Civic Intelligence

Options in Aging

EIN 23-2003718 • 501(c)3 • Narberth, PA

Profile

The mission of new horizons is to provide supportive programs and services enabling adults to live independently in their own homes, form meaningful connections with others and engage in lifelong learning.

PO Box 85Narberth, PA 19072

www.newhorizonsseniorcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

24th percentile

-19%

Higher net margin than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

-14%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

-2.8%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$295,979

Down $48,127 (-14%) from 2023

Liabilities

Down

$7,005

Down $596 (-7.8%) from 2023

Net Assets

Down

$288,974

Down $47,531 (-14%) from 2023

Revenue

Down

$254,534

Down $7,441 (-2.8%) from 2023

Expenses

Up

$302,065

Up $58,785 (+24%) from 2023

Net Income

Down

-$47,531

Down $66,226 (-354%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $22,969Liabilities 2011: $2,310Net Assets 2011: $20,6592011Assets 2012: $35,629Liabilities 2012: $3,607Net Assets 2012: $32,0222012Assets 2013: $28,238Liabilities 2013: $3,824Net Assets 2013: $24,4142013Assets 2014: $24,978Liabilities 2014: $8,720Net Assets 2014: $16,2582014Assets 2015: $32,916Liabilities 2015: $8,883Net Assets 2015: $24,0332015Assets 2016: $62,916Liabilities 2016: $10,635Net Assets 2016: $52,2812016Assets 2017: $105,065Liabilities 2017: $9,873Net Assets 2017: $95,1922017Assets 2018: $151,722Liabilities 2018: $11,409Net Assets 2018: $140,3132018Assets 2019: $153,332Liabilities 2019: $17,630Net Assets 2019: $135,7022019Assets 2020: $169,252Liabilities 2020: $8,376Net Assets 2020: $160,8762020Assets 2021: $248,728Liabilities 2021: $7,121Net Assets 2021: $241,6072021Assets 2022: $328,387Liabilities 2022: $10,577Net Assets 2022: $317,8102022Assets 2023: $344,106Liabilities 2023: $7,601Net Assets 2023: $336,5052023Assets 2024: $295,979Liabilities 2024: $7,005Net Assets 2024: $288,9742024

Highlighted filing

2024

Assets$295,979
Liabilities$7,005
Net Assets$288,974

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $129,344Expenses 2011: $134,979Net Income 2011: -$5,6352011Expenses 2012: $147,3922012Expenses 2013: $167,1342013Revenue 2014: $161,227Expenses 2014: $169,383Net Income 2014: -$8,1562014Revenue 2015: $195,439Expenses 2015: $187,664Net Income 2015: $7,7752015Revenue 2016: $227,096Expenses 2016: $198,848Net Income 2016: $28,2482016Revenue 2017: $244,761Expenses 2017: $201,850Net Income 2017: $42,9112017Revenue 2018: $257,642Expenses 2018: $212,521Net Income 2018: $45,1212018Revenue 2019: $246,730Expenses 2019: $251,341Net Income 2019: -$4,6112019Revenue 2020: $204,917Expenses 2020: $179,743Net Income 2020: $25,1742020Revenue 2021: $249,989Expenses 2021: $169,258Net Income 2021: $80,7312021Revenue 2022: $281,904Expenses 2022: $205,701Net Income 2022: $76,2032022Revenue 2023: $261,975Expenses 2023: $243,280Net Income 2023: $18,6952023Revenue 2024: $254,534Expenses 2024: $302,065Net Income 2024: -$47,5312024

Highlighted filing

2024

Revenue$254,534
Expenses$302,065
Net Income-$47,531

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.96$0.07$2.89$2.55$3.02$0.48
2023Detailed filing. Detailed filing data is available for this year.$3.44$0.08$3.37$2.62$2.43$0.19
2022Detailed filing. Detailed filing data is available for this year.$3.28$0.11$3.18$2.82$2.06$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.07$2.42$2.50$1.69$0.81
2020Detailed filing. Detailed filing data is available for this year.$1.69$0.08$1.61$2.05$1.80$0.25
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.18$1.36$2.47$2.51$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.52$0.11$1.40$2.58$2.13$0.45
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.10$0.95$2.45$2.02$0.43
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.11$0.52$2.27$1.99$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.09$0.24$1.95$1.88$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.09$0.16$1.61$1.69$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.04$0.24$1.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.04$0.32$1.47
2011Summary only. Only limited summary data is available for this year.$0.23$0.02$0.21$1.29$1.35$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 13, 2025
Return Version
2023v6.0
Gross Receipts
$254,534
Mission and Program Overview

