Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
New Horizons Properties III Inc.
EIN 59-2528673 • 501(c)3 • Gainesville, FL
Pub. 78 Eligible
Profile
To provide affordable housing for people with psychiatric disabilities
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
2.61x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Balance Sheet
Assets
Up$197,998
Up $10,289 (+5.5%) from 2023
Liabilities
Up$516,474
Up $55,306 (+12%) from 2023
Net Assets
Down-$318,476
Down $45,017 (-16%) from 2023
Revenue
Down$91,442
Down $8,033 (-8.1%) from 2023
Expenses
Up$136,459
Up $22,430 (+20%) from 2023
Net Income
Down-$45,017
Down $30,463 (-209%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $197,998
- Liabilities
- $516,474
- Net assets
- -$318,476
- Revenue
- $91,442
- Expenses
- $136,459
- Net income
- -$45,017
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 13, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $91,442
Mission and Program Overview
Mission
To provide affordable housing for people with psychiatric disabilities
Program Services
| Description | Grants | Expenses |
|---|---|---|
| OPERATION OF A RESIDENTIAL GROUP HOME FOR PEOPLE WITH PSYCHIATRIC DISABILITIES WHO NEED HOUSING AND POSSIBLE VOLUNTARY PSYCHIATRIC TREATMENT OF A PROVIDER OF THEIR CHOICE. | - | $90,807 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DR MARGARITA M LABARTA | Chairman | - | $0 | - | - |
| RICHARD ANDERSON | Secretary/Tr | - | $0 | - | - |
| PATRICIA ABBITT | Vice Chair | - | $0 | - | - |
| MARY ALFORD | Director | - | $0 | - | - |
| TERESA JENKINSON | Treas Thru O | - | $0 | - | - |
| DONALD SAVOIE | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- New Horizons Properties Iii Inc
- EIN
- 59-2528673
- Phone
- 3523745600
- Address
- 4300 SW 13TH STREET, GAINESVILLE, FL 32608
Signing Officer
- Name
- Richard Anderson
- Title
- Chair
- Phone
- 3523745600
- Signed
- 2025-05-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Purvis Gray & Company Llp
- Address
- 222 NORTH EAST FIRST STREET, GAINESVILLE, FL 32601
- Preparer
- Emily J Newsom CPA
- Phone
- 3523782461
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses travel 435 insurance 5,727 taxes, licenses & permits 673 administrative 2,345 bad debts 2,314 non-investment depreciation 1,826 total 13,320”
Form 990-ez, Part II, Line 24
“Accounts receivable 10,219 10,712 less allowance 1,274 2,242 net 8,945 8,470 furniture & equipment 25,414 25,414 less accumulated depreciation 19,808 21,634 total 14,551 12,250”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 12,912 5,464 deferred revenue 510 0 affiliate advances 298,045 375,923 tenant security deposits 2,680 3,227 mortgage and other notes payable 147,021 131,860”
Raw XML Appendix155 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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| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3523745600 |
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| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GAINESVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 32608 |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 119265 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 42567 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -45017 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 47632 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 187709 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 197998 |
| IRS990EZ/GrossReceiptsAmt | 0 | 91442 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 357 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 54948 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 66483 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -273459 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -318476 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -273459 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -318476 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 75507 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.45 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DR MARGARITA M LABARTA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RICHARD ANDERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PATRICIA ABBITT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MARY ALFORD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TERESA JENKINSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | DONALD SAVOIE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY/TR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TREAS THRU O |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 14551 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 12250 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 13320 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 48518 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | OPERATION OF A RESIDENTIAL GROUP HOME FOR PEOPLE WITH PSYCHIATRIC DISABILITIES WHO NEED HOUSING AND POSSIBLE VOLUNTARY PSYCHIATRIC TREATMENT OF A PROVIDER OF THEIR CHOICE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 90807 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 461168 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 516474 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 136459 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 90807 |
| IRS990EZ/TotalRevenueAmt | 0 | 91442 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 42567 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 49773 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 51504 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 55267 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 38554 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 237665 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 357 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 187 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 19 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 27 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 140 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 730 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 236610 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99690 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99740 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 237665 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 42567 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 49773 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 51504 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 55267 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 38554 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 237665 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 238395 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES TRAVEL 435 INSURANCE 5,727 TAXES, LICENSES & PERMITS 673 ADMINISTRATIVE 2,345 BAD DEBTS 2,314 NON-INVESTMENT DEPRECIATION 1,826 TOTAL 13,320 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 10,219 10,712 LESS ALLOWANCE 1,274 2,242 NET 8,945 8,470 FURNITURE & EQUIPMENT 25,414 25,414 LESS ACCUMULATED DEPRECIATION 19,808 21,634 TOTAL 14,551 12,250 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 12,912 5,464 DEFERRED REVENUE 510 0 AFFILIATE ADVANCES 298,045 375,923 TENANT SECURITY DEPOSITS 2,680 3,227 MORTGAGE AND OTHER NOTES PAYABLE 147,021 131,860 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RICHARD ANDERSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3523745600 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | NEW HORIZONS PROPERTIES III INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NEWH |
| ReturnHeader/Filer/EIN | 0 | 592528673 |
| ReturnHeader/Filer/PhoneNum | 0 | 3523745600 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4300 SW 13TH STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GAINESVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 32608 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 590548468 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PURVIS GRAY & COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 222 NORTH EAST FIRST STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GAINESVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 32601 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3523782461 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | EMILY J NEWSOM CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T15:53:40-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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