Overview

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Est.

1995

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Worcester New Horizons Inc, operating under RCAP Solutions Inc, is a nonprofit organization focused on public housing in Worcester, MA. With an operating budget of $779.4K and total revenue of $819.8K for the 2024 filing year, its mission is to acquire, construct, rehabilitate, and operate 34 units of affordable residential housing specifically designed for handicapped individuals. The organization does not rely on a single funder for 50% or more of its revenue.

Mission Statement

TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 34 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR HANDICAPPED PERSONS IN WORCESTER, MA.
Revenues
$819.8K
Expenses
$779.4K
Net Income:
+$40.3K
Assets
$1.1M
Liabilities
$1.7M
Net Assets:
-$556.9K
Operating Budget
$779.4K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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D
Donald E Bradway
Board Member
M
Michael Kennedy
Board Member
S
Stephen D Stolberg
Board Member

Frequently Asked Questions

What is WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC’s budget?
In 2024, WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC reported an annual operating budget of around $779 thousand. More detailed financial information is available to registered users.
What causes does WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC support?
WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC supports work in Public housing.
Where does WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC operate?
WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC is headquartered in WORCESTER, MA.
What is WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC’s reliance on government grants?
WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC relied on government grants for more than 80% of their total revenue in 2024.