Ohio · Nonprofit
New Lima-Housing for the Future
New Lima-Housing for the Future (Ohio) receives grants from 2 organizations whose IRS filings report $11,500 to it, the largest being FIRST FINANCIAL FOUNDATION ($6,500). 1 of them have funded it in more than one year.
- Revenue FY2024
- $405k
- Funders on record
- 2
- Grants received
- $12k
- Net assets
- $4.3M
What New Lima-Housing for the Future does
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.
As stated on its FY2024 Form 990.
Programs
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.
$240,615 spent$189,766 earned by the program85% of program spendingDown 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.
$22,563 spent8% of program spendingCHDO/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.
$18,050 spent$18,750 earned by the program6% of program spendingProperty 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.
$1,505 spent1% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $282,733.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $3.8M to $4.3M (+15%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 18% · 2018 59% · 2019 2% · 2020 50% · 2021 39% · 2022 48% · 2023 36% · 2024 8%. Grants only. Government contracts and fees sit inside program revenue.
11% of New Lima-Housing for the Future’s revenue is contributions — about as donation-reliant as the typical peer (37% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Scott Frenger
Executive Director
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2020: the base held at 1 funder, grant income fell $5k → $2k.
From the IRS filings of New Lima-Housing for the Future’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
New Lima-Housing for the Future leans on a few funders — its largest provides 57% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
43% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund New Lima-Housing for the Future.
Largest funder’s share by year: 2019 100% · 2020 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of New Lima-Housing for the Future's grant income comes from Ohio funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
New Lima-Housing for the Future holds deeper cash reserves than three-quarters of the 7,828 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 7,828 housing & shelter nonprofits $100k–$1M, FY2024
Organizations like New Lima-Housing for the Future
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Ohio
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
67% of spending goes to programs.
Governance
Public support
70%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- NL Housing Inc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for New Lima-Housing for the Future: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds New Lima-Housing for the Future?
- New Lima-Housing for the Future (Ohio) receives grants from 2 organizations whose IRS filings report $11,500 to it, the largest being FIRST FINANCIAL FOUNDATION ($6,500). 1 of them have funded it in more than one year.
- How many funders does New Lima-Housing for the Future have?
- IRS filings report 2 organizations giving $11,500 in grants to New Lima-Housing for the Future, 1 of which have funded it in more than one year.
- Who is the largest funder of New Lima-Housing for the Future?
- FIRST FINANCIAL FOUNDATION is the largest funder on record, with $6,500 in grants. The full list of funders is on this page.
- How can an organization like New Lima-Housing for the Future find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Ohio. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds New Lima-Housing for the Future →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing