NEW MILFORD AFFORDABLE HOUSING INC (EIN 223112583) - 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

1990

Legal Domicile

Principal Officer

THERESA MCSPEDON

Phone

8602106037

Tax Period

2023-07-01 to 2024-06-30

NEW MILFORD AFFORDABLE HOUSING INC, founded in 1990, is a small nonprofit that reported $308K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $339K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE SUPPORTIVE AND AFFORDABLE HOUSING TO THE GREATER NEW MILFORD AREA RESIDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,761

Program Service Revenue $206,533

Investment Income $95,531

Other Revenue $0

TOTAL REVENUE $307,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,520

Fundraising Expenses $0

Program Expenses $259,730

Other Expenses $269,115

TOTAL EXPENSES $338,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,825	$350,056	-0.1%
Expenses	$338,635	$366,023	-0.1%
Net Income	$-30,810	$-15,967	+0.9%

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

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

$64,420

Total Directors

$64,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA MCMAHON	SECRETARY	3.00	Officer Director	$0	$0	$0
MARY JANE LUNDGREN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAPPY TEMPLE	DIRECTOR	1.00	Director	$0	$0	$0
THERESA MCSPEDON	TREASURER AND EXECUTIVE DI	3.00	Officer Director	$64,420	$0	$64,420

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	No data	No data	No data	No data
2024	$307,825	$338,635	$5,322,090	$-30,810
2023	$350,056	$366,023	$5,396,064	$-15,967
2022	$183,272	$419,645	$5,431,320	$-236,373
2021	$238,623	$402,134	$5,693,568	$-163,511
2020	$225,726	$244,124	$5,113,222	$-18,398
2019	$539,324	$90,263	$5,168,882	$449,061
2018	$38,258	$154,345	$4,019,347	$-116,087

NEW MILFORD AFFORDABLE HOUSING INC