Human Services
(P99Z)
IRS Verified
DX Registered
990 on File
NEW HORIZONS GROUP HOMES INCORPORATED
Financial strength (30%)
88/100
Reliability (20%)
55/100
Effectiveness (25%)
65/100
Impact (25%)
45/100
CharityAI™ Score
Not yet evaluated
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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