Nonprofit · EIN 81-2550940
NEW BEGINNING FOR SPECIAL NEEDS INC
Tax-exempt · NORWOOD, NJ 07648
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $792,046 | $630,729 | $161,317 | $748,247 | $381,621 | $366,626 |
| December 31, 2024 | 990 | $631,679 | $575,810 | $55,869 | $348,063 | $142,754 | $205,309 |
| December 31, 2023 | 990 (amended) | $507,983 | $415,659 | $92,324 | $345,675 | $196,235 | $149,440 |
| December 31, 2023 | 990-EZ | $0 | – | – | $0 | – | $57,116 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $54,505
- Program service revenue
- $733,732
- Investment income
- $2,649
- Other revenue
- $1,160
Expenses
- Grants and similar amounts paid
- $1,418
- Compensation of officers, directors and key employees
- $2,025
- Other salaries and wages
- $319,595
- Salaries, compensation and benefits (total)
- $360,750
- Professional fundraising fees
- $0
- Accounting fees
- $11,020
- Depreciation
- $12,759
- Program services (functional)
- $576,415
- Management and general (functional)
- $54,314
Balance sheet and other
- Total assets, start of year
- $348,063
- Total assets, end of year
- $748,247
- Total liabilities, end of year
- $381,621
- Net assets, end of year
- $366,626
- Land, buildings and equipment
- $42,547
- Net assets without donor restrictions
- $366,626
- Gross receipts
- $792,046
- Employees
- 8
- Volunteers
- 19
- Year formed
- 2016
- State of legal domicile
- NJ
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julia Park | Director Trustee or director, Officer | 30 | $2,025 |
| Haejoong Chang | President Trustee or director, Officer | 25 | $0 |
| Yong Kim | Trustee Trustee or director | 0 | $0 |
| Ahjn Lee | Secretary Trustee or director, Officer | 5 | $0 |
| James Lee | Trustee Trustee or director | 0 | $0 |
| Sang-joon Kim | Trustee Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Haejoong Chang | President Trustee or director, Officer | 25 | $0 |
| Yong Kim | Trustee Trustee or director | 0 | $0 |
| Ahjn Lee | Secretary Trustee or director, Officer | 5 | $0 |
| James Lee | Trustee Trustee or director | 0 | $0 |
| Julia Park | Director Trustee or director, Officer | 30 | $0 |
| Sang-joon Kim | Trustee Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Haejoong Chang | President Trustee or director, Officer | 25 | $0 |
| Yong Kim | Trustee Trustee or director | 0 | $0 |
| Ahjn Lee | Secretary Trustee or director, Officer | 5 | $0 |
| James Lee | Trustee Trustee or director | 0 | $0 |
| Julia Park | Director Trustee or director, Officer | 30 | $0 |
| Sang-joon Kim | Trustee Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Haejoong Chang | President | 25 | $0 |
| Yong Kim | Trustee | 0 | $0 |
| Ahjn Lee | Secretary | 5 | $0 |
| James Lee | Trustee | 0 | $0 |
| Julia Park | Director | 30 | $0 |
| Sang-joon Kim | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 535 WALNUT ST, NORWOOD, NJ 07648-1318
- Principal officer (990 for 2025)
- Ricardo Paredes
- Signed the 990
- Ricardo Paredes, Director
- Phone
- (201) 328-4566
- Return prepared by
- Carper Associates LTD
Mission
Organization provides special-needs individuals with services and tools that can promote independence while creating stronger ties to our communities.
Program accomplishments
- The New Day program provides special-needs individuals with services and tools that can promote independence while creating stronger ties to our communities through pre-vocational training, as well as fitness, and leisure activities, 5 days a week for 6 hours a day.Expenses $576,415
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2550940
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $748,247
- Income (IRS master file)
- $792,046
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $792,046 | $630,729 | $748,247 | XML |
| 990 | December 2024 | $631,679 | $575,810 | $348,063 | IRS |
| 990 | December 2023 | $507,983 | $415,659 | $345,675 | XML |
| 990-EZ | December 2023 | $0 | $0 | $0 | XML |
| 990 | December 2022 | $361,719 | $333,696 | $68,711 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 81-2550940).
Questions about NEW BEGINNING FOR SPECIAL NEEDS INC
- What is the EIN of NEW BEGINNING FOR SPECIAL NEEDS INC?
- The employer identification number (EIN) of NEW BEGINNING FOR SPECIAL NEEDS INC is 81-2550940.
- Is NEW BEGINNING FOR SPECIAL NEEDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to NEW BEGINNING FOR SPECIAL NEEDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW BEGINNING FOR SPECIAL NEEDS 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 BEGINNING FOR SPECIAL NEEDS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW BEGINNING FOR SPECIAL NEEDS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW BEGINNING FOR SPECIAL NEEDS INC?
- The 990 for the year ended December 31, 2025 names Ricardo Paredes.
- Who are the officers and directors of NEW BEGINNING FOR SPECIAL NEEDS INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $2,025 (Julia Park, Director).
- How much revenue does NEW BEGINNING FOR SPECIAL NEEDS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $792,046, expenses of $630,729 and total assets of $748,247 at year end.
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