New American Association of Massachusetts Inc

Nonprofit profile at a glance

EIN
043102943
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Lynn, MA, USA
Phone
7815930100
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$4,452,532
Expenses
$4,004,667
Assets
$2,134,435
Liabilities
$741,710

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • DANY CHHAN (VICE PRESIDENT)
  • HARENA GEBREYESUS (PRESIDENT)
  • NATASHA SOOLKIN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • NATASHA SOOLKIN (EXECUTIVE DIRECTOR): $101,846 total reported compensation
  • DAVID KEENE (OUTSOURCED CHIEF FINANCIAL OFFICER): $43,645 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the new american association of Massachusetts (naam) is to assist newly arriving refugees and immigrants with integration into american society, to promote economic stability, to build bridges with the larger community, and to foster the maintenance of refugees and immigrants' cultural identities.tities.

What it reported doing in 2024

Naam proudly served over 2,000 refugees and immigrants during 2025. Our core services include employment services, immigration and citizenship services, educational programs, youth programs, outreach services, and behavioral health and wellness programs amongst various other services provided. These services are fundamental to accomplishing naam's mission to support new americans in their journey towards integration and self-sufficiency through a welcoming environment where individuals and families can thrive, contribute to their communities, and fully embrace the opportunities available to them.employment services helps refugees and immigrants build the skills and confidence needed to achieve economic stability. During the year, this work included employment counseling, job readiness support, job development, vocational english instruction through our esl school, and practical job trainings such as digital literacy, culinary training, and other workforce preparation activities. Naam also continued to develop relationships with employers and connect participants to job opportunities that support long-term self-sufficiency.youth services, through after-school, summer, and enrichment programming, naam supported children and youth with educational assistance, mentorship, recreational activities, and opportunities for positive youth development. These services help young people feel safe, supported, and connected to their schools and communities, while also helping families navigate the challenges of ressetlement and adjustment.case management, through this work, naam provided individualized support to refugees and immigrants as they navigated housing, benefits, school enrollment, health care, community resources, and other essential services. Case management helps clients address immediate needs, overcome barriers, and build stability as they work toward successful integration into their new communities.

Operating model

Revenue model
Grant-funded. 91% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.8%; rating input score 76
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: $63.92 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.1%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 16% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 11.8% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 11.7% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 75.8% of revenue deployed · 84.3% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $102K · 9 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.