NEW OPPORTUNITIES COMMUNITY HOUSING DEVELOPMENT CORP (EIN 161321037) - 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

1993

Legal Domicile

Principal Officer

BRAD PACKARD

Phone

7168847791

Tax Period

2024-04-01 to 2025-03-31

NEW OPPORTUNITIES COMMUNITY HOUSING DEVELOPMENT CORP, founded in 1993, is a micro nonprofit that reported $4K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 1925% operating deficit.

Mission

TO PROVIDE DECENT, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS OF WNY.

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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 $0

Program Service Revenue $0

Investment Income $3,500

Other Revenue $0

TOTAL REVENUE $3,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,757

Other Expenses $70,868

TOTAL EXPENSES $70,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,500	$8,872	-0.6%
Expenses	$70,868	$76,809	-0.1%
Net Income	$-67,368	$-67,937	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

Employees

N/A

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

$758,119

Total Directors

$758,119

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON HEJMOWSKI	BOARD MEMBER/TREASURER	0.50	Officer Director	$0	$7,712	$159,781
PAMELA BERGER	BOARD MEMBER/SECRETARY	0.50	Officer Director	$0	$13,967	$157,732
MICHAEL D RIEGEL	BOARD MEMBER/PRESIDENT	0.50	Officer Director	$0	$27,794	$219,456
ALICE LANIER	BOARD MEMBER/VICE PRESIDENT	0.50	Officer Director	$0	$8,693	$51,395
BRAD A PACKARD	BOARD MEMBER/CURRENT PRESIDENT	0.50	Officer Director	$0	$8,111	$169,755
JUDITH SCOTT	BOARD MEMBER	0.50	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
2025	$3,500	$70,868	$723,616	$-67,368
2024	$8,872	$76,809	$795,384	$-67,937
2023	$29,422	$106,202	$1,030,077	$-76,780
2022	$27,519	$96,807	$1,209,578	$-69,288
2021	$79,052	$117,015	$1,087,654	$-37,963
2020	$89,043	$110,151	$1,233,909	$-21,108
2019	$39,823	$96,010	$1,106,968	$-56,187
2018	$58,304	$105,639	$1,090,924	$-47,335

NEW OPPORTUNITIES COMMUNITY HOUSING DEVELOPMENT CORP