2024-01-24T09:57:10-06:00 2023-06-30 330783700 PDM LLP 3460 TORRANCE BLVD STE 200 TORRANCE CA 90503 990 2022-07-01 954337245 PROJECT NEW HOPE PROJ 8185468929 601 EAST GLENOAKS BLVD STE 100 GLENDALE CA 91207 BRIGITTE TWEDDELL EXECUTIVE DIRECTOR 8185468929 2024-01-22 1 BRIGITTE TWEDDELL 999009999 0 ANTHONY P BOZANIC CPA P01314417 3105404118 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIGITTE TWEDDELL 601 EAST GLENOAKS BLVD SUITE 100 GLENDALE CA 91207 4339619 0 X HTTP://WWW.PROJECTNEWHOPE.ORG/ X 1990 CA PROVIDE AFFORDABLE HOUSING & SUPPORT FOR LOW INCOME & HOMELESS PEOPLE WITH HIV/AIDS & SENIORS. 3 3 50 3 0 0 3580457 3430513 808208 818872 69512 81315 59411 8919 4517588 4339619 0 0 0 0 2467021 2568885 0 0 0 1801165 1933207 4268186 4502092 249402 -162473 9964759 10144967 9215600 9558281 749159 586686 X PROJECT NEW HOPE IS A NON-PROFIT ORGANIZATION FOR THE PURPOSE OF DEVELOPING AND PROVIDING PERMANENT AND TRANSITIONAL SUPPORTIVE HOUSING TO LOW-INCOME, HOMELESS AND CHRONICALLY HOMELESS INDIVIDUALS AND FAMILIES WITH DISABILITIES SUCH AS HIV/AIDS AND SENIORS. 0 0 712574 627206 LOW INCOME RENTAL HOUSING: THE ORGANIZATION HAS DEVELOPED AND OPERATES A 22-UNIT, AND A 4-UNIT LOW-INCOME RENTAL HOUSING PROJECT LOCATED IN LOS ANGELES, CALIFORNIA, BOTH OF WHICH ARE DEDICATED TO PERSONS AFFECTED WITH HIV/AIDS AND THEIR FAMILIES. THE ORGANIZATION ALSO MANAGES AND CONTROLS PALOS VERDES STREET, LP WHICH PROVIDES LOW-INCOME RENTAL HOUSING IN LOS ANGELES COUNTY AND INCLUDES A 10-UNIT, LOW-INCOME RENTAL HOUSING PROJECT KNOWN AS SAN PEDRO NEW HOPE COURTYARD APARTMENTS LOCATED IN LOS ANGELES, CALIFORNIA. A REGULATORY AGREEMENT WAS ENTERED INTO WITH THE CITY AND COUNTY OF LOS ANGELES RESTRICTING THE USE OF THE PROPERTIES AS LOW-INCOME HOUSING. 2611393 GROUP HOMES: THIS PROGRAM PROVIDES BOARD AND CARE SERVICES FOR PERSONS WITH HIV/AIDS WHO ARE UNABLE TO LIVE INDEPENDENTLY, AS WELL AS TRANSITIONAL HOUSING FOR PERSONS NEEDING TO DEVELOP THEIR LIVING SKILLS BEFORE MOVING TO INDEPENDENT HOUSING. THE PROGRAM HAS THE ABILITY TO OFFER HOSPICE SERVICES FOR CLIENTS WHO BECOME TERMINALLY ILL. NO ONE IS TURNED AWAY DUE TO LACK OF FUNDS OR INSURANCE. 950653 RESIDENT SERVICES: THIS PROGRAM PROVIDES SUPPORTIVE SERVICES IN PERMANENT HOUSING FACILITIES THAT PROMOTE LONG-TERM RESIDENTIAL STABILITY, PERSONAL AND LIFE SKILLS DEVELOPMENT, AND OPPORTUNITIES FOR PERSONS LIVING WITH HIV/AIDS. IT INCLUDES THE FINANCIAL AWARENESS/MONEY MANAGEMENT PROGRAM, AND SITE-BASED EMPLOYMENT PREPARATION AND DEVELOPMENT PROGRAMS. NO ONE IS TURNED AWAY DUE TO LACK OF FUNDS OR INSURANCE. 141448 191666 AFFORDABLE HOUSING MANAGEMENT - EXPENSES INCLUDE COSTS THAT PRIMARILY RELATE TO MANAGEMENT OF PROPERTIES. 141448 191666 4416068 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 50 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X BRIGITTE TWEDDELL 8185468929 601 EAST GLENOAKS BLVD SUITE 100 GLENDALE CA 91207 X DAVID NAHAS PRESIDENT 3.00 X X 0 0 0 TOM SPRATT TREASURER 1.00 X X 0 0 0 MARGARET WILLIS SECRETARY 1.00 X 0 0 0 BRIGITTE TWEDDELL EXECUTIVE DIRECTOR 40.00 X 133434 0 0 133434 0 0 1 0 0 0 0 3414410 16103 3430513 RESIDENT RENTS 532000 627206 627206 PROGRAM MANAGEMENT FEE 531390 176580 176580 PROPERTY MANAGEMENT FE 531310 15086 15086 818872 81315 81315 OTHER 561439 10999 10999 EQUITY IN EARNINGS OF 531310 -2080 -2080 8919 4339619 818872 0 90234 133434 129457 3977 1936109 1913019 23090 333582 323959 9623 165760 164680 1080 4715 4715 64012 55101 8911 110085 109939 146 51431 47468 3963 74269 71206 3063 230755 218101 12654 146607 146607 131321 131321 38381 36126 2255 RENT AND RENTAL ASSISTA 345041 345041 REPAIRS AND MAINTENANCE 331880 331880 UTILITIES 