NEW DESTINY HOUSING CORPORATION (EIN 133778489) - 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

1994

Legal Domicile

Principal Officer

NICOLE BRANCA

Phone

6464720262

Tax Period

2024-07-01 to 2025-06-30

NEW DESTINY HOUSING CORPORATION, founded in 1994, is a mid-sized nonprofit in the Housing & Shelter sector that reported $19.8M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 24% operating margin.

Mission

NEW DESTINY PROVIDES PERMANENT HOUSING & SERVICES FOR HOMELESS (CONTINUED IN SCHEDULE O) DOMESTIC VIOLENCE SURVIVORS AND OTHER LOW-INCOME FAMILIES.

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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 $18,013,343

Program Service Revenue $1,470,833

Investment Income $289,505

Other Revenue $-20,776

TOTAL REVENUE $19,752,905

Expense Breakdown

Grants Paid $4,502,973

Salaries & Benefits $8,067,031

Fundraising Expenses $360,275

Program Expenses $12,230,038

Other Expenses $2,435,228

TOTAL EXPENSES $15,005,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,752,905	$10,789,755	+0.8%
Expenses	$15,005,232	$10,731,611	+0.4%
Net Income	$4,747,673	$58,144	+80.7%

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

113

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

$435,087

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE FIRMENT	CHAIR	0.50	Officer Director	$0	$0	$0
VAUGHN BURKE LE DUC SAFAROV	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BLANCA J RAMIREZ	2ND VICE CHAIR	0.50	Officer Director	$0	$0	$0
PAULA M SARRO	SECRETARY	0.50	Officer Director	$0	$0	$0
RACHEL E MILLER	TREASURER	0.50	Officer Director	$0	$0	$0
LANE N ADDONIZIO	DIRECTOR	0.50	Director	$0	$0	$0
SARAH BLAS	DIRECTOR	0.50	Director	$0	$0	$0
ELAINE CALOS	DIRECTOR	0.50	Director	$0	$0	$0
JESSIE M GABRIEL	DIRECTOR	0.50	Director	$0	$0	$0
ERIN GALLIGAN	DIRECTOR	0.50	Director	$0	$0	$0
BENJAMIN ISREAL	DIRECTOR	0.50	Director	$0	$0	$0
JUDI KENDE	DIRECTOR	0.50	Director	$0	$0	$0
NORA LEVINSON	DIRECTOR	0.50	Director	$0	$0	$0
JILL MARKOWITZ	DIRECTOR	0.50	Director	$0	$0	$0
PAULETTA PEREZ	DIRECTOR	0.50	Director	$0	$0	$0
CATHY PENNINGTON	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN SAMON	DIRECTOR	0.50	Director	$0	$0	$0
HADRIAN A TUCKER	DIRECTOR, THRU DEC. 2024	0.50	Director	$0	$0	$0
NICOLE BRANCA	CHIEF EXECUTIVE OFFICER	35.00	Officer	$177,851	$24,906	$202,757
BRENDA TONG	DEP. EXEC. DIR, THRU JULY 2024	35.00	Officer	$81,512	$9,996	$91,508
JOSEPH KAZINDUKA	CFO, THRU MAY 2025	35.00	Officer	$133,475	$7,347	$140,822
NANDA WIN	CFO/VP OF ADMIN AS OF MAY 2025	35.00	Officer	$0	$0	$0
NICHOLAS LUNDGREN	GENERAL COUNSEL	35.00	Highest	$152,635	$8,509	$161,144
RICHARD CONLEY	SENIOR DIR. OF REAL ESTATE	35.00	Highest	$138,030	$4,502	$142,532
YUQING WANG	CONTROLLER	35.00	Highest	$106,716	$21,382	$128,098

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
2025	$19,752,905	$15,005,232	$21,878,540	$4,747,673
2024	$10,789,755	$10,731,611	$16,061,459	$58,144
2024	$10,789,755	$10,731,611	$16,061,459	$58,144
2023	$10,782,857	$10,211,453	$15,889,464	$571,404
2022	$6,433,594	$6,467,419	$14,258,053	$-33,825
2021	$6,998,544	$4,033,929	$14,260,326	$2,964,615
2020	$2,844,044	$3,099,714	$11,293,009	$-255,670
2019	$4,838,111	$2,593,853	$11,032,067	$2,244,258
2018	$2,367,265	$2,074,933	$6,119,374	$292,332

NEW DESTINY HOUSING CORPORATION