Overview
What is Newly Destined Inc?
Newly Destined Inc, situated in Newark, New Jersey, is a nonprofit organization dedicated to aiding the homeless and individuals struggling with mental illness or substance abuse. With a team of 15 employees, they offer comprehensive services designed to cater to the needs of their clients. These services encompass providing shelter, social casework management, and support for those dealing with mental health issues and chemical dependency. Their mission is multifaceted, covering all stages of service delivery to help individuals overcome their challenges and rebuild their lives.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
Newly Destined Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity has achieved a high score primarily due to its independent board structure and comprehensive financial practices, which reflects a strong commitment to transparency and good governance.
The organization has received full marks in several key areas, including having a majority of independent board members and maintaining thorough financial documentation. Its program expense ratio is notably high at 85%, suggesting that a significant portion of the funds raised is directed towards its programs, which is a positive indication of its operational efficiency.
However, the liabilities to assets ratio of 60.62% points to some financial leverage, indicating that the organization has a moderate level of debt. While this is not necessarily a negative factor, it may warrant attention for long-term financial sustainability. Overall, Newly Destined Inc shows a strong commitment to accountability, though potential donors should consider its financial liabilities when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Newly Destined Inc legitimate?
Newly Destined Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newly Destined 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: $149,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Newly Destined Inc?
Newly Destined Inc is committed to offering comprehensive services for individuals struggling with mental illness and substance abuse. Their mission encompasses providing shelter for the homeless and offering Social Casework management to participants. By providing these services, the organization aims to support and empower those dealing with these challenges, helping them overcome their struggles and rebuild their lives.
Who is the CEO of Newly Destined Inc?
Duchant R Johnson is the President of Newly Destined Inc.
What is the revenue of Newly Destined Inc?
Newly Destined Inc's revenue in 2022 was $852,310.
Who are the executives of Newly Destined Inc and what are their salaries?
The average compensation at Newly Destined Inc during 2022 was $9,997. There are 15 employees at Newly Destined Inc.
Here are 3 key members and their salaries:
- Compensation: $13,900
- Related: $0
- Other: $0
- Compensation: $59,055
- Related: $0
- Other: $0
- Compensation: $77,000
- Related: $0
- Other: $0
Where can I find the form 990 for Newly Destined Inc?
Newly Destined Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Newly Destined Inc
Newly Destined Inc, a non-profit organization, is committed to providing comprehensive services for individuals struggling with mental illness, chemical addiction, and substance abuse. The organization's mission is multifaceted, encompassing the provision of shelter for homeless individuals, as well as offering Social Casework services to all participants.
In its efforts to aid those in need, Newly Destined Inc has successfully offered shelter to over 250 homeless clients. Alongside this, the organization provides Social Casework Management Services, ensuring a holistic approach to addressing the complex needs of each participant. These services are designed to empower individuals, helping them navigate their recovery journey and rebuild their lives.
By offering a combination of shelter and social casework, Newly Destined Inc aims to provide a supportive environment for its clients, enabling them to focus on their recovery and rehabilitation. The organization's mission is to make a meaningful difference in the lives of those struggling with mental illness, addiction, and homelessness, offering them a pathway towards a brighter future.
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
June, 2024
Newly Destined Inc has a significant impact on the community by providing all the required phases of services for the Mentally Ill, Chemically Addicted/Substance Abuser. Additionally, they offer shelter for the homeless and Social Casework Management Services. In the city of Newark, New Jersey, Newly Destined Inc has provided shelter for over 250 homeless clients and Social Casework Management Services to all participants. Their mission to support those in need, particularly in the realm of mental health, is commendable and crucial for the well-being of the community.
This information is meant to be a general summary of Newly Destined 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.
- Program Service Revenue: $852,310
- Gross Receipts: $852,310
Assets and Liabilities:
- Total Assets: $1,545,338
- Total Liabilities: $936,850
- Net Assets: $608,488
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.
ESSEX CTY DIVISION OF WELFARE
Revenue
$852,310
Organization Details
Founding Year
2005
Phone
(973) 242-6599Principal Officer
Duchant R Johnson
Main Address
1114-1116 BROAD STREET, Newark, NJ, 07112
NTEE Category
Code: F30 - Mental health
If you are a representative of Newly Destined 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.