New Hope Housing Inc
Nonprofit profile at a glance
- EIN
- 541060634
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Alexandria, VA, USA
- Phone
- 7034773508
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $10,220,580
- Expenses
- $10,733,601
- Assets
- $3,272,740
- Liabilities
- $1,892,093
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- HUBERT RONNIE BAGLEY (PRESIDENT)
- LIANNE WANG (VICE PRESIDENT)
- ASHLEY MCSWAIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- ASHLEY MCSWAIN (EXECUTIVE DIRECTOR): $196,395 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New hope housing provides homeless individuals with shelter and the tools to build a better life.
What it reported doing in 2024
New hope housing, inc. Is an innovative, award-winning human services agency in northern Virginia that provides shelter, rapid rehousing, and permanent supportive housing, support services, and outreach programs for individuals experiencing homelessness. As well as prevention assistance for those at imminent risk of becoming homeless. New hope housing is committed to finding creative, lasting solutions to end the cycle of homelessness by offering homeless men and women the services they need to change their lives and succeed. And each individual success story contributes to a stronger, healthier community for all. New hope housing serves approximately 1,500 individuals each year in arlington, alexandria, fairfax, and falls church.
Operating model
- Revenue model
- Earned-program. 78% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 65
- Accountability: 90
- Sustainability: 22
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92%; rating input score 92
- Program expense ratio: 82.9%; rating input score 83
- Fundraising efficiency: $5.78 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: Fail
Sustainability
- Operating margin: -5%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 6.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 92% of revenue deployed · 82.9% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $8.9M in reported program spending
- Leadership: top reported pay $196K · 9 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $867K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 23/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.