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.

Program Service Accomplishments

Program 1
Expenses: $2,093,540 Revenue: $2,093,540

New Vision House of Hope, Inc. successfully operated the supportive services for veteran familities (SSVF) - the primary aim of the SSVF program is to help veteran families who are homeless or...

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New Vision House of Hope, Inc. successfully operated the supportive services for veteran familities (SSVF) - the primary aim of the SSVF program is to help veteran families who are homeless or at-risk of homelessness quickly regain stability in permanent housing after experiencing a housing crisis and/or homelessness. For veterans at risk of losing housing, SSVF grant funds provide supportive services to very low-income veteran families that fall within one of the three categories of occupying permanenthousing, including homeless prevention, financial help and supportive services. The staff of the SSVF grant provide the following supportive services: rapid rehousing, rental assistance, outreach services, case management services, assistance in obtaining VA benefits, employment assistance, legal services, health, child care, emergency supplies, and car repair for veterans that are eligible.

Program 2
Expenses: $461,030 Revenue: $461,030

New Vision House of Hope, Inc. successfully operated the Ryan White program which provides comprehensive care including medical care and supportive services for people living with human...

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New Vision House of Hope, Inc. successfully operated the Ryan White program which provides comprehensive care including medical care and supportive services for people living with human immuodeficiency virus (HIV) or acquired immunodeficiency syndrome (AIDS).

Program 3
Expenses: $372,139 Revenue: $372,139

New Vision House of Hope, Inc. successfully operated the Homeless Veterans Reintegration program which provides career exploration and supportive services to veterans experiencing homelessness to...

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New Vision House of Hope, Inc. successfully operated the Homeless Veterans Reintegration program which provides career exploration and supportive services to veterans experiencing homelessness to help them secure employment opportunities.

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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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Liquidity & Cash Position

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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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