New Foundations Inc
Nonprofit profile at a glance
- EIN
- 411798573
- IRS 990 coverage
- 2010–2010
- Forms available
- Form 990 2010
- Location
- St Paul, MN, USA
- Phone
- 6512278976
- Rating confidence
- Limited
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $99,520
- Expenses
- $234,093
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
13 people listed
Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to work in partnership with residents and with the community to provide permanent supportive housing for homeless families in recovery from addiction and mental illness. Together we create a housing community where adults achieve education and employment goals, strengthen families, build relationships, and contribute to the community. Children reunite with parents, and each child gets support and nurturing to enhance emotional and physical health, succeed in school, develop friendships, connect with community, and believe in the future. New foundations is committed to provide supportive housing that:- models and nurtures a vibrant, healthy community.- recognizes and reinforces family strengths, diversity, cultural values and traditions.- establishes supportive, trusting relationships among residents and between residents and staff that are fundamental to families success.
What it reported doing in 2010
New foundations' program services in 2011 are for the crestview community project. Located on the east side of st. Paul, crestview apartments provides 44 units of supportive housing for homeless individuals in recovery and their families. Crestview is owned by crestview community limited partnership (cclp), a limited partnership in which new foundations is a general partner. Together we create a housing community where adults achieve education and employment goals, strengthen families, build relationships, and contribute to the community. Children reunite with parents, and each child gets support and nurturing to enhance emotional and physical health, succeed in school, develop friendships, connect with community, and believe in the future. New foundations is committed to provide supportive housing that: - models and nurtures a vibrant, healthy community. - recognizes and reinforces family strengths, diversity, cultural values and traditions. - establishes supportive, trusting relationships among residents and between residents and staff that are fundamental to families' success.overall goals: - adults in recovery and their children will have stable, affordable housing at crestview. - adults will improve their individual and family economic stability. - families will maintain physical, emotional and chemical health. - children will be reunited with their parent(s) in a positive family, school, and community environment. - formerly homeless school-age children will complete an entire academic year at the same school, thereby increasing stability, developing friendships with peers, building academic and social skills, and enhancing resiliency; and children with a history of truancy will improve attendance. -children who test below grade level in math and reading will improve and work towards reaching grade level through participation in crestview's tutoring program.
Operating model
- Revenue model
- Donor-supported. 62% 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 7
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 9th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -135.2%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 72%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $159K in reported program spending
- Leadership: top reported pay $88K · 13 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 1 filing year from 2010
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 5/100.