NEW SUNRISE PROPERTIES 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

1991

Legal Domicile

Principal Officer

MARY SMIGELSKI

Phone

2165747100

Tax Period

2022-07-01 to 2023-06-30

NEW SUNRISE PROPERTIES INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2022. Expenses of $1.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF NEW SUNRISE PROPERTIES, INC., IS TO INCREASE THE HOUSING AVAILABLE TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING. THE AGENCY OWNS AND MANAGES OVER 200 UNITS OF HOUSING THROUGHOUT LORAIN COUNTY. THE HOUSING TYPES INCLUDE SCATTERED SITE DUPLEXES, APARTMENTS, CONDOMINIUMS AND SINGLE FAMILY HOMES.

Program Service Accomplishments

Program 1

Expenses: $1,251,957

TO INCREASE THE HOUSING AVAILABILITY TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT...

TO INCREASE THE HOUSING AVAILABILITY TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $625,383

Program Service Revenue $853,409

Investment Income $45

Other Revenue $0

TOTAL REVENUE $1,478,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $712,770

Fundraising Expenses $0

Program Expenses $1,251,957

Other Expenses $950,512

TOTAL EXPENSES $1,663,282

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,478,837	$1,437,662	+0.0%
Expenses	$1,663,282	$1,610,449	+0.0%
Net Income	$-184,445	$-172,787	+0.1%

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

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
CHRIS WARREN	PRESIDENT	1.00	Officer	$0	$0	$0
CAROLYNN GALLOWAY	VICE PRESIDE	1.00	Officer	$0	$0	$0
JIM POZNIK	TREASURER	1.00	Officer	$0	$0	$0
MIKE GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SAHNARA HENDRIX-ARNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KRUME STOJANOVSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MEISEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY HEXTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE PEAK	BOARD MEMBER	1.00	Director	$0	$0	$0
TEARRA SMITH	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$1,478,837	$1,663,282	$5,312,049	$-184,445
2023	$246,243	$542,156	$4,154,978	$-295,913
2022	$1,437,662	$1,610,449	$5,178,634	$-172,787
2021	$1,314,237	$1,477,870	$5,313,309	$-163,633
2020	$1,436,280	$1,437,196	$5,471,122	$-916
2019	$1,726,533	$1,295,143	$5,376,212	$431,390
2018	$1,454,462	$1,297,024	$5,048,776	$157,438