New Hope Development Services INC FY2020 filing

Tax-deductible

Jeffersonvlle, IN501(c)(3)Since 2017HousingEIN 82-0818155

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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.

501(c)(3) charity; gifts are tax-deductible.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.6M a year · 54% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.3M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
Spent
$968K
To programs
38%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$3.8M
FY2020
Revenue by fiscal year
FY2020$3.8M
FY2021$3.2M
FY2022$1.1M
FY2023$3.2M
FY2024$3.2M
FY2024$6.6M
Expenses
$968K
FY2020
Expenses by fiscal year
FY2020$968K
FY2021$1.4M
FY2022$1.3M
FY2023$1.6M
FY2024$1.4M
FY2024$1.6M
Net assets
$3.7M
FY2020
Net assets by fiscal year
FY2020$3.7M
FY2021$5.5M
FY2022$5.3M
FY2023$6.8M
FY2024$8.7M
FY2024$13.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $367K Management & general 62% · $601K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Assistant Se
$0Pt VII · Sec A
Assistant Tr
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022
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 →

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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

Builds and provides safe, decent, affordable housing for low- and moderate-income families.

Provided by the organization

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1 program service account for $367K of program spending, described in the organization's own filed words · FY2019.
01

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.

$367Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$291K
Money outPt IX
$968K
Ln 25
Programscol B$367K
Managementcol C$601K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$7.0M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$2.8M
Noncash giftsLn 1g$741K
Fees for servicesLn 2g$291K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$241K
Cash and savings togetherLn 1–2$241K
Land, buildings, equipmentLn 10c$5.2M
Other assetsLn 15$756K
Total assetsLn 16$7.0M
LiabilitiesLn 26$3.3M
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 52
VolunteersI 64
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$246K$241K
Land, buildings, equipmentLn 10c$886K$5.2M
Total assetsLn 16$1.3M$7.0M
LiabilitiesLn 26$482K$3.3M
Net assetsLn 32$835K$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$478K$478K
Pension plan contributionsLn 8$21K$21K
Other employee benefitsLn 9$27K$27K
Payroll taxesLn 10$27K$27K
Other fees for servicesLn 11g$52K$35K$17K
Advertising and promotionLn 12$393$393
Office expensesLn 13$6K$6K
Information technologyLn 14$1K$1K
OccupancyLn 16$73K$73K
TravelLn 17$617$617
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$22K$17K$5K
Depreciation, depletion and amortizationLn 22$56K$56K
InsuranceLn 23$138$138
Other expenses (24a–d)Ln 24$187K$187K$110
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$968K$367K$601K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.2M$1.4M$1.8M$8.7M 990 PDF
FY2023 $3.2M$1.6M$1.6M$6.8M 990 PDF
FY2022 $1.1M$1.3M−$199K$5.3M 990 PDF
FY2021 $3.2M$1.4M$1.8M$5.5M 990 PDF
FY2020 Viewing $3.8M$968K$2.9M$3.7M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $3,820,008 across 6 lines filed
VIII-1e Government grants$2,788,060
VIII-1f All other contributions, gifts and grants$741,375
VIII-1g Noncash contributions (included above)$741,375
VIII-1h Total contributions, gifts and grants$3,529,435
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $290,573$290,573
VIII-12 Total revenueRelated to mission $290,573$3,820,008
Part IX · Statement of functional expenses $967,996 across 16 lines filed
IX-7 Other salaries and wagesManagement $477,635$477,635
IX-8 Pension plan contributionsManagement $21,056$21,056
IX-9 Other employee benefitsManagement $27,396$27,396
IX-10 Payroll taxesManagement $26,749$26,749
IX-11g Other fees for servicesPrograms $35,471 · Management $16,710$52,181
IX-12 Advertising and promotionManagement $393$393
IX-13 Office expensesManagement $5,917$5,917
IX-14 Information technologyManagement $1,362$1,362
IX-16 OccupancyPrograms $72,697$72,697
IX-17 TravelManagement $617$617
IX-19 Conferences, conventions and meetingsManagement $5,333$5,333
IX-20 InterestPrograms $16,503 · Management $5,125$21,628
IX-22 Depreciation, depletion and amortizationPrograms $55,991$55,991
IX-23 InsuranceManagement $138$138
IX-24 Other expenses (24a–d)Programs $186,683 · Management $110$186,793
IX-24e All other expensesManagement $12,110$12,110
IX-25 Total functional expensesPrograms $367,345 · Management $600,651 · Fundraising $0$967,996
Part X · Balance sheet $6,981,248 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $245,762$241,152
X-3 Pledges and grants receivableStart of year $180,911$723,301
X-4 Accounts receivable$7,149
X-9 Prepaid expenses and deferred charges$13,496
X-10c Land, buildings and equipment, netStart of year $885,787$5,240,581
X-15 Other assetsStart of year $4,000$755,569
X-16 Total assetsStart of year $1,316,460$6,981,248
X-17 Accounts payable and accrued expensesStart of year $399,759$817,191
X-25 Other liabilitiesStart of year $81,777$1,154,430
X-26 Total liabilitiesStart of year $481,536$3,294,312
X-27 Net assets without donor restrictionsStart of year $53,361$598,522
X-28 Net assets with donor restrictionsStart of year $781,563$3,088,414
X-32 Total net assets or fund balancesStart of year $834,924$3,686,936
X-33 Total liabilities and net assetsStart of year $1,316,460$6,981,248
Part XI · Reconciliation of net assets $3,686,936 net assets at year end
XI-1 Total revenue$3,820,008
XI-2 Total expenses$967,996
XI-3 Revenue less expenses$2,852,012
XI-4 Net assets at start of year$834,924
XI-10 Net assets at end of year$3,686,936

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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