Overview
What is New Beginnings Inc?
New Beginnings Inc is a nonprofit organization situated in Hutchinson, Kansas. With a mission to provide support, New Beginnings offers emergency, transitional, and permanent affordable housing options for displaced and low-income individuals within the community. Their primary goal is to rebuild and shelter lives, fostering a sense of affordability in housing across Kansas. The organization currently employs 113 individuals, demonstrating its dedication to its purpose.
Official website here: www.newbeginnings-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star Rating
New Beginnings Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and impact measurement. The overall score is a composite of various beacon scores, with the organization excelling particularly in impact measurement, achieving a perfect score of 100. This indicates that the nonprofit effectively demonstrates the results and benefits of its programs.
The charity's accountability and finance score stands at 88, highlighting its commitment to financial transparency and responsible management of resources. With a program expense ratio of 72.79%, New Beginnings Inc allocates a significant portion of its budget directly to its programs, ensuring that the majority of funds raised are utilized for its mission. The liabilities to assets ratio of 45.88% suggests a healthy balance sheet, indicating that the organization is managing its obligations effectively.
While the organization shows strengths in key performance areas, it primarily offers shelter services to individuals and families under 200% of Fair Market Rent, which may limit its reach compared to broader housing initiatives. Overall, New Beginnings Inc demonstrates a solid commitment to its mission and effectiveness in delivering impactful services to the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Beginnings Inc?
94% of 14 reviewers on Facebook recommend New Beginnings Inc. Here is a summary of their reviews:
The overwhelming sentiment among participants is positive, with many expressing gratitude for the support they have received through the program. Those who have gone through the experience highlight the program's effectiveness in helping homeless individuals find stability and regain their independence. Many users specifically mention the comprehensive services offered, including housing, food assistance, and medical care, which they believe are essential for successful reintegration into society.
One reviewer shared a personal success story, reflecting on the transformative impact that New Beginnings has had on their life after years of homelessness. They emphasized the program’s capacity to provide not only essential needs but also peace of mind, suggesting that the organization genuinely cares for its participants and equips them for a brighter future. Overall, it seems that New Beginnings Inc. makes a significant difference in the lives of those it serves, fostering hope and opportunities for a fresh start.
This AI summary has been generated from reviews found on Facebook.
Is New Beginnings Inc legitimate?
New Beginnings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Beginnings 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: $49,616
Professional Fundraising Fees: $0
Other Salaries and Wages: $889,389
For more financial information, click here
Official website here: www.newbeginnings-inc.org
What is the mission statement of New Beginnings Inc?
New Beginnings Inc, as an organization, is committed to a mission that encompasses sheltering and rebuilding lives while promoting affordable housing. They strive to provide emergency, transitional, and permanent affordable housing for individuals who are displaced or of low income within their community. This endeavor aims to contribute positively to the lives of those in need, thereby fostering a sense of stability and restoration.
Official website here: www.newbeginnings-inc.org
Who is the CEO of New Beginnings Inc?
Shara Gonzales is the CEO of New Beginnings Inc The CEO's salary of New Beginnings Inc is $49,616 and their total compensation is $49,616.
Official website here: www.newbeginnings-inc.org
What is the revenue of New Beginnings Inc?
New Beginnings Inc's revenue in 2023 was $2,121,725.
Official website here: www.newbeginnings-inc.org
Who are the executives of New Beginnings Inc and what are their salaries?
The average compensation at New Beginnings Inc during 2023 was $8,943. There are 105 employees at New Beginnings Inc.
Here are 10 key members and their salaries (New Beginnings Inc's CEO's salary is $49,616 and their total compensation is $49,616):
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Official website here: www.newbeginnings-inc.org
Where can I find the form 990 for New Beginnings Inc?
New Beginnings Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newbeginnings-inc.org
Learn more at the official website: www.newbeginnings-inc.org
Mission Statement of New Beginnings Inc
New Beginnings Inc, a nonprofit organization, is dedicated to providing a sanctuary and facilitating the revitalization of lives while promoting affordable housing opportunities within the state of Kansas. The organization's primary mission is to offer emergency, transitional, and long-term affordable housing solutions for displaced and low-income individuals in the community. By providing these essential housing services, New Beginnings Inc aims to contribute to the betterment of its community members and offer them a chance to rebuild their lives.
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Impact
July, 2024
New Beginnings Inc has a significant impact on the community by providing essential services such as emergency, transitional, and affordable permanent housing for displaced and low-income individuals in Kansas. Their mission to shelter and rebuild human lives while fostering affordable housing helps address critical needs and contributes to creating a more stable and supportive environment for those in need in Hutchinson, KS.
This information is meant to be a general summary of New Beginnings 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 2023.
- Program Service Revenue: $1,131,358
- Gross Receipts: $2,418,703
Assets and Liabilities:
- Total Assets: $7,850,469
- Total Liabilities: $3,602,297
- Net Assets: $4,248,172
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES & INCOME
Revenue
$1,131,358
Organization Details
Founding Year
1986
Principal Officer
Shara Gonzales
Website
www.newbeginnings-inc.orgNTEE Category
Code: L41 - Housing
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