New Destiny Housing Corporation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, New Destiny Housing Corporation employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Destiny Housing Corporation 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 06/2021, New Destiny Housing Corporation generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 14.8% 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 DESTINY PROVIDES PERMANENT HOUSING AND SERVICES FOR HOMELESS DOMESTIC VIOLENCE SURVIVORS AND OTHER LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY 2021 NEW DESTINY OPERATED TWO DIRECT SERVICE PROGRAMS THE FAMILY SUPPORT PROGRAM AND HOUSINGLINK - AND ONE INFORMATION/TECHNICAL ASSISTANCE PROGRAM THE ONLINE HOUSING RESOURCE CENTER.THE FAMILY SUPPORT PROGRAM PROVIDES VOLUNTARY ON-SITE SERVICES AT NEW DESTINY'S PERMANENT HOUSING TO PROMOTE HOUSING RETENTION, PREVENT THE RECURRENCE OF VIOLENCE, AND IMPROVE THE WELL-BEING AND ECONOMIC HEALTH OF TENANTS. ON-SITE SERVICES INCLUDE SAFETY PLANNING, BENEFITS MANAGEMENT AND COUNSELING, FINANCIAL COUNSELING, AND JOB READINESS. LEGAL, HEALTH, AND JOB TRAINING SERVICES ARE PROVIDED THROUGH PARTNERSHIPS WITH LOCAL AND CITYWIDE PARTNERS. HOUSINGLINK PROVIDES WORKSHOPS AND ONE-ON-ASSISTANCE ON PERMANENT HOUSING FOR DOMESTIC VIOLENCE SURVIVORS AND THEIR ADVOCATES. IT ALSO REFERS APPLICANTS TO VACANT UNITS IN AFFORDABLE HOUSING OWNED BY PARTNERS, PROVIDES SHORT-TERM FINANCIAL ASSISTANCE, AND AFTERCARE SUPPORT TO PLACED SURVIVORS FOR UP TO TWO YEARS. THE HOUSING RESOURCE CENTER OFFERS COMPREHENSIVE, UP-TO-DATE INFORMATION ABOUT HOUSING RESOURCES AND HOW TO OBTAIN THEM FOR LOW-INCOME DOMESTIC VIOLENCE SURVIVORS. IN FY 2021 OVER 130,000 UNIQUE VISITORS VISITED THIS ONLINE RESOURCE.
NEW DESTINY CONTROLS AND MANAGES PERMANENT AFFORDABLE HOUSING FOR HOMELESS DOMESTIC VIOLENCE SURVIVORS AND LOW-INCOME HOUSEHOLDS. THE CURRENT PORTFOLIO INCLUDES 8 PERMANENT HOUSING PROJECTS WITH 232 UNITS WHERE AT LEAST HALF ARE ALLOCATED TO HOMELESS DOMESTIC VIOLENCE SURVIVORS. IN FY 2021, NEW DESTINY CONTINUED DEVELOPMENT OF FOUR AFFORDABLE HOUSING DEVELOPMENTS FOR DOMESTIC VIOLENCE SURVIVORS AND LOW-INCOME FAMILIES IN THE BRONX, BROOKLYN, QUEENS AND NEW ROCHELLE THAT TOGETHER WILL HAVE 260 NEW HOMES FOR FAMILIES HEADED BY DOMESTIC VIOLENCE SURVIVORS WHO ARE LIVING IN SHELTER. ALSO IN DEVELOPMENT IS A VACANT PROPERTY THAT WILL HAVE 30 UNITS FOR HOUSEHOLDS HEADED BY HOMELESS DOMESTIC VIOLENCE SURVIVORS. NEW DESTINY ALSO CONTROLS ONE 11-UNIT SHELTER FOR VICTIMS OF DOMESTIC VIOLENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Kazinduka Chief Financial Officer | Officer | 35 | $107,847 |
Brenda Tong Deputy Executive Director | Officer | 35 | $103,391 |
Carol L Corden Executive Director, Thru Aug. 2020 | Officer | 35 | $90,772 |
Nicole Branca Executive Director, As Of Aug. 2020 | Officer | 35 | $68,933 |
Jessie Gabriel Chair | OfficerTrustee | 0.5 | $0 |
Nicole Firment 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,662,398 |
All other contributions, gifts, grants, and similar amounts not included above | $1,287,194 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,949,592 |
Total Program Service Revenue | $4,038,251 |
Investment income | $738 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,998,544 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $436 |
Grants and other assistance to domestic individuals. | $695,501 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $465,420 |
Compensation of current officers, directors, key employees. | $57,483 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,720,204 |
Pension plan accruals and contributions | $58,357 |
Other employee benefits | $92,729 |
Payroll taxes | $220,091 |
Fees for services: Management | $45,431 |
Fees for services: Legal | $266 |
Fees for services: Accounting | $18,190 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $158,288 |
Advertising and promotion | $2,073 |
Office expenses | $70,796 |
Information technology | $140,005 |
Royalties | $0 |
Occupancy | $248,210 |
Travel | $1,072 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,990 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,035 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,033,929 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,311,985 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $753,837 |
Accounts receivable, net | $1,065,682 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $25,274 |
Net Land, buildings, and equipment | $105,176 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $7,245,568 |
Intangible assets | $0 |
Other assets | $752,804 |
Total assets | $14,260,326 |
Accounts payable and accrued expenses | $93,347 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $4,827 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $788,874 |
Total liabilities | $887,048 |
Net assets without donor restrictions | $13,108,722 |
Net assets with donor restrictions | $264,556 |
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 | $14,260,326 |
Over the last fiscal year, we have identified 18 grants that New Destiny Housing Corporation has recieved totaling $794,752.
Awarding Organization | Amount |
---|---|
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: AFTERCARE INTERVENTION TO IMPROVE HOUSING & HEALTH STABILITY | $376,970 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: AFTERCARE INTERVENTION TO IMPROVE HOUSING & HEALTH STABILITY | $215,030 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
William J & Dorothy K Oneill Foundation Inc Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT (MULTI-YEAR) | $25,000 |
Webster Bank Charitable Foundation Wilmington, DE PURPOSE: FAMILY SUPPORT PROGRAM | $25,000 |
William J & Dorothy K Oneill Foundation Inc Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT (MULTI-YEAR) | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |