Civic Intelligence

New Strides Inc.

990 • Fiscal year 2016 • EIN 11-3338053

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 18, 2017

859 Connetquot Avenue Ste 10Islip Terrace, NY 11752

(631) 277-8300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.95x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • NTEE F • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

7.53x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • NTEE F • $500k-$1M nonprofits • Source year 2016

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2016 filings • NTEE F • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

96th percentile

$199,130

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 167.6% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-5.5%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$944,132

Down $28,675 (-2.9%) from 2015

Net Assets

Down

$49,209

Down $16,596 (-25%) from 2015

Liabilities

Down

$894,923

Down $12,079 (-1.3%) from 2015

Revenue

Down

$118,791

Down $6,945 (-5.5%) from 2015

Expenses

Up

$135,387

Up $22,940 (+20%) from 2015

Net Income

Down

-$16,596

Down $29,885 (-225%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2010: $1,005,529Liabilities 2010: $972,692Net Assets 2010: $32,8372010Assets 2011: $988,737Liabilities 2011: $956,370Net Assets 2011: $32,3672011Assets 2012: $957,720Liabilities 2012: $913,040Net Assets 2012: $44,6802012Assets 2013: $928,615Liabilities 2013: $872,629Net Assets 2013: $55,9862013Assets 2014: $938,356Liabilities 2014: $885,840Net Assets 2014: $52,5162014Assets 2015: $972,807Liabilities 2015: $907,002Net Assets 2015: $65,8052015Assets 2016: $944,132Liabilities 2016: $894,923Net Assets 2016: $49,2092016Assets 2017: $849,379Liabilities 2017: $812,364Net Assets 2017: $37,0152017Assets 2018: $847,411Liabilities 2018: $865,801Net Assets 2018: -$18,3902018Assets 2019: $782,016Liabilities 2019: $845,059Net Assets 2019: -$63,0432019Assets 2020: $806,746Liabilities 2020: $921,433Net Assets 2020: -$114,6872020Assets 2021: $799,420Liabilities 2021: $976,596Net Assets 2021: -$177,1762021Assets 2022: $792,950Liabilities 2022: $1,034,326Net Assets 2022: -$241,3762022Assets 2023: $793,128Liabilities 2023: $1,095,897Net Assets 2023: -$302,7692023Assets 2024: $734,099Liabilities 2024: $1,179,975Net Assets 2024: -$445,8762024

Highlighted filing

2016

Assets$944,132
Liabilities$894,923
Net Assets$49,209

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KExpenses 2010: $118,3472010Expenses 2011: $118,6582011Expenses 2012: $112,6392012Revenue 2013: $124,255Expenses 2013: $112,949Net Income 2013: $11,3062013Revenue 2014: $123,242Expenses 2014: $126,712Net Income 2014: -$3,4702014Revenue 2015: $125,736Expenses 2015: $112,447Net Income 2015: $13,2892015Revenue 2016: $118,791Expenses 2016: $135,387Net Income 2016: -$16,5962016Revenue 2017: $115,063Expenses 2017: $127,257Net Income 2017: -$12,1942017Revenue 2018: $101,001Expenses 2018: $156,406Net Income 2018: -$55,4052018Revenue 2019: $84,041Expenses 2019: $128,694Net Income 2019: -$44,6532019Revenue 2020: $82,392Expenses 2020: $134,036Net Income 2020: -$51,6442020Revenue 2021: $85,032Expenses 2021: $147,521Net Income 2021: -$62,4892021Revenue 2022: $104,068Expenses 2022: $168,268Net Income 2022: -$64,2002022Revenue 2023: $112,303Expenses 2023: $173,696Net Income 2023: -$61,3932023Revenue 2024: $79,531Expenses 2024: $222,638Net Income 2024: -$143,1072024

Highlighted filing

2016

Revenue$118,791
Expenses$135,387
Net Income-$16,596
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 18, 2017
Return Version
2016v3.0
Gross Receipts
$118,791
Mission and Program Overview

Mission

To provide mentally ill and homeless persons with housing facilities and services specially designed to meet their physical, social and psychological needs, and to promote their health, security, happiness and usefulness in longer living.

