Ph New Markets Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
- Only 38% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
PH NEW MARKETS INC WAS CREATED TO ACQUIRE, LEASE, HOLD, CONSTRUCT, DEVELOP, MAINTAIN AND OPERATE A CRISIS NURSERY FACILITY FOR THE BENEFIT OF PROVIDENCE HOUSE, INC.
- Income
- $452,485
- Spending
- $841,932
- Spent on programs
- 38%
- Reserves
- -120.3 months of spending
- Largest source of income
- other income, 100%
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 15 out of 100. Higher than 0% of charities in its peer group (human services, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 105% of what it owns.
Living within its means
0 of 15Spending exceeded income by 86% of income.
Income trend
15 of 15Income rose 2% on the year before.
Spending floor
0 of 1538% of spending went to programs.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 94% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $318,973 spent. PH NEW MARKETS INC IS A SUPPORTING ENTITY OF PROVIDENCE HOUSE INC. PROVIDENCE HOUSE PROVIDES FOUR PROGRAMS TO KEEP CHILDREN NEWBORN THROUGH 12 YEAR-OLD SAFE, AND THEIR FAMILIES TOGETHER DURING TIMES OF CRISIS, WE PROVIDE FOR CHILDREN'S PHYSICAL, EMOTIONAL, DEVELOPMENTAL, AND EDUCATIONAL NEEDS, AND SUPPORT FAMILIES THROUGH COUNSELING, CONNECTIONS TO RESOURCES, AND CULTIVATING NURTURING PRACTICES. WE STRENGTHEN THE COMMUNITY BY ADVOCATING FOR UNDERSERVED FAMILIES AND DEMONSTRATING THE LASTING IMPACT OF FAMILY PRESERVATION.IN FISCAL YEAR 2024-2025, 2,141 CHILDREN AND FAMILIES WERE SERVED BETWEEN ALL OF OUR PROGRAMS. FAMILIES TURN TO PROVIDENCE HOUSE WHEN THEY ARE EXPERIENCING ACTIVE CRISIS AND (CONTINUED ON SCHEDULE O) SEEKING SAFE, EMERGENCY SHELTER FOR THEIR CHILDREN AND SUPPORT FOR THEIR FAMILY SO THEY DO NOT LOSE CUSTODY. LAST YEAR, 214 CHILDREN WERE ADMITTED INTO OUR CRISIS NURSERIES AND PROVIDED WITH 3,695 DAYS OF CARE.CHILDREN WERE SERVED IN OUR TRADITIONAL FAMILY PRESERVATION CRISIS NURSERY SERVICES AND OUR EMERGENCY PLACEMENT PROGRAM IN PARTNERSHIP WITH THE CUYAHOGA COUNTY DIVISIONOF CHILDREN AND FAMILY SERVICES. ADDITIONALLY, FAMILIES FROM THROUGHOUT GREATER CLEVELAND PARTICIPATED IN OUR FAMILY PRESERVATION SERVICES DURING THEIR CHILD'S STAY AT PROVIDENCE HOUSE. THIS INCLUDES 699 PARENT VISITS, 309 REFERRALS FOR ADDITIONAL SUPPORT SERVICES, 772 CASE MANAGEMENT SESSIONS, 189 PARENT SUPPORT SESSIONS, AND DISTRIBUTION OF 144 BUS PASSES TO HELP ADDRESS TRANSPORTATION BARRIERS THAT PREVENT MANY OF OUR CLIENTS FROM ACCESSING SERVICES. THROUGH OUR UNIQUE, MULTI-GENERATIONAL CRISIS NURSERY MODEL, 99.5% OF CHILDREN RETURNED HOME TO THEIR PARENT OR GUARDIAN AFTER STATING AT PROVIDENCE HOUSE,AND 98% OF OUR FAMILIES WERE FULLY ENGAGED IN OUR PRESERVATION SERVICES. ADDITIONALLY, 91 FAMILIES PARTICIPATED IN OUR VOLUNTARY AFTERCARE PROGRAM TO RECEIVE ONGOING SUPPORT INCLUDING CASE MANAGEMENT AND WEEKLY GROUP PARENT EDUCATION.TO FURTHER SERVE THE COMMUNITY, PROVIDENCE HOUSE PROVIDED 1,106 ESSENTIAL NEED ITEMS TO 312 FAMILIES THROUGH OUR COMMUNITY REFERRAL PROGRAM. PROVIDENCE HOUSE IS PRIMARILY FUNDED THROUGH PRIVATE DONATIONS FROM FOUNDATIONS, CORPORATIONS, INDIVIDUALS, GROUPS AND RECEIVES SOME GOVERNMENT GRANT FUNDING. WE DO NOT CHARGE OUR FAMILIES ANY FEES FOR OUR SERVICES.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.