Nhc Foundation INC EIN 14-1730634

Nhc Foundation INC

EIN  14-1730634 Public charity (501(c)(3)) Loch Sheldrke, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowering people with disabilities to live, work, and participate in their communities.
Leadership
Robert Dinerstein · Secretary/Treasurer
Money in and out
$599K revenue, $149K expenses
Bottom line
30% program efficiency

Empowering people with disabilities to live, work, and participate in their communities. For fiscal year 2024 it reported $599K in revenue, $149K in expenses, and $5.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$149K
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $450K
Where spending went · Part IX cols B–D
Program services $0.30 Management & general $0.70
Program efficiency
30%
of spending reaches programs▲ +31% vs prior filing year
Operating runway
439.2mo
months of highly liquid reserves at operating expense rate▲ +136% vs prior filing year
Surplus margin
+75%
revenue over expenses, this year▲ +27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$599K
FY2024▼ -18%
Expenses
$149K
FY2024▼ -50%
Total assets
$5.5M
FY2024▲ +17%
Total liabilities
$4K
FY2024▼ -92%
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$149K
Pt IX · Ln 25
Net assets
$5.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$450K
Total assetsPt X · Ln 16$5.5M
Program-expense ratioPt IX · col B30%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $45K of program spending, described in the organization's own filed words · FY2024.
01

The foundation supported other tax exempt organizations by giving grants that create and provide individual choices and supports for people with developmental and other disabilities to live, work and participate in the communities.

$45Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNhc Foundation INC
EINHdr · item D14-1730634
Principal addressHdr · item CLoch Sheldrke, NY
WebsiteHdr · item Jwww.newhopecommunity.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Trustee (until 03/2024)
$0Pt VII · Sec A
Secretary (until 03/2024)
$0Pt VII · Sec A
Trustee (until 03/2024)
$0Pt VII · Sec A
Trustee (until 03/2024)
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
See Nhc Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$336K · 56%
Investment income$195K · 33%
Other revenue$68K · 11%
Contributions & grants56%$336K
Investment income33%$195K
Other revenue11%$68K
Total revenueLn 12$599K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.30 Management & general $0.70
Program services30%$45K
Management & general70%$104K
Total functional expensesLn 25$149K

Balance Sheet

Part X · end of year
CashLn 1$255K
Total assetsLn 16$5.5M
Total liabilitiesLn 26$4K
Total net assetsLn 32$5.5M
Months of cash on handcomputed20.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.5M · Operating expenses/yr $149K
439.2 months
Where the money goes
Program services
Program services $45K · Total expenses $149K
30%
Management & General
Management & general $104K · Total expenses $149K
70%
Fundraising
Fundraising $0 · Total expenses $149K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $105K · Solicited contributions (3-yr avg) $272K
$0.38 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $336K · Total revenue $599K
56%
Government reliance
Government grants — · Total revenue $599K
Earned-income share
Program service revenue $0 · Total revenue $599K
0%
Investment reliance
Investment income $195K · Total revenue $599K
+33%
Program self-sufficiency
Program service revenue $0 · Total expenses $149K
0%
Growth & trend
Revenue growth (YoY)
This year $599K · Prior year $734K
-18%
Revenue CAGR
FY2020 $591K · FY2024 $599K
0%
Net-asset trend (YoY)
End of year $5.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $599K · Expenses $149K
+75%
Liabilities-to-Assets
Total liabilities — · Total assets $5.5M
Net-asset ratio
Net assets $5.5M · Total assets $5.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.5M
95%
People & payroll
Highest Reported Total Compensation
Individual Robert Dinerstein · Reported title SECRETARY/TREASURER · Highest reported compensation $0 · Total expenses $149K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $149K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 30%
Overhead ratio 70%
Fundraising cost ratio 0%
Revenue growth -18%
Investment management fee ratio 1%
Legal fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$40K
Grants paid · 3 grants · $167K · 2020–2024
New Hope Community INCNY · FY2024$33,332
New Hope Community INCNY · FY2023$53,000
New Hope Community INCNY · FY2020$80,570

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$599K revenue · viewing · ⤓ 990 PDF
FY2023$734K revenue · ⤓ 990 PDF
FY2022$223K revenue · ⤓ 990 PDF
FY2021$515K revenue · ⤓ 990 PDF
FY2020$591K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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