New Reach Inc

Nonprofit profile at a glance

EIN
223037451
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New Haven, CT, USA
Phone
2034924866
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$9,804,245
Expenses
$9,600,787
Assets
$20,108,459
Liabilities
$16,780,526

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

Leadership & pay

16 people listed

Executive titles in this filing

  • KELLYANN DAY (CEO)

Highest reported compensation

  • KELLYANN DAY (CEO): $201,272 total reported compensation
  • NICOLE BARNOFSKI (CPO): $150,000 total reported compensation
  • MEREDITH CLAY (CHIEF QUALITY AND COMPLIAN): $150,000 total reported compensation

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

Overview

Mission

New reach's mission is to inspire lasting independence for all people affected by homelessness and poverty through a continuum of housing and support using the most innovative methods. Sustaining a fidelity to this misson helps us in reaching our goal to end homelessness, which translates to making it rare, brief, and one-time.

What it reported doing in 2024

Under new reach's crisis services umbrella, the aim is to make homelessness breif. New reach's services in the following programs use an evidence-based practice to accomplish this. The emergency shelter program (esp) has the capacity to serve 23 women with children and 18 individual women every day (24/7) who have experienced homelessness by providing two safe, secure, and supportive places to stay. The residences are located in new haven, ct and serve guests from the greater new haven region. Esp guests have access to onsite case management, donated food, a kitchen, laundry appliances, a computer lab, hygiene essentials, diapers, clothing, and furniture upon exit. The agency's rapid rehousing program provides rental assistance along with the delivery of short-term case management. Services to at-risk residents who have experienced homelessness vreif, new reach's intergrated case program (icp) is a collabortive effort with yale new haven hospital that serves women who are homeless, have co-occurring disorders, and a high hospital utilization. The icp team is profitcient in helping clients connect with innovative housing options and supportive services that best meet their unique needs. The furniture co-op helps those exiting homelessness to make thier housing a home by delievering gently used furnishings. Case management in all programs connects guests to needed services and resources like housing, entitlements, employment, education, financial counseling, healthcare, childcare, and other resources.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 76
  • Accountability: 91
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.5%; rating input score 77
  • Program expense ratio: 78.8%; rating input score 79
  • Fundraising efficiency: $19.05 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 17th 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: 2.1%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 2.09; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.83; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 77.5% of revenue deployed · 78.8% of spending went to programs
  • Governance: 11 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $7.6M in reported program spending
  • Leadership: top reported pay $201K · 16 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 58/100.
  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 52/100.