New Beginning Affordable Homes Inc

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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

2013

Legal Domicile

Principal Officer

Richard Cobbins

Phone

7087904305

Tax Period

2019-01-01 to 2019-12-31

New Beginning Affordable Homes Inc, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $253K in total revenue in fiscal year 2019. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Rehabilitate low income housing projects for people with income under the poverty line. Buy houses and sell to underprivileged people in Chicago land who cannot afford homes through conventional means.

Program Service Accomplishments

Program 1

Expenses: $221,664 Revenue: $253,124

Organization assisted dozens of low income housing owners to rehabilitate their properties. They also purchased peoperties for underprivileged low income housing clients to own or rent property that they could not afford through conventional financing. Company screened the clients to determine that they qualified for low income housing in the City of Chicago and vicinity.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $253,124

TOTAL REVENUE $253,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,664

Other Expenses $251,251

TOTAL EXPENSES $251,251

Year-over-Year Comparison

	2019	2018	Change
Revenue	$253,124	$231,808	+0.1%
Expenses	$251,251	$230,189	+0.1%
Net Income	$1,873	$1,619	+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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Cobbins	President	15.00	Director	$0	$0	$0
Linda Cobbins	Secretary	15.00	Director	$0	$0	$0
Joshua Cobbins	Director	5.00	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
2019	$253,124	$251,251	$38,673	$1,873
2018	$231,808	$230,189	No data	$1,619