New Horizons Inc
- Assets
- $23.4m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 257
- Location
- Farmington, CT
- Founding
- 03/1957
- Data as of
- 09/2021
- EIN
- 06-6040513
Organization Overview
New Horizons Inc is located in Farmington, CT. The organization was established in 1957. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2021, New Horizons Inc employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, New Horizons Inc generated $23.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $18.2m during the year ending 09/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW HORIZONS, INC. PROVIDES AFFORDABLE HOUSING, ACCESSIBLE TRANSPORTATION, OTHER SUPPORT SERVICES, SHORT-TERM AND OUTPATIENT MEDICAL REHABILITATION, AND LONG-TERM SKILLED NURSING IN SUPPORTIVE COMMUNITIES OF CARE THAT ENABLE SENIORS, ADULTS WITH DISABILITIES, AND INDIVIDUALS FACING CHALLENGES TO ACHIEVE THEIR WELLNESS GOALS AND LIVE LIFE AS INDEPENDENTLY AND JOYFULLY AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HORIZONS VILLAGE PROVIDES HOUSING AND SUPPORT SERVICES FOR 101 PEOPLE WITH PHYSICAL DISABILITIES WHO WANT TO LIVE IN A COMMUNITY THAT MAXIMIZES OPPORTUNITIES FOR INDEPENDENT, SELF-DIRECTED LIVING.
CHERRY BROOK HEALTH CARE CENTER'S PROGRAMS SERVE OUR COMMUNITY BY PROVIDING EXCEPTIONAL REHABILITATIVE, SHORT-TERM, LONG TERM, HOSPICE OR RESPITE CARE. THE CENTER HOUSES 100 INDIVIDUALS FOR INPATIENT CARE AND ALSO OFFERS OUTPATIENT THERAPY SERVICES.
MIDDLEBURY SERVES INDIVIDUALS WITH PHYSICAL DISABILITIES AND/OR SENIORS, IN A 5 UNIT RESIDENTIAL COMMUNITY WHICH PROMOTES INDEPENDENCE.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol A Fitzgerald Chief Executive Officer | Officer | 40 | $195,843 |
Donald Davanzo Nursing Home Administrator | 40 | $136,163 | |
Chris Murray Chief Financial Officer | Officer | 40 | $129,630 |
Patricia Pesut Director Of Nursing | 40 | $122,901 | |
Audrey Smarrelli Assistant Director Of Nursing | 40 | $114,800 | |
Michael Avallone Licensed Practical Nurse | 40 | $114,538 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Construction Resources Inc Construction | 9/29/21 | $3,369,025 |
Hartford Provision Company Dietary Supplies And Food - Nursing Home | 9/29/21 | $285,883 |
Athena Health Care Management Services | 9/29/21 | $282,178 |
Medline Medical Supplies | 9/29/21 | $210,214 |
Value Rx Pharmacy | 9/29/21 | $250,081 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,379 |
| Related organizations | $0 |
| Government grants | $6,240,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $396,366 |
| Noncash contributions included in lines 1a–1f | $675,113 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,668,298 |
| Total Program Service Revenue | $16,253,300 |
| Investment income | $82,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,870 |
| Net Income from Fundraising Events | -$274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,057,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,756,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $376,170 |
| Compensation of current officers, directors, key employees. | $42,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,939,278 |
| Pension plan accruals and contributions | $706,116 |
| Other employee benefits | $60,014 |
| Payroll taxes | $676,717 |
| Fees for services: Management | $233,790 |
| Fees for services: Legal | $46,880 |
| Fees for services: Accounting | $64,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,731,477 |
| Advertising and promotion | $1,254 |
| Office expenses | $589,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $599,921 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $189,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $784,992 |
| Insurance | $1,592,664 |
| All other expenses | $150,722 |
| Total functional expenses | $18,243,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,456,494 |
| Savings and temporary cash investments | $225,489 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,306,418 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,159 |
| Prepaid expenses and deferred charges | $155,342 |
| Net Land, buildings, and equipment | $14,159,294 |
| Investments—publicly traded securities | $2,980,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,800 |
| Total assets | $23,361,586 |
| Accounts payable and accrued expenses | $1,530,016 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,114,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,150,962 |
| Total liabilities | $6,797,136 |
| Net assets without donor restrictions | $16,516,156 |
| Net assets with donor restrictions | $48,294 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,361,586 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Horizons Inc has recieved totaling $47,327.
| Awarding Organization | Amount |
|---|---|
Hartford Foundation For Public Giving Hartford, CT PURPOSE: CAPACITY BUILDING | $28,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,827 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: GENERAL SUPPORT | $7,500 |
William Caspar Graustein Memorial Fund Hamden, CT PURPOSE: PERSONAL PROTECTIVE EQUIPMENT (PPE) FOR NEW HORIZONS VILLAGE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
North Hill Needham Inc Needham, MA | $218,215,357 | $46,801,004 |
Church Home Of Hartford Bloomfield, CT | $129,665,157 | $38,203,395 |
Church Homes Inc Congregational Hartford, CT | $66,814,716 | $47,094,677 |
Carleton Willard Homes Inc Bedford, MA | $84,483,009 | $38,647,048 |
The Gerry Homes Gerry, NY | $84,710,797 | $32,122,668 |
Fallon Health Weinberg Inc Getzville, NY | $39,412,564 | $35,899,883 |
Peconic Landing At Southold Inc Greenport, NY | $144,140,145 | $36,575,086 |
Michigan Automobile Insurance Placement Facility Johnston, RI | $95,743,135 | $26,699,927 |
Symmes Life Care Inc Lexington, MA | $195,262,615 | $31,035,434 |
Whitney Center Inc Hamden, CT | $108,082,028 | $31,737,893 |
Duncaster Incorporated Bloomfield, CT | $74,918,312 | $31,476,846 |