New Story Inc
We pioneer solutions to end global homelessness.
New Story Inc
EIN: 47-2529408
Mission
New Story is a Y Combinator-backed nonprofit building thriving communities in the developing world. We work to create breakthrough tools, drive innovations, and identify best practices (our "Housing Innovation Toolkit") that power nonprofits, governments, and businesses that are working towards designing communities for those in need. We imagine a world where every family has the opportunity to thrive. We believe a home is the beginning of the economic uplift needed to transition out of day-to-day survival-mode living.
Ruling year
2015
Co-Founder, CEO
Brett Hagler
Main address
199 Armour Dr NE Suite A
Atlanta, GA 30324 USA
EIN
47-2529408
Housing development
Human services
Population served
Homeless people
NTEE code
Human Service Organizations (P20)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
1B+ humans live without safe shelter. We serve families who live day-to-day: by necessity, they're focused on providing the next meal, the next drink of water, and the next safe place to sleep. We imagine a world where every family has the opportunity to thrive. A home is the beginning of the economic uplift needed to transition out of survival mode.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
3D Printed Homes
In 2018, we worked with our partner ICON to build the first permitted 3D printed home in the US. The home was built in less than 48 hours, for a fraction of the cost of a typical new construction.
In 2019, we’ve been working with ICON to develop the Vulcan 2: a printer designed to build 3D printed homes for those who need them most. The Vulcan 2 will provide:
- Greater affordability per home
- Significant decrease in construction time
- Better quality and longterm security
Within the next year, we’ll break ground on the first community of 3D printed homes in history.
Where we work
External reviews
Videos
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
We pioneer solutions to end global homelessness.
What are the organization's key strategies for making this happen?
At New Story, we CREATE hardware, software, and process solutions for the social housing sector. We iterate on our products until we can PROVE their potential to drive scalable global impact. We SHARE our solutions with nonprofits and governments around the world working to bring shelter to the 1B+ people currently in need.
Through our CREATE > PROVE > SHARE model, we democratize our products within the social housing sector, and are constantly pursuing new breakthroughs.
Traditional and linear methods will never reach the !B+ people who need adequate shelter. We believe taking calculated risks on innovative ideas will allow us to reach more families exponentially faster, with the best possible solutions.
What are the organization's capabilities for doing this?
Through building homes and communities, we seek to identify the biggest pain-points within the social housing sector. Equipped with a Technology team, R&D team, and Impact Data team, we are able to quickly develop solutions and directly address these inefficiencies and market failures. After thoroughly data-proving our work, we share our tools and lessons learned with our partners and the larger sector.
The unique blend of New Story's core competencies, distinct products and processes, and committed forward-thinking donors, all enable New Story to be the trusted innovation partner and "R&D arm" for the social housing sector.
What have they accomplished so far and what's next?
So far, we've built 22 communities across 4 countries, impacting 11,000+ lives in just 5 years.
Additionally, we have developed partnerships with 25 organizations across 10 countries and 4 continents through democratizing our software tools, and look forward to continuing to expand our impact through sharing our technology.
We aim to continue to scale and build homes, while also empowering other organizations in our sector to build better homes, faster.
