Ph New Markets Inc

Nonprofit profile at a glance

EIN
874019204
IRS 990 coverage
2022–2025
Forms available
Form 990 2025
Location
Cleveland, OH, USA
Phone
2166515982
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$452,485
Expenses
$841,932
Assets
$8,219,005
Liabilities
$8,616,558

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TIMOTHY FLANAGAN (BOARD CHAIR & PRESIDENT)

People named in this filing

  • TIMOTHY FLANAGAN (BOARD CHAIR & PRESIDENT)
  • EDWARD BELL (DIRECTOR)
  • JAYNE JUVAN (SECRETARY AND COUNSEL)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ph new markets inc was created to acquire, lease, hold, construct, develop, maintain and operate a crisis nursery facility for the benefit of providence house, inc.

What it reported doing in 2025

Ph new markets inc is a supporting entity of providence house inc. Providence house provides four programs to keep children newborn through 12 year-old safe, and their families together during times of crisis, we provide for children's physical, emotional, developmental, and educational needs, and support families through counseling, connections to resources, and cultivating nurturing practices. We strengthen the community by advocating for underserved families and demonstrating the lasting impact of family preservation.in fiscal year 2024-2025, 2,141 children and families were served between all of our programs. Families turn to providence house when they are experiencing active crisis and (continued on schedule o) seeking safe, emergency shelter for their children and support for their family so they do not lose custody. Last year, 214 children were admitted into our crisis nurseries and provided with 3,695 days of care.children were served in our traditional family preservation crisis nursery services and our emergency placement program in partnership with the cuyahoga county divisionof children and family services. Additionally, families from throughout greater cleveland participated in our family preservation services during their child's stay at providence house. This includes 699 parent visits, 309 referrals for additional support services, 772 case management sessions, 189 parent support sessions, and distribution of 144 bus passes to help address transportation barriers that prevent many of our clients from accessing services. Through our unique, multi-generational crisis nursery model, 99.5% of children returned home to their parent or guardian after stating at providence house, and 98% of our families were fully engaged in our preservation services. Additionally, 91 families participated in our voluntary aftercare program to receive ongoing support including case management and weekly group parent education.to further serve the community, providence house provided 1,106 essential need items to 312 families through our community referral program. Providence house is primarily funded through private donations from foundations, corporations, individuals, groups and receives some government grant funding. We do not charge our families any fees for our services.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 35
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.5%; rating input score 70
  • Program expense ratio: 37.9%; rating input score 38
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -86.1%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 9.76; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 1.05; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 18.4% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 22.4% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: -5.5% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 70.5% of revenue deployed · 37.9% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $319K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Program expense ratio scored 38/100.
  • High — Financial Efficiency: Fundraising efficiency scored 1/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.