NEW DIRECTIONS HOUSING CORPORATION (EIN 363958717) - 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

1994

Legal Domicile

Principal Officer

RODGER BROWN

Phone

6309545651

Tax Period

2023-01-01 to 2023-12-31

NEW DIRECTIONS HOUSING CORPORATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $614K exceeded revenue, resulting in a 178% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO POOR AND DISTRESSED INDIVIDUALS WHO WOULD OTHERWISE BE UNABLE TO AFFORD SAFE AND DECENT HOUSING WITHOUT UNDUE HARDSHIP AND TO WORK IN CONJUNCTION WITH OTHER ORGANIZATIONS THAT PROVIDE CHARITABLE AND SOCIAL SERVICES TO POOR INDIVIDUALS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,724

Program Service Revenue $48,777

Investment Income $9,989

Other Revenue $85,564

TOTAL REVENUE $221,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,417

Fundraising Expenses $0

Program Expenses $485,455

Other Expenses $252,230

TOTAL EXPENSES $613,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,054	$141,307	+0.6%
Expenses	$613,647	$645,351	0.0%
Net Income	$-392,593	$-504,044	-0.2%

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

Employees

N/A

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

$150,000

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODGER BROWN	PRESIDENT	40.00	Officer Director	$150,000	$0	$150,000
DONALD FUMO	DIRECTOR	1.00	Director	$0	$0	$0
LARRY STARKMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
LUPE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
TRACY LE	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
WES BECTON	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI LAWTON	DIRECTOR	1.00	Director	$0	$0	$0
LESLEY FLORES	DIRECTOR	1.00	Director	$0	$0	$0
ERNESTO MATIAS	DIRECTOR	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	$221,054	$613,647	$14,748,652	$-392,593
2022	$141,307	$645,351	$15,373,543	$-504,044
2021	$399,054	$823,527	$16,245,596	$-424,473
2020	$17,268,296	$916,376	$18,285,861	$16,351,920
2019	$2,591,926	$696,580	$3,534,655	$1,895,346
2018	$523,205	$625,561	$1,624,805	$-102,356

NEW DIRECTIONS HOUSING CORPORATION