New Hope Community Development Group
New Hope Community Development Group experiences revenue growth but a deficit in 2023, with no reported officer compensation.
EIN: 201507628 · Greensboro, NC · NTEE: P20 · Updated: 2026-03-28
Is New Hope Community Development Group Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hope Community Development Group directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hope Community Development Group
New Hope Community Development Group (EIN: 201507628) is a nonprofit organization based in Greensboro, NC, classified under NTEE code P20. The organization reported total revenue of $226K and total assets of $110K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Community Development Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Community Development Group is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2009–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $163K |
| Surplus / Deficit | $-17,659 |
| Total Assets | $45K |
| Net Assets | $45K |
| Operating Margin | -12.2% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2023, New Hope Community Development Group reported a deficit of $18K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.2% | +426.1% | -28.3% |
| 2022 | +573.8% | +818.3% | +1061.1% |
| 2019 | +1333.9% | — | +310.8% |
| 2018 | -94.3% | — | -39.0% |
| 2017 | +0.0% | — | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Hope Community Development Group with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New Hope Community Development Group allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
Executive Compensation Analysis
New Hope Community Development Group consistently reports 0% officer compensation across all 13 available filings, indicating a volunteer-led executive structure or that compensation falls below reporting thresholds, which is highly unusual for an organization with recent revenues exceeding $145,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Hope Community Development Group's IRS 990 filings:
- Significant deficit in 2023 ($17,659, as expenses of $162,768 exceeded revenue of $145,109).
- Decrease in assets from $62,062 in 2022 to $44,518 in 2023.
- Unusually high expense growth in 2023 without clear explanation in summary data.
- Consistent 0% officer compensation for an organization with over $145,000 in revenue, which could indicate reliance on unpaid labor or unreported compensation.
Strengths
The following positive indicators were identified for New Hope Community Development Group:
- Consistent IRS 990 filing history (13 filings) demonstrating transparency.
- Very low or zero liabilities across all reported periods, indicating good debt management.
- Significant revenue growth in recent years, from $862 in 2018 to $145,109 in 2023.
- No reported officer compensation, suggesting a lean administrative structure in that specific area.
Frequently Asked Questions about New Hope Community Development Group
Is New Hope Community Development Group a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Community Development Group (EIN: 201507628) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does New Hope Community Development Group spend its money?
New Hope Community Development Group directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hope Community Development Group tax-deductible?
New Hope Community Development Group is registered as a tax-exempt nonprofit (EIN: 201507628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in expenses from $30,936 in 2022 to $162,768 in 2023?
The provided data does not specify the nature of these expenses, but such a large increase suggests a significant expansion of program activities or operational costs. Further detail from the full 990 filing would be needed to understand this change.
How does New Hope Community Development Group sustain its operations without reporting any officer compensation?
The consistent reporting of 0% officer compensation implies that leadership roles are either entirely volunteer-based or compensated through non-reportable means, or that the organization is very small and relies heavily on volunteer efforts. This model can be challenging to sustain as an organization grows.
What is the detailed breakdown of program, administrative, and fundraising expenses for the most recent period?
The summary data does not provide this level of detail. A full IRS Form 990 would be required to understand the specific allocation of the $162,768 in expenses reported for 2023.
Why did assets decrease from $62,062 in 2022 to $44,518 in 2023, despite revenue growth?
The decrease in assets, coupled with a deficit in 2023 (expenses exceeding revenue), suggests that the organization may have used existing assets or cash reserves to cover operational costs during the year. This warrants further investigation into cash flow and asset management.
Filing History
IRS 990 filing history for New Hope Community Development Group showing financial trends over 13 years of public records:
In its most recent filing year (2023), New Hope Community Development Group reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $163K | $45K | $0 | — | View 990 |
| 2022 | $83K | $31K | $62K | $398 | — | View 990 |
| 2019 | $12K | $3K | $5K | $0 | — | View 990 |
| 2018 | $862 | $0 | $1K | $0 | — | View 990 |
| 2017 | $15K | $0 | $2K | $0 | — | View 990 |
| 2016 | $15K | $0 | $2K | $0 | — | View 990 |
| 2015 | $0 | $0 | $3K | $0 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | — |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | View 990 |
| 2011 | $0 | $0 | $0 | $0 | — | View 990 |
| 2010 | $0 | $0 | $0 | $0 | — | View 990 |
| 2009 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $163K, and assets of $45K (revenue +74.2% year-over-year).
- 2022: Revenue of $83K, expenses of $31K, and assets of $62K (revenue +573.8% year-over-year).
- 2019: Revenue of $12K, expenses of $3K, and assets of $5K (revenue +1333.9% year-over-year).
- 2018: Revenue of $862, expenses of $0, and assets of $1K (revenue -94.3% year-over-year).
- 2017: Revenue of $15K, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2016: Revenue of $15K, expenses of $0, and assets of $2K.
- 2015: Revenue of $0, expenses of $0, and assets of $3K.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
- 2012: Revenue of $0, expenses of $0, and assets of $0.
- 2011: Revenue of $0, expenses of $0, and assets of $0.
- 2010: Revenue of $0, expenses of $0, and assets of $0.
- 2009: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Community Development Group:
Data Sources and Methodology
This transparency report for New Hope Community Development Group is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.