NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW DESTINY HOUSING CORPORATION, founded in 1994, is a mid-sized nonprofit in the Housing & Shelter sector that reported $19.8M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 24% operating margin.
NEW DESTINY'S MISSION IS TO END THE CYCLE OF DOMESTIC VIOLENCE AND HOMELESSNESS FOR LOW-INCOME FAMILIES AND INDIVIDUALS BY DEVELOPING AND CONNECTING THEM TO SAFE, PERMANENT, AFFORDABLE HOUSING AND SERVICES
IN FY 2025 NEW DESTINY OPERATED TWO DIRECT SERVICE PROGRAMS THE FAMILY SUPPORT PROGRAM AND HOUSING ACCESS AND STABILITY SERVICES.THE FAMILY SUPPORT PROGRAM PROVIDES VOLUNTARY ON-SITE SERVICES AT NEW...
IN FY 2025 NEW DESTINY OPERATED TWO DIRECT SERVICE PROGRAMS THE FAMILY SUPPORT PROGRAM AND HOUSING ACCESS AND STABILITY SERVICES.THE FAMILY SUPPORT PROGRAM PROVIDES VOLUNTARY ON-SITE SERVICES AT NEW DESTINY'S PERMANENT HOUSING TO PROMOTE HOUSING STABILITY, PREVENT OR, IF NECESSARY, RESPOND TO INCIDENTS OF VIOLENCE, AND IMPROVE THE OVERALL WELL-BEING AND ECONOMIC PROGRESS OF TENANTS. ON-SITE SERVICES INCLUDE COMMUNITY BUILDING EVENTS, PARENTING SUPPORT GROUPS, SAFETY AND JOB READINESS. LEGAL, HEALTH, AND JOB TRAINING SERVICES ARE PROVIDED THROUGH PARTNERSHIPS WITH LOCAL AND CITYWIDE PARTNERS.
HOUSING ACCESS AND STABILITY SERVICES IS A RAPID REHOUSING PROGRAM THAT FOCUSES ON CONNECTING SURVIVORS TO PERMANENT HOUSING AS QUICKLY AND SAFELY AS POSSIBLE. THE GOAL IS TO PREVENT OR SHORTEN STAYS...
HOUSING ACCESS AND STABILITY SERVICES IS A RAPID REHOUSING PROGRAM THAT FOCUSES ON CONNECTING SURVIVORS TO PERMANENT HOUSING AS QUICKLY AND SAFELY AS POSSIBLE. THE GOAL IS TO PREVENT OR SHORTEN STAYS IN NEW YORK CITY'S HOMELESS SHELTER SYSTEMS. CLIENTS RECEIVE REFERRALS TO UNITS IN AREAS SELF-IDENTIFIED AS SAFE. THEY ALSO RECEIVE HANDS-ON SUPPORT TO SECURE THE UNIT INCLUDING ASSISTANCE WITH THE LEASING AND MOVING PROCESS. THE PROGRAM ALSO OFFERS SHORT TERM RENTAL ASSISTANCE, FINANCIAL COACHING, SUPPORTIVE SERVICES SUCH AS CHILDCARE, TRANSPORTATION ASSISTANCE, LICENSING FEES, AND REFERRALS FOR TRAINING AND MENTAL HEALTH NEEDS. THE TEAM ROUNDS OUT SERVICES BY PROVIDING HOUSING TRAINING AND TECHNICAL ASSISTANCE TO DOMESTIC VIOLENCE SURVIVORS AND THEIR ADVOCATES.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $19,752,905 | $10,789,755 | +0.8% |
| Expenses | $15,005,232 | $10,731,611 | +0.4% |
| Net Income | $4,747,673 | $58,144 | +80.7% |
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 |
|---|---|---|---|---|---|---|
| NICOLE FIRMENT | CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| VAUGHN BURKE LE DUC SAFAROV | VICE CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| BLANCA J RAMIREZ | 2ND VICE CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| PAULA M SARRO | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| RACHEL E MILLER | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| LANE N ADDONIZIO | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SARAH BLAS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ELAINE CALOS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JESSIE M GABRIEL | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ERIN GALLIGAN | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| BENJAMIN ISREAL | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JUDI KENDE | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| NORA LEVINSON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JILL MARKOWITZ | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| PAULETTA PEREZ | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| CATHY PENNINGTON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JONATHAN SAMON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| HADRIAN A TUCKER | DIRECTOR, THRU DEC. 2024 | 0.50 |
Director
|
$0 | $0 | $0 |
| NICOLE BRANCA | CHIEF EXECUTIVE OFFICER | 35.00 |
Officer
|
$177,851 | $24,906 | $202,757 |
| BRENDA TONG | DEP. EXEC. DIR, THRU JULY 2024 | 35.00 |
Officer
|
$81,512 | $9,996 | $91,508 |
| JOSEPH KAZINDUKA | CFO, THRU MAY 2025 | 35.00 |
Officer
|
$133,475 | $7,347 | $140,822 |
| NANDA WIN | CFO/VP OF ADMIN AS OF MAY 2025 | 35.00 |
Officer
|
$0 | $0 | $0 |
| NICHOLAS LUNDGREN | GENERAL COUNSEL | 35.00 |
Highest
|
$152,635 | $8,509 | $161,144 |
| RICHARD CONLEY | SENIOR DIR. OF REAL ESTATE | 35.00 |
Highest
|
$138,030 | $4,502 | $142,532 |
| YUQING WANG | CONTROLLER | 35.00 |
Highest
|
$106,716 | $21,382 | $128,098 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $19,752,905 | $15,005,232 | $21,878,540 | $4,747,673 |
| 2024 | $10,789,755 | $10,731,611 | $16,061,459 | $58,144 |
| 2024 | $10,789,755 | $10,731,611 | $16,061,459 | $58,144 |
| 2023 | $10,782,857 | $10,211,453 | $15,889,464 | $571,404 |
| 2022 | $6,433,594 | $6,467,419 | $14,258,053 | $-33,825 |
| 2021 | $6,998,544 | $4,033,929 | $14,260,326 | $2,964,615 |
| 2020 | $2,844,044 | $3,099,714 | $11,293,009 | $-255,670 |
| 2019 | $4,838,111 | $2,593,853 | $11,032,067 | $2,244,258 |
| 2018 | $2,367,265 | $2,074,933 | $6,119,374 | $292,332 |
Compare NEW DESTINY HOUSING CORPORATION with other nonprofits in New York and across the country.