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Finances

Committed to making the most of every dollar

A solid financial picture is crucial to the performance of New Hope Housing’s mission.

Our ability to build attractive, smart housing while remaining debt free is what keeps rents affordable. Strong finances ensure our capacity to be a consistent and durable provider of Housing + Services. We work hard to be good financial stewards, leveraging public and private partnerships that make the most of every dollar. We constantly forge new alliances to help us move forward with our goals.

Program Support

Total Operating Support

$14,986,368

Apartment Rentals

$11,496,676

Contributions and Grants

$1,102,068

Earned Fees

$2,625,385

We leverage an additional ~$12.9MM through collaborative partnerships

Program Expenses

Total Operating Expenses

$22,167,138

Housing

$17,450,987

Resident Services Program

$1,045,118

Project Development

$1,000,668

Administration

$2,670,365

Surplus cash flow has been placed into a board-designated Strategic Reserve for capital projects and capacity building initiatives.

Capital Investments

Total Capital Raised

$11,745,872

This financial data was derived from the December 31, 2022 audit.

Total Assets 1993-2021

$213,232,079

All of which has given 2,040 people housing and services.

Financial data derived from the December 2022 audit.

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