New Strides Inc
- Assets
- $793.1k
- Revenue
- $112.3k
- Investments
- $0.0
- Employees
- 0
- Location
- islip terrace, NY
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 11-3338053
Organization Overview
New Strides Inc is located in islip terrace, NY. The organization was established in 1997. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Strides Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, New Strides Inc generated $112.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $173.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW STRIDES, INC. IS AN AFFILIATE OF MERCY HAVEN, INC. MERCY HAVENS MISSION IS TO ACKNOWLEDGE THE DIGNITY AND POTENTIAL OF PEOPLE WHO ARE HOMELESS, LIVING WITH MENTAL ILLNESS OR LIVING IN POVERTY BY PROVIDING HOUSING, ADVOCACY, EDUCATION AND LIFE SKILLS DEVELOPMENT. MERCY HAVEN AND ITS AFFILIATE, NEW STRIDES, INC. HAVE GROWN THROUGHOUT THEIR 38 YEARS TO BECOME A MULTIFACETED COMMUNITY RESOURCE. WE BROUGHT SERVICES TO BOTH NASSAU AND SUFFOLK COUNTIES IN NEW YORK AND ARE DEDICATED MEMBERS OF THE COMMUNITIES WE SERVE. FROM A HUMBLE BEGINNING IN BAY SHORE IN 1985, AS A PROVIDER OF HOUSING FOR PERSONS LIVING WITH MENTAL ILLNESS, OUR HOUSING PROGRAMS NOW INCLUDE THE ELDERLY, LIMITED INCOME FAMILIES AS WELL AS PERSONS WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MENTALLY ILL AND HOMELESS PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Patricia Griffith Executive Dir. | Officer | 0 | $0 |
John Murray CFO | 0 | $0 | |
Donna Donaghy Assoc. Exe. Dir | Officer | 0 | $0 |
Pat Collins Chairperson | OfficerTrustee | 2 | $0 |
Domenico Ciaccio Vice Chair | OfficerTrustee | 2 | $0 |
Fred Brendel Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,691 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,691 |
| Total Program Service Revenue | $36,588 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,449 |
| Payroll taxes | $3,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,739 |
| Advertising and promotion | $0 |
| Office expenses | $1,077 |
| Information technology | $2,250 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,036 |
| Insurance | $12,459 |
| All other expenses | $5,257 |
| Total functional expenses | $173,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,276 |
| Savings and temporary cash investments | $152,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,564 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,176 |
| Net Land, buildings, and equipment | $523,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $680 |
| Total assets | $793,128 |
| Accounts payable and accrued expenses | $12,519 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $625,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $457,577 |
| Total liabilities | $1,095,897 |
| Net assets without donor restrictions | -$952,468 |
| Net assets with donor restrictions | $649,699 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $793,128 |