Overview
What is New Reach Inc?
New Reach Inc, based in New Haven, Connecticut, is a dedicated nonprofit organization focused on combating homelessness and poverty. They offer high-quality, collaborative eviction prevention services, aiding low-income households in avoiding eviction and related trauma. Their case management services are strengths-based, person-centered, and trauma-informed, utilizing the most advanced evidence-based practices to promote client choice, long-term independence, and housing stability. New Reach's mission is to inspire lasting independence for all individuals affected by homelessness and poverty through a comprehensive continuum of housing and support, utilizing the most innovative, progressive, equitable, and inclusive methods. With a workforce of 125, they strive to make homelessness rare, brief, and one-time, ultimately aiming to end this challenge altogether.
Official website here: www.newreach.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
New Reach Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and impact measurement. With a perfect score of 100% in these categories, the organization demonstrates a commitment to financial transparency and effective program delivery, ensuring that donations are utilized efficiently.
The organization boasts a program expense ratio of 77.05%, indicating that a significant portion of its funding directly supports its programs, rather than administrative costs. Additionally, its low liabilities to assets ratio of 31.04% suggests a solid financial foundation, which enhances its ability to achieve long-term goals and sustain its mission.
No notable limitations are highlighted in the available data, further supporting the positive outlook on New Reach Inc's operations and effectiveness. Overall, the charity's exceptional ratings signal a reliable and impactful organization dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is New Reach Inc legitimate?
New Reach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Reach 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: $180,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,316,562
For more financial information, click here
Official website here: www.newreach.org
What is the mission statement of New Reach Inc?
New Reach Inc's mission is centered around inspiring independence for individuals impacted by homelessness and poverty. They aim to achieve this goal through a continuum of housing and support, employing innovative and progressive methods. The organization is committed to using equitable and inclusive approaches in their work, with the ultimate goal of making homelessness rare, brief, and a one-time occurrence. By staying true to this mission, New Reach Inc strives to end homelessness, thereby improving the lives of those they serve.
Official website here: www.newreach.org
Who is the CEO of New Reach Inc?
Kellyann Day is the CEO of New Reach Inc The CEO's salary of New Reach Inc is $180,640 and their total compensation is $195,399.
Official website here: www.newreach.org
What is the revenue of New Reach Inc?
New Reach Inc's revenue in 2024 was $9,839,132.
Official website here: www.newreach.org
Who are the executives of New Reach Inc and what are their salaries?
The average compensation at New Reach Inc during 2024 was $53,538. There are 84 employees and 100 volunteers at New Reach Inc.
Here are 15 key members and their salaries (New Reach Inc's CEO's salary is $180,640 and their total compensation is $195,399):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $180,640
- Related: $0
- Other: $14,759
- Compensation: $136,686
- Related: $0
- Other: $4,549
- Compensation: $125,610
- Related: $0
- Other: $12,115
Official website here: www.newreach.org
Where can I find the form 990 for New Reach Inc?
New Reach Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.newreach.org
Learn more at the official website: www.newreach.org
Mission Statement of New Reach Inc
New Reach Inc, a nonprofit organization, is committed to inspiring independence for individuals impacted by homelessness and poverty. They achieve this goal through a continuum of housing and support, employing the most innovative and progressive methods. Their mission is not just about providing temporary solutions, but about fostering lasting independence. They strive to use equitable and inclusive approaches, ensuring that their methods are accessible and beneficial to all. This mission is integral to their larger objective of making homelessness rare, brief, and one-time events. By adhering to this mission, New Reach Inc seeks to contribute significantly to the ultimate end of homelessness.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
New Reach Inc has a profound impact on the lives of individuals and families affected by homelessness and poverty. By providing a continuum of housing and support services, the organization works to inspire lasting independence. Their innovative and progressive approach addresses both immediate needs and long-term solutions.
One of the core areas of New Reach's impact is their high-quality eviction prevention services, which help low-income households avert eviction and the associated trauma. By fostering strong support systems, they not only prevent homelessness but also empower individuals to maintain housing stability.
Additionally, New Reach's case management services are designed with a strengths-based, person-centered, and trauma-informed methodology. This approach utilizes evidence-based practices that promote client choice and long-term independence. By focusing on these principles, New Reach enhances the lives of those they serve, ultimately contributing to the goal of making homelessness rare, brief, and a one-time experience.
Operating in New Haven, Connecticut, New Reach Inc strives to uphold equity and inclusivity in their mission, ensuring that all people have access to the resources they need for a sustainable future. Through these comprehensive efforts, the organization positively influences the community, helping to create pathways out of poverty and towards brighter futures for many.
This information is meant to be a general summary of New Reach 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 2024.
- Investment Income: $152,045
- Program Service Revenue: $1,043,157
- Gross Receipts: $9,994,730
Assets and Liabilities:
- Total Assets: $19,062,016
- Total Liabilities: $3,991,654
- Net Assets: $15,070,362
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTS
Revenue
$1,043,157
Organization Details
Founding Year
1990
Principal Officer
Kellyann Day
Website
www.newreach.orgNTEE Category
Code: L22Z - Housing
If you are a representative of New Reach Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.