New Horizons Affordable Housing & Development
New Horizons Affordable Housing & Development reported $12.9 million in revenue and $5.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $57.21 went to program services, $42.79 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.3% of the total. The highest compensation it reported for one person was $299,752 (EXECUTIVE DIRECTOR). Revenue rose 216% between FY2021 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 $5.1MFor 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) | 57.2% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 42.8% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.3% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.3% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.3% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $299,752 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.92% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.5 | 10.0 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 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 expenseHighest 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 |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Director/trustee, officer, 1.00 hrs/week | $0 | $299,752 | $0 | $299,752 |
| FINANCE DIRECTOR Director/trustee, officer, 1.00 hrs/week | $0 | $124,913 | $0 | $124,913 |
| FINANCE DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $46,376 | $0 | $46,376 |
0 people received more than $100,000 in reportable compensation from New Horizons Affordable Housing & Development (Part VII, line 2).
5 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–1b7 · 7 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 15aNo
- 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 50
Correct a figure or respond
Every number above is copied from New Horizons Affordable Housing & Development'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 Horizons Affordable Housing & Development, you can publish a response that is linked from this page.
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Of every $100 New Horizons Affordable Housing & Development spent in FY2025, $57.21 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hollywood Community Housing CorporationLos Angeles, CA · revenue $13M · programs 95.6% · 2024
- United Residents in Academy Homes IIRoxbury, MA · revenue $13M · programs 87.8% · 2025
- Habitat for Humanity of TnMurfreesboro, TN · revenue $13M · programs 99.2% · FY2025
- Lecom at Presque IsleErie, PA · revenue $13M · programs 88.2% · FY2025
- Alliance Health of Southeastern MassachusettsSouthborough, MA · revenue $13M · programs 73.3% · 2024
All housing & shelter charities · Largest charities in California
Questions people ask
How much of New Horizons Affordable Housing & Development's spending goes to programs?
In the fiscal year ending June 30, 2025, New Horizons Affordable Housing & Development reported that 57.2% of its $5.1 million in expenses went to program services, 42.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New Horizons Affordable Housing & Development pay its top executive?
The largest total compensation New Horizons Affordable Housing & Development reported for one person in the fiscal year ending June 30, 2025 was $299,752, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Horizons Affordable Housing & Development get its money?
Of $12.9 million in revenue in the fiscal year ending June 30, 2025, 4.3% came from contributions and grants (including 4.3% from government grants) and 85.3% from program service revenue (Form 990, Part VIII).
Is New Horizons Affordable Housing & Development a registered charity?
The IRS lists EIN 85-1207604 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202630659349300138 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540219349301519 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333499349300723 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330329349300538 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211329349303101 · read the filing
All filings for EIN 85-1207604: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.