New Horizons INC FY2024 filing

Tax-deductible

Farmington, CT501(c)(3)Since 1967Human ServicesEIN 06-6040513Revenue $20.7M in FY2024

On file with the IRS37 Bliss Memorial Drive, 06085-0000 · Farmington, CTTax-exempt since Mar 1957Publicly supported — 509(a)(2)

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New Horizons, INC. Provides affordable housing, accessible transportation, other support services, short-term and outpatient medical rehabilitation, and long-term skilled nursing in supportive communities of care that enable seniors, adults with disabilities, and individuals facing challenges to achieve their wellness goals and live life as independently and joyfully as possible.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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 $2.1M a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $64K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.0M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20.7M
-6% vs prior year
Spent
$20.3M
To programs
91%
Net assets
$23.4M
By yearFY2020–FY2025
Revenue
$20.7M
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.5M
FY2021$23.1M
FY2022$23.4M
FY2023$22.1M
FY2024$20.7M
FY2025$24.6M
Expenses
$20.3M
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$18.9M
FY2021$18.2M
FY2022$19.0M
FY2023$23.1M
FY2024$20.3M
FY2025$21.3M
Net assets
$23.4M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.5M
FY2021$16.6M
FY2022$21.0M
FY2023$22.8M
FY2024$23.4M
FY2025$26.9M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1957.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $18.5M Management & general 9% · $1.7M Fundraising 0% · $4K

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

21 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Executive Officer
$260,892Pt VII · Sec A
Cherry Brook Administrator
$153,938Pt VII · Sec A
Licensed Practical Nurse
$130,905Pt VII · Sec A
Chief Financial Officer
$126,000Pt VII · Sec A
Registered Nurse
$124,749Pt VII · Sec A
Director of Nursing
$121,840Pt VII · Sec A
Licensed Practical Nurse
$105,464Pt VII · Sec A
Therapy Program Director
$104,146Pt VII · Sec A

Carol a Fitzgerald’s $301K as Chief Executive Officer is at the 76th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carol a Fitzgerald$300,758$260,892$225,849$226,902$195,843$179,982
John Zazzaro—$153,938$148,733———
Darlene Gerace$127,045$124,749$150,432$137,188——
Donald Davanzo———$115,554$136,163—
Michael Avallone$129,836$130,905$128,039$121,531$114,538—
Chris Murray———$129,174$129,630$121,179
Nicole Downes$128,964—————
Maureen Cardone$21,119$126,000$17,077———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Offers housing and healthcare for people with physical disabilities.

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Provided by the organization

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3 programs · $18.5M · in their own filed words · FY2023
01

Cherry brook health care center's programs serve our community by providing exceptional rehabilitative, short-term, long term, hospice or respite care. The center houses 100 individuals for inpatient care and also offers outpatient therapy services.

$11.1Mprogram expense
02

New horizons village provides housing and support services for people with physical disabilities who want to live in a community that maximizes opportunities for independent, self-directed living.

$7.0Mprogram expense
03

Sunshine wheels provides accessible transportation to individuals with mobility issues.

$399Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 6 grants · $10.9M · 2019–2024
Unitemized GrantFY2024$1,851,197
Unitemized GrantFY2023$1,891,101
Unitemized GrantFY2022$1,849,720
Unitemized GrantFY2021$1,771,750
Unitemized GrantFY2020$1,756,342
Unitemized GrantFY2019$1,750,058

