Housing & Shelter
(L20)
IRS Verified
DX Registered
990 on File
NEW DESTINY HOUSING CORPORATION
Financial strength (30%)
71/100
Reliability (20%)
55/100
Effectiveness (25%)
100/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
New Destiny’s mission is to end the cycle of violence for low-income families and individuals at risk of homelessness and domestic violence by connecting them to safe, permanent housing and services. To achieve our mission, we build and manage housing with on-site services; offer innovative programs that empower victims of abuse to find and retain affordable housing; and expand access to permanent housing resources for low-income families.
Financial Overview — FY 2024
$10.8M
Total Revenue
$10.7M
Total Expenses
$14.0M
Net Assets
182
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.5%
Fundraising Efficiency
1311.4%
Operating Reserve
15.68x
Liability-to-Asset
12.7%
Revenue Diversification
90.7%
Executive Compensation
$519K
Compared with Peers
FY 2024
Compared with 456 similar organizations
(United States, Housing & Shelter, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.5% | 87.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.6% | 10.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.8% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1311.4% | 546.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
15.7 mo | 6.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.7% | 61.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
90.7% | 91.0% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
0.1% | 9.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.1% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.5% | 0.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $10.8M | $10.7M | $14.0M | 88.5% | 182 |
| 2023 | $10.8M | $10.2M | $13.9M | 89.1% | 93 |
| 2022 | $6.4M | $6.5M | $13.3M | 85.8% | 55 |
| 2021 | $7.0M | $4.0M | N/A | — | 40 |
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