Worcester New Horizons INC

Tax-deductible

Worcester, MA501(c)(3)Since 1995HousingEIN 04-3291646Revenue $847K in FY2025

On file with the IRS191 May St, 01602-4353 · Worcester, MATax-exempt since May 2001Publicly supported charity — 170(b)(1)(A)(vi)

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To acquire, construct, rehabilitate and operate 34 units of affordable residential housing for handicapped persons in Worcester, ma.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $35K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
156% of total assets
Concern: liabilities are 156% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$847K
+3% vs prior year
Spent
$849K
To programs
94%
Net assets
−$559K
By yearFY2020–FY2025
Revenue
$847K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$737K
FY2021$732K
FY2022$778K
FY2023$779K
FY2024$820K
FY2025$847K
Expenses
$849K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$684K
FY2021$679K
FY2022$746K
FY2023$749K
FY2024$779K
FY2025$849K
Net assets
−$559K
FY2025-0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$713K
FY2021−$660K
FY2022−$627K
FY2023−$597K
FY2024−$557K
FY2025−$559K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $799K Management & general 6% · $50K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Treasurer
$0Pt VII · Sec A
Clerk/Resident Agent
$0Pt VII · Sec A
See Worcester New Horizons INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and operates affordable housing for disabled individuals in Worcester, MA.

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Provided by the organization

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1 program · $799K · in their own filed words · FY2024
01

To acquire, construct, rehabilitate and operate 34 units of affordable residential housing for handicapped persons in worcester, ma.

$799Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$847K
Ln 12
Gifts and grantsLn 1h$700K
Fees for servicesLn 2g$143K
Other incomeLn 4–11$4K
Money outPt IX
$849K
Ln 25
Programscol B$799K
Managementcol C$50K
Owns and owesPt X
−$559K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$700K
Government grantsLn 1e$700K
Fees for servicesLn 2g$143K
Investment incomeLn 3$235
Other incomeLn 4–11$4K
Total revenueLn 12$847K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
Land, buildings, equipmentLn 10c$572K
Other assetsLn 15$394K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.6M
Net assetsLn 32−$559K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$84K$32K
Land, buildings, equipmentLn 10c$646K$572K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$1.7M$1.6M
Net assetsLn 32−$557K−$559K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$43K$7K$36K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$180K$180K
Office expensesLn 13$27K$27K
OccupancyLn 16$431K$431K
Conferences, conventions and meetingsLn 19$677$677
Depreciation, depletion and amortizationLn 22$119K$119K
Other expenses (24a–d)Ln 24$26K$26K
Total functional expensesLn 25$849K$799K$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $847K$849K−$2K−$559K 990 PDF
FY2024 $820K$779K$40K−$557K 990 PDF
FY2023 $779K$749K$30K−$597K 990 PDF
FY2022 $778K$746K$32K−$627K 990 PDF
FY2021 $732K$679K$53K−$660K 990 PDF
FY2020 $737K$684K$53K−$713K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $846,966 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $684,488$699,685
I-9 Program service revenuePrior year $131,275$143,485
I-10 Investment incomePrior year $216$235
I-11 Other revenuePrior year $3,798$3,561
I-12 Total revenuePrior year $819,777$846,966
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $779,441$848,884
I-18 Total expensesPrior year $779,441$848,884
I-19 Revenue less expensesPrior year $40,336−$1,918
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $846,966 across 6 lines filed
Lines not itemized here account for $448 of total revenue; see the IRS return.
VIII-1e Government grants$699,685
VIII-1h Total contributions, gifts and grants$699,685
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $143,485$143,485
VIII-3 Investment incomeExcluded from tax $235$235
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,113$3,113
VIII-12 Total revenueRelated to mission $147,046 · Unrelated business $0 · Excluded from tax $235$846,966
Part IX · Statement of functional expenses $848,884 across 9 lines filed
IX-11a Management feesPrograms $7,000 · Management $35,967$42,967
IX-11b Legal feesPrograms $8,133$8,133
IX-11c Accounting feesManagement $13,598$13,598
IX-11g Other fees for servicesPrograms $179,722$179,722
IX-13 Office expensesPrograms $27,459$27,459
IX-16 OccupancyPrograms $430,951$430,951
IX-19 Conferences, conventions and meetingsPrograms $677$677
IX-22 Depreciation, depletion and amortizationPrograms $119,192$119,192
IX-24 Other expenses (24a–d)Programs $26,185$26,185
IX-25 Total functional expensesPrograms $799,319 · Management $49,565 · Fundraising $0$848,884
Part X · Balance sheet $1,003,963 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $84,083$31,548
X-4 Accounts receivableStart of year $7,218$2,353
X-9 Prepaid expenses and deferred chargesStart of year $2,250$3,224
X-10c Land, buildings and equipment, netStart of year $645,661$572,369
X-15 Other assetsStart of year $358,468$394,469
X-16 Total assetsStart of year $1,097,680$1,003,963
X-17 Accounts payable and accrued expensesStart of year $83,819$40,962
X-25 Other liabilitiesStart of year $0$13,631
X-26 Total liabilitiesStart of year $1,654,548$1,562,749
X-27 Net assets without donor restrictionsStart of year −$556,868−$558,786
X-32 Total net assets or fund balancesStart of year −$556,868−$558,786
X-33 Total liabilities and net assetsStart of year $1,097,680$1,003,963
Part XI · Reconciliation of net assets −$558,786 net assets at year end
XI-1 Total revenue$846,966
XI-2 Total expenses$848,884
XI-3 Revenue less expenses−$1,918
XI-4 Net assets at start of year−$556,868
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$558,786

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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