DEMOGRAPHIC
ADDRESS
195 WEST MARKET STREET
07103
COUNTY
essex county, NJ
IN CARE OF NAME
ERNESTINE WATSON
ORGANIZATIONAL OVERVIEW & RANKINGS
NEW HOPE DEVELOPMENT CORPORATION is a based in NEWARK, NJ, focused on Housing, Shelter causes , specifically Senior Citizens' Housing/Retirement Communities. Established in March 1981, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $8,054,423.00, this ranks 67,446 among 2,656,690 nonprofits nationally (Top 3%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 1,659 out of 72,131 organizations in NJ (Top 3%).
In essex county, NJ, the organization ranks 205 out of 7,742 nonprofits by assets (Top 3%), while locally in newark, it stands at 87 among 2,319 organizations (Top 4%).
The organization reported annual revenue of $14,069,052.00, ranking 23,347 nationally (Top 1%) and 530 in NJ (Top 1%).
Within its specific NTEE classification (L22 - L: Housing, Shelter), which includes 3,135 similar organizations, NEW HOPE DEVELOPMENT CORPORATION ranks 379 in assets (Top 12%) and 117 in revenue (Top 4%).
Note: This organization's tax-exempt status was temporarily revoked on February 15, 2021 .
The organization files a 990 (all other) or 990EZ return and operates on a August fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Unspecified
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L22: Senior Citizens' Housing/Retirement Communities
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, February 15, 2021;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
09/2017
ACCOUNTING PERIOD
09
INCOME CODE
8: $10,000,000 to $49,999,999
INCOME AMOUNT
$17,445,349.00
FORM 990 REVENUE AMOUNT
$14,069,052.00
RULING DATE
03/1981
ASSET CODE
7: $5,000,000 to $9,999,999
ASSET AMOUNT
$8,054,423.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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