Next Gen 8 Corinne Road Inc

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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

2005

Legal Domicile

Phone

6174578514

Tax Period

2024-07-01 to 2025-06-30

Next Gen 8 Corinne Road Inc, founded in 2005, is a micro nonprofit that reported $54K in total revenue in fiscal year 2024. Expenses of $80K exceeded revenue, resulting in a 49% operating deficit.

Mission

Next Gen 8 Corinne Road's purpose is to hold title property, collect income therefrom, and turn over the entire amount, less expenses, to a related tax-exempt 501(c)(3) organization, Next Generation Housing Foundation, Inc. Next Gen 8 Corinne Road owns a group home housing five individuals with developmental disabilities.

Program Service Accomplishments

Program 1

Next Gen 8 Corrine Road, Inc. housed five individuals with developmental disabilities, allowing them to live independently, with dignity.

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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 $53,844

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $80,458

TOTAL EXPENSES $80,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,844	$53,844	N/A
Expenses	$80,458	$111,055	-0.3%
Net Income	$-26,614	$-57,211	-0.5%

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
Adam Suttin	Treasurer & Director (Partial Year As of 06/27/25)	1.0	Officer Director	$0	$0	$0
ADAM WEINER	PRESIDENT (Partial Year Until 06/26/25)	1.0	Officer Director	$0	$0	$0
BRETT CATLIN	TREASURER (Partial Year Until 06/26/25)	1.0	Officer Director	$0	$0	$0
DOUGLASS KARP	CLERK (Partial Year Until 06/26/25)	1.0	Officer Director	$0	$0	$0
Shari Cashman	Clerk & Director (Partial Year As of 06/27/25)	1.0	Officer Director	$0	$0	$0
Steven Weil	President & Director (Partial Year As of 06/27/25)	1.0	Officer Director	$0	$0	$0
ANDREW JAFFE	DIRECTOR (Partial Year Until 06/26/25)	1.0	Director	$0	$0	$0
COREY WILK	DIRECTOR (Partial Year Until 06/26/25)	1.0	Director	$0	$0	$0
DANIEL ROTTENBERG	DIRECTOR (Partial Year Until 06/26/25)	1.0	Director	$0	$0	$0
ELLIOT GOULD	DIRECTOR (Partial Year Until 06/26/25)	1.0	Director	$0	$0	$0
GILBERT WINN	DIRECTOR (Partial Year Until 06/26/25)	1.0	Director	$0	$0	$0
Kimberly Creem	Director (Partial Year As of 06/27/25)	1.0	Director	$0	$0	$0
Lewis Pearlson	Director (Partial Year As of 06/27/25)	1.0	Director	$0	$0	$0
RANDALL GOLDSTEIN	DIRECTOR (Partial Year Until 06/26/25)	1.0	Director	$0	$0	$0
SCOTT POLLACK	DIRECTOR (Partial Year Until 06/26/25)	1.0	Director	$0	$0	$0
TODD FINARD	DIRECTOR (Partial Year Until 06/26/25)	1.0	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
2025	$53,844	$80,458	$1,159,674	$-26,614
2024	$53,844	$111,055	$510,436	$-57,211
2023	$53,844	$105,591	$544,183	$-51,747
2022	$53,844	$72,186	$561,654	$-18,342
2021	$53,844	$56,926	$583,642	$-3,082
2020	$53,844	$41,226	$586,288	$12,618
2019	$53,844	$59,230	$575,691	$-5,386
2018	$54,761	$41,713	$583,041	$13,048