MANDDAMIENTO NUEVO CORP C/O MICHAEL SABATINO

EIN: 050512117 501(c)(3)

PROVIDENCE, RI

Total Revenue
$-456,462
Total Expenses
$146,161
Total Assets
$201,722
Net Assets
$-2,102,331
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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
RI
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

TO PROVIDE AFFORDABLE HOUSING PROJECTS IN RHODE ISLAND.

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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