New Directions
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
New Directions meets the 20 Standards for Charity Accountability.
Stated Purpose:
New Directions creates and preserves homes, fosters community stability, and supports families on their path to economic success.
Year, State Incorporated:
1971, KY
Also Known As:
New Directions Housing Corporation
Since 1971, New Directions has been dedicated to helping those in the community struggling at the poverty level. Through rental housing, home-repair, and real estate development programs, it transforms lives for the better and strengthens local communities, including Louisville, Kentucky, and Indianas Floyd and Clark counties. Its vision is for everyone to have a warm and safe place to call home where they can stay healthy and independent. This is accomplished by providing affordable apartments, helping seniors with free home repairs that allow them to stay in their homes, helping individuals become financially independent, and providing access to early childhood education.
For the year ended June 30, 2024, New Directions's program expenses were:
| Rental properties | $5,203,827 |
| Home ownership preservation | $4,272,439 |
| Asset and property management | $2,738,052 |
| Early childhood development | $1,499,119 |
| Resident services | $618,339 |
| Real estate development | $210,794 |
| Total Program Expenses | $14,542,570 |
Chief Executive
Bridgette Johnson, President and CEO
Chair of the Board
Kurt Mason
Chair's Profession / Business Affiliation
Retired, Urban Conservationist for Kentucky, USDA Natural Resources Conservation Service
Board Size
21
Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Internet, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Membership appeals
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on New Directions's audited financial statements - consolidated for the year ended June 30, 2024.
Source of Funds
| Contributions and grants | $7,020,936 |
| Rent and rental assistance, net | $5,052,848 |
| Housing development and home sales | $4,524,555 |
| Interest income | $881,663 |
| Maintenance fees and tenant charges | $747,808 |
| Program services | $562,814 |
| Property management and incentive fees | $562,569 |
| Miscellaneous | $78,347 |
| Forgiveness of debt | $16,474 |
| Net gain (loss) on disposal of assets | $-56,247 |
| Net loss from investments in limited parterships | $-192,529 |
| Total Income | $19,199,238 |
Programs: 90% Fundraising: 2% Administrative: 8%
| Total Income | $19,199,238 |
| Total expenses: | $16,119,703 |
| Program expenses | $14,542,570 |
| Fundraising expenses | $260,214 |
| Administrative expenses | $1,316,919 |
| Other expenses | $0 |
| Income in Excess of Expenses | $3,079,535 |
| Beginning Net Assets | $21,808,173 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $24,887,708 |
| Total Liabilities | $15,403,232 |
| Total Assets | $40,290,940 |
Total assets as reported above include $13,365,698 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana