MANDDAMIENTO NUEVO CORP C/O MICHAE… - 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

2000

Legal Domicile

Principal Officer

MICHAEL SABATINO

Phone

4012784541

Tax Period

2021-01-01 to 2021-12-31

MANDDAMIENTO NUEVO CORP C/O MICHAEL SABATINO, founded in 2000, is a micro nonprofit that reported $456K in total revenue in fiscal year 2021. Revenue fell 434% from the prior year — a significant decline worth monitoring.

Mission

MANDAMIENTO NUEVO IS A NON-PROFIT HOUSING CORPORATION THAT WORKS TO PROVIDE AFFORDABLE HOUSING IN RHODE ISLAND. THESE ACTIVITIES ARE SPONSORED BY THE ROMAN CATHOLIC DIOCESE OF PROVIDENCE.

Program Service Accomplishments

Program 1

Expenses: $135,026 Revenue: $102,571

THE ORGANIZATION PROVIDES HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES THAT OTHERWISE COULD NOT AFFORD HOMES ON THEIR OWN. IT IS INTENDED THAT THIS ACTIVITY WILL ALLEVIATE THE...

THE ORGANIZATION PROVIDES HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES THAT OTHERWISE COULD NOT AFFORD HOMES ON THEIR OWN. IT IS INTENDED THAT THIS ACTIVITY WILL ALLEVIATE THE DISTRESS OF THE POOR IN RI AND MAY COMBAT COMMUNITY DETERIORATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $69,395

Program Service Revenue $102,521

Investment Income $-628,428

Other Revenue $50

TOTAL REVENUE $-456,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,026

Other Expenses $146,161

TOTAL EXPENSES $146,161

Year-over-Year Comparison

	2021	2020	Change
Revenue	$-456,462	$136,669	-4.3%
Expenses	$146,161	$204,315	-0.3%
Net Income	$-602,623	$-67,646	+7.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MSGR PAUL D THEROUX	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN J BARRY III	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL F SABATINO	TREASURER	1.00	Officer Director	$0	$0	$0
REV DENNIS A REARDON	DIRECTOR	1.00	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
2021	$-456,462	$146,161	$201,722	$-602,623
2020	$136,669	$204,315	$2,106,148	$-67,646
2019	$119,597	$369,397	$2,155,409	$-249,800
2018	$374,773	$546,158	$4,385,316	$-171,385

MANDDAMIENTO NUEVO CORP C/O MICHAEL SABATINO