NEW MILFORD INTERFAITH HOUSING INC (EIN 237138154) - 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

1970

Legal Domicile

Principal Officer

KELLY MCDERMOTT

Phone

8603550814

Tax Period

2024-01-01 to 2024-12-31

NEW MILFORD INTERFAITH HOUSING INC, founded in 1970, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 4% surplus.

Mission

LOW INCOME ELDERLY HOUSING

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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 $60,856

Program Service Revenue $1,095,657

Investment Income $132

Other Revenue $0

TOTAL REVENUE $1,156,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,243

Fundraising Expenses $0

Program Expenses $929,603

Other Expenses $907,132

TOTAL EXPENSES $1,107,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,156,645	$1,034,085	+0.1%
Expenses	$1,107,375	$1,156,030	0.0%
Net Income	$49,270	$-121,945	-1.4%

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

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
MABEL PETERSON	SEC/TREASURE	N/A	Officer Director	$0	$0	$0
ROBERT BIDDLEMAN	DIRECTOR	N/A	Director	$0	$0	$0
MELANIE HOWLETT	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER YOUNG GAUDET	DIRECTOR	N/A	Director	$0	$0	$0
C MICHAEL TUCKER	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH TOBIN	DIRECTOR	N/A	Director	$0	$0	$0
KELLY MCDERMOTT	PRESIDENT	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
2024	$1,156,645	$1,107,375	$871,561	$49,270
2023	$1,034,085	$1,156,030	$919,309	$-121,945
2022	$1,000,831	$1,154,035	$1,161,263	$-153,204
2021	$1,011,483	$1,201,682	$1,289,364	$-190,199
2020	$921,739	$1,156,549	$1,542,118	$-234,810
2019	$921,956	$1,017,091	$1,718,087	$-95,135
2018	$905,015	$1,060,312	$1,826,394	$-155,297

NEW MILFORD INTERFAITH HOUSING INC