New Beginnings Recovery Homes Inc (EIN 363816144) - 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

1992

Legal Domicile

Principal Officer

Joseph Williams

Phone

7737073120

Tax Period

2024-01-01 to 2024-12-31

New Beginnings Recovery Homes Inc, founded in 1992, is a community nonprofit in the Mental Health sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 10% surplus.

Mission

TO PROVIDE TEMPORARY AND PERMANENT HOUSING TO HOMELESS MARGINALIZED AND SEX OFFENDERS UNDER HOUSE ARREST

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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 $0

Program Service Revenue $1,417,798

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,417,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,600

Fundraising Expenses $0

Program Expenses $65,300

Other Expenses $845,488

TOTAL EXPENSES $1,282,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,417,798	$783,424	+0.8%
Expenses	$1,282,088	$914,777	+0.4%
Net Income	$135,710	$-131,353	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRE WILLIAMS	Director	20.00	Director	$0	$0	$0
SHANNON WILLIAMS	Director	2.00	Director	$0	$0	$0
JOSEPH WILLIAMS	President	5.00	Officer	$0	$0	$0
EILIJAH WILLIAMS	Secretary	30.00	Officer	$0	$0	$0
BYRON WILLIAMS	Vice President	2.00	Officer	$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	No data	No data	No data	No data
2024	$1,417,798	$1,282,088	$756,622	$135,710
2023	$1,007,977	$1,061,204	$383,457	$-53,227
2022	$783,424	$914,777	$328,589	$-131,353
2021	$863,097	$628,509	$214,343	$234,588
2020	$166,686	$175,059	$10,306	$-8,373
2019	$147,600	$155,480	$9,750	$-7,880

New Beginnings Recovery Homes Inc