Lima, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Lima-Housing for the Future, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $617K, a strong 49% operating margin.
To provide housing opportunities and assistance for all low and moderate-income residents through a comprehensive program of financial assistance and education. New Lima Housing for the Future works with the City of Lima, Allen County, Ohio and Lima City Schools in an effort to further develop school sites within the CDBG target areas. Efforts within the low and moderate-income community is its focus: cooperation, communication and collaboration, its means.
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 | $1,255,054 | $574,227 | +1.2% |
| Expenses | $637,829 | $287,559 | +1.2% |
| Net Income | $617,225 | $286,668 | +1.2% |
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 |
|---|---|---|---|---|---|---|
| Scott Frenger | Executive Director | 40.00 |
|
$80,295 | $0 | $80,295 |
| Miriam Adams | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Ramona Hucks | Vice President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Jacqueline Daley-Perrin | President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Cynthia Davis-White | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| Ginger Loscavo | Treasurer | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,255,054 | $637,829 | $4,325,383 | $617,225 |
| 2022 | $574,227 | $287,559 | $3,768,988 | $286,668 |
| 2021 | $600,515 | $469,634 | $3,462,151 | $130,881 |
| 2020 | $440,081 | $256,729 | $3,239,591 | $183,352 |
| 2019 | $234,963 | $227,619 | $3,056,482 | $7,344 |
| 2018 | $505,596 | $216,483 | $2,714,257 | $289,113 |
Compare New Lima-Housing for the Future with other nonprofits in Ohio and across the country.