PLATINUM2023

NEW HORIZONS RESOURCES INC

Enabling people with developmental disabilities to live fulfilling lives in their local community

Pleasant Valley, NY   |  https://www.nhrny.org

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GuideStar Charity Check

NEW HORIZONS RESOURCES INC

EIN: 52-4862107


Mission

New Horizons Resources, Inc. enables people with developmental disabilities to achieve fulfilling lives within their local communities by establishing a home, belonging, self-determination, learning, productivity and individual respect.

Ruling year info

1974

Executive Director

Mr. Samuel T Laganaro

Main address

123 West Road

Pleasant Valley, NY 12569 USA

Show more contact info

EIN

52-4862107

Subject area info

Supportive housing

Developmental disability services

Population served info

People with psychosocial disabilities

People with intellectual disabilities

NTEE code info

Residential, Custodial Care (Group Home) (P70)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

NHR partners with people with intellectual disabilities, families, community members, and stakeholders to assist with a quality of life at home and in the community for individuals supported by NHR.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Residential Services

In 1981, New Horizons opened its first residences in a rural community in eastern Dutchess County, New York. Today, the agency has 31 group homes and 13 supportive apartments in Dutchess and Ulster counties that are home to people who range in age from their early 20's to their mid-80's and we have plans to continue our growth. Our supports range from 1-person apartments, homes in the community, and medically based homes.

Population(s) Served
People with intellectual disabilities

NHR provides two day hab programs with walls in the community, one in Dutchess County and one in Ulster County. The agency also has a Day Hab without Walls serving both counties. The services are designed to enhance daily living, personal health and safety, communication, socialization, and community building.

Population(s) Served
People with intellectual disabilities

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of clients in residential care

This metric is no longer tracked.
Totals By Year
Related Program

Residential Services

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of new clients within the past 12 months

This metric is no longer tracked.
Totals By Year
Related Program

Residential Services

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To assist people with intellectual disabilities in the Hudson Valley to have a life of their choosing with community participation and a home to enjoy.

NHR partners with people with intellectual disabilities, families, community, and stakeholders to challenge the service system for enhancements and quality for individuals receiving supports with NHR.

New Horizons has continued to grow its capabilities to achieve our objectives.

We develop an annual plan for each person we serve that includes input from the staff, the individual receiving supports, their family members and advocates.

We offer a variety of housing options so we can provide the best supportive environment for each individual at each stage of their lives. A person might live in a congregate setting with 24-hour supports when they first come to New Horizons. As they mature and evolve, they may be able to live in an apartment, alone or with a roommate, where they receive supports for several hours a day. If their need for supports change, they can return to a congregate setting. As a person ages, we have houses that provide specialized medical care to ensure continuation of services throughout their life.

We provide educational opportunities to our staff through relationships we have built with Dutchess Community College and Ulster Community College. We fund a 30-credit, direct support professionals at both colleges. We also offer a scholarship incentive program to attend local colleges in the area.

We have invited four family members to serve on our Board of Directors and provide oversight. An individual receiving supports has also been appointed to the Board of Directors.

People with Intellectual and Developmental Disabilities (IDD) have their own hopes and dreams for their lives. Through the work of the Direct Support Professionals, the Clinical Department, the Administrative staff, the Families, the Community and the Board of Directors of New Horizons Resources, Inc. (NHR), we strive every day to enable people with IDD to achieve fulfilling lives in their local communities by engendering a sense of home, belonging, self-determination, learning, productivity and individual respect.
NHR strives to provide continuity of services for each phase of a person’s life. We offer a variety of living arrangements and day services so we can provide the best options for each person at every stage of their life. NHR has a strong commitment to a continuum of services and supports over the course of a life.

