New Hope Community Development Group EIN 20-1507628 Form 990 (PDF) Claim this org

New Hope Community Development Group

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Connects people with informal education programs and resources. For fiscal year 2025 it reported $258K in revenue, $175K in expenses, and $167K in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Human Services
Location
Greensboro, NC
Filings
4 on file (2022–2025)
Revenue
$258KFY2025
Expenses
$175K
Net assets
$167K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  20-1507628 Public charity (501(c)(3)) Greensboro, NC Founded 2004
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects people with informal education programs and resources.
Leadership
Walter M Richmond · President
Money in and out
$258K revenue, $175K expenses
Bottom line
73% program efficiency
Where the money goes · FY2025
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$167K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $82K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate▲ +58% vs prior filing year
Surplus margin
+32%
revenue over expenses, this year▲ +77% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$258K
FY2025▲ +14%
Expenses
$175K
FY2025▼ -5%
Total assets
$167K
FY2025▲ +51%
Total liabilities
$0
FY2025
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$167K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$82K
Total assetsPt X · Ln 16$167K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Hope Community Development Group
EINHdr · item D20-1507628
Principal addressHdr · item CGreensboro, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2004
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFFeb 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $128K of program spending, described in the organization's own filed words · FY2025.
01

Increased program and community outreach capacity by delivering community resources and services

$128Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$258K
Investment income$27
— government grantsLn 1e$171K
Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$128K
Management & general27%$47K
Total functional expensesLn 25$175K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$167K
Total liabilitiesLn 26$0
Total net assetsLn 32$167K
Months of cash on handcomputed11.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $167K · Operating expenses/yr $175K
11.4 months
Where the money goes
Program services
Program services $128K · Total expenses $175K
73%
Management & General
Management & general $47K · Total expenses $175K
27%
Fundraising
Fundraising $0 · Total expenses $175K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $156K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $258K · Total revenue $258K
100%
Government reliance
Government grants $171K · Total revenue $258K
66%
Earned-income share
Program service revenue $0 · Total revenue $258K
0%
Investment reliance
Investment income $27 · Total revenue $258K
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $175K
0%
Growth & trend
Revenue growth (YoY)
This year $258K · Prior year $226K
+14%
Net-asset trend (YoY)
End of year $167K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $258K · Expenses $175K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $167K
Net-asset ratio
Net assets $167K · Total assets $167K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $167K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Walter M Richmond · Reported title President · Highest reported compensation $0 · Total expenses $175K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $28K · Total expenses $175K
16%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Revenue growth 14%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$70K

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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
FY2025 (Latest)$258K revenue · viewing · ⤓ 990 PDF
FY2024$226K revenue · ⤓ 990 PDF
FY2023$145K revenue · ⤓ 990 PDF
FY2022$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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