NEW DEVELOPMENT CORPORATION (EIN 383326468) - 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

1996

Legal Domicile

Principal Officer

AJ Fossel

Phone

6163617500

Tax Period

2023-01-01 to 2023-12-31

NEW DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $334K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $399K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROMOTE HOME OWNERSHIP & AFFORDABLE HOUSING, ALLEVIATE NEIGHBORHOOD BLIGHT IN TARGETED LOW & MODERATE INCOME AREA, WORK WITH LOW INCOME INDIVIDUALS TO HELP THEM OBTAIN AND MAINTAIN HOME OWNERSHIP.

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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 $123,270

Program Service Revenue $211,123

Investment Income $2

Other Revenue $0

TOTAL REVENUE $334,395

Expense Breakdown

Grants Paid $232,814

Salaries & Benefits $142,744

Fundraising Expenses $402

Program Expenses $381,772

Other Expenses $23,105

TOTAL EXPENSES $398,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$334,395	$219,208	+0.5%
Expenses	$398,663	$221,467	+0.8%
Net Income	$-64,268	$-2,259	+27.4%

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

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

$81,471

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN LEHMAN	EXECUTIVE DIRECTOR	32	Key Emp	$58,615	$22,856	$81,471
SARAH PEGMAN	DIRECTOR	1	Director	$0	$0	$0
KATE DORSEY	DIRECTOR	1	Director	$0	$0	$0
ERIC JOBE	DIRECTOR	1	Director	$0	$0	$0
KELSEY ROBINSON	DIRECTOR	1	Director	$0	$0	$0
JILL ROTHWELL	DIRECTOR	1	Director	$0	$0	$0
AJ FOSSEL	PRESIDENT	2	Officer	$0	$0	$0
REGINA BRADLEY	SECRETARY	2	Officer	$0	$0	$0
CAROL HENNESSEY	TREASURER	2	Officer	$0	$0	$0
SHAQUILLE ANTHONY	VICE PRESIDENT	1	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	No data	No data	No data	No data
2023	$334,395	$398,663	$83,016	$-64,268
2022	$219,208	$221,467	$144,845	$-2,259
2021	$178,256	$157,148	$140,825	$21,108
2020	$104,790	$98,140	$79,183	$6,650

NEW DEVELOPMENT CORPORATION