Paterson, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW DESTINY COMMUNITY DEVELOPMENT CORPORATION, founded in 2004, is a micro nonprofit in the Youth Development sector that reported $36K in total revenue in fiscal year 2023.
To provide employment readiness services, life skills, case management services and career coaching services to residents of Paterson Housing Authority developments: The Heritage at Alexander Hamilton and Riverside Terrace. Extend One-Stop Career services to hard-to-reach populations at Housing Development sites during weeknight hours. Serve youth (ages 5-12) of the Paterson Housing Authority with after school enrichment activities, including character education, homework help and tutorial services.
New Destiny continued to provide Social Service Support to more than 150 families residing in the The Heritage Housing Development. Highlights of accomplishments at the Heritage included healthy...
New Destiny continued to provide Social Service Support to more than 150 families residing in the The Heritage Housing Development. Highlights of accomplishments at the Heritage included healthy living activities through nutritional awareness and plant based cooking using ethnic recipes, a community gardening activity, Neighborhood Night Out Activity, financial literacy training sessions provided by local banks, health screenings in partnership with local HMOs just to name a few.
We served over 150 families providing needed referrals for rental assistance, utility assistance, food referrals and school supply needl
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $36,298 | $38,070 | 0.0% |
| Expenses | $35,542 | $44,681 | -0.2% |
| Net Income | $756 | $-6,611 | -1.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Daira De La Pena | Supportive Services Manager | 15 |
Key Emp
|
$15,700 | $0 | $15,700 |
| Carolyn McCombs | President | 4 |
Officer
|
$7,000 | $0 | $7,000 |
| Victoria McConnell | Advisory Board Volunteer | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $36,298 | $35,542 | $756 | $756 |
| 2023 | $38,070 | $44,681 | $-1,707 | $-6,611 |
| 2022 | $45,160 | $39,750 | $4,904 | $5,410 |
Compare NEW DESTINY COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in New Jersey and across the country.