New Hope Community Development Corporation EIN 68-0440554

New Hope Community Development Corporation

EIN  68-0440554 Public charity (501(c)(3)) Woodland, CA Founded 1999
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Develop affordable housing and provide related services for low-income families, seniors, and disabled persons.
Leadership
Dawnte Early · Chair
Money in and out
$707K revenue, $484K expenses
Bottom line
88% program efficiency

Develop affordable housing and provide related services for low-income families, seniors, and disabled persons. For fiscal year 2024 it reported $707K in revenue, $484K in expenses, and $1.6M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$707K
Pt VIII · Ln 12
Total expenses
$484K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $223K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
23.9mo
months of highly liquid reserves at operating expense rate▲ +39% vs prior filing year
Surplus margin
+32%
revenue over expenses, this year▲ +731% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$707K
FY2024▲ +7%
Expenses
$484K
FY2024▼ -24%
Total assets
$3.3M
FY2024▲ +2%
Total liabilities
$1.7M
FY2024▼ -9%
Total revenue
$707K
Pt VIII · Ln 12
Total expenses
$484K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$223K
Total assetsPt X · Ln 16$3.3M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $424K of program spending, described in the organization's own filed words · FY2024.
01

To provide affordable housing for low-income families, seniors, and disabled persons.

$424Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Hope Community Development Corporation
EINHdr · item D68-0440554
Principal addressHdr · item CWoodland, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1999
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFApr 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (until 1/25)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$694K · 98%
Contributions & grants$11K · 2%
Program service revenue98%$694K
Contributions & grants2%$11K
Investment income$709
Other revenue$1K
Total revenueLn 12$707K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$424K
Management & general12%$60K
Total functional expensesLn 25$484K

Balance Sheet

Part X · end of year
CashLn 1$963K
Total assetsLn 16$3.3M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$1.6M
Months of cash on handcomputed23.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $963K · Operating expenses/yr $484K
23.9 months
Where the money goes
Program services
Program services $424K · Total expenses $484K
88%
Management & General
Management & general $60K · Total expenses $484K
12%
Fundraising
Fundraising $0 · Total expenses $484K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $707K
2%
Government reliance
Government grants — · Total revenue $707K
Earned-income share
Program service revenue $694K · Total revenue $707K
98%
Investment reliance
Investment income $709 · Total revenue $707K
0%
Program self-sufficiency
Program service revenue $694K · Total expenses $484K
143%
Growth & trend
Revenue growth (YoY)
This year $707K · Prior year $660K
+7%
Revenue CAGR
FY2019 $530K · FY2024 $707K
+6%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $707K · Expenses $484K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
Net-asset ratio
Net assets $1.6M · Total assets $3.3M
48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dawnte Early · Reported title CHAIR · Highest reported compensation $0 · Total expenses $484K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $484K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Revenue growth 7%

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.

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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$660K revenue · ⤓ 990 PDF
FY2023$666K revenue · ⤓ 990 PDF
FY2022$381K revenue · ⤓ 990 PDF
FY2021$496K revenue · ⤓ 990 PDF
FY2020$530K 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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