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Nonprofit · EIN 85-1207604

NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC

Tax-exempt · CAPITOLA, CA 95010

Financials

$10.3M$3M2023$12.9M$5.1M2024
Revenue Expenses · by fiscal year end
Financials of NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$12,935,994$5,060,806$7,875,188$45,754,879$30,355,100$15,399,779
June 30, 2024990$10,319,828$2,952,537$7,367,291$45,527,066$17,060,679$28,466,387
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$550,000
of which government grants
$550,000
Program service revenue
$11,037,794
Investment income
$1,348,200
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$29,349
Accounting fees
$36,790
Occupancy
$487,332
Travel
$8,428
Depreciation
$386,726
Program services (functional)
$2,895,448
Management and general (functional)
$2,165,358

Balance sheet and other

Total assets, start of year
$45,527,066
Total assets, end of year
$45,754,879
Total liabilities, end of year
$30,355,100
Net assets, end of year
$15,399,779
Land, buildings and equipment
$21,801,364
Net assets without donor restrictions
$15,399,779
Gross receipts
$12,935,994
Employees
0
Volunteers
0
Year formed
2019
State of legal domicile
CA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
JENNIFER PANETTAEXECUTIVE DIRECTOR
Trustee or director, Officer
1$0$299,752
AARON POMEROYFINANCE DIRECTOR
Trustee or director, Officer
1$0$124,913
MARSHALL CROCKETTFINANCE DIRECTOR
Trustee or director
1$0$46,376
ANDY SCHIFFRINCOMMISSIONER
Trustee or director
1$0$0
CAROL BERGCOMMISSIONER
Trustee or director
1$0$0
ANNETTE MELENDREZVICE CHAIRPERSON
Trustee or director
1$0$0
LIGAYA ELIGIOCOMMISSIONER
Trustee or director
1$0$0
RICHARD SCHMALECOMMISSIONER
Trustee or director
1$0$0
PROVIDENCE MARTINEZ ALANIZCHAIRPERSON
Trustee or director
1$0$0
SILVIA MORALESCOMMISSIONER
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensationFrom related orgs
JENNIFER PANETTAEXECUTIVE DIRECTOR
Trustee or director, Officer
1$0$284,412
AARON POMEROYFINANCE DIRECTOR
Trustee or director, Officer
1$0$207,377
ANDY SCHIFFRINCOMMISSIONER
Trustee or director
1$0$0
CAROL BERGCOMMISSIONER
Trustee or director
1$0$0
ANNETTE MELENDREZVICE CHAIRPERSON
Trustee or director
1$0$0
LIGAYA ELIGIOCOMMISSIONER
Trustee or director
1$0$0
RICHARD SCHMALECOMMISSIONER
Trustee or director
1$0$0
PROVIDENCE MARTINEZ ALANIZCHAIRPERSON
Trustee or director
1$0$0
SILVIA MORALESCOMMISSIONER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2160 41ST AVE, CAPITOLA, CA 95010-2009
In care of
% FINANCE DIRECTOR
Principal officer (990 for 2024)
JENNIFER PANETTA, 2160 41ST AVENUE, CAPITOLA, CA 95010
Signed the 990
JENNIFER PANETTA, EXECUTIVE DIRECTOR
Phone
(831) 454-5908
Return prepared by
NOVOGRADAC AND COMPANY LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 85-1207604 or by the name NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO ACQUIRE, PROVIDE, DEVELOP, FINANCE, REHABILITATE, OWN AND OPERATE DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOUSEHOLDS OF LOW INCOME.

990 for the year ended June 30, 2025

Program accomplishments

  • TO PROVIDE AFFORDABLE HOUSING TO PERSONS AND HOUSEHOLDS OF LOW INCOME.
    Expenses $2,895,448 · revenue $11,037,794

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
85-1207604
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2020
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$45,754,879
Income (IRS master file)
$12,935,994

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$12,935,994$5,060,806$45,754,879XML
990June 2024$10,319,828$2,952,537$45,527,066XML
990June 2023$8,304,261$2,601,533$22,256,941IRS
990June 2022$8,342,325$2,349,570$16,155,960IRS
990June 2021–––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 85-1207604).

Questions about NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC

What is the EIN of NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC?
The employer identification number (EIN) of NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC is 85-1207604.
Is NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT 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 HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC?
The 990 for the year ended June 30, 2025 names JENNIFER PANETTA.
Who are the officers and directors of NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does NEW HORIZONS AFFORDABLE HOUSING AND DEVELOPMENT INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $12,935,994, expenses of $5,060,806 and total assets of $45,754,879 at year end.

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