Overview
What is New Story Inc?
New Story Inc is a compassionate nonprofit organization established in 2014, with operations beginning in 2015. Based in Atlanta, Georgia, New Story partners with reputable nonprofit organizations, financial institutions, and housing developers to provide affordable housing solutions for low-income families in developing countries. Their approach involves identifying individuals in need of housing, sharing this information with New Story, and subsequently delivering sustainable housing solutions. New Story's mission is to construct an inclusive housing market, contributing positively to vulnerable families worldwide. With a committed workforce of 42 individuals, New Story, Inc. is dedicated to making a tangible difference in the lives of those less fortunate.
Official website here: www.newstoryhomes.org
What are the reviews and ratings of this charity?
New Story Inc has received a Four-Star out of Four Star rating from Charity Navigator, with an impressive overall score of 94%. This high rating reflects substantial strengths in Accountability & Finance, where it scored 94%. The organization demonstrates strong governance and financial health, with independent board members and comprehensive audit and oversight practices in place. They earn full marks on liabilities to assets and fundraising efficiency ratios.
Despite this, New Story Inc has room for improvement in the Program Expense Ratio, which stands at 64.02%, missing full points. There's also a noted absence of a document retention and destruction policy. These are areas where the organization could build on its current strengths to enhance transparency and operational efficiency.
The Culture & Community score of 93 underscores the organization's commitment to equity, employing 11 equity strategies with a focus on analyzing racial disparities. While certain areas like Leadership & Adaptability and Impact & Measurement aren't scored, these commendable equity practices highlight a proactive approach in fostering an inclusive work environment.
This AI summary has been generated from information found on Charity Navigator.
Is New Story Inc legitimate?
New Story Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Story 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: $1,103,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newstoryhomes.org
What is the mission statement of New Story Inc?
New Story Inc., a nonprofit established in 2014 with operations commencing in 2015, is dedicated to creating sustainable and scalable housing solutions for vulnerable individuals and families worldwide. The organization's mission is to address the housing needs of low-income families by partnering with vetted nonprofit organizations, financial institutions, and housing developers. These partners identify individuals in need of housing, share relevant information with New Story, and then deliver housing solutions. New Story's goal is to foster an inclusive housing market, thereby contributing to a more equitable world.
Official website here: www.newstoryhomes.org
Who is the CEO of New Story Inc?
Jason Jumonville is the Director of New Story Inc. The CEO's salary of New Story Inc is $260,143 and their total compensation is $269,466.
Official website here: www.newstoryhomes.org
What is the revenue of New Story Inc?
New Story Inc's revenue in 2022 was $11,537,929.
Official website here: www.newstoryhomes.org
Who are the executives of New Story Inc and what are their salaries?
The average compensation at New Story Inc during 2022 was $26,263. There are 42 employees and 7 volunteers at New Story Inc.
Here are 17 key members and their salaries (New Story Inc's CEO's salary is $260,143 and their total compensation is $269,466):
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- Compensation: $260,143
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- Other: $9,323
- Compensation: $204,853
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- Other: $8,083
- Compensation: $207,515
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- Other: $17,445
- Compensation: $192,818
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- Other: $22,490
- Compensation: $158,151
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- Other: $22,235
- Compensation: $144,662
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- Other: $18,290
- Compensation: $157,833
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- Compensation: $139,984
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- Other: $2,720
- Compensation: $132,821
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- Other: $20,035
- Compensation: $122,393
- Related: $0
- Other: $18,584
Official website here: www.newstoryhomes.org
Where can I find the form 990 for New Story Inc?
New Story Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newstoryhomes.org
Learn more at the official website: www.newstoryhomes.org
Mission Statement of New Story Inc
New Story, Inc. is a nonprofit organization with a mission to establish a more inclusive housing market for vulnerable families worldwide. Established in 2014 and commencing operations in 2015, New Story focuses on creating sustainable and scalable housing solutions. The nonprofit achieves this by partnering with vetted nonprofit organizations, financial institutions, and housing developers, collectively known as housing partners. These partners operate in developing countries and provide housing solutions for low-income families. New Story's housing partners are responsible for identifying individuals and families in need of housing, sharing information about them with New Story, and delivering the housing solutions. By collaborating with these partners, New Story aims to address the housing needs of vulnerable families on a global scale.
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Impact
July, 2024
New Story Inc is dedicated to building a more inclusive housing market for vulnerable families around the world. By partnering with vetted organizations, financial institutions, and housing developers in developing countries, New Story Inc provides housing solutions for low-income families. This approach ensures that those in need of housing receive the support they require while promoting sustainability and scalability in the housing solutions provided. Founded in 2014, New Story Inc has been working diligently since 2015 to make a tangible impact on the lives of individuals and families in need.
This information is meant to be a general summary of New Story 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: -$120,623
- Program Service Revenue: $3,267
- Gross Receipts: $12,403,761
Assets and Liabilities:
- Total Assets: $14,589,450
- Total Liabilities: $4,667,755
- Net Assets: $9,921,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SAAS REVENUE
Revenue
$3,267
Organization Details
Founding Year
2014
Phone
(513) 453-6112Principal Officer
Jason Jumonville
Main Address
245 N HIGHLAND AVE 230-610, ATLANTA, GA, 30307
Website
www.newstoryhomes.orgNTEE Category
Code: P20 - Human services
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