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2019 info
4.84
Months of cash in 2019 info
8.5
Fringe rate in 2019 info
14%
Funding sources info
Assets & liabilities info
New Story Inc
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
New Story Inc
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
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: Jan 01 - Dec 31
SOURCE: IRS Form 990
This snapshot of New Story 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 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $646,234 | $29,503 | $1,324,739 | $988,316 | $345,774 |
| As % of expenses | 69.7% | 1.0% | 40.8% | 15.4% | 4.6% |
| Unrestricted surplus (deficit) after depreciation | $646,234 | $28,552 | $1,324,237 | $986,545 | $339,767 |
| As % of expenses | 69.7% | 1.0% | 40.7% | 15.3% | 4.5% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $1,797,892 | $3,787,439 | $5,580,370 | $8,640,360 | $10,413,447 |
| Total revenue, % change over prior year | 0.0% | 110.7% | 47.3% | 54.8% | 20.5% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 1.3% | 0.5% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 100.0% | 100.0% | 100.0% | 98.7% | 99.5% |
| Other revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $926,558 | $2,903,364 | $3,250,802 | $6,434,268 | $7,555,527 |
| Total expenses, % change over prior year | 0.0% | 213.3% | 12.0% | 97.9% | 17.4% |
| Personnel | 9.2% | 11.8% | 18.3% | 18.2% | 27.8% |
| Professional fees | 2.1% | 1.1% | 3.2% | 4.9% | 5.6% |
| Occupancy | 0.6% | 1.0% | 1.3% | 1.6% | 1.4% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 79.3% | 79.7% | 62.2% | 48.7% | 34.0% |
| All other expenses | 8.8% | 6.4% | 15.0% | 26.7% | 31.3% |
| Full cost components (estimated) info | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $926,558 | $2,904,315 | $3,251,304 | $6,436,039 | $7,561,534 |
| One month of savings | $77,213 | $241,947 | $270,900 | $536,189 | $629,627 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $4,548 | $0 | $17,708 | $14,641 |
| Total full costs (estimated) | $1,003,771 | $3,150,810 | $3,522,204 | $6,989,936 | $8,205,802 |
Capital structure indicators
| Liquidity info | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Months of cash | 8.4 | 7.0 | 12.0 | 9.8 | 8.5 |
| Months of cash and investments | 8.4 | 7.0 | 12.1 | 10.2 | 8.8 |
| Months of estimated liquid unrestricted net assets | 8.4 | 1.8 | 6.5 | 5.1 | 4.9 |
| Balance sheet composition info | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Cash | $644,853 | $1,701,415 | $3,262,305 | $5,254,526 | $5,364,346 |
| Investments | $0 | $0 | $25,450 | $188,668 | $153,497 |
| Receivables | $225,100 | $30,000 | $800,000 | $1,022,500 | $4,667,675 |
| Gross land, buildings, equipment (LBE) | $0 | $4,548 | $2,509 | $20,217 | $34,858 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 20.9% | 20.0% | 11.2% | 23.8% |
| Liabilities (as a % of assets) | 0.7% | 1.2% | 1.1% | 3.6% | 10.8% |
| Unrestricted net assets | $646,234 | $441,495 | $1,765,732 | $2,752,277 | $3,092,044 |
| Temporarily restricted net assets | $225,100 | $1,276,963 | $2,283,533 | $3,500,674 | N/A |
| Permanently restricted net assets | $0 | $0 | $0 | $0 | N/A |
| Total restricted net assets | $225,100 | $1,276,963 | $2,283,533 | $3,500,674 | $6,047,156 |
| Total net assets | $871,334 | $1,718,458 | $4,049,265 | $6,252,951 | $9,139,200 |
Key data checks
| Key data checks info | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Co-Founder, CEO
Brett Hagler
Brett is a cancer survivor, author, speaker, Y Combinator alum, and 2016 Forbes 30 Under 30 Entrepreneur. New Story has been named by Fast Company as one of the “Most Innovative Companies In The World” four times. Brett is a Y-Combinator Graduate and, in 2018, was named one of the Top 100 Most Intriguing Entrepreneurs by Goldman Sachs.
Number of employees
Source: IRS Form 990
New Story Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
New Story Inc
Highest paid employeesSOURCE: IRS Form 990
Compensation data
New Story Inc
Board of directorsas of 03/07/2023
Board of directors data
Brett Hagler
CEO of New Story
C.J. Fitzgerald
Summit Partners
Steve Ayoub
Data Blue
Pete Flint
NFX
George Huber
Equity Investment Group / Dock Square Capital
Michael Arrieta
DocuSign
Brett Hagler
New Story
Vik Harrison
The Branded Startup & charity : water
Robert Hohman
Glassdoor
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
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
Gender identity
Sexual orientation
Disability
No data
Equity strategies
Last updated: 02/07/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
Contractors
Fiscal year endingGuideStar Pro Reports
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- Financial statements for 2021, 2020, 2019, 2018, 2017
- Officer and/or Employee data for 2019, 2018, 2017, 2016, 2015
- Contractor and/or Paid Preparer data for 2019, 2018, 2017
- Board of Directors data for 2023
- *with the ability to download the data for 2019, 2018, 2017, 2016, 2015
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