New Horizons Corp
- Assets
- $6.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 194
- Location
- Nashville, TN
- Founding
- 12/1972
- Data as of
- 06/2023
- EIN
- 62-0857186
Organization Overview
New Horizons Corp is located in Nashville, TN. The organization was established in 1972. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, New Horizons Corp employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Corp 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 06/2023, New Horizons Corp generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $6.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. 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
VOCATIONAL TRAINING, RESIDENTIAL, AND DAY SERVICES PROVIDED TODEVELOPMENTALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICESSUPPORTED LIVING RESIDENTIAL SERVICE WITH INDIVIDUALIZED SERVICE AND SUPPORTS IN EITHER A SHIFT OR COMPANION HOME WHERE THE PROVIDER (NEW HORIZONS) STAFFS THE HOME AND EMPLOYS THE CAREGIVERS.FAMILY MODEL RESIDENTIAL SERVICE WITH INDIVIDUALIZED SERVICE AND SUPPORTS IN THE HOME OF TRAINED CAREGIVERS OTHER THAN THE FAMILY OF ORIGIN. THE CAREGIVERS ARE OVERSEEN BY THE PROVIDER (NEW HORIZONS) AS CONTRACTED INDIVIDUALS.PERSONAL ASSISTANCE PROVISION OF DIRECT ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, USUALLY PROVIDED IN THE SERVICE RECIPIENT'S HOME.OUR PRINCIPAL FUNDING IS PROVIDED BY THE STATE OF TENNESSEE DEPARTMENT OF INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (DIDD), PRODUCTION FACILITY CONTRACTS, COMMUNITY-BASED EMPLOYMENT CONTRACTS, AND RESIDENTIAL SERVICES.
DAY SERVICESEMPLOYMENT / FACILITY BASED SERVICES THIS SERVICE FACILITATES ACCESS AND SUPPORT ACTIVITIES SUCH AS COMPETITIVE EMPLOYMENT, SELF-EMPLOYMENT, ENCLAVES AND WORK CREWS. THE SUPPORTED WORKSHOP PROGRAM WAS DISCONTINUED DURING THE FISCAL YEAR ENDING JUNE 30, 2020. THE REMAINING EMPLOYMENT AND FACILITY-BASED SERVICES ARE STILL OPERATING AS OF JUNE 30, 2023.COMMUNITY BASED / IN HOME SERVICES THIS SERVICE ENABLES THE SERVICE RECIPIENTS TO PARTICIPATE IN AN INTEGRATED SETTING WITH OTHER COMMUNITY MEMBERS WHO MAY OR MAY NOT HAVE A DISABILITY. THESE SUPPORTS MAY BE PROVIDED IN THE HOME, IF THERE IS A HEALTH, BEHAVIORAL OR OTHER MEDICAL REASON, OR IF THE INDIVIDUAL HAS CHOSEN RETIREMENT. SUPPORTS MAY FACILITATE JOB EXPLORATION, VOLUNTEER WORK, EDUCATIONAL ACTIVITIES, AND OTHER MEANINGFUL, MEASURABLE COMMUNITY ACTIVITIES THAT PROMOTE DEVELOPING AND MAINTAINING RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Willis President | OfficerTrustee | 2 | $0 |
Jason Rochelle Vice President | OfficerTrustee | 2 | $0 |
Mary Bryson Secretary | OfficerTrustee | 2 | $0 |
Nick Passomato Treasurer | OfficerTrustee | 2 | $0 |
Bill Ellis Honorary Board Member | Trustee | 2 | $0 |
April Harrington Board Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcy Vestal Care-giver | 6/29/23 | $171,181 |
Theresa Hume Care-giver | 6/29/23 | $153,505 |
Jacob Gilley Care-giver | 6/29/23 | $131,253 |
D'ante Dunham Care-giver | 6/29/23 | $102,085 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,221 |
| Total Program Service Revenue | $5,925,000 |
| Investment income | $23,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,208 |
| Net Gain/Loss on Asset Sales | -$44,811 |
| Net Income from Fundraising Events | $13,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,932,386 |
| 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. | $216,225 |
| Compensation of current officers, directors, key employees. | $48,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,254,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,445 |
| Payroll taxes | $266,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $255 |
| Fees for services: Accounting | $23,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,619 |
| Fees for services: Other | $96,937 |
| Advertising and promotion | $0 |
| Office expenses | $4,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,039 |
| Travel | $36,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,758 |
| Insurance | $339,998 |
| All other expenses | $117,421 |
| Total functional expenses | $6,002,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,419,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,015,922 |
| 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 | $36,003 |
| Net Land, buildings, and equipment | $441,724 |
| Investments—publicly traded securities | $1,094,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,007,956 |
| Accounts payable and accrued expenses | $413,838 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $150,852 |
| Other liabilities | $0 |
| Total liabilities | $564,690 |
| Net assets without donor restrictions | $5,423,073 |
| Net assets with donor restrictions | $20,193 |
| 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 | $6,007,956 |