NEWVUE AFFORDABLE HOUSING CORPORATION (EIN 043271288) - 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

1995

Legal Domicile

Principal Officer

TOM GRAY

Phone

9783429561

Tax Period

2024-01-01 to 2024-12-31

NEWVUE AFFORDABLE HOUSING CORPORATION, founded in 1995, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024. Revenue surged 273% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 46% operating margin.

Mission

NEWVUE AFFORDABLE HOUSING CORPORATION IS A NONPROFIT ORGANIZATION THAT DEVELOPS AND PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME HOUSEHOLDS IN NORTH CENTRAL MASSACHUSETTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,874,737

Program Service Revenue $1,493,403

Investment Income $24,401

Other Revenue $10,542

TOTAL REVENUE $8,403,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,507,522

Other Expenses $4,520,393

TOTAL EXPENSES $4,520,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,403,083	$2,255,789	+2.7%
Expenses	$4,520,393	$1,803,786	+1.5%
Net Income	$3,882,690	$452,003	+7.6%

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

N/A

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

$167,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM GRAY	PRESIDENT	0.25	Officer Director	$0	$0	$0
ERIN NANO	TREASURER	0.25	Officer Director	$0	$0	$0
MARC DOHAN	CLERK	10.00	Officer	$0	$6,598	$167,746

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	$8,403,083	$4,520,393	$54,172,045	$3,882,690
2023	$2,255,789	$1,803,786	$31,233,145	$452,003
2022	$2,269,569	$1,751,279	$13,624,424	$518,290
2021	$1,607,987	$1,700,063	$9,905,411	$-92,076
2020	$1,428,210	$1,716,044	$9,497,771	$-287,834
2019	$1,339,490	$1,605,674	$9,686,728	$-266,184
2018	$1,312,665	$1,563,128	$10,620,456	$-250,463

NEWVUE AFFORDABLE HOUSING CORPORATION