NEW HAVEN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW REACH INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $9.8M in total revenue in fiscal year 2024.
NEW REACH'S MISSION IS TO INSPIRE LASTING INDEPENDENCE FOR ALL PEOPLE AFFECTED BY HOMELESSNESS AND POVERTY THROUGH A CONTINUUM OF HOUSING AND SUPPORT USING THE MOST INNOVATIVE METHODS. SUSTAINING A FIDELITY TO THIS MISSON HELPS US IN REACHING OUR GOAL TO END HOMELESSNESS, WHICH TRANSLATES TO MAKING IT RARE, BRIEF, AND ONE-TIME.
WITH REGARD TO PREVENTION, NEW REACH'S HIGH-QUALITY AND COLLABORTIVE EVICTION PREVENTION SERVICES HELP LOW-INCOME HOUSEHOLDS TO AVERT EVICTION AND ANY ASSOCIATED TRAUMA, TO BUILD STRONG SUPPORT...
WITH REGARD TO PREVENTION, NEW REACH'S HIGH-QUALITY AND COLLABORTIVE EVICTION PREVENTION SERVICES HELP LOW-INCOME HOUSEHOLDS TO AVERT EVICTION AND ANY ASSOCIATED TRAUMA, TO BUILD STRONG SUPPORT SYSTEMS, AND ULTIMATELY MAKE HOMELESSNESS RARE. NEW REACH'S CASE MANAGEMENT SERVICES ARE STRENGTHS-BASED, PERSON-CENTERED, AND USING THE MOST PROGRESSIVE EVIDENCE-BASED PRACTICES THAT PROMOTE CLIENT CHOICE, LONG-TERM INDEPENDENCE, AND HOUSING STABILITY.
UNDER NEW REACH'S CRISIS SERVICES UMBRELLA, THE AIM IS TO MAKE HOMELESSNESS BREIF. NEW REACH'S SERVICES IN THE FOLLOWING PROGRAMS USE AN EVIDENCE-BASED PRACTICE TO ACCOMPLISH THIS. THE EMERGENCY...
UNDER NEW REACH'S CRISIS SERVICES UMBRELLA, THE AIM IS TO MAKE HOMELESSNESS BREIF. NEW REACH'S SERVICES IN THE FOLLOWING PROGRAMS USE AN EVIDENCE-BASED PRACTICE TO ACCOMPLISH THIS. THE EMERGENCY SHELTER PROGRAM (ESP) HAS THE CAPACITY TO SERVE 23 WOMEN WITH CHILDREN AND 18 INDIVIDUAL WOMEN EVERY DAY (24/7) WHO HAVE EXPERIENCED HOMELESSNESS BY PROVIDING TWO SAFE, SECURE, AND SUPPORTIVE PLACES TO STAY. THE RESIDENCES ARE LOCATED IN NEW HAVEN, CT AND SERVE GUESTS FROM THE GREATER NEW HAVEN REGION. ESP GUESTS HAVE ACCESS TO ONSITE CASE MANAGEMENT, DONATED FOOD, A KITCHEN, LAUNDRY APPLIANCES, A COMPUTER LAB, HYGIENE ESSENTIALS, DIAPERS, CLOTHING, AND FURNITURE UPON EXIT. THE AGENCY'S RAPID REHOUSING PROGRAM PROVIDES RENTAL ASSISTANCE ALONG WITH THE DELIVERY OF SHORT-TERM CASE MANAGEMENT. SERVICES TO AT-RISK RESIDENTS WHO HAVE EXPERIENCED HOMELESSNESS VREIF, NEW REACH'S INTERGRATED CASE PROGRAM (ICP) IS A COLLABORTIVE EFFORT WITH YALE NEW HAVEN HOSPITAL THAT SERVES WOMEN WHO ARE HOMELESS, HAVE CO-OCCURRING DISORDERS, AND A HIGH HOSPITAL UTILIZATION. THE ICP TEAM IS PROFITCIENT IN HELPING CLIENTS CONNECT WITH INNOVATIVE HOUSING OPTIONS AND SUPPORTIVE SERVICES THAT BEST MEET THEIR UNIQUE NEEDS. THE FURNITURE CO-OP HELPS THOSE EXITING HOMELESSNESS TO MAKE THIER HOUSING A HOME BY DELIEVERING GENTLY USED FURNISHINGS. CASE MANAGEMENT IN ALL PROGRAMS CONNECTS GUESTS TO NEEDED SERVICES AND RESOURCES LIKE HOUSING, ENTITLEMENTS, EMPLOYMENT, EDUCATION, FINANCIAL COUNSELING, HEALTHCARE, CHILDCARE, AND OTHER RESOURCES.
UNDER THE HOUSING UNBRELLA, NEW REACH'S SUPPORTIVE HOUSING PROGRAM (PSH) BENEFITS THOSE WHO HAVE EXPERIENCED HOMELESSNESS OR WERE AT RISK OF BECOMING HOMELESS BY COUPLING HOUSING SUBSIDIES WITH...
UNDER THE HOUSING UNBRELLA, NEW REACH'S SUPPORTIVE HOUSING PROGRAM (PSH) BENEFITS THOSE WHO HAVE EXPERIENCED HOMELESSNESS OR WERE AT RISK OF BECOMING HOMELESS BY COUPLING HOUSING SUBSIDIES WITH ONGOING CASE MANAGEMENT SERVICES AND SUPPORTS DESIGNED TO ACHIEVE LONG-TERM STABILIZATION MAKING HOMELESSNESS ONE-TIME. WELL-TRAINED IN MULTIPLE EVIDENCE-BASED PRACTICES, PSH STAFF FOSTER INDEPENDENCE WHILE MEETING THE INDIVIDUAL NEEDS OF HOUSHOLD SERVED.
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 | $9,804,245 | $9,839,132 | 0.0% |
| Expenses | $9,600,787 | $10,910,539 | -0.1% |
| Net Income | $203,458 | $-1,071,407 | -1.2% |
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 |
|---|---|---|---|---|---|---|
| FREDERICK LEAF ESQ | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AISHIA BELLO | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD SIMON | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHALONTA FORD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUNNY NARIYANI | BOARD MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIE DOW | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA COURTMANCHE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE GLASSMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIA HUNT BOGARDUS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DWAYNE HICKS | BOARD MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHABLIS STEHENS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY VALENTINO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAYAL KHANDHEDIA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLYANN DAY | CEO | 49.00 |
Officer
Director
|
$195,726 | $5,546 | $201,272 |
| NICOLE BARNOFSKI | CPO | 39.00 |
Highest
|
$150,000 | $0 | $150,000 |
| MEREDITH CLAY | CHIEF QUALITY AND COMPLIAN | 39.00 |
Highest
|
$150,000 | $0 | $150,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,804,245 | $9,600,787 | $20,108,459 | $203,458 |
| 2024 | $9,839,132 | $10,910,539 | $20,079,821 | $-1,071,407 |
| 2023 | $8,820,910 | $9,711,142 | $20,670,916 | $-890,232 |
| 2022 | $7,538,038 | $8,223,825 | $19,062,016 | $-685,787 |
| 2021 | $8,454,428 | $7,425,944 | $19,348,639 | $1,028,484 |
| 2020 | $7,718,696 | $6,637,069 | $18,989,807 | $1,081,627 |
| 2019 | $6,268,645 | $6,290,723 | $15,791,539 | $-22,078 |
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