NEW DESTINY COMMUNITY DEVELOPMENT CORPORATION (EIN 030518951) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Carolyn McCombs

Phone

9739790230

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

To provide family support services, financial literacy, health awareness and social services referrals and employment readiness services, life skills, case management services to residents of The Heritage at Alexander Hamilton. Extend services of the Family Success Center to residents at Housing Development sites during weekend and weeknight hours. Serve youth, seniors and families with enrichment activities, including character education, homework help and tutorial services for youth.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,298

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $36,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,840

Fundraising Expenses $0

Program Expenses $35,542

Other Expenses $5,702

TOTAL EXPENSES $35,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,298	$38,070	0.0%
Expenses	$35,542	$44,681	-0.2%
Net Income	$756	$-6,611	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$7,000

Total Directors

Key Employees

$15,700

Highest Compensated

reported

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

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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

NEW DESTINY COMMUNITY DEVELOPMENT CORPORATION