Overview
What is New Horizons Corporation?
New Horizons Corporation is a nonprofit organization based in Nashville, Tennessee, with an address at 5221 Harding Place, 37217. Their primary focus is on supporting developmentally disabled adults, offering a range of services including vocational training, residential care, and day programs. The organization provides these services through various methods, such as supported living in shift or companion homes, family model residential services, and personal assistance in individuals' homes. New Horizons Corporation employs a team of 194 individuals to deliver these services, with funding primarily coming from the State of Tennessee's Department of Intellectual and Developmental Disabilities (DIDD), production facility contracts, community-based employment contracts, and residential services.
Official website here: www.newhorizonscorp.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
New Horizons Corporation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization received a perfect score in several key areas, including having a fully independent board and a thorough audit and oversight committee. Additionally, it demonstrated excellent financial practices, with a program expense ratio of 77.86%, ensuring that a significant portion of its funding goes directly toward its mission-driven programs.
The organization's financial transparency is evident through its well-documented policies, including conflict of interest and whistleblower policies. Their low liabilities to assets ratio of 9.39% further underscores their financial stability. Such metrics suggest that New Horizons Corporation is effectively managing its resources while maintaining a high level of oversight.
While the data reflects strong performance in accountability and finance, no specific details about program outcomes or broader impacts were provided. This could be an area for potential improvement, as stakeholders may seek more information on the effectiveness of the programs funded by the organization. Overall, New Horizons Corporation stands out for its financial integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is New Horizons Corporation legitimate?
New Horizons Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Horizons Corporation 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: $216,225
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,254,307
For more financial information, click here
Official website here: www.newhorizonscorp.com
What is the mission statement of New Horizons Corporation?
New Horizons Corporation is dedicated to providing vocational training, residential, and day services to adults with developmental disabilities. Their mission is to empower these individuals to lead fulfilling lives by offering tailored support and opportunities for growth. This includes residential services, such as supported living in a provider-staffed home or family model residential services with trained caregivers, as well as personal assistance with daily activities. Their primary funding comes from the Tennessee Department of Intellectual and Developmental Disabilities (DIDD), production facility contracts, community-based employment contracts, and residential services.
Official website here: www.newhorizonscorp.com
Who is the CEO of New Horizons Corporation?
Dwayne Breeding is the President of New Horizons Corporation.
Official website here: www.newhorizonscorp.com
What is the revenue of New Horizons Corporation?
New Horizons Corporation's revenue in 2023 was $5,932,386.
Official website here: www.newhorizonscorp.com
Who are the executives of New Horizons Corporation and what are their salaries?
The average compensation at New Horizons Corporation during 2023 was $17,889. There are 194 employees and 5 volunteers at New Horizons Corporation.
Here are 16 key members and their salaries:
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- Compensation: $155,775
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- Other: $18,239
Official website here: www.newhorizonscorp.com
Where can I find the form 990 for New Horizons Corporation?
New Horizons Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newhorizonscorp.com
Learn more at the official website: www.newhorizonscorp.com
Mission Statement of New Horizons Corporation
New Horizons Corporation, a nonprofit organization, is dedicated to providing vocational training, residential, and day services for adults with developmental disabilities. Their mission is to empower these individuals by offering personalized support and care, enabling them to lead fulfilling lives.
The organization offers a range of services designed to meet the unique needs of each adult. Their residential services include Supported Living, where New Horizons staffs the home and employs caregivers, and Family Model Residential, where trained caregivers, other than the family of origin, provide care under the oversight of New Horizons. Additionally, they provide Personal Assistance, offering direct help with daily living activities in the service recipient's home.
New Horizons Corporation's primary funding comes from various sources, including the State of Tennessee Department of Intellectual and Developmental Disabilities (DIDD), production facility contracts, community-based employment contracts, and residential services. This financial support allows the organization to continue providing high-quality services and empowering adults with developmental disabilities to reach their full potential.
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Impact
July, 2024
New Horizons Corporation's impact lies in providing vocational training, residential, and day services to developmentally disabled adults. Through its residential services, the organization offers supported living residential services with individualized support in shift or companion homes staffed by New Horizons. Additionally, they provide family model residential services in trained caregivers' homes overseen by New Horizons. Personal assistance is also offered to help with daily activities within the recipient's home. New Horizons Corporation is primarily funded by the State of Tennessee Department of Intellectual and Developmental Disabilities, production facility contracts, community-based employment contracts, and residential services. Their mission focuses on empowering developmentally disabled adults through essential services in Nashville, TN.
This information is meant to be a general summary of New Horizons Corporation. 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: -$21,721
- Program Service Revenue: $5,925,000
- Gross Receipts: $6,555,945
Assets and Liabilities:
- Total Assets: $6,007,956
- Total Liabilities: $564,690
- Net Assets: $5,443,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$3,598,010
CONTRACT SERVICES
Revenue
$2,326,990
Organization Details
Founding Year
1971
Phone
(615) 360-8595Principal Officer
Dwayne Breeding
Main Address
5221 HARDING PLACE, NASHVILLE, TN, 372172901
Website
www.newhorizonscorp.comNTEE Category
Code: P82 - Human services
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