New Beginning Affordable Homes Inc

EIN: 462718024 501(c)(3) Housing & Shelter

University Park, IL

Total Revenue
$253,124
Total Expenses
$251,251
Total Assets
$38,673
Net Assets
$37,112
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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
IL
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 $232K in total revenue in fiscal year 2018.

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.

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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 (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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
12

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
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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