Financials

NEW HORIZONS RESOURCES INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.20

Average of 0.77 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.6

Average of 1.8 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

22%

Average of 32% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

NEW HORIZONS RESOURCES INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

NEW HORIZONS RESOURCES INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

NEW HORIZONS RESOURCES INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of NEW HORIZONS RESOURCES INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $1,237,977 $1,733,090 $4,844,933 $2,602,391 $2,115,129
As % of expenses 4.9% 6.4% 17.7% 9.3% 6.0%
Unrestricted surplus (deficit) after depreciation $137,445 $709,631 $3,811,654 $1,500,012 $948,127
As % of expenses 0.5% 2.5% 13.4% 5.2% 2.6%
Revenue composition info
Total revenue (unrestricted & restricted) $26,767,099 $29,092,400 $32,387,297 $30,534,005 $37,998,531
Total revenue, % change over prior year 12.1% 8.7% 11.3% -5.7% 24.4%
Program services revenue 98.5% 98.1% 96.7% 97.6% 81.9%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.1% 0.0% 0.0% 0.0% 0.1%
Government grants 0.0% 0.0% 1.3% 0.5% 0.0%
All other grants and contributions 0.9% 1.5% 0.8% 0.5% 17.4%
Other revenue 0.5% 0.5% 1.1% 1.4% 0.6%
Expense composition info
Total expenses before depreciation $25,415,261 $27,047,423 $27,432,243 $27,873,695 $35,380,291
Total expenses, % change over prior year 8.3% 6.4% 1.4% 1.6% 26.9%
Personnel 82.0% 80.4% 80.5% 80.8% 82.9%
Professional fees 1.9% 0.0% 0.0% 0.0% 0.0%
Occupancy 5.9% 5.3% 4.8% 5.4% 5.0%
Interest 0.0% 1.3% 1.1% 1.0% 0.9%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 10.2% 13.0% 13.6% 12.7% 11.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $26,515,793 $28,070,882 $28,465,522 $28,976,074 $36,547,293
One month of savings $2,117,938 $2,253,952 $2,286,020 $2,322,808 $2,948,358
Debt principal payment $443,930 $214,816 $0 $0 $202,890
Fixed asset additions $0 $1,162,420 $0 $1,712,258 $2,033,242
Total full costs (estimated) $29,077,661 $31,702,070 $30,751,542 $33,011,140 $41,731,783

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.7 0.7 2.6 3.3 2.6
Months of cash and investments 0.7 0.7 2.6 3.3 2.6
Months of estimated liquid unrestricted net assets 1.4 1.5 3.2 3.5 2.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,527,047 $1,568,908 $6,042,783 $7,621,562 $7,638,400
Investments $0 $0 $0 $0 $0
Receivables $3,251,500 $3,109,494 $2,740,447 $2,346,683 $3,538,566
Gross land, buildings, equipment (LBE) $28,009,717 $29,036,879 $29,924,326 $31,569,859 $33,055,866
Accumulated depreciation (as a % of LBE) 51.8% 53.0% 54.6% 55.1% 54.5%
Liabilities (as a % of assets) 42.2% 39.2% 34.8% 34.2% 34.4%
Unrestricted net assets $10,665,573 $11,375,204 $15,186,858 $16,686,870 $17,634,997
Temporarily restricted net assets $183,113 N/A N/A N/A N/A
Permanently restricted net assets $50,000 N/A N/A N/A N/A
Total restricted net assets $233,113 $104,557 $116,141 $134,664 $136,588
Total net assets $10,898,686 $11,479,761 $15,302,999 $16,821,534 $17,771,585

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No Yes No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Mr. Samuel T Laganaro

Number of employees

Source: IRS Form 990

NEW HORIZONS RESOURCES INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

NEW HORIZONS RESOURCES INC

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

NEW HORIZONS RESOURCES INC

Board of directors
as of 10/27/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Daniel Hickey

Kimberly Bottini

Peter Leonard

Daniel Hickey

Hickey Finn & Co.

Theresa Burdick

Alison Heady

Poughkeepsie High School

Helena Lee

Ed McCormick

McCormick Management Consulting

Madelaine Watterson

Justin Varuzzo

Phillip Seligman

Matt Slifstein

Central Hudson

Paige Decker

Merrill Lynch

Donna Seelbach

Red Hook Central Schools

Rita McPeck

KeyBank

Sandra Ludlum

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 10/27/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.