FAITH HOUSING NEW HOPE APARTMENTS (EIN 311705626) - 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

2000

Legal Domicile

Principal Officer

BRIGITTE TWEDDELL

Phone

8185468929

Tax Period

2024-07-01 to 2025-06-30

FAITH HOUSING NEW HOPE APARTMENTS, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $339K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $552K exceeded revenue, resulting in a 63% operating deficit.

Mission

FAITH HOUSING NEW HOPE APARTMENTS IS A NOT-FOR-PROFIT CORPORATION. SEE PART III, LINE I

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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 $295,569

Program Service Revenue $70,179

Investment Income $-34,309

Other Revenue $7,617

TOTAL REVENUE $339,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $491,782

Other Expenses $551,713

TOTAL EXPENSES $551,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,056	$357,141	-0.1%
Expenses	$551,713	$486,671	+0.1%
Net Income	$-212,657	$-129,530	+0.6%

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
DAVID NAHAS	PRESIDENT	0.30	Officer Director	$0	$0	$0
THOMAS SPRATT	TREASURER	0.30	Officer Director	$0	$0	$0
MARGARET WILLIS	SECRETARY	0.30	Officer Director	$0	$0	$0
BRIGITTE TWEDDELL	BOARD MEMBER	0.30	Director	$0	$0	$0
ROBERT BARTLEY	BOARD MEMBER	0.30	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	$339,056	$551,713	$2,617,711	$-212,657
2024	$357,141	$486,671	$2,759,692	$-129,530
2023	$310,103	$487,641	$2,840,603	$-177,538
2022	$508,613	$482,965	$2,958,394	$25,648
2021	$323,377	$447,977	$3,087,006	$-124,600
2020	$309,791	$437,606	$3,196,286	$-127,815
2019	$316,112	$485,634	$3,287,813	$-169,522
2018	$315,943	$400,898	$3,410,747	$-84,955

FAITH HOUSING NEW HOPE APARTMENTS