NEWPORT MILLENNIUM HOUSING CORPORATION III (EIN 311762432) - 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

2001

Legal Domicile

Principal Officer

THOMAS GUIDUGLI

Phone

8594410466

Tax Period

2023-01-01 to 2023-12-31

NEWPORT MILLENNIUM HOUSING CORPORATION III, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $541K, a strong 50% operating margin.

Mission

CREATE LOW INCOME HOUSING THROUGH THE ACQUISITION OF PROPERTY FOR DEVELOPMENT AND OPERATION OF MULTI-INCOME HOUSING PROJECTS IN NEWPORT, KENTUCKY.

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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 $1,424,629

Program Service Revenue $282,391

Investment Income $80,930

Other Revenue $-707,414

TOTAL REVENUE $1,080,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,244

Fundraising Expenses $0

Program Expenses $477,497

Other Expenses $279,666

TOTAL EXPENSES $539,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,080,536	$-44,065	-25.5%
Expenses	$539,910	$507,078	+0.1%
Net Income	$540,626	$-551,143	-2.0%

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

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

$329,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHALK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CAROLYN DUFF	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD BUECHEL JR	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYOR THOMAS GUIDUGLI JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MUMPER	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS GUIDUGLI	PRESIDENT	6.00	Officer	$22,496	$19,624	$169,600
RON RAWE	TREASURER	2.00	Officer	$4,470	$18,865	$108,269
GINA SCHNEIDER	SECRETARY	2.00	Officer	$1,542	$20,308	$51,150

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	$1,080,536	$539,910	$14,223,386	$540,626
2022	$-44,065	$507,078	$13,724,891	$-551,143
2021	$2,207,566	$460,422	$14,297,269	$1,747,144
2020	$1,119,370	$441,191	$12,857,263	$678,179
2019	$977,612	$376,665	$12,226,326	$600,947
2018	$3,529,482	$385,491	$12,347,172	$3,143,991

NEWPORT MILLENNIUM HOUSING CORPORATION III