New Horizons Living Center Inc
New Horizons Living Center Inc. faces significant financial challenges with consistent operational deficits and growing liabilities.
EIN: 208991798 · Bristol, CT · NTEE: F22 · Updated: 2026-03-28
Is New Horizons Living Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Horizons Living Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Horizons Living Center Inc
New Horizons Living Center Inc (EIN: 208991798) is a nonprofit organization based in Bristol, CT, classified under NTEE code F22. The organization reported total revenue of $670K and total assets of $962K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Horizons Living Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Horizons Living Center Inc is a small nonprofit that has been operating for 16 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $488K |
| Total Expenses | $494K |
| Surplus / Deficit | $-5,359 |
| Total Assets | $945K |
| Total Liabilities | $989K |
| Net Assets | $-43,842 |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 104.6% |
| Months of Reserves | 23.0 months |
Financial Health Grade: C
In 2023, New Horizons Living Center Inc reported a deficit of $5K with expenses exceeding revenue, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 104.6% (high leverage).
Financial Trends
Over 11 years of filings (2012–2023), New Horizons Living Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.3% | +16.2% | -3.7% |
| 2022 | +39.4% | +84.9% | +642.9% |
| 2021 | +8.5% | +40.2% | -20.0% |
| 2020 | +14.5% | -22.4% | +3.8% |
| 2019 | -8.6% | +4.9% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Horizons Living Center Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Horizons Living Center Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.6%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led leadership or that key officers are not compensated, which is a positive sign for resource allocation to mission-related activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Horizons Living Center Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., 2023, 2022).
- Significant increase in liabilities from $106,130 in 2021 to $988,672 in 2023.
- Negative net asset position in 2023, where liabilities ($988,672) exceed assets ($944,830).
- Lack of detailed expense breakdown in provided data, hindering full assessment of spending efficiency.
Strengths
The following positive indicators were identified for New Horizons Living Center Inc:
- Zero officer compensation reported across all filings, indicating a commitment to directing funds to mission.
- Long operational history with 11 filings, suggesting resilience and dedication to its mission.
- Significant increase in revenue from $204,526 in 2021 to $488,428 in 2023, despite being outpaced by expenses.
Frequently Asked Questions about New Horizons Living Center Inc
Is New Horizons Living Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Horizons Living Center Inc (EIN: 208991798) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does New Horizons Living Center Inc spend its money?
New Horizons Living Center Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Horizons Living Center Inc tax-deductible?
New Horizons Living Center Inc is registered as a tax-exempt nonprofit (EIN: 208991798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New Horizons Living Center Inc. plan to address its consistent operational deficits?
The organization has reported expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2021, 2019, 2018, 2015), leading to a negative net asset position in 2023. A clear strategy for revenue generation or expense reduction is needed.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses, making it difficult to fully assess spending efficiency beyond the overall operational deficit. Further detail from the full 990 forms would be necessary.
What is the cause of the significant increase in liabilities from $106,130 in 2021 to $988,672 in 2023?
The dramatic increase in liabilities over a short period is a major concern and requires further investigation into the nature of these liabilities (e.g., debt, deferred revenue, program obligations).
Given the negative net assets in 2023 (Assets $944,830 vs. Liabilities $988,672), what is the organization's plan for long-term financial sustainability?
Operating with negative net assets indicates that liabilities exceed assets, which is an unsustainable financial position. The organization needs a robust plan to improve its balance sheet.
Filing History
IRS 990 filing history for New Horizons Living Center Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), New Horizons Living Center Inc's revenue has grown by 172.8%, moving from $179K to $488K. Total assets increased by 431.3% over the same period, from $178K to $945K. Total functional expenses rose by 377.2%, from $103K to $494K. In its most recent filing year (2023), New Horizons Living Center Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $989K in liabilities against $945K in assets (debt-to-asset ratio: 104.6%), resulting in net assets of $-43,842.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $488K | $494K | $945K | $989K | — | — |
| 2022 | $285K | $425K | $981K | $1.0M | — | View 990 |
| 2021 | $205K | $230K | $132K | $106K | — | View 990 |
| 2020 | $189K | $164K | $165K | $114K | — | View 990 |
| 2019 | $165K | $211K | $159K | $132K | — | View 990 |
| 2018 | $180K | $201K | $162K | $89K | — | View 990 |
| 2017 | $231K | $198K | $175K | $81K | — | — |
| 2015 | $36K | $53K | $166K | $75K | — | View 990 |
| 2014 | $63K | $57K | $183K | $75K | — | View 990 |
| 2013 | $96K | $84K | $185K | $84K | — | View 990 |
| 2012 | $179K | $103K | $178K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $488K, expenses of $494K, and assets of $945K (revenue +71.3% year-over-year).
- 2022: Revenue of $285K, expenses of $425K, and assets of $981K (revenue +39.4% year-over-year).
- 2021: Revenue of $205K, expenses of $230K, and assets of $132K (revenue +8.5% year-over-year).
- 2020: Revenue of $189K, expenses of $164K, and assets of $165K (revenue +14.5% year-over-year).
- 2019: Revenue of $165K, expenses of $211K, and assets of $159K (revenue -8.6% year-over-year).
- 2018: Revenue of $180K, expenses of $201K, and assets of $162K (revenue -22.0% year-over-year).
- 2017: Revenue of $231K, expenses of $198K, and assets of $175K (revenue +538.3% year-over-year).
- 2015: Revenue of $36K, expenses of $53K, and assets of $166K (revenue -42.7% year-over-year).
- 2014: Revenue of $63K, expenses of $57K, and assets of $183K (revenue -34.5% year-over-year).
- 2013: Revenue of $96K, expenses of $84K, and assets of $185K (revenue -46.1% year-over-year).
- 2012: Revenue of $179K, expenses of $103K, and assets of $178K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Horizons Living Center Inc:
Data Sources and Methodology
This transparency report for New Horizons Living Center Inc 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.