Mission
TO ACQUIRE, PROVIDE, DEVELOP, FINANCE, REHABILITATE, OWN AND OPERATE DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOUSEHOLDS OF LOW INCOME.
Public Charity
NEW HORIZONS AFFORDABLE HOUSING & DEVELOPMENT INC
NEW HORIZONS AFFORDABLE HOUSING & DEVELOPMENT INC is a Public Charity headquartered in CAPITOLA, CA. Financial data from the 2025 filing: $12.9M revenue, $5.1M expenses, $45.8M total assets.
EIN: 851207604
CAPITOLA, CA
Low-Income & Subsidized Rental Housing
NTEE: L21
Latest filing: 2025
Total Revenue$12.9M
Total Expenses$5.1M
Total Assets$45.8M
Grant Records0
Filing Years2021–2025
Where $100 goes at New Horizons Affordable Housing & Development Inc
How New Horizons Affordable Housing & Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$59
Programs
the work itself
$41
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $59 for programs
$59
To provide affordable housing to persons and households of low income
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
FINANCE DIRECTOR
Aaron Pomeroy
COMMISSIONER
Andy Schiffrin
VICE CHAIRPERSON
Annette Melendrez
COMMISSIONER
Carol Berg
EXECUTIVE DIRECTOR
Jennifer Panetta
COMMISSIONER
Ligaya Eligio
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $12.9M | $5.1M | $45.8M |
| 2024 | $10.3M | $3.0M | $45.5M |
| 2023 | $8.3M | $2.6M | $22.3M |
| 2022 | $8.3M | $2.3M | $16.2M |
| 2021 | $4.1M | $1.2M | $10.2M |
Between 2021 and 2025, reported annual revenue grew from $4.1M to $12.9M (+216%), with total assets most recently reported at $45.8M.
Interactive year-over-year charts and full filing details available with membership.