New Vision Community Development

EIN: 141858545 501(c)(3) Housing & Shelter

Houston, TX

Total Revenue
$856,757
Total Expenses
$860,226
Total Assets
$3,709,308
Net Assets
$-1,039,949
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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
2002
Legal Domicile
TX
Principal Officer
Rabbi Israel Wilhelm
Phone
8168613829
Tax Period
2023-01-01 to 2023-12-31

New Vision Community Development, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $857K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

HOUSING FOR THE ELDERLY, HUD SUBSIDIZED

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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 (2023)

Revenue Breakdown

Contributions & Grants $653,510
Program Service Revenue $193,334
Investment Income $9,913
Other Revenue $0
TOTAL REVENUE $856,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,363
Fundraising Expenses $0
Program Expenses $769,978
Other Expenses $738,863
TOTAL EXPENSES $860,226

Year-over-Year Comparison

2023 2022 Change
Revenue $856,757 $789,338 +0.1%
Expenses $860,226 $693,401 +0.2%
Net Income $-3,469 $95,937 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
2
$31,200
Total Directors
3
$31,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISRAEL WILHELM PRESIDENT 0.0
Officer Director
$0 $1,200 $31,200
LEVI BROOK TREASURER 0.0
Officer Director
$0 $0 $0
ABRAHAM LAPINE Secretary 0.0
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
2024 No data No data No data No data
2023 $856,757 $860,226 $3,709,308 $-3,469
2022 $789,338 $693,401 $3,820,175 $95,937
2021 $534,053 $637,886 $3,676,836 $-103,833
2020 $509,570 $644,285 $3,698,373 $-134,715
2019 $714,749 $814,340 $3,845,390 $-99,591
2018 $434,733 $582,703 $3,969,579 $-147,970
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