LHousing & ShelterEIN: 261183704· Ruling Year: 2007

New Way Group Home

Ventura, California

B+Health Score
72B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

💰
$2.7M
Total Revenue
📊
$2.3M
Total Expenses
🏦
$1.1M
Net Assets
📋
$128K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+49.1%
Year-over-year change (2022 → 2023)
Net Margin
+13.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.46
Net assets divided by total expenses
Liabilities-to-Assets
10.7%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,695,19449%$2,338,00625%$1,201,02243%
2022$1,807,2639%$1,872,96710%$841,3051%
2021$1,985,10013%$1,710,21412%$849,50056%
2020$1,755,48725%$1,522,5039%$545,27184%
2019$1,401,8854%$1,402,9955%$296,6951%
2018$1,350,0785%$1,330,7482%$299,64831%
2017$1,291,3424%$1,354,0349%$229,36725%
2016$1,239,2103%$1,236,8872%$304,90330%
2015$1,201,2161%$1,216,3901%$233,6738%
2014$1,209,8728%$1,232,2688%$255,2526%
2013$1,117,5154%$1,137,327$272,9806%
2012$1,072,57618%$1,132,71336%$291,30910%
2011$906,554$831,227$324,440

Frequently Asked Questions

What does New Way Group Home do?

New Way Group Home is a housing & shelter nonprofit organization based in California. It is classified under NTEE code L21 and is registered as a 501(c) tax-exempt organization with the IRS.

Is New Way Group Home financially healthy?

Based on our 9-metric Financial Health Score model, New Way Group Home has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does New Way Group Home generate?

New Way Group Home reports $3.1M in annual revenue and holds $1.5M in total assets, based on IRS filings.

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