NEW HAVEN DEVELOPMENT CENTER INC

EIN: 454488218 501(c)(3) Employment

Jacksonville, FL

Total Revenue
$1,360,000
Total Expenses
$387,375
Total Assets
N/A
Net Assets
N/A
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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
2024
Legal Domicile
FL
Principal Officer
Patrick James
Phone
9046310999
Tax Period
2024-01-01 to 2024-12-31

NEW HAVEN DEVELOPMENT CENTER INC, founded in 2024, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $973K, a strong 72% operating margin.

Mission

The organization's mission is to provide employment assistance and educational services to individuals with disabilites through providing work readiness programs services, job exploration training and post-secondary education counseling.

Program Service Accomplishments

Program 1

During the year the organization provided employment skills to 152 kids ages 14-21 from Duval County, Volusia County, Henry County and Miami-Dade County in Florida this all was done via virtual and...

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During the year the organization provided employment skills to 152 kids ages 14-21 from Duval County, Volusia County, Henry County and Miami-Dade County in Florida this all was done via virtual and in-person. We helped kids by providing career camps teaching kids self-advocacy, post-secondary education work readiness training, work base learning experience and job exploration counseling. Our program took place four times a year during spring, summer, fall and winter. The goal is for our organization to bring positive impact on the underprivileged kids lives.

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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 (2024)

Revenue Breakdown

Contributions & Grants $680,000
Program Service Revenue $680,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,360,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $350,000
Fundraising Expenses $0
Program Expenses $0
Other Expenses $37,375
TOTAL EXPENSES $387,375

Year-over-Year Comparison

2024 2023 Change
Revenue $1,360,000 $735,367 +0.8%
Expenses $387,375 $818,657 -0.5%
Net Income $972,625 $-83,290 -12.7%
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
7
Independent Members
N/A
Employees
7
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patrick James VP 50.00
Highest
$286,000 $0 $286,000
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 $1,360,000 $387,375 No data $972,625
2023 $735,367 $818,657 $11,089 $-83,290
2022 $632,421 $554,150 $94,379 $78,271
2021 $796,447 $743,654 $16,688 $52,793
2020 $541,667 $558,773 $1,395 $-17,106
2019 $475,740 $457,239 $18,501 $18,501
2018 $420,112 $393,751 No data $26,361
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