Quick charity verification for New Hope Development Corporation (EIN: 222098953)
Verdict: New Hope Development Corporation appears trustworthy
75/100Mission Score
$17.4MRevenue
$8.1MAssets
2Red Flags
3Strengths
Red Flags
The dramatic shift in liabilities from over $8 million in 2016 to under $300,000 in 2017 without corresponding expense or revenue details raises questions about the nature of these liabilities and their resolution.
The provided data lacks specific expense breakdowns (e.g., program, administrative, fundraising) to accurately calculate spending percentages, requiring assumptions for the 'sb' field.
Strengths
Demonstrated significant revenue growth in 2017, indicating increased funding or operational scale.
Substantial reduction in liabilities from 2016 to 2017, improving the organization's financial health.
Consistent asset growth over several years, suggesting effective asset management.
Spending Breakdown
How New Hope Development Corporation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Hope Development Corporation
Is New Hope Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Development Corporation (EIN: 222098953) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is New Hope Development Corporation a good charity to donate to?
New Hope Development Corporation has a Mission Score of 75/100. Revenue: $17.4M. Assets: $8.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hope Development Corporation?
The Employer Identification Number (EIN) for New Hope Development Corporation is 222098953. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Hope Development Corporation spend its money?
New Hope Development Corporation allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hope Development Corporation's tax-exempt status?
You can verify New Hope Development Corporation's tax-exempt status using EIN 222098953 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
New Hope Development Corporation is a housing & shelter nonprofit based in Newark, New Jersey, with reported revenue of $17.4M and assets of $8.1M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. - The organization's revenue saw a substantial increase from $3,326,574 in 2016 to $14,069,052 in 2017, as per the 201709 filing.
- Total assets grew from $5,538,906 in 2016 to $8,054,423 in 2017, indicating asset accumulation.
- Liabilities decreased significantly from $8,582,626 in 2016 to $287,605 in 2017, suggesting a major reduction in debt. Executive compensation information is not available in the provided data, preventing a detailed assessment. Revenue has grown +374% across 7 filing periods.