New Destiny Community Development Corporation
Nonprofit profile at a glance
- EIN
- 030518951
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Paterson, NJ, USA
- Phone
- 9739790230
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $36,993
- Expenses
- $29,292
- Assets
- $8,173
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Carolyn McCombs (President)
People named in this filing
- Daira De La Pena (Supportive Services Manager)
- Carolyn McCombs (President)
- Victoria McConnell (Advisory Board Volunteer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide family support services, financial literacy, health awareness and social services referrals and employment readiness services, life skills, case management services to residents of The Heritage at Alexander Hamilton. Extend services of the Family Success Center to residents at Housing Development sites during weekend and weeknight hours. Serve youth, seniors and families with enrichment activities, including character education, homework help and tutorial services for youth.
What it reported doing in 2024
New Destiny continued to provide Social Service Support to more than 150 families residing in the The Heritage Housing Development. Highlights of accomplishments at the Heritage included healthy living activities through nutritional awareness and plant based cooking using ethnic recipes, a community gardening activity, Neighborhood Night Out Activity, financial literacy training sessions provided by local banks, health screenings in partnership with local HMOs just to name a few.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 49
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 20.8%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 81.6%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 49th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $59K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 1/100.