New Hope Community Development Group FY2024 filing

Tax-deductible

Greensboro, NC501(c)(3)Since 2004Human ServicesEIN 20-1507628Revenue $226K in FY2024

On file with the IRS306 S English St, 27401-3650 · Greensboro, NCTax-exempt since Feb 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Resource referral informal educ programs

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $62K a year · 25% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $70K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
+55% vs prior year
Spent
$185K
To programs
65%
Net assets
$110K
By yearFY2022–FY2025
Revenue
$226K
FY2024▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2022$83K
FY2023$145K
FY2024$226K
FY2025$258K
Expenses
$185K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$185K
FY2025$175K
Net assets
$110K
FY2024▲ +148%
Tap a bar for its year
Net assets by fiscal year
FY2022$62K
FY2023$45K
FY2024$110K
FY2025$167K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $121K Management & general 35% · $64K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

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
See New Hope Community Development Group executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects people with informal education programs and resources.

Questions for New Hope Community Development Group

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Provided by the organization

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1 program · $121K · in their own filed words · FY2024
01

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

$121Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$226K
Ln 12
Gifts and grantsLn 1h$226K
Investment incomeLn 3$2
Money outPt IX
$185K
Ln 25
Programscol B$121K
Managementcol C$64K
Owns and owesPt X
$110K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$110K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$226K
Investment incomeLn 3$2
Total revenueLn 12$226K
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
Total assetsLn 16$110K
LiabilitiesLn 26$0
Net assetsLn 32$110K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$45K$110K
Total assetsLn 16$45K$110K
LiabilitiesLn 26$0$0
Net assetsLn 32$45K$110K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$37K$37K
Other salaries and wagesLn 7$2K$2K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$127$127
Other fees for servicesLn 11g$115K$115K
Office expensesLn 13$9K$9K
OccupancyLn 16$2K$2K
TravelLn 17$6K$6K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$5K$4K$870
All other expensesLn 24e$3K$2K$1K
Total functional expensesLn 25$185K$121K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $258K$175K$82K$167K 990 PDF
FY2024 Viewing $226K$185K$41K$110K 990 PDF
FY2023 $145K$45K 990 PDF
FY2022 $83K$62K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $225,569 revenue, 12 lines filed
I-8 Contributions and grants$225,567
I-9 Program service revenue$0
I-10 Investment income$2
I-11 Other revenue$0
I-12 Total revenue$225,569
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$42,324
I-16a Professional fundraising fees$0
I-17 Other expenses$142,461
I-18 Total expenses$184,785
I-19 Revenue less expenses$40,784
Part VI · Governance 0 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $225,569 across 5 lines filed
VIII-1f All other contributions, gifts and grants$225,567
VIII-1h Total contributions, gifts and grants$225,567
VIII-3 Investment incomeRelated to mission $2$2
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2 · Unrelated business $0 · Excluded from tax $0$225,569
Part IX · Statement of functional expenses $184,785 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $36,960$36,960
IX-7 Other salaries and wagesManagement $2,356$2,356
IX-10 Payroll taxesManagement $3,008$3,008
IX-11b Legal feesManagement $127$127
IX-11g Other fees for servicesPrograms $115,471$115,471
IX-13 Office expensesManagement $8,869$8,869
IX-16 OccupancyManagement $2,400$2,400
IX-17 TravelManagement $5,580$5,580
IX-23 InsuranceManagement $2,785$2,785
IX-24 Other expenses (24a–d)Programs $3,632 · Management $870$4,502
IX-24e All other expensesPrograms $1,682 · Management $1,045$2,727
IX-25 Total functional expensesPrograms $120,785 · Management $64,000 · Fundraising $0$184,785
Part X · Balance sheet $110,318 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $44,518$110,318
X-16 Total assetsStart of year $44,518$110,318
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $44,518$110,318
X-33 Total liabilities and net assetsStart of year $44,518$110,318
Part XI · Reconciliation of net assets $110,318 net assets at year end
XI-1 Total revenue$225,569
XI-2 Total expenses$184,785
XI-3 Revenue less expenses$40,784
XI-4 Net assets at start of year$44,518
XI-9 Other changes in net assets$25,016
XI-10 Net assets at end of year$110,318

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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