Nonprofit · EIN 34-1958570
NEW LIMA HOUSING FOR THE FUTURE
Also known as NEW LIMA INC
Tax-exempt · LIMA, OH 45805
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $404,949 | $423,633 | -$18,684 | $4,354,869 | $13,235 | $4,341,634 |
| December 31, 2023 | 990 | $1,255,054 | $637,829 | $617,225 | $4,325,383 | $16,126 | $4,309,257 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $42,943
- of which government grants
- $32,943
- Program service revenue
- $226,366
- Investment income
- $85,277
- Other revenue
- $50,363
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $72,613
- Other salaries and wages
- $9,621
- Salaries, compensation and benefits (total)
- $108,235
- Professional fundraising fees
- $0
- Legal fees
- $957
- Accounting fees
- $7,197
- Travel
- $1,434
- Depreciation
- $63,728
- Program services (functional)
- $282,733
- Management and general (functional)
- $140,900
Balance sheet and other
- Total assets, start of year
- $4,325,383
- Total assets, end of year
- $4,354,869
- Total liabilities, end of year
- $13,235
- Net assets, end of year
- $4,341,634
- Land, buildings and equipment
- $2,399,719
- Publicly traded securities
- $846,548
- Net assets without donor restrictions
- $2,517,925
- Net assets with donor restrictions
- $1,823,709
- Gross receipts
- $404,949
- Employees
- 2
- Year formed
- 2000
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Frenger | Executive Director | 40 | $72,613 |
| Miriam Adams | Board Member Trustee or director | 1 | $0 |
| Ramona Hucks | President Officer | 1 | $0 |
| Jacqueline Daley-Perrin | Treasurer Officer | 1 | $0 |
| Cynthia Davis-White | Vice President Officer | 1 | $0 |
| Ginger Loscavo | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Frenger | Executive Director | 40 | $80,295 |
| Miriam Adams | Board Member Trustee or director | 1 | $0 |
| Ramona Hucks | Vice President Officer | 1 | $0 |
| Jacqueline Daley-Perrin | President Officer | 1 | $0 |
| Cynthia Davis-White | Secretary Officer | 1 | $0 |
| Ginger Loscavo | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1003 W SPRING ST, LIMA, OH 45805-3249
- In care of
- % CHARLES W DALEY
- Principal officer (990 for 2024)
- Scott Frenger
- Signed the 990
- Scott Frenger, Executive Director
- Phone
- (419) 224-9881
- Return prepared by
- ES Evans and Company
Mission
To provide housing opportunities and assistance for all low and moderate-income residents through a comprehensive program of financial assistance and education. New Lima Housing for the Future works with the City of Lima, Allen County, Ohio and Lima City Schools in an effort to further develop school sites within the CDBG target areas. Efforts within the low and moderate-income community is its focus: cooperation, communication and collaboration, its means.
Program accomplishments
- Property Management:To date, New Lima Housing for the Future has developed a total of 26 senior rental units which are owned directly by and continue to be managed by the Organization. A few of the day-to-day activities involved in management of these units include: accounts payable & receivable, maintenance/grounds/upkeep activities, scheduling vendors, tenant selection & leasing, and annual recertifications of resident households.Expenses $240,615 · revenue $189,766
- Down Payment Assistance:New Lima Housing for the Future provides the administrative support for the First Home Lima Down Payment Assistance Program which is in partnership with West Ohio Community Action Partnership and the City of Lima. The Organizations role in this program includes: vetting/processing applications from potential first time home buyers, tracking client progress, semi-annual recertifications and providing a pre-closing review of each home purchase.Expenses $22,563
- CHDO/Affordable Housing Development:New Lima Housing for the Future utilizes grant funds, often from multiple funding sources, to develop low-to-moderate income housing for the citizens in our service area. Low-to-moderate income is defined as households earning at or below 80% of the area median income level. The Organization has developed smaller in-fill single-family homeownership units up to partnering with for profit development partners on tax credit rental developments as large as 88 living units. New Lima Housing for the Future is the sole, certified Community Housing Development Organization (CHDO) for the City of Lima. The Organization has held this role since 2003. Being a certified CHDO allows our organization access to grant funds through the HOME Investment Partnership program, which the City of Lima receives annually. These funds are used by the Organization to fund affordable housing development within the Lima community.Expenses $18,050 · revenue $18,750
- Property Maintenance Training:Basics in Home Repair & Maintenance is a course that New Lima Housing for the Future developed to encourage first time homebuyers to learn about their new homes, how they work, and how to budget for routine and non-routine maintenance items. This course is a mandatory activity for each participant in the First Home Lima Down Payment Assistance program to complete prior to closing.Expenses $1,505
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1958570
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $4,354,869
- Income (IRS master file)
- $404,949
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $404,949 | $423,633 | $4,354,869 | XML |
| 990 | December 2023 | $1,255,054 | $637,829 | $4,325,383 | XML |
| 990 | December 2022 | $574,227 | $287,559 | $3,768,988 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1958570).
Questions about NEW LIMA HOUSING FOR THE FUTURE
- What is the EIN of NEW LIMA HOUSING FOR THE FUTURE?
- The employer identification number (EIN) of NEW LIMA HOUSING FOR THE FUTURE is 34-1958570.
- Is NEW LIMA HOUSING FOR THE FUTURE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to NEW LIMA HOUSING FOR THE FUTURE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW LIMA HOUSING FOR THE FUTURE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW LIMA HOUSING FOR THE FUTURE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW LIMA HOUSING FOR THE FUTURE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW LIMA HOUSING FOR THE FUTURE?
- The 990 for the year ended December 31, 2024 names Scott Frenger.
- Who are the officers and directors of NEW LIMA HOUSING FOR THE FUTURE?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $72,613 (Scott Frenger, Executive Director).
- How much revenue does NEW LIMA HOUSING FOR THE FUTURE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $404,949, expenses of $423,633 and total assets of $4,354,869 at year end.
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- LUTHERAN HOUSING SERVICES NUMBER 1INCORPORATED EIN 34-1313004 · last filed 990 for 2024
- LIMAS SAMARITAN HOUSE INC EIN 34-1595265 · last filed 990 for 2025
- LIMA ECUMENICAL HOUSING CORP EIN 34-1253560 · last filed 990 for 2025
- LIMA INTER-FAITH SENIOR HOUSING INC EIN 34-1284969 · last filed 990 for 2025
- COMMUNITY RELIEF MINISTRIES EIN 88-3257372 · last filed 990-EZ for 2024
- THRIVE MINISTRIES OF LIMA INC EIN 99-4040686 · last filed 990-N for 2025
- MT OLIVE COMMUNITY ECONOMIC DEVELOP MENT CORPORATION EIN 32-0006757 · last filed 990-N for 2025