Charity Search / NEW HORIZONS GROUP HOMES INCORPORATED
Human Services (P99Z) IRS Verified DX Registered 990 on File

NEW HORIZONS GROUP HOMES INCORPORATED

EIN: 65-0372596 · BRANDON, FL 33510-3732 · United States · FY 2023 Data
4 out of 5 65 / 100 Based on 2+ years of filings
Financial strength (30%) 88/100
Reliability (20%) 55/100
Effectiveness (25%) 65/100
Impact (25%) 45/100
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

The mission of New Horizons is to provide a family-oriented, Christian living environment supporting adults with developmental disabilities, enabling them to achieve their highest potential for independence through faith, family, choices, dignity, and respect.

Financial Overview — FY 2023
$928K
Total Revenue
$927K
Total Expenses
$341K
Net Assets
32
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 74.2%
Fundraising Efficiency N/A
Operating Reserve 4.42x
Liability-to-Asset 57.5%
Revenue Diversification 68.6%
Executive Compensation $61K
Compared with Peers
FY 2023
Compared with 20,874 similar organizations (United States, Human Services, $100K–$1M in expenses), FY 2023.
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
74.2% 86.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
24.9% 10.4%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.9% 0.0%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
4.4 mo 8.6 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
57.5% 1.8%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
68.6% 96.8%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
14.9% 7.2%
P10P90
Expense growth
Year over year expense growth
12.1% 11.5%
P10P90
Surplus margin
Surplus as a share of revenue
0.1% 2.1%
P10P90
Impact
1 program
Outcome / Program People Served Cost / Service # Completed Duration
Residential habilitation 17 $4,000.00 Per Month
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $928K $927K $341K 74.2% 32
2022 $808K $827K $341K 67.8% 38
2021 $732K $830K N/A 29
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Organization Details
EIN
65-0372596
State
FL
City
BRANDON
ZIP
33510-3732
Classification
P99Z
Category
Human Services
Rating
4★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1992
Form 990
On File
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