New strides, inc. Is an affiliate of mercy haven, inc. Mercy haven's mission is to acknowledge the dignity and potential of people who are homeless, living with mental illness or living in poverty by providing housing, advocacy, education and life skills development. Mercy haven and its affiliate, new strides, inc., has grown throughout its 30 years to become a multifaceted community resource. We brought services to both nassau and suffolk counties in new york and are dedicated members of the communities we serve. From a humble beginning in bay shore in 1985 as a provider of housing for persons living with mental illness, our housing programs now include the elderly, limited income families as well as persons with special needs. Mercy haven's mission is to acknowledge the dignity and potential of people who are homeless, living with mental illness or living in poverty by providing housing, advocacy, education and life skills development. From a humble beginning in bay shore in 1985 as

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$753,839$722,636▼ $31,203
Savings and Temporary Cash Investments$119,411$136,641▲ $17,230
Prepaid Expenses and Deferred Charges$2,303$2,633▲ $330
Accounts Receivable$2,714$683▼ $2,031
Total Assets$972,807$944,132▼ $28,675
Other Assets Total$94,540$81,539▼ $13,001
Liabilities
Mortgage Notes Payable Secured by Investment Property$721,462$689,575▼ $31,887
Other Liabilities$174,873$190,636▲ $15,763
Accounts Payable and Accrued Expenses$10,667$14,712▲ $4,045
Total Liabilities$907,002$894,923▼ $12,079
Net Assets / Fund Balance
Unrestricted Net Assets$65,805$49,209▼ $16,596
Total Net Assets Fund Balance$65,805$49,209▼ $16,596
Total Liabilities and Net Assets / Fund Balance$972,807$944,132▼ $28,675

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$618,685$552,864$1,171,549
Land$103,951-$103,951
Other Assets Org$81,539--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sister Patricia GriffithExecutive DiFT$199,130$199,130
John CastellanoDirector of LegalFT$137,358$137,358
Joseph MercurioAssociate ExFT$122,219$122,219

Board Members and Trustees

NameTitle
Dorothy OvertonChairperson
Patrick T CollinsVice Chairpe
Angelica RamosBoard Member
Anthony LautoBoard Member
Denise Green-jacksonBoard Member
Douglas a Russell PhdBoard Member
Edward GraysonBoard Member
Fred BrendelBoard Member
Gail DonheiserBoard Member
Jane MancinaBoard Member
Joseph F SingletonBoard Member
Kathleen M ScanlonBoard Member
Mark Sandberg PhdBoard Member
Ninonde CabrolBoard Member
Patrick J HickeyBoard Member
Paul ConefryBoard Member
Sister Patricia GriffithExecutive Director
E G FlynnSecretary
Ronald J EagarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$85,251
Program Service Revenue
$33,487
Investment Income
$53
Other Revenue
$0
Change in Net Assets
$-16,596

Audited Revenue Reconciliation

Revenue per Audited Statements
$118,791
Total Revenue per Audited Statements
$118,791
Total Revenue per Form 990
$118,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,683
Salaries, Compensation, and Employee Benefits$29,704
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$31,203--$31,203
Other Salaries and Wages$24,476--$24,476
Fees for Services Accounting$17,091--$17,091
Occupancy$12,981$652-$13,633
Insurance$8,925--$8,925
Fees for Services Other$1,225$7,500-$8,725
Payroll Taxes$2,821--$2,821
Office Expenses$1,538$1,098-$2,636
Other Employee Benefits$2,407--$2,407
Information Technology$381$512-$893
Other Expenses$885$323-$323
Travel$64$216-$280
Fees for Services Legal$58--$58
Total Functional Expenses$124,778$10,609$0$135,387

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$135,387
Total Expenses per Audited Statements$135,387
Total Expenses per Form 990$135,387
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$189,485
Security Deposit$1,151
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The yearly audit draft is presented to the audit and compliance committee of the board. As part of this process, the committee addresses the independent auditors with no staff present. After having satisfactorily answered the committee's questions, the auditors issue final audited financial statements. The form 990 is prepared by the independent auditors based on information from the audited financial statements. The form 990 is reviewed by management and agreed with the independent auditors. The form is filed and the final copy of the audit and form 990 are posted on a document portal for all audit and compliance committee members to review.

Form 990, Page 6, Part VI, Line 12C

All board members are required on an annual basis and in addition anytime the policy is updated to review and sign the current policy.

Form 990, Page 6, Part VI, Line 19

Our website offers opportunity to view our financial audit. This site is also linked to the better business bureau and refers readers to www.guidestar.org for further information about our agency.

