New Horizons Resources Inc
- Assets
- $25.6m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 590
- Location
- Pleasant Valley, NY
- Founding
- 05/1974
- Data as of
- 12/2021
- EIN
- 52-4862107
Organization Overview
New Horizons Resources Inc is located in Pleasant Valley, NY. The organization was established in 1974. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, New Horizons Resources Inc employed 590 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Resources 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 12/2021, New Horizons Resources Inc generated $30.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $29.0m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEW HORIZONS RESOURCES IS TO ENABLE PEOPLE WITH DEVELOPMENTAL DISABILITIES TO ACHIEVE FULFILLING LIVES WITHIN THEIR COMMUNITIES BY ESTABLISHING A HOME, BELONGING, SELF-DETERMINATION, AND RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMEDIATE CARE FACILITY - PROVIDES RESIDENTIAL CARE AND SUPERVISION TO DEVELOPMENTALLY DISABLED ADULTS. NUMBER SERVED: 12
INDIVIDUAL RESIDENTIAL ALTERNATIVES - PROVIDE RESIDENTIAL CARE AND SUPERVISION TO DEVELOPMENTALLY DISABLED ADULTS IN A COMMUNITY SETTING. NUMBER SERVED: 184
DAY HABILITATION - NUMBER SERVED- 74
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Laganaro Executive Director | Officer | 40 | $144,373 |
Nancy A Slauson CFO | Officer | 40 | $123,649 |
Sandra Swan Assistant Executive Direct | Officer | 40 | $112,504 |
Diane Capizzuto Chief Hr Officer | 40 | $103,496 | |
Helena Lee Vice President | Officer | 0.24 | $0 |
Daniel Hickey Board President | Officer | 0.82 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transitional Builders Inc Contractor | 12/30/21 | $597,234 |
Robert F Brill Contractor | 12/30/21 | $153,297 |
Friedlander Group Inc Contractor | 12/30/21 | $145,351 |
Bsg Integrative Psychology Pc Psychology Services | 12/30/21 | $227,700 |
Mauri Architects Pc Architect | 12/30/21 | $142,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,652 |
| Related organizations | $0 |
| Government grants | $157,713 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,759 |
| Noncash contributions included in lines 1a–1f | $27,762 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,124 |
| Total Program Service Revenue | $29,789,397 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $800 |
| Net Income from Fundraising Events | -$8,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,534,005 |
| 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. | $444,850 |
| Compensation of current officers, directors, key employees. | $444,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,561,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,260,875 |
| Payroll taxes | $1,259,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $269,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,508,811 |
| Travel | $302,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $291,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,102,379 |
| Insurance | $281,706 |
| All other expenses | $825,785 |
| Total functional expenses | $28,976,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,281,961 |
| Savings and temporary cash investments | $339,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,346,683 |
| 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 | $204,034 |
| Net Land, buildings, and equipment | $14,188,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,189,991 |
| Total assets | $25,550,652 |
| Accounts payable and accrued expenses | $2,176,983 |
| Grants payable | $0 |
| Deferred revenue | $88,463 |
| Tax-exempt bond liabilities | $357,883 |
| Escrow or custodial account liability | $282,784 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,341,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $481,028 |
| Total liabilities | $8,729,118 |
| Net assets without donor restrictions | $16,686,870 |
| Net assets with donor restrictions | $134,664 |
| 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 | $25,550,652 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Horizons Resources Inc has recieved totaling $10,248.
| Awarding Organization | Amount |
|---|---|
Evelyn M@davies Charitable Trust Poughkeepsie, NY PURPOSE: COMMUNITY IMPROVEMENT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $248 |
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