CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW SUNRISE PROPERTIES INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $246K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $542K exceeded revenue, resulting in a 120% operating deficit.
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 DUPLEXES, APARTMENTS, CONDOMINIUMS, AND SINGLE FAMILY HOMES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $246,243 | $1,478,837 | -0.8% |
| Expenses | $542,156 | $1,663,282 | -0.7% |
| Net Income | $-295,913 | $-184,445 | +0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRIS WARREN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROLYNN GALLOWAY | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM POZNIK | TREASURER | 1.00 |
Officer
Director
|
$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 |
| TERRELL SANDERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| 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 |
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