Filing and Contact Details

Filer

Filer Name
New Strides Inc
EIN
11-3338053
Phone
6312778300
Address
859 CONNETQUOT AVENUE STE 10, ISLIP TERRACE, NY 11752

Signing Officer

Name
Sister Patricia Griffith
Title
Executive Director
Phone
6312778300
Signed
2017-08-18

Organization Details

Principal Officer
Sister Patricia Griffith
Formed
1996
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Cullen & Danowski Llp
Address
1650 ROUTE 112, PORT JEFFERSON STA, NY 11776-3060
Preparer
James Danowski CPA
Phone
6314733400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

New strides, inc. Is an affiliate of mercy haven, inc. Mercy haven's mission is to acknowledge the dignity and potential of people who are homeless, living with mental illness or living in poverty by providing housing, advocacy, education and life skills development. Mercy haven and its affiliate, new strides, inc., has grown throughout its 30 years to become a multifaceted community resource. We brought services to both nassau and suffolk counties in new york and are dedicated members of the communities we serve. From a humble beginning in bay shore in 1985 as a provider of housing for persons living with mental illness, our housing programs now include the elderly, limited income families as well as persons with special needs. Mercy haven's mission is to acknowledge the dignity and potential of people who are homeless, living with mental illness or living in poverty by providing housing, advocacy, education and life skills development. From a humble beginning in bay shore in 1985 as a provider of housing for persons living with mental illness, our housing programs now include the elderly, limited income families as well as persons with special needs. Mercy haven and its affiliate, new strides, inc., have grown throughout their 30 years to become a multifaceted community resource. Our support programs include free legal advocacy, education and employment skills training, community outreach, staff on call 24/7, and a sophisticated property management department. We have brought services to both nassau and suffolk counties in new york and are dedicated members of the communities we serve. We envision communities where diversity and inclusion are valued and individuals reach their full potential. We are committed to be a place where experience and creative solutions come together to open the door of possibility for those most in need.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization was incorporated as a not-for-profit corporation under the laws of the state of new york and is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable new york state tax laws. The organization evaluates on an annual basis the effects of any uncertain tax positions on its financial statements using a threshold of more likely than not. As of december 31, 2016, the organization has not identified or provided any such positions.

