New Beginnings Recovery Homes Incorporated
EIN: 363816144 · Chicago, IL · NTEE: F20Z
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Net Assets | $10K |
Is New Beginnings Recovery Homes Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Beginnings Recovery Homes Incorporated
New Beginnings Recovery Homes Incorporated (EIN: 363816144) is a nonprofit organization based in Chicago, IL, classified under NTEE code F20Z. The organization reported total revenue of $1.4M and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Recovery Homes Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings Recovery Homes Incorporated is a mid-size nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-53,227 |
| Total Assets | $383K |
| Total Liabilities | $373K |
| Net Assets | $10K |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 97.3% |
| Months of Reserves | 4.3 months |
Financial Health Grade: C
In 2023, New Beginnings Recovery Homes Incorporated reported a deficit of $53K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 97.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), New Beginnings Recovery Homes Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.7% | +16.0% | +16.7% |
| 2022 | -9.2% | +45.5% | +53.3% |
| 2021 | +417.8% | +259.0% | +1979.8% |
| 2020 | +12.9% | +12.6% | +5.7% |
| 2019 | -39.3% | -43.8% | -58.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Beginnings Recovery Homes Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Beginnings Recovery Homes Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.3%.
Frequently Asked Questions about New Beginnings Recovery Homes Incorporated
Is New Beginnings Recovery Homes Incorporated a legitimate charity?
New Beginnings Recovery Homes Incorporated (EIN: 363816144) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: C.
How does New Beginnings Recovery Homes Incorporated spend its money?
New Beginnings Recovery Homes Incorporated reported $1.4M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Beginnings Recovery Homes Incorporated tax-deductible?
New Beginnings Recovery Homes Incorporated is registered as a tax-exempt nonprofit (EIN: 363816144). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Beginnings Recovery Homes Incorporated located?
New Beginnings Recovery Homes Incorporated is headquartered in Chicago, Illinois and files with the IRS under EIN 363816144. It is classified under NTEE code F20Z.
How many years of IRS 990 filings does New Beginnings Recovery Homes Incorporated have?
New Beginnings Recovery Homes Incorporated has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for New Beginnings Recovery Homes Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New Beginnings Recovery Homes Incorporated's revenue has grown by 734.8%, moving from $121K to $1.0M. Total assets increased by 339.4% over the same period, from $87K to $383K. Total functional expenses rose by 891.8%, from $107K to $1.1M. In its most recent filing year (2023), New Beginnings Recovery Homes Incorporated reported a deficit of $53K, with expenses exceeding revenue. The organization holds $373K in liabilities against $383K in assets (debt-to-asset ratio: 97.3%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $383K | $373K | — | — |
| 2022 | $783K | $915K | $329K | $318K | — | View 990 |
| 2021 | $863K | $629K | $214K | $69K | — | View 990 |
| 2020 | $167K | $175K | $10K | $50K | — | — |
| 2019 | $148K | $155K | $10K | $49K | — | — |
| 2018 | $243K | $277K | $23K | $77K | — | View 990 |
| 2017 | $251K | $396K | $27K | $82K | — | View 990 |
| 2016 | $257K | $283K | $28K | $51K | — | View 990 |
| 2015 | $253K | $276K | $26K | $50K | — | View 990 |
| 2014 | $262K | $349K | $69K | $80K | — | View 990 |
| 2013 | $293K | $337K | $204K | $322K | — | View 990 |
| 2012 | $277K | $304K | $270K | $304K | — | View 990 |
| 2011 | $127K | $149K | $153K | $184K | — | View 990 |
| 2010 | $121K | $107K | $87K | $110K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $383K (revenue +28.7% year-over-year).
- 2022: Revenue of $783K, expenses of $915K, and assets of $329K (revenue -9.2% year-over-year).
- 2021: Revenue of $863K, expenses of $629K, and assets of $214K (revenue +417.8% year-over-year).
- 2020: Revenue of $167K, expenses of $175K, and assets of $10K (revenue +12.9% year-over-year).
- 2019: Revenue of $148K, expenses of $155K, and assets of $10K (revenue -39.3% year-over-year).
- 2018: Revenue of $243K, expenses of $277K, and assets of $23K (revenue -3.2% year-over-year).
- 2017: Revenue of $251K, expenses of $396K, and assets of $27K (revenue -2.3% year-over-year).
- 2016: Revenue of $257K, expenses of $283K, and assets of $28K (revenue +1.5% year-over-year).
- 2015: Revenue of $253K, expenses of $276K, and assets of $26K (revenue -3.3% year-over-year).
- 2014: Revenue of $262K, expenses of $349K, and assets of $69K (revenue -10.5% year-over-year).
- 2013: Revenue of $293K, expenses of $337K, and assets of $204K (revenue +5.7% year-over-year).
- 2012: Revenue of $277K, expenses of $304K, and assets of $270K (revenue +118.2% year-over-year).
- 2011: Revenue of $127K, expenses of $149K, and assets of $153K (revenue +5.2% year-over-year).
- 2010: Revenue of $121K, expenses of $107K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings Recovery Homes Incorporated:
Data Sources and Methodology
This transparency report for New Beginnings Recovery Homes Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.