NEW HOME DEVELOPMENT COMPANY INC (EIN 341674869) - 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

1990

Legal Domicile

Principal Officer

JESSICA KLINE

Phone

4195193075

Tax Period

2024-07-01 to 2025-06-30

NEW HOME DEVELOPMENT COMPANY INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $248K, a strong 21% operating margin.

Mission

NEW HOME DEVELOPMENT COMPANY OFFERS AFFORDABLE HOUSING OPTIONS FOR PERSONS WITH LOW TO MODERATE INCOMES.

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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 $321,776

Program Service Revenue $731,890

Investment Income $7,578

Other Revenue $126,663

TOTAL REVENUE $1,187,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $574,220

Fundraising Expenses $0

Program Expenses $689,109

Other Expenses $365,560

TOTAL EXPENSES $939,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,187,907	$851,565	+0.4%
Expenses	$939,780	$874,222	+0.1%
Net Income	$248,127	$-22,657	-12.0%

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

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

$102,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAREN BAUER	EXECUTIVE DIRECTOR	40.00	Officer	$94,459	$8,527	$102,986
TIM BOWLING	CHAIR (THRU 11/15/24)	1.00	Officer Director	$0	$0	$0
KYLEE URAN	CHAIR (BEGIN (01/25)	1.00	Officer Director	$0	$0	$0
JOHN HANCOCK	VICE CHAIR (INTERIM CHAIR 11/24 - 01/25)	1.00	Officer Director	$0	$0	$0
GINNY STERLING	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAKE ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
DARBY HILDEBRANDT	DIRECTOR	1.00	Director	$0	$0	$0
BARB HOMIER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY RENARD	DIRECTOR	1.00	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	$1,187,907	$939,780	$3,067,560	$248,127
2024	$851,565	$874,222	$2,922,302	$-22,657
2023	$1,231,703	$817,399	$2,985,899	$414,304
2022	$860,456	$744,993	$2,684,474	$115,463
2021	$656,142	$583,363	$2,630,121	$72,779
2020	$668,762	$582,908	$2,618,115	$85,854
2019	$630,128	$592,949	$2,614,346	$37,179
2018	$600,396	$571,830	$2,566,749	$28,566

NEW HOME DEVELOPMENT COMPANY INC