NEW CASTLE HOUSING CORPORATION

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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

2004

Legal Domicile

Principal Officer

ARTURO ALVARADO

Phone

3034281448

Tax Period

2024-04-01 to 2025-03-31

NEW CASTLE HOUSING CORPORATION, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $253K in total revenue in fiscal year 2024. Expenses of $331K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE HUD SUBSIDIZED HOUSING TO THE ELDERLY IN NEW CASTLE, COLORADO.

Program Service Accomplishments

Program 1

Expenses: $254,138 Revenue: $94,325

NEW CASTLE HOUSING CORPORATION PROVIDES SUBSIDIZED HOUSING TO THE ELDERLY IN NEW CASTLE, COLORADO. HOUSING WAS PROVIDED FOR TWENTY-FOUR CLIENTS.

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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 $144,517

Program Service Revenue $94,325

Investment Income $35

Other Revenue $14,479

TOTAL REVENUE $253,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,519

Fundraising Expenses $0

Program Expenses $254,138

Other Expenses $270,562

TOTAL EXPENSES $331,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,356	$241,995	+0.0%
Expenses	$331,081	$308,786	+0.1%
Net Income	$-77,725	$-66,791	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE TEDY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAUREN HORNETT	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
ABELLA NAVARRO	SECRETARY	1.00	Officer Director	$0	$0	$0
G LAVON SONNE	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN SMITH	RESIDENT	1.00	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	$253,356	$331,081	$1,728,369	$-77,725
2024	$241,995	$308,786	$1,789,416	$-66,791
2023	$241,937	$287,498	$1,868,478	$-45,561
2022	$213,892	$317,369	$1,949,913	$-103,477
2021	$230,201	$288,227	$2,015,282	$-58,026
2020	$219,830	$272,156	$2,078,610	$-52,326
2019	$219,828	$282,120	$2,129,839	$-62,292