Overview
What is New Horizons Development Corporation Of Nanticoke?
New Horizons Development Corporation of Nanticoke is a nonprofit organization situated in Nanticoke, Pennsylvania. With a focus on affordable housing, they participate in the Department of Housing and Urban Development's Section 8 Housing Choice Voucher Program, providing housing solutions for eligible applicants. Their mission goes beyond just housing, extending to the preservation of local properties, thereby contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating reflects the organization's performance based solely on its accountability and finance metrics, indicating a need for improvement in overall effectiveness and transparency.
New Horizons Development Corporation of Nanticoke demonstrates strong accountability practices, including a fully independent board and a solid track record of no material asset diversions. Their program expense ratio is exemplary at 100%, suggesting that all of their expenses are dedicated to program services, which is a positive indicator for donors regarding resource allocation.
Despite these strengths, the overall score of 73% places them in the Two-Star category, signaling that there are areas for enhancement. These could involve improving their performance in areas beyond accountability and finance to achieve a higher rating and greater donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is New Horizons Development Corporation Of Nanticoke legitimate?
New Horizons Development Corporation Of Nanticoke is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Horizons Development Corporation Of Nanticoke 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New Horizons Development Corporation Of Nanticoke?
New Horizons Development Corporation aims to assist its local community by focusing on property preservation and providing affordable housing opportunities. They accomplish this by catering to individuals who are eligible for the Department of Housing and Urban Development's Section 8 Housing Choice Voucher Program, ensuring that affordable housing remains accessible within the community.
What is the revenue of New Horizons Development Corporation Of Nanticoke?
New Horizons Development Corporation Of Nanticoke's revenue in 2023 was $37,166.
Who are the executives of New Horizons Development Corporation Of Nanticoke and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for New Horizons Development Corporation Of Nanticoke?
New Horizons Development Corporation Of Nanticoke's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Horizons Development Corporation Of Nanticoke
New Horizons Development Corporation, a nonprofit organization, is committed to aiding its local community in two significant areas: property preservation and providing affordable housing. The corporation's mission is centered around assisting individuals who meet the criteria for the Department of Housing and Urban Development's Section 8 Housing Choice Voucher Program, ensuring they have access to suitable housing options. By undertaking this mission, New Horizons Development Corporation contributes to the betterment of its community, providing a vital service that addresses the essential needs of its residents.
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Impact
August, 2024
New Horizons Development Corporation Of Nanticoke plays a crucial role in providing affordable housing for qualified applicants under the Department of Housing and Urban Development Section 8 Housing Choice Voucher Program. By focusing on property preservation and offering housing solutions, this organization positively impacts the local community in Nanticoke, PA. Through its dedication to community improvement, New Horizons Development Corporation contributes to creating stable and sustainable housing options for those in need, ultimately enhancing the quality of life for residents in the area.
This information is meant to be a general summary of New Horizons Development Corporation Of Nanticoke. 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 2023.
- Investment Income: $7
- Gross Receipts: $53,611
Assets and Liabilities:
- Total Assets: $781,157
- Total Liabilities: $11,112
- Net Assets: $770,045
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Organization Details
Founding Year
2006
Principal Officer
Jeff Kozlofski
NTEE Category
Code: S80 - Community improvement
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