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Project New Hope

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954337245 ✦ Glendale, CA ✦ Designated as a 501(c)(3)

Overview

What is Project New Hope?

Project New Hope is a nonprofit organization based in Glendale, California, specifically at 601 East Glenoaks Blvd STE 100. Their primary mission is to provide affordable housing and support for low-income and homeless individuals, particularly those living with HIV/AIDS and seniors. They have developed and managed several projects, including a 22-unit and a 4-unit low-income rental housing project in Los Angeles, specifically dedicated to individuals affected by HIV/AIDS and their families. Additionally, they control Palos Verdes Street, LP, which provides low-income rental housing in Los Angeles County, including the San Pedro New Hope Courtyard Apartments. Project New Hope operates under a regulatory agreement with the City and County of Los Angeles, restricting the properties as low-income housing. The organization employs around 50 individuals in their mission to support vulnerable communities.


Official website here: www.projectnewhope.org/

Is Project New Hope legitimate?

Project New Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project New Hope submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $133,434
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,936,109

For more financial information, click here


Official website here: www.projectnewhope.org/

What is the mission statement of Project New Hope?

Project New Hope is a non-profit organization dedicated to providing affordable housing and support for low-income individuals, the homeless, and seniors, particularly those living with HIV/AIDS. Their mission is to develop and offer permanent and transitional supportive housing, aiming to assist chronically homeless individuals and families with disabilities. They operate a 22-unit and a 4-unit low-income rental housing project in Los Angeles, California, specifically for individuals affected by HIV/AIDS and their families. Additionally, Project New Hope manages and controls Palos Verdes Street, LP, which offers low-income rental housing in Los Angeles County, including the San Pedro New Hope Courtyard Apartments. A regulatory agreement with the City and County of Los Angeles restricts the use of these properties as low-income housing.


Official website here: www.projectnewhope.org/

Who is the CEO of Project New Hope?

Brigitte Tweddell is the President of Project New Hope.


Official website here: www.projectnewhope.org/

What is the revenue of Project New Hope?

Project New Hope's revenue in 2023 was $4,339,619.


Official website here: www.projectnewhope.org/

Who are the executives of Project New Hope and what are their salaries?

The average compensation at Project New Hope during 2023 was $41,391. There are 50 employees and 3 volunteers at Project New Hope.

Here are 4 key members and their salaries:

    Brigitte Tweddell (Executive Director)
  • Compensation: $133,434
  • Related: $0
  • Other: $0

    • David Nahas (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Spratt (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret Willis (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.projectnewhope.org/

    Where can I find the form 990 for Project New Hope?

    The Project New Hope’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.projectnewhope.org/

    Learn more at the official website: www.projectnewhope.org/

    Mission Statement of Project New Hope

    Project New Hope is a non-profit organization with a mission to develop and provide affordable, supportive housing for low-income individuals, homeless people, and seniors living with HIV/AIDS. Their primary goal is to create permanent and transitional housing solutions for this vulnerable population, offering them a safe and stable living environment. Project New Hope manages several low-income rental housing projects in Los Angeles, California, including a 22-unit and a 4-unit complex, both dedicated to individuals and families affected by HIV/AIDS. Additionally, they manage Palos Verdes Street, LP, which provides low-income rental housing in Los Angeles County, and includes the San Pedro New Hope Courtyard Apartments, a 10-unit project located in Los Angeles. Through these initiatives, Project New Hope aims to provide essential housing support for individuals and families in need, helping them overcome the challenges associated with homelessness and HIV/AIDS.

    Impact

    This information is meant to be a general summary of Project New Hope. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, July 21, 2024

    Project New Hope's impact is significant in providing affordable housing and support for low-income and homeless individuals with HIV/AIDS and seniors. Through the development and operation of low-income rental housing projects in Los Angeles, California, including units dedicated to persons affected with HIV/AIDS and their families, Project New Hope is making a tangible difference in the lives of those in need. Additionally, their management of Palos Verdes Street, LP, which provides low-income rental housing in Los Angeles County, further expands their reach in supporting vulnerable populations. Project New Hope's commitment to providing permanent and transitional supportive housing to those in need aligns with their mission to help individuals and families facing challenges such as HIV/AIDS and homelessness.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $81,315
  • Program Service Revenue: $818,872
  • Gross Receipts: $4,339,619

    • Assets and Liabilities:
  • Total Assets: $10,144,967
  • Total Liabilities: $9,558,281
  • Net Assets: $586,686
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESIDENT RENTS

    Revenue

    $627,206

    PROGRAM MANAGEMENT FEE

    Revenue

    $176,580

    PROPERTY MANAGEMENT FE

    Revenue

    $15,086

    Organization Details

    Founding Year

    1990

    Principal Officer

    Brigitte Tweddell

    Main Address

    601 EAST GLENOAKS BLVD STE 100, GLENDALE, CA, 91207

    NTEE Category

    Code: G81Z - Disease

    If you are a representative of Project New Hope and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.