New Destiny Housing Corporation
New Destiny Housing Corporation reported $19.8 million in revenue and $15.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.51 went to program services, $16.09 to management and general costs and $2.40 to fundraising. Its largest source of revenue was contributions and grants: 91.2% of the total. Government grants made up 56.4%. The highest compensation it reported for one person was $202,757 (CHIEF EXECUTIVE OFFICER). 5 people received more than $100,000 in reportable compensation. Revenue rose 595% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $20M- Contributions & grants (non-government)$34.75 $6.9M
- Government grants$56.35 $11M
- Program service revenue$7.44 $1.5M
- Investment income$1.46 $290K
Other revenue was negative: −$20,776. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.1% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.2% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 56.4% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.4% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $202,757 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.35% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 5 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 15.1 | 10.0 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseIn FY 2025 New Destiny operated two direct service programs the family support program and housing access and stability services.the family support program provides voluntary on-site services at New Destiny's permanent housing to promote housing stability, prevent or, if necessary, respond to incidents of violence, and improve the overall well-being and economic progress of tenants. On-site services include community building events, parenting support groups, safety and job readiness. Legal, health, and job training services are provided through partnerships with local and citywide partners
Housing access and stability services is a rapid rehousing program that focuses on connecting survivors to permanent housing as quickly and safely as possible. The goal is to prevent or shorten stays in new york city's homeless shelter systems. Clients receive referrals to units in areas self-identified as safe. They also receive hands-on support to secure the unit including assistance with the leasing and moving process. The program also offers short term rental assistance, financial coaching, supportive services such as childcare, transportation assistance, licensing fees, and referrals for…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 35.00 hrs/week | $177,851 | $0 | $24,906 | $202,757 |
| GENERAL COUNSEL Highest compensated employee, 35.00 hrs/week | $152,635 | $0 | $8,509 | $161,144 |
| SENIOR DIR. OF REAL ESTATE Highest compensated employee, 35.00 hrs/week | $138,030 | $0 | $4,502 | $142,532 |
| CFO, THRU MAY 2025 Officer, 35.00 hrs/week | $133,475 | $0 | $7,347 | $140,822 |
| CONTROLLER Highest compensated employee, 35.00 hrs/week | $106,716 | $0 | $21,382 | $128,098 |
| DEP. EXEC. DIR, THRU JULY 2024 Officer, 35.00 hrs/week | $81,512 | $0 | $9,996 | $91,508 |
5 people received more than $100,000 in reportable compensation from New Destiny Housing Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $376K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5113
- Volunteers Part I, line 621
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SAFEWATCH SECURITY GROUP INC Security services for tenant buildings | $542,309 |
| UNIVERSITY SETTLEMENT-CONSULTATION CENTE Ehv mental health aftercare clinical ser | $232,000 |
| INTELLIGENT IT DESIGNS INC Computer technical support | $153,987 |
| PKF O'CONNOR DAVIES LLP Audit and tax services | $116,625 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
9 private foundations reported grants to New Destiny Housing Corporation totaling $535K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from New Destiny Housing Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Destiny Housing Corporation, you can publish a response that is linked from this page.
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Of every $100 New Destiny Housing Corporation spent in FY2025, $81.51 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in New York
Questions people ask
How much of New Destiny Housing Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, New Destiny Housing Corporation reported that 81.5% of its $15.0 million in expenses went to program services, 16.1% to management and general and 2.4% to fundraising (Form 990, Part IX).
How much does New Destiny Housing Corporation pay its top executive?
The largest total compensation New Destiny Housing Corporation reported for one person in the fiscal year ending June 30, 2025 was $202,757, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Destiny Housing Corporation get its money?
Of $19.8 million in revenue in the fiscal year ending June 30, 2025, 91.2% came from contributions and grants (including 56.4% from government grants) and 7.4% from program service revenue (Form 990, Part VIII).
Is New Destiny Housing Corporation a registered charity?
The IRS lists EIN 13-3778489 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601199349301795 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024 (amended), object 202522069349301117 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349300720 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349316739 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349303444 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121169349300042 · read the filing
All filings for EIN 13-3778489: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.