New Beginnings of Tampa Inc

Nonprofit profile at a glance

EIN
522376444
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Tampa, FL, USA
Phone
8139716961
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Shelters

Reported finances

Revenue
$1,841,027
Expenses
$1,856,944
Assets
$1,325,252
Liabilities
$24,970

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • THOMAS E ATCHISON (PRESIDENT)

People named in this filing

  • THOMAS E ATCHISON (PRESIDENT)
  • DANIEL BERNARD (TREASURER)
  • JEFF HOLLEY (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organization runs a large transitional housing and homeless recovery program that provides unaccomplished women, men and young adults over the age of 18 (including veterans) with a safe place to live, food, clothing conseling and job training.

What it reported doing in 2024

The organization provided daily meals for over 1,275 men, women nd young adults at emergency missions, homes and duplexes owned and rented by the organization. The organization provided over 1,200 hot meals per week to underprivileged families in the tampa bay region. The organization provided food boxes and hygiene products to hundreds of needy families with children and also provided literacy and ged classes open to all ages free of charge. The organization also provided youth activites and mentorship together with special events during holidays with free toys for underprivileged children as well as provided over 10,000 meals per month to individuals at facilities. The organization provided occupational training and mentorship for over 175 men, women and young adults. Also provided extensive work therapy as a part of its overall recovery program. Maintained a thrift store operation to provide the opportunity to learn or re-learn disciplined work habits, gain job skills and develop a sense of self-worth and value. New beginning of tampa, inc is a non profit which runs a large transitional housing and homeless recovery program. Housed and fed in excess of 1,200 homeless people at emergency shelters. The organization provided transitional housing, food, rehbilitation and substance abuse assistance to 175 men, women and young adults at duplexes and rental homes (including utilities, repairs and maintenance) owned by the organization.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 83
  • Accountability: 36
  • Sustainability: 42
  • Growth: 80

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th 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: Limited
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.9%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 19.8% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: -0% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Sustainability: Operating margin scored 33/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.