191193 191193 FOOD SUPPLIES FOR PROGR 58892 57666 1226 154625 138589 16036 4502092 4416068 86024 0 1581659 1290677 468150 585520 158203 153646 69802 166317 6789225 3799268 3121278 2989957 100000 4565667 4858850 9964759 10144967 135936 172524 5933092 5902839 3146572 3482918 9215600 9558281 X 749159 586686 749159 586686 9964759 10144967 -162473 0 X X 0 1 X 1 1 1 X 3192018 3291659 3126811 3625742 3441512 16677742 662713 765773 757326 808208 818872 3812892 3854731 4057432 3884137 4433950 4260384 20490634 0 0 0 20490634 69747 69778 69708 69512 81315 360060 69747 69778 69708 69512 81315 360060 98567 12263 10575 14126 -2080 133451 4023045 4139473 3964420 4517588 4339619 20984145 0.97650 0.97620 0.01720 0.01710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 846959 846959 5250849 3147861 2102988 274924 234858 40066 416493 416549 -56 2989957 RESTRICTED CASH RESERVES 423316 INVESTMENTS IN PARTNERSHIPS 213414 NOTES AND ACCRUED INTEREST RECEIVABLES 3457158 GOODWILL 501107 OPERATING LEASE RIGHT-OF-USE ASSET 263855 4858850 ACCRUED INTEREST PAYABLE ON NOTES 3174369 TENANT SECURITY DEPOSITS 32301 OPERATING LEASE LIABILITIES 276248 3482918 X 4339619 0 4339619 0 4339619 4502092 0 4502092 0 4502092 PART X, LINE 2: IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE ORGANIZATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED IN AN AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE ORGANIZATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. AS OF JUNE 30, 2023, ALL FEDERAL TAX RETURNS SINCE THE 2018 TAX YEAR AND STATE TAX RETURNS SINCE THE 2017 TAX YEAR ARE STILL SUBJECT TO ADJUSTMENT UPON AUDIT. NO TAX RETURNS ARE CURRENTLY BEING EXAMINED BY TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 WITH MANAGEMENT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES ANY CHANGE IN COMPENSATION OR NEW HIRING OF THE ORGNAIZATION'S MANAGEMENT AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR PUBLIC REVIEW. THE ORGNAIZATION'S FINANCIALS ARE AVAILABLE FOR VIEW ON THE GUIDE STAR WEBSITE. FORM 990, PART XII, LINE 2C NO CHANGE IN OVERSIGHT OR SELECTION PROCESSES WAS MADE. SILVER LAKE NEW HOPE COURTYARD APARTMENTS 601 E GLENOAKS BLVD STE 100 GLENDALE CA 91207 954479135 LOW-INCOME HOUSING CA 501(C)(3) 509(A)(1) N/A 0 FAITH HOUSING NEW HOPE APARTMENTS 601 E GLENOAKS BLVD STE 100 GLENDALE CA 91207 311705626 LOW-INCOME HOUSING CA 501(C)(3) 509(A)(1) N/A 0 SANTA MONICA NEW HOPE COURTYARD APARTMENTS 601 E GLENOAKS BLVD STE 100 GLENDALE CA 91207 954479136 LOW-INCOME HOUSING CA 501(C)(3) 509(A)(1) N/A 0 HOMESTEAD HOSPICE & SHELTER 601 E GLENOAKS BLVD STE 100 GLENDALE CA 91207 330260219 LOW-INCOME HOUSING CA 501(C)(3) 509(A)(1) N/A 0 PALOS VERDES STREET LP 601 E GLEANOAKS BLVD STE 100 GLENDALE CA 91207 954616938 LOW-INCOME HOUSING CA PROJECT NEW HOPE RELATED 0 1 0.01000 NYUMBA APARTMENTS 601 E GLEANOAKS BLVD STE 100 GLENDALE CA 91207 954784748 LOW-INCOME HOUSING CA PROJECT NEW HOPE & FAITH HOUSING CORP RELATED 0 1 0.50000 SUNSET MYRA LP 999 CORPORATE DRIVE SUITE 150 LADERA RANCH CA 92694 LOW-INCOME HOUSING CA PROJECT NEW HOPE & SUNSET MYRA LLC RELATED 0 1 0.00010 PNH FRANCISQUITO SENIOR LP 601 E GLEANOAKS BLVD STE 100 GLENDALE CA 91207 472026887 LOW-INCOME HOUSING CA PROJECT NEW HOPE RELATED 0 1 0.00010 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 NYUMBA APARTMENTS PARTNERS L 9300 ACCRUAL BASIS SUNSET MYRA LP L 0 ACCRUAL BASIS PNH FRANCISQUITO SENIOR LP L 91208 ACCRUAL BASIS FAITH HOUSING NEW HOPE APARTMENTS D 97213 ACCRUAL BASIS SANTA MONICA NEW HOPE COURTYARD APARTMENTS D 33145 ACCRUAL BASIS SAN PEDRO NEW HOPE COURTYARD APARTMENTS D 21607 ACCRUAL BASIS PNH FRANCISQUITO SENIOR LP D 1681 ACCRUAL BASIS