New Directions Housing Corporation
New Directions Housing Corporation reported $13.4 million in revenue and $14.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.58 went to program services, $7.91 to management and general costs and $2.51 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 56.3% of the total. Government grants made up 20.9%. The highest compensation it reported for one person was $197,671 (PRESIDENT/CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 70% 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 $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.6% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.9% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.5% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 39.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 20.9% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 56.3% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $197,671 | $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 | 9 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 18.6 | 10.0 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 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 expenseRental properties - provide shelter and site-based social and educational services to aid low-income individuals. New Directions connects residents to the resources they need to meet their goals in life, including social services, youth programming, coaching, and group informational sessions
Asset and property management - maintain and preserve rental housing to help low-income households. New Directions provides clean, safe, affordable, quality housing for more than 821 families and 1,363 individuals of low income, including children and seniors, in our community's most economically disadvantaged neighborhoods
Home ownership preservation - increase and preserve affordable housing, primarily in louisville's west end neighborhoods. New Directions mobilizes community-wide resources and had 1,154 volunteers this fiscal year to assist low to moderate income seniors and disabled homeowners with essential home repairs. In addition, we provide low to moderate income homeowners with larger home repair opportunities through low-interest or forgivable loans to prevent and combat the issue of vacant and abandoned properties in our city
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 |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 40.00 hrs/week | $191,133 | $0 | $6,538 | $197,671 |
| COO Officer, 40.00 hrs/week | $161,364 | $0 | $8,884 | $170,248 |
| CRO Officer, 40.00 hrs/week | $151,667 | $0 | $708 | $152,375 |
| CDO Officer, 40.00 hrs/week | $120,226 | $0 | $8,998 | $129,224 |
| CFO (TILL 11/24)/SR ADV (TILL 1/25) Officer, 40.00 hrs/week | $120,685 | $0 | $5,228 | $125,913 |
| CIO Officer, 40.00 hrs/week | $100,398 | $0 | $8,318 | $108,716 |
| CSO Officer, 40.00 hrs/week | $24,007 | $0 | $4,795 | $28,802 |
| CFO FROM 11/2024 Officer, 40.00 hrs/week | $18,462 | $0 | $0 | $18,462 |
9 people received more than $100,000 in reportable compensation from New Directions Housing Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $931K (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–1b21 · 21 independent
- Audited financial statements Part XII 2bYes
- 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 4No
- 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 597
- Volunteers Part I, line 61,154
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LIFESTONE DYNAMIC LLC Construction services | $1,867,714 |
| BIG G&D LLC Construction services | $1,579,867 |
| JACOBS REMODELING Construction services | $530,496 |
| WATSON MECHANICAL AND GENERAL CONTRACTIN Construction services | $438,441 |
| J M FLETCHERS DESIGN SERVICES Construction services | $269,265 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to New Directions Housing Corporation totaling $263K 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 Directions 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 Directions Housing Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 New Directions Housing Corporation spent in FY2025, $89.58 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Catholic Charities Housing Services Diocese of YakimaYakima, WA · revenue $13M · programs 90.6% · FY2025
- Kahala Nui Senior Living FoundationHonolulu, HI · revenue $13M · programs 90.4% · 2024
- Dupage PadsWheaton, IL · revenue $13M · programs 89.1% · FY2025
- George Gervin Youth CenterSan Antonio, TX · revenue $13M · programs 91.4% · FY2025
- Paramount Community Living and RehabNewton, KS · revenue $13M · programs 100.0% · 2024
All housing & shelter charities · Largest charities in Kentucky
Questions people ask
How much of New Directions Housing Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, New Directions Housing Corporation reported that 89.6% of its $14.6 million in expenses went to program services, 7.9% to management and general and 2.5% to fundraising (Form 990, Part IX).
How much does New Directions Housing Corporation pay its top executive?
The largest total compensation New Directions Housing Corporation reported for one person in the fiscal year ending June 30, 2025 was $197,671, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Directions Housing Corporation get its money?
Of $13.4 million in revenue in the fiscal year ending June 30, 2025, 39.1% came from contributions and grants (including 20.9% from government grants) and 56.3% from program service revenue (Form 990, Part VIII).
Is New Directions Housing Corporation a registered charity?
The IRS lists EIN 61-0715630 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202631119349301138 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349310025 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431279349301863 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321299349302927 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349306467 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130579349301708 · read the filing
All filings for EIN 61-0715630: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.