islip terrace, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Strides Inc, founded in 1996, is a small nonprofit in the Mental Health sector that reported $112K in total revenue in fiscal year 2023. Expenses of $174K exceeded revenue, resulting in a 55% operating deficit.
NEW STRIDES, INC. IS AN AFFILIATE OF MERCY HAVEN, INC. MERCY HAVENS 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. HAVE GROWN THROUGHOUT THEIR 38 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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $112,303 | $104,068 | +0.1% |
| Expenses | $173,696 | $168,268 | +0.0% |
| Net Income | $-61,393 | $-64,200 | 0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Sister Patricia Griffith | Executive Dir. | 0.00 |
Officer
|
$0 | $11,129 | $265,438 |
| John Murray | CFO | 0.00 |
|
$0 | $8,348 | $134,123 |
| Donna Donaghy | Assoc. Exe. Dir | 0.00 |
Officer
|
$0 | $16,263 | $127,103 |
| Pat Collins | Chairperson | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Domenico Ciaccio | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Fred Brendel | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ron Eagar | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Paul Conefry | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Jim Digiovanni | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Pat Hickey | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Anthony Lauto | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Melissa Marius-Burke | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Tom Quigley | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Louise Regnante | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Patricia Rykert | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Mark Sandberg | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $112,303 | $173,696 | $793,128 | $-61,393 |
| 2022 | $104,068 | $168,268 | $792,950 | $-64,200 |
| 2021 | $85,032 | $147,521 | $799,420 | $-62,489 |
| 2020 | $82,392 | $134,036 | $806,746 | $-51,644 |
| 2019 | $84,041 | $128,694 | $782,016 | $-44,653 |
| 2018 | $101,001 | $156,406 | $847,411 | $-55,405 |
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