New Hope INC EIN 22-2688243 Form 990 (PDF) Claim this org

New Hope INC

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Helps people achieve independence by providing support with housing, education, childcare, and transportation. For fiscal year 2025 it reported $298K in revenue, $174K in expenses, and $777K in net assets.Pt I

Founded
1985
Type
Public charity (501(c)(3)) · Nonprofit
Location
Woodcliff Lake, NJ
Filings
5 on file (2021–2025)
Revenue
$298KFY2025
Expenses
$174K
Net assets
$777K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-2688243 Public charity (501(c)(3)) Woodcliff Lake, NJ Founded 1985
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps people achieve independence by providing support with housing, education, childcare, and transportation.
Leadership
Timothy Dougherty · President/Treasurer
Money in and out
$298K revenue, $174K expenses
Bottom line
95% program efficiency
Where the money goes · FY2025
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$777K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $124K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
52.9mo
months of highly liquid reserves at operating expense rate▼ -14% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▼ -37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$298K
FY2025▼ -21%
Expenses
$174K
FY2025▲ +38%
Total assets
$777K
FY2025▲ +19%
Total liabilities
$0
FY2025
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$777K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$124K
Total assetsPt X · Ln 16$777K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Hope INC
EINHdr · item D22-2688243
Principal addressHdr · item CWoodcliff Lake, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1985
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $96K of program spending, described in the organization's own filed words · FY2025.
01

Joan of Arc Maternity Home

Shelter for up to 4 moms and their babies that had a soft open on july 1, 2023. Expenses include rent, utilities, furnishings, appliances, safety systems, insurance, supplies and services. Grants are for food subsidies given to the moms.

$74Kprogram expense
02

Home Care Grants

Subsidies to allow clients and their babies to live in their homes and work toward self-sufficiency. Includes subsidies for rent, utilities, furnishings and telephone.

$15Kprogram expense
03

Childcare Grants

Subsidies for childcare to allow moms to work or to go to school.

$7Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$257K · 86%
Other revenue$23K · 8%
Investment income$17K · 6%
Contributions & grants86%$257K
Other revenue8%$23K
Investment income6%$17K
Total revenueLn 12$298K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$165K
Management & general5%$9K
Total functional expensesLn 25$174K

Balance Sheet

Part X · end of year
CashLn 1$766K
Total assetsLn 16$777K
Total liabilitiesLn 26$0
Total net assetsLn 32$777K
Months of cash on handcomputed52.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $766K · Operating expenses/yr $174K
52.9 months
Where the money goes
Program services
Program services $165K · Total expenses $174K
95%
Management & General
Management & general $9K · Total expenses $174K
5%
Fundraising
Fundraising $0 · Total expenses $174K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $291K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $257K · Total revenue $298K
86%
Government reliance
Government grants — · Total revenue $298K
Earned-income share
Program service revenue $0 · Total revenue $298K
0%
Investment reliance
Investment income $17K · Total revenue $298K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $174K
0%
Growth & trend
Revenue growth (YoY)
This year $298K · Prior year $377K
-21%
Revenue CAGR
FY2021 $168K · FY2025 $298K
+15%
Net-asset trend (YoY)
End of year $777K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $298K · Expenses $174K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $777K
Net-asset ratio
Net assets $777K · Total assets $777K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $777K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Timothy Dougherty · Reported title PRESIDENT/TREASURER · Highest reported compensation $0 · Total expenses $174K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $174K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth -21%

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 1 funder$6K
Grants paid · 8 grants · $46K · 2023–2024
Unitemized GrantFY2024$16,137
Unitemized GrantFY2024$3,915
Unitemized GrantFY2024$1,567
Unitemized GrantFY2023$7,287
Unitemized GrantFY2023$5,050
Unitemized GrantFY2023$5,050
Unitemized GrantFY2023$4,807
Unitemized GrantFY2023$2,265

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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)$298K revenue · viewing · ⤓ 990 PDF
FY2024$377K revenue · ⤓ 990 PDF
FY2023$314K revenue · ⤓ 990 PDF
FY2022$153K revenue · ⤓ 990 PDF
FY2021$168K 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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