Civic Intelligence

Options in Aging

990 • Fiscal year 2022 • EIN 23-2003718

Oct 01, 2021 to Sep 30, 2022 • Filed on Jan 31, 2023

Organization ProfileWWW.NEWHORIZONSSENIORCENTER.ORG
PO Box 85Narberth, PA 19072

(610) 664-2544

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$69,556

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

78th percentile

32%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

13%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$328,387

Up $79,659 (+32%) from 2021

Net Assets

Up

$317,810

Up $76,203 (+32%) from 2021

Liabilities

Up

$10,577

Up $3,456 (+49%) from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin77th percentile

Revenue

Up

$281,904

Up $31,915 (+13%) from 2021

Expenses

Up

$205,701

Up $36,443 (+22%) from 2021

Net Income

Down

$76,203

Down $4,528 (-5.6%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$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

2022

Assets$328,387
Liabilities$10,577
Net Assets$317,810
Open 2022 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$281,904
Expenses$205,701
Net Income$76,203
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 31, 2023
Return Version
2021v4.1
Gross Receipts
$281,904
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$128,796$238,816▲ $110,020
Cash and Non-Interest-Bearing Accounts$79,776$50,704▼ $29,072
Pledges and Grants Receivable$37,154$37,154→ $0
Land, Buildings, and Equipment, Net$3,002$1,713▼ $1,289
Total Assets$248,728$328,387▲ $79,659
Liabilities
Accounts Payable and Accrued Expenses$7,121$10,577▲ $3,456
Other Liabilities$0$0→ $0
Total Liabilities$7,121$10,577▲ $3,456
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$169,625$245,828▲ $76,203
Net Assets With Donor Restrictions$71,982$71,982→ $0
Total Net Assets Fund Balance$241,607$317,810▲ $76,203
Total Liabilities and Net Assets / Fund Balance$248,728$328,387▲ $79,659

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,713$15,615$17,328
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elissa BerardiExecutive DirectorFT$69,556$69,556

Board Members and Trustees

NameTitle
Michael Flanagan Md PhdPresident
Debra Seave Robinson Mss LswDirector
Heather L Turner EsqDirector
William P BeckerDirector
Patricia BoyleSecretary
Catherine a SchweigerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$281,040
Program Service Revenue
$845
Investment Income
$19
Other Revenue
$0
All Other Contributions
$179,698
Change in Net Assets
$76,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$153,034
Other Expenses$52,667
Total Fundraising Expense$18,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,040$0$0$72,040
Current Officers, Directors, Trustees, and Key Employees$45,212$10,432$13,912$69,556
Payroll Taxes$7,435$2,288$1,715$11,438
Fees for Services Accounting$5,020$690$690$6,400
Office Expenses$4,637$290$869$5,796
Insurance$5,004$263$0$5,267
Fees for Services Other$2,304$121$0$2,425
Information Technology$1,452$181$181$1,814
Other Expenses$1,238$156$156$1,550
Depreciation Depletion$0$1,289$0$1,289
Advertising$1,045$0$0$1,045
All Other Expenses$144$0$48$192
Travel$65$33$33$131
Total Functional Expenses$170,742$16,388$18,571$205,701
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
Elissa Berardi
Title
Executive Director
Phone
6106642544
Signed
2023-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elissa Berardi
Formed
1976
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
74

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 $68,400 for the year ended september 30, 2022. Additionally, during the year ended september 30, 2022 the center received in-kind development and real estate consulting services in the amount of $25,450.”

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 center's 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 430 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/OtherExpensesGrp/ManagementAndGeneralAmt3156
IRS990/OtherExpensesGrp/ProgramServicesAmt019812
IRS990/OtherExpensesGrp/ProgramServicesAmt12750
IRS990/OtherExpensesGrp/ProgramServicesAmt22584
IRS990/OtherExpensesGrp/ProgramServicesAmt31238
IRS990/OtherExpensesGrp/TotalAmt019812
IRS990/OtherExpensesGrp/TotalAmt13716
IRS990/OtherExpensesGrp/TotalAmt23230
IRS990/OtherExpensesGrp/TotalAmt31550
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IRS990/OtherLiabilitiesGrp/EOYAmt00
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt01715
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02288
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IRS990/PayrollTaxesGrp/TotalAmt011438
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0608
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt053076
IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01187498
IRS990ScheduleA/TotalSupportAmt01188106
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01713
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015615
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017328
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
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 CENTER'S 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.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01713
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 $68,400 FOR THE YEAR ENDED SEPTEMBER 30, 2022. ADDITIONALLY, DURING THE YEAR ENDED SEPTEMBER 30, 2022 THE CENTER RECEIVED IN-KIND DEVELOPMENT AND REAL ESTATE CONSULTING SERVICES IN THE AMOUNT OF $25,450.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
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IRS990/TravelGrp/ManagementAndGeneralAmt033
IRS990/TravelGrp/ProgramServicesAmt065
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$328,387
Liabilities
$10,577
Net assets
$317,810
Revenue
$281,904
Expenses
$205,701
Net income
$76,203
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