PLATINUM2024

New Beginnings – A Home for Mothers Subordinate

"In life, what sometimes appears to be the end, is really a new beginning."

Milwaukee, WI   |  https://www.homeformothers.com/
GuideStar Charity Check

New Beginnings – A Home for Mothers

EIN: 84-1215090  Subordinate info


Mission

The mission of New Beginnings is to help a single mother develop spiritually in God’s Word, become a responsible citizen in society, continue her education, achieve self-sufficiency and be a competent and loving Christian parent.

Ruling year info

1966

Home Manager

Chelsea Adair

Main address

9215 W. Wisconsin Ave.

Milwaukee, WI 53226 USA

Show more contact info

EIN

84-1215090

Subject area info

Philanthropy

Lutheranism

Population served info

Single parents

Economically disadvantaged people

Pregnant people

NTEE code info

Other Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (T99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is not required to file an annual return with the IRS because it is a church.

Tax forms

Communication

Affiliations

See related organizations info

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Our vision is to provide generationally poor, single mothers with the necessary opportunities and resources to facilitate self-sufficiency.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Spiritual Guidance

Learn more about God who created your life and the life of your baby and how God loves you so much.

Population(s) Served
Single parents

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of moms served.

This metric is no longer tracked.
Totals By Year
Population(s) Served

Single parents

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

New Beginnings enables a single mother to live away from cultural influences and nurture her baby in a positive environment. We provide a unique opportunity for generationally poor mothers to break the cycle of dependency.

Our plan is to connect with major corporations in a cooperative effort to ascertain the current skill level of each resident and then customize educational training programs with the goal that each resident is able to earn a self-sustaining wage.

Currently, our program provides opportunities to advance education, learn fundamental parenting and financial skills, participate in counseling sessions, and acquire an objective baseline for responsible living through a structured faith-based program. Ultimately, our vision is to equip each mother with the skills and education needed to earn self-sustaining wages, without an indeterminate need for government assistance.

We intend to structure the path for self-sufficiency in an incentive-driven and goal-oriented manner. To this end, Milwaukee provides an abundance of resources for GED education, literacy services, and employment resources. The proposed New Beginnings’ program requires unprecedented cooperation between agencies, industries, schools, churches, volunteers, and government to model a program that can be replicated across the country.

New Beginnings – A Home for Mothers, located in Milwaukee, Wisconsin, provides a loving and supportive place for single mothers to start a new life. This Christian-based home for mothers allows a resident to become a responsible parent – by raising her new baby in a caring environment.

Financials

New Beginnings – A Home for Mothers
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 NB Public Disclosure Copy 2021 2020 NB Audit 2019 NB Audit
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

12.30

Average of 9.95 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

18.2

Average of 4.8 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 3% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

New Beginnings – A Home for Mothers

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

New Beginnings – A Home for Mothers

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

New Beginnings – A Home for Mothers

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of New Beginnings – A Home for Mothers’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $2,767 $23,309 $107,273 $115,044 $151,027
As % of expenses 1.2% 10.0% 44.7% 45.1% 56.8%
Unrestricted surplus (deficit) after depreciation $2,767 $23,309 $107,273 $115,044 $151,027
As % of expenses 1.2% 10.0% 44.7% 45.1% 56.8%
Revenue composition info
Total revenue (unrestricted & restricted) $238,967 $249,392 $340,658 $530,503 $893,120
Total revenue, % change over prior year 12.2% 4.4% 36.6% 55.7% 68.4%
Program services revenue 0.1% 0.7% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.1% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 99.9% 99.3% 99.9% 99.9% 100.0%
Other revenue 0.0% 0.0% 0.1% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $221,606 $233,845 $240,217 $255,009 $266,057
Total expenses, % change over prior year 3.4% 5.5% 2.7% 6.2% 4.3%
Personnel 47.3% 47.9% 3.2% 3.1% 42.7%
Professional fees 13.7% 12.0% 54.3% 57.0% 16.4%
Occupancy 24.1% 22.5% 22.0% 25.9% 22.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 14.9% 17.6% 20.5% 13.9% 18.9%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $221,606 $233,845 $240,217 $255,009 $266,057
One month of savings $18,467 $19,487 $20,018 $21,251 $22,171
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $328,432
Total full costs (estimated) $240,073 $253,332 $260,235 $276,260 $616,660

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.0 2.7 11.3 7.1 18.2
Months of cash and investments 2.0 2.7 11.3 7.1 18.2
Months of estimated liquid unrestricted net assets 1.2 2.3 7.6 12.6 4.1
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $37,180 $53,392 $225,748 $150,049 $402,526
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $36,256 $195,907
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $328,432
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 6.5% 6.0% 33.1% 6.4% 3.0%
Unrestricted net assets $21,642 $44,951 $152,224 $267,268 $418,295
Temporarily restricted net assets $14,594 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $14,594 $6,832 $0 $160,450 $636,486
Total net assets $36,236 $51,783 $152,224 $427,718 $1,054,781

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Home Manager

Chelsea Adair

Number of employees

Source: IRS Form 990

New Beginnings – A Home for Mothers

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

New Beginnings – A Home for Mothers

Board of directors
as of 01/22/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Madison Schulz

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No