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IRS990/MissionDesc0NEW STRIDES, INC. IS AN AFFILIATE OF MERCY HAVEN, INC. MERCY HAVEN'S MISSION IS TO ACKNOWLEDGE THE DIGNITY AND POTENTIAL OF PEOPLE WHO ARE HOMELESS, LIVING WITH MENTAL ILLNESS OR LIVING IN POVERTY BY PROVIDING HOUSING, ADVOCACY, EDUCATION AND LIFE SKILLS DEVELOPMENT. MERCY HAVEN AND ITS AFFILIATE, NEW STRIDES, INC., HAS GROWN THROUGHOUT ITS 30 YEARS TO BECOME A MULTIFACETED COMMUNITY RESOURCE. WE BROUGHT SERVICES TO BOTH NASSAU AND SUFFOLK COUNTIES IN NEW YORK AND ARE DEDICATED MEMBERS OF THE COMMUNITIES WE SERVE. FROM A HUMBLE BEGINNING IN BAY SHORE IN 1985 AS A PROVIDER OF HOUSING FOR PERSONS LIVING WITH MENTAL ILLNESS, OUR HOUSING PROGRAMS NOW INCLUDE THE ELDERLY, LIMITED INCOME FAMILIES AS WELL AS PERSONS WITH SPECIAL NEEDS. MERCY HAVEN'S MISSION IS TO ACKNOWLEDGE THE DIGNITY AND POTENTIAL OF PEOPLE WHO ARE HOMELESS, LIVING WITH MENTAL ILLNESS OR LIVING IN POVERTY BY PROVIDING HOUSING, ADVOCACY, EDUCATION AND LIFE SKILLS DEVELOPMENT. FROM A HUMBLE BEGINNING IN BAY SHORE IN 1985 AS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NEW YORK AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE NEW YORK STATE TAX LAWS. THE ORGANIZATION EVALUATES ON AN ANNUAL BASIS THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT. AS OF DECEMBER 31, 2016, THE ORGANIZATION HAS NOT IDENTIFIED OR PROVIDED ANY SUCH POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW STRIDES, INC. IS AN AFFILIATE OF MERCY HAVEN, INC. MERCY HAVEN'S MISSION IS TO ACKNOWLEDGE THE DIGNITY AND POTENTIAL OF PEOPLE WHO ARE HOMELESS, LIVING WITH MENTAL ILLNESS OR LIVING IN POVERTY BY PROVIDING HOUSING, ADVOCACY, EDUCATION AND LIFE SKILLS DEVELOPMENT. MERCY HAVEN AND ITS AFFILIATE, NEW STRIDES, INC., HAS GROWN THROUGHOUT ITS 30 YEARS TO BECOME A MULTIFACETED COMMUNITY RESOURCE. WE BROUGHT SERVICES TO BOTH NASSAU AND SUFFOLK COUNTIES IN NEW YORK AND ARE DEDICATED MEMBERS OF THE COMMUNITIES WE SERVE. FROM A HUMBLE BEGINNING IN BAY SHORE IN 1985 AS A PROVIDER OF HOUSING FOR PERSONS LIVING WITH MENTAL ILLNESS, OUR HOUSING PROGRAMS NOW INCLUDE THE ELDERLY, LIMITED INCOME FAMILIES AS WELL AS PERSONS WITH SPECIAL NEEDS. MERCY HAVEN'S MISSION IS TO ACKNOWLEDGE THE DIGNITY AND POTENTIAL OF PEOPLE WHO ARE HOMELESS, LIVING WITH MENTAL ILLNESS OR LIVING IN POVERTY BY PROVIDING HOUSING, ADVOCACY, EDUCATION AND LIFE SKILLS DEVELOPMENT. FROM A HUMBLE BEGINNING IN BAY SHORE IN 1985 AS A PROVIDER OF HOUSING FOR PERSONS LIVING WITH MENTAL ILLNESS, OUR HOUSING PROGRAMS NOW INCLUDE THE ELDERLY, LIMITED INCOME FAMILIES AS WELL AS PERSONS WITH SPECIAL NEEDS. MERCY HAVEN AND ITS AFFILIATE, NEW STRIDES, INC., HAVE GROWN THROUGHOUT THEIR 30 YEARS TO BECOME A MULTIFACETED COMMUNITY RESOURCE. OUR SUPPORT PROGRAMS INCLUDE FREE LEGAL ADVOCACY, EDUCATION AND EMPLOYMENT SKILLS TRAINING, COMMUNITY OUTREACH, STAFF ON CALL 24/7, AND A SOPHISTICATED PROPERTY MANAGEMENT DEPARTMENT. WE HAVE BROUGHT SERVICES TO BOTH NASSAU AND SUFFOLK COUNTIES IN NEW YORK AND ARE DEDICATED MEMBERS OF THE COMMUNITIES WE SERVE. WE ENVISION COMMUNITIES WHERE DIVERSITY AND INCLUSION ARE VALUED AND INDIVIDUALS REACH THEIR FULL POTENTIAL. WE ARE COMMITTED TO BE A PLACE WHERE EXPERIENCE AND CREATIVE SOLUTIONS COME TOGETHER TO OPEN THE DOOR OF POSSIBILITY FOR THOSE MOST IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE YEARLY AUDIT DRAFT IS PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. AS PART OF THIS PROCESS, THE COMMITTEE ADDRESSES THE INDEPENDENT AUDITORS WITH NO STAFF PRESENT. AFTER HAVING SATISFACTORILY ANSWERED THE COMMITTEE'S QUESTIONS, THE AUDITORS ISSUE FINAL AUDITED FINANCIAL STATEMENTS. THE FORM 990 IS PREPARED BY THE INDEPENDENT AUDITORS BASED ON INFORMATION FROM THE AUDITED FINANCIAL STATEMENTS. THE FORM 990 IS REVIEWED BY MANAGEMENT AND AGREED WITH THE INDEPENDENT AUDITORS. THE FORM IS FILED AND THE FINAL COPY OF THE AUDIT AND FORM 990 ARE POSTED ON A DOCUMENT PORTAL FOR ALL AUDIT AND COMPLIANCE COMMITTEE MEMBERS TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE REQUIRED ON AN ANNUAL BASIS AND IN ADDITION ANYTIME THE POLICY IS UPDATED TO REVIEW AND SIGN THE CURRENT POLICY.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$1.18$0.45$0.08$0.22$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.79$1.10$0.30$0.11$0.17$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.79$1.03$0.24$0.10$0.17$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.80$0.98$0.18$0.09$0.15$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.81$0.92$0.11$0.08$0.13$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.85$0.06$0.08$0.13$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.87$0.02$0.10$0.16$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.81$0.04$0.12$0.13$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.89$0.05$0.12$0.14$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.91$0.07$0.13$0.11$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.94$0.89$0.05$0.12$0.13$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.93$0.87$0.06$0.12$0.11$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.91$0.04$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.96$0.03$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.97$0.03$0.12