Mission

The mission of new horizons is to provide supportive programs and services enabling adults to live independently in their own homes, form meaningful connections with others and engage in lifelong learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$246,725$207,515▼ $39,210
Pledges and Grants Receivable$37,154$47,154▲ $10,000
Investments Other Securities-$32,280-
Cash and Non-Interest-Bearing Accounts$59,803$9,030▼ $50,773
Land, Buildings, and Equipment, Net$424$0▼ $424
Total Assets$344,106$295,979▼ $48,127
Liabilities
Accounts Payable and Accrued Expenses$7,601$7,005▼ $596
Other Liabilities$0$0→ $0
Total Liabilities$7,601$7,005▼ $596
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$264,523$206,992▼ $57,531
Net Assets With Donor Restrictions$71,982$81,982▲ $10,000
Total Net Assets Fund Balance$336,505$288,974▼ $47,531
Total Liabilities and Net Assets / Fund Balance$344,106$295,979▼ $48,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$17,328$17,328
Other Securities$32,280--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elissa BerardiOutgoing Executive DirectorFT$70,252$70,252
Richard SteinExecutive DirectorFT$2,708$2,708

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$247,918
Program Service Revenue
$680
Investment Income
$5,936
Other Revenue
$0
All Other Contributions
$163,162
Change in Net Assets
$-47,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$228,990
Other Expenses$73,075
Total Fundraising Expense$19,866
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,951$0$0$138,951
Current Officers, Directors, Trustees, and Key Employees$47,424$10,944$14,592$72,960
Payroll Taxes$11,101$3,416$2,562$17,079
Fees for Services Accounting$5,086$665$665$6,416
Insurance$5,623$296$0$5,919
Information Technology$3,517$440$440$4,397
Fees for Services Other$3,239$170$0$3,409
Office Expenses$2,681$168$502$3,351
Advertising$2,444$0$0$2,444
Travel$768$383$383$1,534
Other Expenses$446$0$149$595
Depreciation Depletion$0$424$0$424
All Other Expenses$160$10$30$200
Total Functional Expenses$264,740$17,459$19,866$302,065
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Options in Aging
EIN
23-2003718
Phone
6106642544
Address
PO BOX 85, NARBERTH, PA 19072
Doing Business As
New Horizons Senior Center

Signing Officer

Name
Richard Stein
Title
Executive Director
Phone
6106642544
Signed
2025-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Stein
Formed
1976
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
60

Preparer

Firm
Ruotolo Spewak & Co
Address
101 CHESTNUT AVE, MOUNT LAUREL, NJ 08054
Preparer
Dustin B Ward CPA Mba
Phone
8562731282
Supplemental Narrative

Additional Explanations

Other

Form 990, part i, line 1 description of organization mission: independently in their own homes, form meaningful connections with others and engage in lifelong learning.

Pt VI, Line 11B

The executive director, and treasurer receive the form 990 from the accountants who review it for accuracy. Any adjustments needed will be communicated to the accountants. The updated draft is then sent to the full board of directors.

Pt VI, Line 12C

New horizons requires that the conflict of interest form be filled out and filed on an annual basis and at that time, the staff and board have the opportunity to recognize and address any potential conflicts that may arise.

Pt VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available for public inspection upon request.

Pt XII, Line 2C

No processes have changed since prior year filing.

Pt XI

(line 2b) & xii (line 2a) the space currently used by the new horizon senior center to carry out its mission is located in the narberth borough municipal services building at 100 conway ave., 2nd floor. And is provided rent-free by the borough of naberth, pennsylvania on a month-to-month basis. Estimated in-kind rental value for this space is $61,800 for the year ended september 30, 2024. The centers administrative office is located in another facility in narberth, pennsylvania that is provided rent-free on a month-to-month basis. Estimated in-kind rental value for this space is $8,652 for the year ended september 30, 2024. Additionally, during the year ended september 30, 2024 the center received in-kind development and real estate consulting services in the amount of $26,214.

Financial Statement Notes

Pt X, Line 2

The internal revenue service (irs) has classified the center as exempt from federal income taxes under section 501(c)(3) of the internal revenue code (code);as an organization, contributions to which are deductible under section 170(c) of the code; and as an organization that is not a private foundation as defined in section 509(a) of the code. Therefore, no provision for federal and state income taxes is included in the accompanying financial statements.

Pt X, Line 2

Management of the center considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur upon examination by tax authorities, including changes to the centers status as a not-for-profit entity. Management believes the center met the requirements to maintain its tax-exempt status and has not identified any uncertain tax positions subject to the unrelated business income tax that require recognition or disclosure in the accompanying financial statements.

