NEW HORIZONS NON-PROFIT APARTMENTS INC (EIN 382476812) - 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

1983

Legal Domicile

Principal Officer

CINDY LAMB

Phone

5867539002

Tax Period

2023-07-01 to 2024-06-30

NEW HORIZONS NON-PROFIT APARTMENTS INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 13% surplus.

Mission

TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.

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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 $1,043,602

Program Service Revenue $401,129

Investment Income $972

Other Revenue $2,990

TOTAL REVENUE $1,448,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,032,697

Other Expenses $1,262,560

TOTAL EXPENSES $1,262,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,448,693	$1,404,795	+0.0%
Expenses	$1,262,560	$1,118,702	+0.1%
Net Income	$186,133	$286,093	-0.3%

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

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

$588,933

Total Directors

$588,933

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNIE MITCHELL	PRESIDENT	0.10	Officer Director	$0	$0	$0
RILLAR MCDANIEL	FORMER DIRECTOR	0.10	Director	$0	$0	$0
ETHEL YOUNG	FORMER DIRECTOR	0.10	Director	$0	$0	$0
ELAINE HERRICK	FORMER DIRECTOR	0.10	Director	$0	$0	$0
ALEX AHO	CONSTITUTION	0.10	Officer Director	$0	$0	$0
JERI DRAUGHON	SECRETARY	0.10	Officer Director	$0	$0	$0
CINDY LAMB	ASSISTANT TREASURER	0.10	Officer Director	$0	$37,025	$236,633
SHERYLE MOREY	TREASURER	0.10	Officer Director	$0	$0	$0
ANNE SACKRISON	ASSISTANT SECRETARY	0.10	Officer Director	$0	$65,434	$352,300
GLORIA PARRIS	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
GERALD MAHOM JR	DIRECTOR	0.10	Director	$0	$0	$0
MARIETTA MARTIN	DIRECTOR	0.10	Director	$0	$0	$0
DEANIE ROBINSON	DIRECTOR	0.10	Director	$0	$0	$0
GLORIA HARRIS	DIRECTOR	0.10	Director	$0	$0	$0
MARY DALESSANDRO	DIRECTOR	0.10	Director	$0	$0	$0
SHIRLEY MORELAND	DIRECTOR	0.10	Director	$0	$0	$0
CATHERINE POWELL	DIRECTOR	0.10	Director	$0	$0	$0
JUDY ROBERTS	DIRECTOR	0.10	Director	$0	$0	$0
DARLA HUTTINGER	REGIONAL MANAGER	0.10	Highest	$0	$39,866	$209,676
MARGUERITE D ANGELO	REGIONAL MANAGER	0.10	Highest	$0	$27,532	$206,193
DIANE SMITH	NATIONAL DEVELOPMENT MANAGER	0.10	Highest	$0	$52,900	$247,688
MEL HUDSON	NATIONAL CONSTRUCTION MANAGER	0.10	Highest	$0	$63,515	$258,188
TIM BRAUNSCHEIDAL	CHIEF OPERATIONS OFFICER	0.10	Highest	$0	$50,953	$229,476

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	$1,448,693	$1,262,560	$3,695,332	$186,133
2023	$1,404,795	$1,118,702	$3,682,306	$286,093
2022	$1,332,378	$1,263,507	$3,685,207	$68,871
2021	$1,286,692	$1,289,476	$3,615,040	$-2,784
2020	$1,274,040	$1,201,632	$3,776,407	$72,408
2019	$1,261,816	$1,208,230	$3,912,681	$53,586

NEW HORIZONS NON-PROFIT APARTMENTS INC