New Century Housing Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Phone

5405529176

Tax Period

2023-10-01 to 2024-09-30

New Century Housing Inc, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $880K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $751K left a modest 15% surplus.

Mission

Housing for Elderly.

Program Service Accomplishments

Program 1

Expenses: $566,041 Revenue: $815,009

The corporation provides housing facilities and services specially designed to meet the needs of elderly persons. The corporation operates a 30 unit seniors housing community in Blacksburg, Virginia serving approximately 50 persons. The corporation operates a 30 unit seniors housing community of freestanding housing units comprising the woods edge development for those who are 55 and older, living an independent active lifestyle. The woods edge development serves approximately 50 additional residents.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $815,009

Investment Income $24

Other Revenue $65,415

TOTAL REVENUE $880,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $566,041

Other Expenses $751,459

TOTAL EXPENSES $751,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$880,448	$680,942	+0.3%
Expenses	$751,459	$759,919	0.0%
Net Income	$128,989	$-78,977	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$343,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allan Bookout	Vice Chairman / Treasurer	0.5	Officer Director	$0	$0	$0
Ed Spencer	Chair	0.5	Officer Director	$0	$0	$0
Hing-Har Lo	Secretary	0.5	Officer Director	$0	$0	$0
William Price	Vice Chairman	0.5	Officer Director	$0	$0	$0
Bridget McMahon	Director	0.5	Director	$0	$0	$0
Charles Johnson	Director	0.5	Director	$0	$0	$0
Heather Ducote	Director	0.5	Director	$0	$0	$0
Jason Pospichal	Director	0.5	Director	$0	$0	$0
Karen Hanks	Director	0.5	Director	$0	$0	$0
Katherine Allen	Director	0.5	Director	$0	$0	$0
Meg Stone	Director	0.5	Director	$0	$0	$0
Mike Spears	Director	0.5	Director	$0	$0	$0
Pamela Teaster	Director	0.5	Director	$0	$0	$0
Richard Shepherd	Director	0.5	Director	$0	$0	$0
Savanna Dyer	Director	0.5	Director	$0	$0	$0
Thomas Pierce	Director	0.5	Director	$0	$0	$0
Tommy McDearis	Director	0.5	Director	$0	$0	$0
Molly Nevitt	CFO	0.5	Officer	$0	$3,923	$152,169
William Lester	President and CEO	0.5	Officer	$0	$5,248	$191,009
Alison Trigg	Showalter Admin	0.5	Highest	$0	$499	$106,033
Kevin Sands	RN Director	0.5	Highest	$0	$3,140	$109,889
Shaunna Andrews	Director of Nursing	0.5	Highest	$0	$2,061	$105,746
Tambra Dixon	VP of Philanthropy	0.5	Highest	$0	$3,317	$123,498
Walter Williams	Director of Network Services	0.5	Highest	$0	$3,292	$110,755

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	$880,448	$751,459	$5,228,827	$128,989
2023	$680,942	$759,919	$4,727,824	$-78,977
2022	$698,832	$747,780	$4,361,336	$-48,948
2021	$647,846	$746,762	$4,512,152	$-98,916
2020	$634,814	$703,321	$4,610,998	$-68,507
2019	$556,020	$685,606	$4,654,196	$-129,586
2018	$518,870	$755,896	$6,032,919	$-237,026