NEW VISION HOUSING DEVELOPMENT FUND CORPORATION

EIN: 453834408 Housing & Shelter

STATEN ISLAND, NY

Total Revenue
$309,036
Total Expenses
$583,039
Total Assets
$4,338,543
Net Assets
$-164,176
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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
2010
Legal Domicile
NY
Principal Officer
TERRY TROIA
Phone
7184481544
Tax Period
2022-07-01 to 2023-06-30

NEW VISION HOUSING DEVELOPMENT FUND CORPORATION, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $309K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $583K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO ACQUIRE, DEVELOP, AND MANAGE HOUSING PROJECTS FOR PERSONS OF LOW INCOME.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $303,137
Investment Income $484
Other Revenue $5,415
TOTAL REVENUE $309,036

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $577,267
Other Expenses $583,039
TOTAL EXPENSES $583,039

Year-over-Year Comparison

2022 2021 Change
Revenue $309,036 $281,506 +0.1%
Expenses $583,039 $631,009 -0.1%
Net Income $-274,003 $-349,503 -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

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
15

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
6
$413,840
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jo Reyes CFO 1.0
Officer
$0 $21,807 $227,591
Terry Troia CEO 1.0
Officer
$0 $23,171 $186,249
Timothy C Harrison Esq First Vice Chair 1.0
Officer Director
$0 $0 $0
Janet H Jones Chair 1.0
Officer Director
$0 $0 $0
Aurelia Curtis Secretary 1.0
Officer Director
$0 $0 $0
Peter Tesoriero Treasurer 1.0
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $309,036 $583,039 $4,338,543 $-274,003
2022 $281,506 $631,009 $3,895,334 $-349,503
2021 $285,495 $430,016 $3,907,195 $-144,521
2020 $316,596 $416,915 $4,045,608 $-100,319
2019 $310,535 $464,509 $4,193,634 $-153,974
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