New Hope Housing Inc

“Certain members of the Finance Committee review and approve Form 990. Form 990 is distributed to governing body via email prior to filing.”

“Annual written disclosure by all officers, directors and key employees is required. If any conflicts are identified, the board of directors takes appropriate action.”

“The Executive Committee reviews the Executive Director's compensation using comparative data from similar organizations. President/CEO reviews, with input from Treasurer/CFO, and comparative data is used. President/CEO reviews Treasurer/CFO, Vice President of Onsite Operations, Vice President of Real Estate Development, Vice President of Fund Development and Communications, and the Director of Human Resources. Other employees are reviewed by direct supervisors, with final approval of President/CEO. All employees (except new hires) were reviewed in 2024.”

“Governing documents are made available upon reasonable request and at the corporate office.”

“(Continued from Part I, Line 1) Their model of excellence in high quality Housing + Services is the key element to alleviating homelessness.”

“New Hope Housing's core purpose is to provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. The nonprofit organization owns and operates single room occupancy (SRO) for individuals and affordable housing for families with children. Currently, we have four properties in development, one for families and three for seniors. Without permanent housing in a safe and nurturing environment, these men, women, and children might become unhoused or live in severely substandard conditions. The residents at New Hope's SROs and supportive housing for previously homeless families earn an average of $800 a month, a direct indicator that New Hope serves Houston's citizens most at risk of becoming unhoused. Approximately 65% of our supportive housing population is formerly homeless, and many are formerly chronic 'street' homeless coping with mental health disabilities and chronic health conditions. Together with our partners, New Hope helps people come home. Our core purpose is to provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. The vision for New Hope grew out of the ministry of Christ Church Cathedral-Episcopal in 1993. We are committed to carrying forward that vision by providing high-quality Housing + Services, which lay the foundation of hope for a stable life. The rental rates at all affordable housing properties operated by New Hope Housing, Inc. and its affiliates include free utilities, cable TV access, on-site support services, and, in some instances, high-speed internet. At each of the SRO properties, the front desk is staffed 24 hours a day, 7 days a week.”

“While apartment buildings do generate management fees that are paid to New Hope Housing, Inc. (the corporation), they are not sufficient to fund entirely the corporate office operations, which drives project development and all fundraising efforts. Therefore, we rely on funding from a variety of private donors, and with Board support, we continue to cultivate new donor relationships. Any gaps are then filled by developer fees, although their primary intent is to fund future project developments. Neither management nor developer fees fund resident services. The Resident Services Program ("RSP") is 100% supported privately. Through the work of our highly qualified staff, our RSP delivers direct support services and works closely with collaborative partners. Increasing our funded collaborative partnerships helps keep program costs low.”

“Resident Services Program New Hope Housing offers permanent supportive housing to people who have a long-range need for low-cost, supportive housing. Of course, there are residents who prefer to live at a New Hope property during a transitional time in their lives, later reuniting with family, or moving into market rate housing. As part of providing a supportive environment, New Hope operates the Resident Services Program, a four-pronged initiative that includes: (1) Assistance from the on-site Case Managers and Community Support Specialists who coordinate access to social services and to whom residents can turn if they are facing special difficulties. (2) Direct assistance with basic necessities, financial services, and food security that promote stability in the lives of residents. (3) Educational opportunities, life skills training, social activities, and healthcare access for spiritual, social, and physical well-being, and for equitable opportunities. (4) A Resident Feedback Collaborative, which closes feedback loops and amplifies residents' voices, ensuring New Hope's Housing + Services are meeting true resident needs. More people have been housed in Houston, Texas since 2012 than ever before thanks to a strongly supported housing system. Yet much work remains to fill the approximately 195,000 shortage of affordable homes. This drives New Hope's intent to be an enduring institution serving people in Houston experiencing homelessness and those at risk of becoming unhoused.”

“NHH at Canal - 134 units New Hope Housing facilitated the development and construction of NHH at Canal, owned by its subsidiary, NHH-Canal Street Apartments, Inc. The Canal building is Houston's first SRO in a neighborhood and opened in November 2005 at 2821 Canal Street in Houston's historic Second Ward/East End. Canal serves adults living singly on low incomes. The Canal development received numerous accolades including an AIA-Houston design award; the 2009 ULI-Houston Development of Distinction award; and was a finalist for ULI's 2009 Award for Excellence-North and South America. This recognition proves that affordable SRO housing can fill a public need and still be stylish - all on a shoestring budget. The development costs were funded through a public/private partnership that includes the City of Houston, Texas Department of Housing and Community Affairs, the Federal Home Loan Bank of Atlanta, and a broad array of foundation, corporate, and individual donors.”

“Cancellation of program-related debt -150,417.”