House of New Beginnings Inc (EIN 352112790) - Form 990 Financial Analysis & Trantor Score

🔒

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

2006

Legal Domicile

Principal Officer

Christopher A Crecelius

Phone

8127340524

Tax Period

2023-01-01 to 2023-12-31

House of New Beginnings Inc, founded in 2006, is a small nonprofit in the Mental Health sector that reported $222K in total revenue in fiscal year 2023. Net assets of $836K represent 45 months of operating reserves.

Mission

Operation of a Halfway House for Men recovering from Alcohol and Substance Abuse

🔒

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 $65,722

Program Service Revenue $151,451

Investment Income $4,966

Other Revenue $0

TOTAL REVENUE $222,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,234

Fundraising Expenses $0

Program Expenses $170,754

Other Expenses $142,696

TOTAL EXPENSES $215,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,139	$207,938	+0.1%
Expenses	$215,930	$199,920	+0.1%
Net Income	$6,209	$8,018	-0.2%

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

$47,004

Total Directors

$47,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gabe Robertson	Program Director	40.00	Officer Director Highest	$47,004	$0	$47,004
Anne Walsh	Vice President	2.00	Director	$0	$0	$0
Nicholas Haverstock	President	2.00	Officer Director	$0	$0	$0
Sheila Temple	Secretary	1.00	Director	$0	$0	$0
Andy Thomas	Treasurer	2.00	Officer Director	$0	$0	$0
Trell Ferguson	Board Member	1.00	Director	$0	$0	$0
Richard Gerdon	Board Member	1.00	Director	$0	$0	$0
John Gonzaba	Board Member	1.00	Director	$0	$0	$0
Dennis Maschino	Board Member	1.00	Director	$0	$0	$0
Drew Mills	Board Member	1.00	Director	$0	$0	$0
Evan Bardach	Board Member	2.00	Officer Director	$0	$0	$0
Lynn Lopp	Board member	1.00	Director	$0	$0	$0
Otto Schalk	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	$222,139	$215,930	$868,229	$6,209
2022	$207,938	$199,920	$865,441	$8,018
2020	$181,282	$194,183	$868,715	$-12,901
2019	$180,169	$178,670	$883,754	$1,499
2018	$229,557	$217,451	$867,651	$12,106

House of New Beginnings Inc