Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
52 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
9 people listed on the 990; $659K paid to officers and key staff.
James Bosley’s $659K as Former CEO/President (thru 1/13/2 is at the 100th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| James Bosley | $658,602 | $171,611 | $304,731 | $389,433 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See New Hope Development Services INC executive salaries →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
Builds and provides safe, decent, affordable housing for low- and moderate-income families.
Questions for New Hope Development Services INC
Your first name shows with your question. New Hope Development Services INC answers here, for everyone.
To foster, promote, develop and provide housing that is safe, decent and affordable to low-income and moderate-income individuals and families in the region.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported 1 finding: a weakness in money controls.
The auditor reported 2 findings: a material weakness in money controls.
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $97K | $586K |
| Land, buildings, equipmentLn 10c | $13.8M | $20.3M |
| Total assetsLn 16 | $15.6M | $21.9M |
| LiabilitiesLn 26 | $6.9M | $8.4M |
| Net assetsLn 32 | $8.7M | $13.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $26K | $26K | ||
| Pension plan contributionsLn 8 | $1K | $1K | ||
| Other employee benefitsLn 9 | $297 | $297 | ||
| Payroll taxesLn 10 | $17K | $17K | ||
| Management feesLn 11a | $711K | $711K | ||
| Legal feesLn 11b | $201 | $201 | ||
| Accounting feesLn 11c | $35K | $35K | ||
| Advertising and promotionLn 12 | $589 | $589 | ||
| Office expensesLn 13 | $1K | $1K | ||
| OccupancyLn 16 | $175K | $175K | ||
| TravelLn 17 | $119 | $119 | ||
| Conferences, conventions and meetingsLn 19 | $975 | $975 | ||
| InterestLn 20 | $92K | $89K | $2K | |
| Depreciation, depletion and amortizationLn 22 | $432K | $432K | ||
| Other expenses (24a–d)Ln 24 | $158K | $157K | $834 | |
| Total functional expensesLn 25 | $1.6M | $853K | $796K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 14, 2026 | $6.6M | $1.6M | $4.9M | $13.5M | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $3.2M | $1.4M | $1.8M | $8.7M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $3.2M | $1.6M | $1.6M | $6.8M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $1.1M | $1.3M | −$199K | $5.3M | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $3.2M | $1.4M | $1.8M | $5.5M | 990 PDF |
| FY2020Filed with the IRS May 10, 2021 | $3.8M | $968K | $2.9M | $3.7M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $6,556,546 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, no flags
Part VIII · Statement of revenue $6,556,546 across 7 lines filed
Part IX · Statement of functional expenses $1,649,164 across 15 lines filed
Part X · Balance sheet $21,915,520 assets, 13 lines filed
Part XI · Reconciliation of net assets $13,515,453 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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