NEW HORIZONS DEVELOPMENT CORPORATIO (EIN 205356886) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

KENNETH JAMES

Phone

5702581480

Tax Period

2025-01-01 to 2025-12-31

NEW HORIZONS DEVELOPMENT CORPORATIO, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $35K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Net assets of $775K represent 267 months of operating reserves.

Mission

TO HELP THE LOCAL COMMUNITY WITH RESPECT TO PROPERTY PRESERVATION WHILE PROVIDING AFFORDABLE HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $48,349

Program Service Revenue $0

Investment Income $1,534

Other Revenue $-15,067

TOTAL REVENUE $34,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,249

Other Expenses $37,249

TOTAL EXPENSES $37,249

Year-over-Year Comparison

	2025	2024	Change
Revenue	$34,816	$40,271	-0.1%
Expenses	$37,249	$35,272	+0.1%
Net Income	$-2,433	$4,999	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BOHAN	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN BUCHINSKI	BOARD MEMBER	N/A	Director	$0	$0	$0
KENNETH JAMES	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
ESTHER SANTUK	VICE-CHAIRPE	N/A	Officer Director	$0	$0	$0
BERNICE SHIPP	TREASURER	N/A	Officer Director	$0	$0	$0
RYAN VERAZIN	SECRETARY	N/A	Officer 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	$34,816	$37,249	$785,939	$-2,433
2024	No data	No data	No data	No data
2023	$37,166	$35,033	$783,290	$2,133
2022	$20,883	$33,872	$781,157	$-12,989
2021	$14,256	$33,844	$794,146	$-19,588
2020	$3,010	$33,453	$813,734	$-30,443
2019	$22,276	$34,402	$844,177	$-12,126
2018	$-8,316	$950	$856,303	$-9,266

NEW HORIZONS DEVELOPMENT CORPORATIO