NEWARK RESIDENT HOMES 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

1974

Legal Domicile

Principal Officer

JULIE BURLEY

Phone

7403457231

Tax Period

2023-01-01 to 2023-12-31

NEWARK RESIDENT HOMES INC, founded in 1974, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ASSISTANCE AND HOUSING TO DEVELOPMENTALLY DISABLED INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $1,120,477 Revenue: $1,273,844

TO PROVIDE PERSONAL ASSISTANCE TO DEVELOPMENTALLY DISABLED INDIVIDUALS THAT ENABLE THEM TO LIVE IN THEIR OWN HOMES

Program 2

Expenses: $34,525 Revenue: $24,734

PROVIDE FOSTER HOUSING TO DEVELOPMENTALLY DISABLED INDIVIDUALS AT SEVERAL LOCATIONS

Program 3

Revenue: $27

MISCELLANOUS INCOME

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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 $43,381

Program Service Revenue $1,298,578

Investment Income $15,491

Other Revenue $27

TOTAL REVENUE $1,357,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,230,672

Fundraising Expenses $0

Program Expenses $1,155,002

Other Expenses $144,069

TOTAL EXPENSES $1,374,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,357,477	$1,320,306	+0.0%
Expenses	$1,374,741	$1,346,475	+0.0%
Net Income	$-17,264	$-26,169	-0.3%

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

$79,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD MILLER	TRUSTEE	1.00	Director	$0	$0	$0
RANDY SPIKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN SPIKER	TRUSTEE	1.00	Director	$0	$0	$0
MARY K MILLER	TRUSTEE	1.00	Director	$0	$0	$0
JULIE BURLEY	EXECUTIVE DIRECTOR	36.00	Officer	$79,092	$0	$79,092

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	No data	No data	No data	No data
2023	$1,357,477	$1,374,741	$1,119,028	$-17,264
2022	$1,320,306	$1,346,475	$1,080,683	$-26,169
2021	$1,278,616	$1,313,164	$1,193,943	$-34,548
2020	$1,454,440	$1,303,449	$1,172,958	$150,991
2019	$1,179,387	$1,231,892	$974,660	$-52,505
2018	$1,336,419	$1,315,140	$976,799	$21,279