New Hope Home Inc

EIN: 952534815 501(c)(3)

Long Beach, CA

Total Revenue
$1,103,541
Total Expenses
$192,502
Total Assets
$9,892,165
Net Assets
$9,892,165
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
CA
Principal Officer
Alisha Wade
Phone
5626884113
Tax Period
2024-01-01 to 2024-12-31

New Hope Home Inc, founded in 1965, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 297% from the prior year, signaling strong growth momentum. The organization ran a surplus of $911K, a strong 83% operating margin.

Mission

provide affordable housing to elderly persons with low-income in long beach, ca

Program Service Accomplishments

Program 1
Expenses: $90,803

operation of a 140-unit apartment complex to provide affordable housing to elderly persons with low income in long beach, ca.

Program 2
Expenses: $10,900

grant to church to provide assistance to those in need

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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 $0
Program Service Revenue $1,099,811
Investment Income $3,730
Other Revenue $0
TOTAL REVENUE $1,103,541

Expense Breakdown

Grants Paid $10,900
Salaries & Benefits $72,500
Fundraising Expenses $0
Program Expenses $101,703
Other Expenses $109,102
TOTAL EXPENSES $192,502

Year-over-Year Comparison

2024 2023 Change
Revenue $1,103,541 $278,138 +3.0%
Expenses $192,502 $244,647 -0.2%
Net Income $911,039 $33,491 +26.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
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
$72,500
Total Directors
8
$72,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debra English-Johnson Secretary 1.00
Officer Director
$36,500 $0 $36,500
alisha wade CEO 1.00
Officer Director
$36,000 $0 $36,000
bertha green Secretary 1.00
Officer Director
$0 $0 $0
milyan moore Director 1.00
Director
$0 $0 $0
gillis monroe sr Director 1.00
Director
$0 $0 $0
gillis m monroe Director 1.00
Director
$0 $0 $0
jabin wade President 1.00
Director
$0 $0 $0
Lenston Marrow 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
2024 $1,103,541 $192,502 $9,892,165 $911,039
2023 $278,138 $244,647 $8,981,126 $33,491
2022 $516,528 $596,745 $8,947,635 $-80,217
2021 $325,893 $166,526 $8,882,684 $159,367
2021 $269,191 $124,023 $9,027,852 $145,168
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