NEW LIFE HOMES HOUSING DEVELOPMENT FUND CORPORATION (EIN 134103927) - 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

1996

Legal Domicile

Principal Officer

PERRY PERLMUTTER

Phone

2126336900

Tax Period

2022-07-01 to 2023-06-30

NEW LIFE HOMES HOUSING DEVELOPMENT FUND CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $827K in total revenue in fiscal year 2022. Expenses of $1.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

ORGANIZED TO OWN, REHABILITATE, AND OPERATE A 55-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $783,920

Investment Income $43,545

Other Revenue $0

TOTAL REVENUE $827,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,104,147

Other Expenses $1,155,627

TOTAL EXPENSES $1,155,627

Year-over-Year Comparison

	2022	2021	Change
Revenue	$827,465	$814,225	+0.0%
Expenses	$1,155,627	$1,154,553	+0.0%
Net Income	$-328,162	$-340,328	0.0%

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

N/A

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

$1,233,850

Total Directors

$1,233,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA COLONNA	FORMER PRES & CEO (THRU 2/22)	1.0		$0	$23,104	$710,693
PERRY PERLMUTTER	CEO EFF 4/23 & CFO THRU 4/23	1.0	Officer Director	$0	$49,960	$473,895
DR JORGE R PETIT	PRESIDENT & CEO (THRU 4/23)	1.0	Officer Director	$0	$56,332	$464,493
JUDITH JONES	CHIEF OF STAFF (THRU 6/23)	1.0	Officer Director	$0	$42,641	$295,462

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$827,465	$1,155,627	$4,834,328	$-328,162
2022	$814,225	$1,154,553	$4,906,650	$-340,328
2021	$777,365	$1,016,262	$5,005,502	$-238,897
2020	$789,443	$1,083,906	$5,344,793	$-294,463
2019	$610,531	$958,312	$5,562,890	$-347,781

NEW LIFE HOMES HOUSING DEVELOPMENT FUND CORPORATION