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Nonprofiteer
← NEW HORIZONS PROPERTIES II INC

Form 990 for tax year 2024

Filed by NEW HORIZONS PROPERTIES II INC.

Totals

Total revenue
$220,491
Total expenses
$318,770
Contributions and grants received
$133,132
Grants paid
$0
Program service revenue
$87,130
Investment income
$185
Other revenue
$44
Total assets, end of year
$1,257,569
Total liabilities, end of year
$1,433,268
Net assets or fund balances, end of year
-$175,699
Program services expenses (Part IX)
$240,269
Management and general expenses
$78,501
Fundraising expenses
$0
Program service expenses (Part III)
$240,269

Program services were 75.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $133,132

  • 2a · Program service revenue: RESIDENTIAL CARE

    total $87,130 · related or exempt $87,130

  • 3 · Investment income

    total $185 · excluded $185

  • 11a · Other revenue: OTHER REVENUE

    total $44 · related or exempt $44

  • 11e · Other revenue, total

    $44

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $14,219 · management and general $14,219

  • 11b · Fees: legal

    total $4,303 · program services $4,303

  • 11c · Fees: accounting

    total $4,560 · management and general $4,560

  • 11g · Fees: other

    total $58,212 · management and general $58,212

  • 13 · Office expenses

    total $450 · program services $450

  • 16 · Occupancy

    total $53,834 · program services $53,834

  • 17 · Travel

    total $1,510 · management and general $1,510

  • 22 · Depreciation, depletion and amortization

    total $32,561 · program services $32,561

  • 23 · Insurance

    total $49,539 · program services $49,539

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $61,769 · program services $61,769

  • 24b · Other expenses: BAD DEBT

    total $34,134 · program services $34,134

  • 24c · Other expenses: ADMINISTRATIVE

    total $3,090 · program services $3,090

  • 24d · Other expenses: TAXES, LICENSES, & PERM

    total $589 · program services $589

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $403,508 · end of year $271,604

  • 4 · Accounts receivable

    beginning of year $11,591 · end of year $16,804

  • 10a · Land, buildings and equipment: cost or other basis

    $1,826,655

  • 10b · Land, buildings and equipment: accumulated depreciation

    $857,494

  • 10c · Land, buildings and equipment, net

    beginning of year $928,054 · end of year $969,161

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,852 · end of year $3,184

  • 23 · Secured mortgages and notes payable

    beginning of year $826,891 · end of year $813,140

  • 25 · Other liabilities

    beginning of year $583,830 · end of year $616,944

  • 27 · Net assets without donor restrictions

    beginning of year -$77,420 · end of year -$175,699

Mission and programs · 2024

Mission

PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES

  • OPERATION OF APARTMENTS FOR INDIVIDUALS WITH PSYCHIATRIC DISABILITIES WHO NEED HOUSING AND POSSIBLE VOLUNTARY PSYCHIATRIC TREATMENT AT A PROVIDER OF THEIR CHOICE

    Expenses $240,269 · Revenue $87,174

As filed on the 2024 return.

Listed in Part VII

  • Dr Margarita M Labarta

    CHAIRMAN, (THRU 2/25)

    Total calculated
    $0
    Hours/week
    0.45

  • Richard Anderson

    SECRETARY/TREAS, CHAIR (BEG 2/25)

    Total calculated
    $204,507
    From this org
    $0
    From related orgs
    $179,647
    Other
    $24,860
    Hours/week
    0.45 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,147 related
    Bonus
    $0 + $17,500 related
    Other
    $0
    Deferred
    $0 + $12,942 related
    Nontaxable benefits
    $0 + $11,918 related
    Filer's total
    $0 + $204,507 related

  • Patricia Abbitt

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Mary Alford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Donald Savoie

    DIRECTOR (THRU 9/24)

    Total calculated
    $384,194
    From this org
    $0
    From related orgs
    $344,654
    Other
    $39,540
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,654 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $23,409 related
    Nontaxable benefits
    $0 + $16,131 related
    Filer's total
    $0 + $384,194 related

  • Lauren Cohn

    DIRECTOR (BEG 2/25)

    Total calculated
    $227,764
    From this org
    $0
    From related orgs
    $221,041
    Other
    $6,723
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,271 related
    Bonus
    $0 + $17,500 related
    Other
    $0 + $2,270 related
    Deferred
    $0 + $6,038 related
    Nontaxable benefits
    $0 + $685 related
    Filer's total
    $0 + $227,764 related

  • Annmarie Attaway

    SECRETARY/TREAS (BEG 2/25)

    Total calculated
    $135,675
    From this org
    $0
    From related orgs
    $122,885
    Other
    $12,790
    Hours/week
    0.25 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART III - OTHER ADDITIONAL INFORMATION
PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: 1) COMPENSATION SURVEY OR STUDY 2) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
27 March 2026
IRS schema version
2024v5.5
Source object
202621259349303007

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