Kentucky · Nonprofit
NEW DIRECTIONS HOUSING CORPORATION
NEW DIRECTIONS HOUSING CORPORATION (Kentucky) receives grants from 39 organizations whose IRS filings report $9,447,615 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($3,213,217). 24 of them have funded it in more than one year.
- Revenue FY2025
- $13M
- Funders on record
- 39
- Grants received
- $9.4M
- Net assets
- $23M
What New Directions Housing Corporation does
Mission
New directions creates and preserves homes, fosters community stability and supports families on their path to economic success.
As stated on its FY2025 Form 990.
Programs
Rental properties - provide shelter and site-based social and educational services to aid low-income individuals. New directions connects residents to the resources they need to meet their goals in life, including social services, youth programming, coaching, and group informational sessions.
$4,794,860 spent$4,808,135 earned by the program37% of program spendingAsset and property management - maintain and preserve rental housing to help low-income households. New directions provides clean, safe, affordable, quality housing for more than 821 families and 1,363 individuals of low income, including children and seniors, in our community's most economically disadvantaged neighborhoods.
$3,103,716 spent$2,723,802 earned by the program24% of program spendingHome ownership preservation - increase and preserve affordable housing, primarily in louisville's west end neighborhoods. New directions mobilizes community-wide resources and had 1,154 volunteers this fiscal year to assist low to moderate income seniors and disabled homeowners with essential home repairs. In addition, we provide low to moderate income homeowners with larger home repair opportunities through low-interest or forgivable loans to prevent and combat the issue of vacant and abandoned properties in our city.
$4,210,045 spent32% of program spendingResident services, real estate development, community building and engagement, and early childhood development.
$994,859 spent8% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $13,103,480.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $26M to $34M (+28%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 18% · 2018 12% · 2019 16% · 2020 6% · 2021 8% · 2022 1% · 2023 5% · 2024 15% · 2025 21%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Lori Flanery
President/CEO
Board chair
Kurt Mason
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 8 funders to 13 funders, grant income rose $410k → $1.3M.
7 of 39 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 4% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW DIRECTIONS HOUSING CORPORATION’s funders (the co-funder graph). Top 30 of 39 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW DIRECTIONS HOUSING CORPORATION has a broad base — no single funder exceeds 34% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
61% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEW DIRECTIONS HOUSING CORPORATION.
Largest funder’s share by year: 2017 58% · 2018 61% · 2019 35% · 2020 35% · 2021 37% · 2022 29% · 2023 33% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
36% of NEW DIRECTIONS HOUSING CORPORATION's funders are still giving 3 years after their first grant; 62% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
50% of NEW DIRECTIONS HOUSING CORPORATION's grant income comes from Kentucky funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $375k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding NEW DIRECTIONS HOUSING CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.2M on record.
- Department of Housing and Urban Development$1.2M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEW DIRECTIONS HOUSING CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
85%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 24 related entities
- Brandeis Apts LLC · disregarded
- Directions Apartments LLC · disregarded
- Ndhc Development LLC · disregarded
- New Directions Housing Development LLC · disregarded
- New Directions Portland LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for NEW DIRECTIONS HOUSING CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW DIRECTIONS HOUSING CORPORATION?
- NEW DIRECTIONS HOUSING CORPORATION (Kentucky) receives grants from 39 organizations whose IRS filings report $9,447,615 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($3,213,217). 24 of them have funded it in more than one year.
- How many funders does NEW DIRECTIONS HOUSING CORPORATION have?
- IRS filings report 39 organizations giving $9,447,615 in grants to NEW DIRECTIONS HOUSING CORPORATION, 24 of which have funded it in more than one year.
- Who is the largest funder of NEW DIRECTIONS HOUSING CORPORATION?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $3,213,217 in grants. The full list of funders is on this page.
- How can an organization like NEW DIRECTIONS HOUSING CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds New Directions Housing →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 39 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing