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Nonprofit · EIN 37-2040108

NEW CHANCE INC

Tax-exempt · ANCHORAGE, AK 99515

Financials

$716K$546K2023$1.6M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of NEW CHANCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,636,292$1,497,777$138,515$596,497$287,239$309,258
December 31, 2023990$716,422$545,679$170,743$505,388$334,645$170,743
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,380,582
of which government grants
$1,249,500
Program service revenue
$255,650
Investment income
$60
Other revenue
$0

Expenses

Grants and similar amounts paid
$855,623
Compensation of officers, directors and key employees
$101,887
Other salaries and wages
$291,054
Salaries, compensation and benefits (total)
$434,137
Professional fundraising fees
$0
Legal fees
$160
Accounting fees
$120,348
Occupancy
$12,740
Travel
$11,762
Depreciation
$1,333
Program services (functional)
$1,492,387
Management and general (functional)
$5,390

Balance sheet and other

Total assets, start of year
$505,388
Total assets, end of year
$596,497
Total liabilities, end of year
$287,239
Net assets, end of year
$309,258
Land, buildings and equipment
$1,778
Net assets without donor restrictions
$309,258
Gross receipts
$1,636,292
Employees
10
Volunteers
60
Year formed
2023
State of legal domicile
AK

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Zoryana OpanasevychExecutive Dir.
Officer
40$101,887
Yurii TarankovPresident
Trustee or director, Officer
0$0
Dimitry VakulichVice President
Trustee or director, Officer
0$0
Taras IlnitskiySecretary
Trustee or director, Officer
0$0
Shane EngelTreasurer
Trustee or director, Officer
0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Zoryana OpanasevychExecutive Dir.
Officer
40$102,931
Yurii TarankovPresident
Trustee or director, Officer
0$0
Dimitry VakulichVice President
Trustee or director, Officer
0$0
Taras IlnitskiySecretary
Trustee or director, Officer
0$0
Shane EngelTreasurer
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
1120 HUFFMAN RD STE 24 PMB 570, ANCHORAGE, AK 99515-3516
Principal officer (990 for 2024)
Zori Opanasevych
Signed the 990
Zori Opanasevych, Executive Director
Phone
(907) 980-0835
Return prepared by
ALTMAN ROGERS & CO

Mission

Our mission is to provide relief and support to refugees in Alaska, helping individuals and families displaced by conflict to successfully resettle, achieve self-sufficiency, and thrive in their new communities.

990 for the year ended December 31, 2024

Program accomplishments

  • Alaska Housing Finance Corporation - Stabilization Program. In this program we served 427 clients with 12 months of rent assistance, fund for basic life necessities, navigation through new systems such as doctor appointments, school enrollments for kids, immigration needs, life event changes, and the overall whole person support.
    Expenses $964,915 · grants $800,507
  • Through a partnership with Church World Service, New Chance Inc. implements the United States Reception and Placement (USRP) Program to welcome newly arriving refugees to Alaska. The program provides comprehensive support during their initial 90 days in the U.S., including airport reception, housing preparation, cultural orientation, and community & employment connections. In 2024, New Chance Inc. welcomed and assisted 42 individuals through this program, helping them begin their journey toward stability and self-sufficiency in Alaska.
    Expenses $277,228 · grants $55,116
  • CSS - Job Readiness - This grant supported the development and statewide delivery of a virtual Job Readiness curriculum to help refugees and humanitarian parolees prepare for employment in Alaska. The curriculum was written and instructed in 2024. Through this program, New Chance Inc. exceeded its outcome goals, serving more than 70 participants through online classes focused on job search skills, resume building, and workforce integration. As clients learn job readiness skills, they also naturally improve their English through practical, work-related communication and interactive lessons.
    Expenses $159,824 · revenue $165,202
  • CSS - Education & Employment Program serving 323 clients in completing job assessment, writing resumes, job searches and interview assistance, job coaching, interview interpretations, onboarding support to client and employers, as well as check-ins after employment. To complete this work, our team works hard on networking and connecting clients with welcoming employers.
    Expenses $90,420 · revenue $90,448

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-2040108
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$596,497
Income (IRS master file)
$1,636,292

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,636,292$1,497,777$596,497XML
990December 2023$716,422$545,679$505,388XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-2040108).

Questions about NEW CHANCE INC

What is the EIN of NEW CHANCE INC?
The employer identification number (EIN) of NEW CHANCE INC is 37-2040108.
Is NEW CHANCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to NEW CHANCE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW CHANCE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEW CHANCE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW CHANCE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW CHANCE INC?
The 990 for the year ended December 31, 2024 names Zori Opanasevych.
Who are the officers and directors of NEW CHANCE INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $101,887 (Zoryana Opanasevych, Executive Dir.).
How much revenue does NEW CHANCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,636,292, expenses of $1,497,777 and total assets of $596,497 at year end.

Other nonprofits in ANCHORAGE

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