NEW HAVEN HOMEOWNERSHIP CENTER INC

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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

2001

Legal Domicile

Principal Officer

DR JAMES PALEY

Phone

2035620598

Tax Period

2024-01-01 to 2024-12-31

NEW HAVEN HOMEOWNERSHIP CENTER INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $331K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $133K, a strong 40% operating margin.

Mission

TO PROVIDE LENDING SERVICES AND RELATED HOME OWNERSHIP EDUCATION TO RESIDENTS OF OR PROSPECTIVE HOME BUYERS IN THE CITY OF NEW HAVEN.

Program Service Accomplishments

Program 1

Expenses: $197,617

TO PROVIDE LENDING SERVICES AND RELATED HOME OWNERSHIP EDUCATION TO RESIDENTS OF OR PROSPECTIVE HOME BUYERS IN THE CITY OF NEW HAVEN.

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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 $292,375

Program Service Revenue $37,803

Investment Income $102

Other Revenue $298

TOTAL REVENUE $330,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,451

Fundraising Expenses $0

Program Expenses $197,617

Other Expenses $99,166

TOTAL EXPENSES $197,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,578	$425,397	-0.2%
Expenses	$197,617	$637,561	-0.7%
Net Income	$132,961	$-212,164	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MONIKA MITTELHOLZER	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JAMES PALEY	EXECUTIVE DI	2.00	Director	$0	$0	$0
JACQUELYN PHEANIOUS	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSE PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROL HELLER	VICE PRESIDE	2.00	Officer	$0	$0	$0
SARAH MCQUEEN	TREASURER	2.00	Officer	$0	$0	$0
LESLIE RADCLIFFE	PRESIDENT	2.00	Officer	$0	$0	$0
VIRGINIA STEVENSON	SECRETARY	2.00	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	$330,578	$197,617	$597,339	$132,961
2023	$425,397	$637,561	$778,130	$-212,164
2022	$437,373	$744,404	$894,930	$-307,031
2021	$726,500	$1,294,256	$925,496	$-567,756
2020	$445,701	$1,176,793	$1,462,091	$-731,092
2019	$407,124	$904,317	$1,258,930	$-497,193
2018	$473,280	$804,552	$1,628,005	$-331,272