New Horizons Resources Inc
- Assets
- $27.0m
- Revenue
- $34.4m
- Investments
- $0.0
- Employees
- 546
- Location
- Pleasant Valley, NY
- Founding
- 05/1974
- Data as of
- 12/2023
- EIN
- 52-4862107
Organization Overview
New Horizons Resources Inc is located in Pleasant Valley, NY. The organization was established in 1974. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, New Horizons Resources Inc employed 546 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Resources 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 12/2023, New Horizons Resources Inc generated $34.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $33.3m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEW HORIZONS RESOURCES IS TO ENABLE PEOPLE WITH DEVELOPMENTAL DISABILITIES TO ACHIEVE FULFILLING LIVES WITHIN THEIR COMMUNITIES BY ESTABLISHING A HOME, BELONGING, SELF-DETERMINATION, AND RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMEDIATE CARE FACILITY - PROVIDES RESIDENTIAL CARE AND SUPERVISION TO DEVELOPMENTALLY DISABLED ADULTS. NUMBER SERVED: 12. NOTE: THE PROGRAM REVENUE AMOUNT LISTED ABOVE EXCLUDES $80,661 OF FMAP, COVID SERVICE & VACCINE BONUS REVENUE, WHICH IS CONSIDERED NON-PROGRAM REVENUE; HOWEVER, THE RELATED FMAP, COVID SERVICE & VACCINE BONUS EXPENSE IS CONSIDERED PROGRAM EXPENSE AND IS INCLUDED IN THE PROGRAM EXPENSE AMOUNT LISTED ABOVE.
INDIVIDUAL RESIDENTIAL ALTERNATIVES - PROVIDE RESIDENTIAL CARE AND SUPERVISION TO DEVELOPMENTALLY DISABLED ADULTS IN A COMMUNITY SETTING. NUMBER SERVED: 168. NOTE: THE PROGRAM REVENUE AMOUNT LISTED ABOVE EXCLUDES $1,444,667 OF FMAP, COVID SERVICE & VACCINE BONUS REVENUE, WHICH IS CONSIDERED NON-PROGRAM REVENUE; HOWEVER, THE RELATED FMAP, COVID SERVICE & VACCINE BONUS EXPENSE IS CONSIDERED PROGRAM EXPENSE AND IS INCLUDED IN THE PROGRAM EXPENSE AMOUNT LISTED ABOVE.
DAY HABILITATION - NUMBER SERVED- 75. NOTE: THE PROGRAM REVENUE AMOUNT LISTED ABOVE EXCLUDES $68,858 OF FMAP, COVID SERVICE & VACCINE BONUS REVENUE, WHICH IS CONSIDERED NON-PROGRAM REVENUE; HOWEVER, THE RELATED FMAP, COVID SERVICE & VACCINE BONUS EXPENSE IS CONSIDERED PROGRAM EXPENSE AND IS INCLUDED IN THE PROGRAM EXPENSE AMOUNT LISTED ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Bottini Board Member | Trustee | 0.19 | $0 |
Justin Varuzzo Board Member | Trustee | 0.29 | $0 |
Madelaine Watterson Board Member | Trustee | 0.19 | $0 |
Phillip Seligman Board Member | Trustee | 0.29 | $0 |
Alison Heady Board Member | Trustee | 0.19 | $0 |
Donna Seelbach Board Member | Trustee | 0.29 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transitional Builders Inc Contractor | 12/30/23 | $431,204 |
Jts Construction Of Dutchess Inc Contractor | 12/30/23 | $343,882 |
Fierro General Contracting Corporation Contractor | 12/30/23 | $239,375 |
Bsg Integrative Psychology Pc Psychology Services | 12/30/23 | $217,000 |
Mauri Architects Pc Architect | 12/30/23 | $199,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,982 |
| Related organizations | $0 |
| Government grants | $1,561,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,615 |
| Noncash contributions included in lines 1a–1f | $110,725 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,903,444 |
| Total Program Service Revenue | $32,265,374 |
| Investment income | $205,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,400 |
| Net Income from Fundraising Events | -$6,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,418,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $568,505 |
| Compensation of current officers, directors, key employees. | $568,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,599,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,807,374 |
| Payroll taxes | $1,647,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $178,124 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,699,820 |
| Travel | $549,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,295,272 |
| Insurance | $464,469 |
| All other expenses | $1,084,375 |
| Total functional expenses | $33,348,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,519,169 |
| Savings and temporary cash investments | $300,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,616,882 |
| 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 | $225,921 |
| Net Land, buildings, and equipment | $15,976,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $322,855 |
| Total assets | $26,962,243 |
| Accounts payable and accrued expenses | $2,198,170 |
| Grants payable | $0 |
| Deferred revenue | $501,973 |
| Tax-exempt bond liabilities | $293,624 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,559,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $517,404 |
| Total liabilities | $8,070,365 |
| Net assets without donor restrictions | $18,740,349 |
| Net assets with donor restrictions | $151,529 |
| 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 | $26,962,243 |