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$20.7M
Ln 12
Fees for servicesLn 2g$19.4M
Other incomeLn 4–11$444K
Investment incomeLn 3$414K
Money outPt IX
$20.3M
Ln 25
Programscol B$18.5M
Managementcol C$1.7M
Fundraisingcol D$4K
Owns and owesPt X
$23.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$29.4M
LiabilitiesLn 26$6.0M
PeoplePt VI, VII
21
listed · VII A
PaidVII A8
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$379K
Government grantsLn 1e$266K
Fundraising eventsLn 1c$63K
Fees for servicesLn 2g$19.4M
Investment incomeLn 3$414K
Other incomeLn 4–11$444K
Gains on assetsLn 7$243K
Total revenueLn 12$20.7M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$3.4M
Land, buildings, equipmentLn 10c$20.4M
Total assetsLn 16$29.4M
LiabilitiesLn 26$6.0M
Net assetsLn 32$23.4M
OperationsPt I, VI
EmployeesI 5237
VolunteersI 615
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.8M$3.6M
InvestmentsLn 11–13$2.9M$3.4M
Land, buildings, equipmentLn 10c$21.4M$20.4M
Total assetsLn 16$30.6M$29.4M
LiabilitiesLn 26$7.7M$6.0M
Net assetsLn 32$22.8M$23.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.9M$1.9M
Pay of current officers, directors and key staffLn 5$594K$524K$70K
Other salaries and wagesLn 7$8.9M$7.9M$1.0M
Pension plan contributionsLn 8$107K$89K$18K
Other employee benefitsLn 9$658K$546K$112K
Payroll taxesLn 10$738K$655K$84K
Management feesLn 11a$271K$271K
Legal feesLn 11b$38K$34K$3K
Accounting feesLn 11c$89K$82K$6K
Investment management feesLn 11f$24K$24K
Other fees for servicesLn 11g$1.5M$1.5M
Office expensesLn 13$738K$647K$91K
OccupancyLn 16$698K$645K$53K
TravelLn 17$253K$253K
InterestLn 20$193K$191K$2K
Depreciation, depletion and amortizationLn 22$1.2M$1.2M$56K
InsuranceLn 23$624K$510K$114K
Other expenses (24a–d)Ln 24$1.6M$1.6M$49K
All other expensesLn 24e$128K$87K$37K$4K
Total functional expensesLn 25$20.3M$18.5M$1.7M$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $24.6M$21.3M$3.3M$26.9M 990 PDF
FY2024 Viewing $20.7M$20.3M$406K$23.4M 990 PDF
FY2023 $22.1M$23.1M−$995K$22.8M 990 PDF
FY2022 $23.4M$19.0M$4.4M$21.0M 990 PDF
FY2021 $23.1M$18.2M$4.8M$16.6M 990 PDF
FY2020 $19.5M$18.9M$639K$10.5M 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 FY2024 990 (6 parts)
Part I · Summary $20,677,915 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,992,918$379,076
I-9 Program service revenuePrior year $18,883,216$19,440,609
I-10 Investment incomePrior year $163,069$413,905
I-11 Other revenuePrior year $55,837$444,325
I-12 Total revenuePrior year $22,095,040$20,677,915
I-13 Grants and similar amounts paidPrior year $1,849,720$1,891,101
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,196,277$10,991,011
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,044,430$7,390,232
I-18 Total expensesPrior year $23,090,427$20,272,344
I-19 Revenue less expensesPrior year −$995,387$405,571
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $20,677,915 across 10 lines filed
Lines not itemized here account for $789 of total revenue; see the IRS return.
VIII-1c Fundraising events$63,018
VIII-1e Government grants$266,037
VIII-1f All other contributions, gifts and grants$50,021
VIII-1h Total contributions, gifts and grants$379,076
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,440,609$19,440,609
VIII-3 Investment incomeExcluded from tax $170,648$170,648
VIII-7 Net gain or loss on sales of assetsExcluded from tax $243,257$243,257
VIII-8 Net income from fundraising eventsExcluded from tax −$1,885−$1,885
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $445,421$445,421
VIII-12 Total revenueRelated to mission $19,886,819 · Unrelated business $0 · Excluded from tax $412,020$20,677,915
Part IX · Statement of functional expenses $20,272,344 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $1,891,101$1,891,101
IX-5 Pay of current officers, directors and key staffPrograms $523,965 · Management $69,948$593,913
IX-7 Other salaries and wagesPrograms $7,886,592 · Management $1,007,241$8,893,833
IX-8 Pension plan contributionsPrograms $88,852 · Management $18,278$107,130
IX-9 Other employee benefitsPrograms $545,572 · Management $112,230$657,802
IX-10 Payroll taxesPrograms $654,716 · Management $83,617$738,333
IX-11a Management feesPrograms $271,112$271,112
IX-11b Legal feesPrograms $34,218 · Management $3,487$37,705
IX-11c Accounting feesPrograms $82,427 · Management $6,284$88,711
IX-11f Investment management feesManagement $23,654$23,654
IX-11g Other fees for servicesPrograms $1,499,085$1,499,085
IX-13 Office expensesPrograms $646,992 · Management $91,256$738,248
IX-16 OccupancyPrograms $645,077 · Management $53,152$698,229
IX-17 TravelPrograms $252,887$252,887
IX-20 InterestPrograms $190,867 · Management $1,668$192,535
IX-22 Depreciation, depletion and amortizationPrograms $1,158,182 · Management $55,543$1,213,725
IX-23 InsurancePrograms $510,251 · Management $113,910$624,161
IX-24 Other expenses (24a–d)Programs $1,572,972 · Management $49,176$1,622,148
IX-24e All other expensesPrograms $86,946 · Management $37,297 · Fundraising $3,789$128,032
IX-25 Total functional expensesPrograms $18,541,814 · Management $1,726,741 · Fundraising $3,789$20,272,344
Part X · Balance sheet $29,367,172 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,777,099$1,648,527
X-2 Savings and temporary cash investmentsStart of year $2,016,457$1,916,338
X-4 Accounts receivableStart of year $1,569,226$1,792,312
X-8 Inventories for sale or useStart of year $19,839$19,839
X-9 Prepaid expenses and deferred chargesStart of year $249,158$69,827
X-10c Land, buildings and equipment, netStart of year $21,403,871$20,428,596
X-11 Publicly traded securitiesStart of year $2,871,043$3,430,933
X-14 Intangible assetsStart of year $60,800$60,800
X-16 Total assetsStart of year $30,557,358$29,367,172
X-17 Accounts payable and accrued expensesStart of year $2,357,206$1,370,902
X-19 Deferred revenue$32,428
X-26 Total liabilitiesStart of year $7,730,973$5,992,359
X-27 Net assets without donor restrictionsStart of year $22,822,996$23,349,319
X-28 Net assets with donor restrictionsStart of year $3,389$25,494
X-32 Total net assets or fund balancesStart of year $22,826,385$23,374,813
X-33 Total liabilities and net assetsStart of year $30,557,358$29,367,172
Part XI · Reconciliation of net assets $23,374,813 net assets at year end
XI-1 Total revenue$20,677,915
XI-2 Total expenses$20,272,344
XI-3 Revenue less expenses$405,571
XI-4 Net assets at start of year$22,826,385
XI-5 Net unrealized gains (losses) on investments$142,857
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,374,813

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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