Raw XML AppendixShowing 400 of 438 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0NEW HORIZON SENIOR CENTER HAS PROVIDED STIMULATING, NURTURING AND PROGRESSIVE PROGRAMMING FOR ACTIVE ADULTS IN AND AROUND LOWER MERION TOWNSHIP FOR OVER FORTY YEARS. WE CURRENTLY SERVE OVER 1,000 UNDUPLICATED SENIORS. NHSCS RICH AND VARIED PROGRAMS FIT INTO FOUR BROAD CATEGORIES (RECREATION & SOCIALIZATION, EDUCATION, HEALTH & WELLNESS, AND SUPPORTIVE SERVICES) AND ARE CAREFULLY DESIGNED TO FOSTER ALL ASPECTS OF WELLNESS FOR SENIORS. NHSC HAS A UNIQUE AND SUCCESSFUL VOLUNTEER-LED PROGRAM MODEL WHICH HELPS MANY OF OUR OWN SENIORS TO FIND MEANING AND PURPOSE IN RETIREMENT. THEY GREATLY ENHANCE OUR CAPACITY TO SERVE! DURING THIS FISCAL YEAR, NHSC PROVIDED SAFE, GRAB AND GO NUTRITIOUS LUNCHES FOR SENIOR CITIZENS (AGE 60+) FREE OF CHARGE OR BY A PAY IF THEY CAN ANONYMOUS DONATION. DURING THE ON-GOING PANDEMIC, WE HAVE OFFERED A ROBUST ARRAY OF OUR PROGRAMS REMOTELY. WE CONTINUE THIS SAFE MODALITY AS PART OF OUR SERVICE DELIVERY. WE PROVIDE A FULL ARRAY OF REMOTE PROGRAMS AND SERVICES -FROM COMPUTER TECH SUPPORT, AGING SUPPORT GROUPS AND PRIVATE COUNSELING, TO BOOK, DISCUSSION, AND EXERCISE GROUPS. STAFF AND VOLUNTEERS QUICKLY RE-DEPLOYED TO MAXIMIZE OUR CAPACITY TO PROVIDE REMOTE SUPPORT AND TRAIN OUR SENIORS TO PARTICIPATE. IN ADDITION TO ADDING OUR WELL UTILIZED GRAB AND GO MEALS PROGRAM WE HAVE BUILT SAFE HYBRID PROGRAMMING (COMBINING IN-PERSON, MASKED PARTICIPATION WITH BROADCAST TO THOSE SENIORS PREFER TO PARTICIPATE MORE SAFELY FROM THEIR HOMES.)
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IRS990/OtherExpensesGrp/FundraisingAmt284
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt284
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IRS990/OtherExpensesGrp/ProgramServicesAmt2666
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IRS990/OtherExpensesGrp/TotalAmt13529
IRS990/OtherExpensesGrp/TotalAmt2834
IRS990/OtherExpensesGrp/TotalAmt3595
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0138951
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IRS990/PrincipalOfficerNm0RICHARD STEIN
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01232311
IRS990ScheduleA/TotalSupportAmt01241741
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017328
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE (IRS) HAS CLASSIFIED THE CENTER AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE);AS AN ORGANIZATION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C) OF THE CODE; AND AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. THEREFORE, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT OF THE CENTER CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE CENTERS STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE CENTER MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS SUBJECT TO THE UNRELATED BUSINESS INCOME TAX THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X, Line 2
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IRS990ScheduleD/TotalBookValueSecuritiesAmt032280
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART I, LINE 1 DESCRIPTION OF ORGANIZATION MISSION: INDEPENDENTLY IN THEIR OWN HOMES, FORM MEANINGFUL CONNECTIONS WITH OTHERS AND ENGAGE IN LIFELONG LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR, AND TREASURER RECEIVE THE FORM 990 FROM THE ACCOUNTANTS WHO REVIEW IT FOR ACCURACY. ANY ADJUSTMENTS NEEDED WILL BE COMMUNICATED TO THE ACCOUNTANTS. THE UPDATED DRAFT IS THEN SENT TO THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NEW HORIZONS REQUIRES THAT THE CONFLICT OF INTEREST FORM BE FILLED OUT AND FILED ON AN ANNUAL BASIS AND AT THAT TIME, THE STAFF AND BOARD HAVE THE OPPORTUNITY TO RECOGNIZE AND ADDRESS ANY POTENTIAL CONFLICTS THAT MAY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO PROCESSES HAVE CHANGED SINCE PRIOR YEAR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5(LINE 2B) & XII (LINE 2A) THE SPACE CURRENTLY USED BY THE NEW HORIZON SENIOR CENTER TO CARRY OUT ITS MISSION IS LOCATED IN THE NARBERTH BOROUGH MUNICIPAL SERVICES BUILDING AT 100 CONWAY AVE., 2ND FLOOR. AND IS PROVIDED RENT-FREE BY THE BOROUGH OF NABERTH, PENNSYLVANIA ON A MONTH-TO-MONTH BASIS. ESTIMATED IN-KIND RENTAL VALUE FOR THIS SPACE IS $61,800 FOR THE YEAR ENDED SEPTEMBER 30, 2024. THE CENTERS ADMINISTRATIVE OFFICE IS LOCATED IN ANOTHER FACILITY IN NARBERTH, PENNSYLVANIA THAT IS PROVIDED RENT-FREE ON A MONTH-TO-MONTH BASIS. ESTIMATED IN-KIND RENTAL VALUE FOR THIS SPACE IS $8,652 FOR THE YEAR ENDED SEPTEMBER 30, 2024. ADDITIONALLY, DURING THE YEAR ENDED SEPTEMBER 30, 2024 THE CENTER RECEIVED IN-KIND DEVELOPMENT AND REAL ESTATE CONSULTING SERVICES IN THE AMOUNT OF $26,214.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
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