Overview
What is New Horizons Inc?
New Horizons Inc, based in Farmington, Connecticut, is a nonprofit organization dedicated to empowering 101 individuals with physical disabilities to live independently. They offer affordable housing, accessible transportation, and essential support services to help their residents thrive. New Horizons goes beyond just housing, with short-term and outpatient medical rehabilitation, as well as long-term skilled nursing care available in their supportive communities. The mission of New Horizons is to enable seniors, adults with disabilities, and individuals facing challenges to achieve their wellness goals and live life to the fullest. With a team of 234 employees, their services create opportunities for self-directed living and happiness.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
New Horizons Inc has received an 82% rating from Charity Navigator, which reflects strong accountability and financial health. This score is derived solely from the Accountability & Finance beacon, indicating a solid framework for governance and transparency within the organization. The charity boasts a fully independent board, which enhances its credibility and decision-making processes.
The organization excels in several key areas, including a high program expense ratio of 90.95%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, it has no material diversion of assets and consistently documents board meeting minutes, showcasing its commitment to accountability. The low liabilities to assets ratio of 30.76% further emphasizes its financial stability.
Despite its strong performance, the rating is based exclusively on financial metrics, which may not provide a complete picture of the organization’s impact or program effectiveness. Potential donors might consider looking for additional qualitative information about the charity's programs and outcomes to ensure it aligns with their values and mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Horizons Inc legitimate?
New Horizons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Horizons Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $387,561
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,125,682
For more financial information, click here
What is the mission statement of New Horizons Inc?
New Horizons Inc is dedicated to empowering seniors, adults with disabilities, and individuals facing challenges to live independently and joyfully. They offer affordable housing and accessible transportation, as well as support services, short-term and outpatient medical rehabilitation, and long-term skilled nursing care. Through these offerings, they enable their residents to achieve their wellness goals and improve their quality of life. The supportive communities of care provided by New Horizons Inc aim to promote independence and joy, allowing individuals to live their best lives despite their unique circumstances.
Who is the CEO of New Horizons Inc?
Carol Fitzgerald is the Director of New Horizons Inc. The CEO's salary of New Horizons Inc is $226,902 and their total compensation is $251,316.
What is the revenue of New Horizons Inc?
New Horizons Inc's revenue in 2022 was $23,386,855.
Who are the executives of New Horizons Inc and what are their salaries?
The average compensation at New Horizons Inc during 2022 was $32,108. There are 234 employees and 35 volunteers at New Horizons Inc.
Here are 23 key members and their salaries (New Horizons Inc's CEO's salary is $226,902 and their total compensation is $251,316):
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- Compensation: $226,902
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- Other: $8,607
Where can I find the form 990 for New Horizons Inc?
New Horizons Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Horizons Inc
New Horizons, Inc. is a dedicated organization that offers affordable housing, accessible transportation, and essential support services to seniors, adults with disabilities, and individuals facing various challenges. Their mission is to empower these individuals to achieve their wellness goals and live life as independently and joyfully as possible.
New Horizons, Inc. goes beyond basic needs by providing short-term and outpatient medical rehabilitation and long-term skilled nursing care in supportive communities. This comprehensive approach enables those they serve to not only recover but also thrive. Their services aim to promote wellbeing and self-sufficiency, enhancing the quality of life for each person.
New Horizons, Inc. takes a holistic approach, recognizing that everyone has unique needs and circumstances. By offering affordable housing and accessible transportation, they ensure that their residents can move about freely and safely. Furthermore, their support services address the physical, emotional, and social aspects of well-being, ensuring that each individual receives the care they need to live their best life.
In summary, New Horizons, Inc. is a compassionate and inclusive organization that provides essential services to seniors, adults with disabilities, and individuals facing challenges. Their mission is to empower and enable these individuals to live their lives as independently and joyfully as possible, offering a range of services tailored to their unique needs.
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Impact
October, 2024
New Horizons Inc significantly impacts the lives of seniors, adults with disabilities, and individuals facing various challenges by providing essential services that foster independence and well-being. The organization offers affordable housing and accessible transportation, creating a foundation for clients to thrive in a supportive community.
One of its key initiatives, New Horizons Village, accommodates 101 individuals with physical disabilities, promoting an environment where self-directed living is prioritized. Through comprehensive support services, including short-term and outpatient medical rehabilitation, as well as long-term skilled nursing care, New Horizons Inc enables residents to pursue their wellness goals.
By facilitating access to these vital resources, the organization not only enhances the quality of life for its clients but also empowers them to live joyfully and with dignity. New Horizons Inc's mission embodies a commitment to fostering a nurturing and inclusive community that champions the rights and capabilities of often marginalized populations.
This information is meant to be a general summary of New Horizons Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $155,142
- Program Service Revenue: $17,974,688
- Gross Receipts: $23,685,457
Assets and Liabilities:
- Total Assets: $30,323,196
- Total Liabilities: $9,330,309
- Net Assets: $20,992,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$6,482,081
MEDICAID
Revenue
$6,423,745
MEDICARE
Revenue
$2,950,363
PRIVATE INSURANCE, PRIVATE PAY &
Revenue
$2,118,499
Organization Details
Founding Year
1967
Phone
(860) 675-4711Principal Officer
Carol Fitzgerald
Main Address
37 BLISS MEMORIAL ROAD, FARMINGTON, CT, 06085
NTEE Category
Code: P750 - Human services
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