Newton Highlands Community Develop… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

John Rice

Phone

6175274933

Tax Period

2023-01-01 to 2023-12-31

Newton Highlands Community Development Corporation, founded in 1979, is a small nonprofit in the Human Services sector that reported $281K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $258K left a modest 8% surplus.

Mission

Community Activities

Program Service Accomplishments

Program 1

Expenses: $211,375 Revenue: $227,615

GYM USER RENTALS FOR ATHLETICS, CHILDRENS ACTIVITIES, SOCIAL EVENTS. FREE AND LOW-COST COMMUNITY ACTIVITIES, FITNESS AND WELLNESS PROGRAMS, CHILDRENS PROGRAMS, PROGRAMS FOR INDIVIDUALS WITH...

GYM USER RENTALS FOR ATHLETICS, CHILDRENS ACTIVITIES, SOCIAL EVENTS. FREE AND LOW-COST COMMUNITY ACTIVITIES, FITNESS AND WELLNESS PROGRAMS, CHILDRENS PROGRAMS, PROGRAMS FOR INDIVIDUALS WITH DISABILITIES AND CULTURAL PROGRAMS. FREE ENTERTAINMENT PROGRAMS INCLUDING CONCERTS, LIVE PLAYS, AND MOVIES. PROVIDING OFFICE AND ACTIVITY RENTAL SPACE TO NONPROFIT ORGANIZATIONS SERVING COMMUNITY MEMBERS. RECREATION PROGRAMS FOR FAMILIES, TEENS, AND SENIOR CITIZENS. WORK COLLABORATIVELY WITH OTHER NEWTON NON-PROFITS AND ORGANIZATIONS/AGENCIES TO CO-HOST OR PARTICIPATE IN COMMUNITY PROGRAMMING SUCH AS CITY-WIDE SERVICE DAYS, NEIGHBORHOOD FAIRS, AND COMMUNITY SOCIAL EVENTS.

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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 $31,420

Program Service Revenue $249,074

Investment Income $42

Other Revenue $0

TOTAL REVENUE $280,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,827

Fundraising Expenses $878

Program Expenses $211,375

Other Expenses $170,379

TOTAL EXPENSES $258,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,536	$239,254	+0.2%
Expenses	$258,206	$266,928	0.0%
Net Income	$22,330	$-27,674	-1.8%

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

N/A

Employees

Volunteers

N/A

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

$75,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Rice	Executive Dir.	40.00	Officer	$75,833	$0	$75,833
Kevin Duff	Director	1.00	Director	$0	$0	$0
Mildred Hutchinson	Director	1.00	Director	$0	$0	$0
Michelle Mcschke	Director	1.00	Director	$0	$0	$0
Robert Wilkin	Director	1.00	Director	$0	$0	$0
Kathryn Winters	Director	1.00	Director	$0	$0	$0
Virginia Burton	Director	1.00	Director	$0	$0	$0
Garrett Van Siclen	Director	1.00	Director	$0	$0	$0
Meri Haas	Director	1.00	Director	$0	$0	$0
Maureen Oates	Director	1.00	Director	$0	$0	$0
Jhilam Biswas	Director	1.00	Director	$0	$0	$0
Janice Bourque	President	1.00	Officer	$0	$0	$0
Jeffrey Swoope	Clerk/Treasurer	1.00	Officer	$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	No data	No data	No data	No data
2023	$280,536	$258,206	$561,931	$22,330
2022	$239,254	$266,928	$541,891	$-27,674
2021	$271,506	$263,240	$563,706	$8,266
2020	$318,653	$353,909	$570,773	$-35,256
2019	$396,119	$401,093	$621,990	$-4,974
2018	$385,253	$408,886	$591,547	$-23,633

Newton Highlands Community Development Corporation