House of New Hope Inc

Nonprofit profile at a glance

EIN
311391448
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Location
St Louisville, OH, USA
Phone
7403455437
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's, Youth Services
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,522,693
Expenses
$2,496,636
Assets
$879,525
Liabilities
$483,866

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • SHIRLEY SHARP PAID THROUGH 1132023 (EXECUTIVE DIRECTOR THROUGH)
  • KENT SEARLE (PRESIDENT)

Highest reported compensation

  • J EDWARD SHARP PAID THROUGH 113202 (CHIEF FINANCIAL OFFICER): $97,014 total reported compensation
  • SHIRLEY SHARP PAID THROUGH 1132023 (EXECUTIVE DIRECTOR THROUGH): $97,014 total reported compensation
  • DR AMY BELCASTRO-ANDREWS (COO/ADMINISTRATOR): $2,018 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

It is our mission to demonstrate the love and compassion of jesus christ by protecting and enhancing the safety and well-being of persons from all backgrounds and across the continuum of life through the effective integration of the christian faith and professionalpractice in all agency services.

What it reported doing in 2023

Foster care: house of new hope's trauma-informed treatment foster care program is a distinct, powerful, and unique model of care that provides children with a combination of the best elements of foster care and residential treatment centers. In treatment foster care, the positive aspects of the nurturing and therapeutic family environment are combined with active and structured trauma-informed treatment. The trauma-informed treatment foster program provides, in a clinically effective and cost-effective way, individualized and intensive treatment for children and adolescents who would otherwise be placed in institutional settings. The program serves over 225 traumatized children each year ranging in ages from birth through 21 years old in need of substitute care due to neglect, abuse, or behavioral disorders. Child-safety related outcomes: 1. 100% of youth served are kept safe from abuse/neglect while under care of provider. 2. Less than 1% of children are involved in awol events. 3. Top 25 percentile in all reported cfsr indicators for all franklin and cuyahoga county providers. 4. Timely reunification - top 50 percentile for all franklin county providers. 5. Placement recidivism - top 25 percentile for all franklin and cuyahoga county providers. 6. Short term placement stability - top 50 percentile for all franklin county providers and top 25 percentile for all cuyahoga county providers. 7. Moderate term placement stability - top 25 percentile for all franklin and cuyahoga county providers. 8. Long term placement stability - top 25 percentile for all franklin and cuyahoga county providers.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 90
  • Accountability: 91
  • Sustainability: 13
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -64%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 7.9%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: -1.3% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -0.1% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.3M in reported program spending
  • Leadership: top reported pay $97K · 10 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.