75,270
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