NEW AMERICANS COMMUNITY DEVELOPMEN… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

AGUSTINA VELAZQUEZ

Phone

5084254788

Tax Period

2024-07-01 to 2025-06-30

NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $603K in total revenue in fiscal year 2024. Revenue surged 264% from the prior year, signaling strong growth momentum. The organization ran a surplus of $558K, a strong 92% operating margin.

Mission

THE NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION (NACDC) INTENDS TO UNDERTAKE COMMUNITY RE-DEVELOPMENT, RENOVATION PROJECTS AND ACTIVITIES THAT REVITALIZE AN "ECONOMIC DESERT AREA" WITHIN WORCESTER. OUR INTENTIONS ALSO INCLUDE CREATION AND EXPANSION OF ECONOMIC ACTIVITIES FOR ALL RESIDENTS OF THE AREA WITH SPECIAL EMPHASIS ON THE DISENFRANCHISED, LOW AND MODERATE INCOME POPULATION. WE WILL PRESERVE AND DEVELOP HOUSING, FACILITATE HOME OWNERSHIP, BUSINESS OPPORTUNITIES AND CAREER TRAINING LADDERS IN THE "MAIN MIDDLE" AREA AND ITS IMMEDIATE SURROUNDING NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

A TREMENDOUS AMOUNT OF GREAT WORK HAS TAKEN PLACE ALL AROUND OUR DESIGNATED AREA BUT, NO CONCENTRATED EFFORT IN THE "MAIN MIDDLE". THE NACDC HAS BEGUN THAT CONCENTRATION BY PURCHASING 3 SMALL...

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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 (2024)

Revenue Breakdown

Contributions & Grants $602,679

Program Service Revenue $0

Investment Income $0

Other Revenue $583

TOTAL REVENUE $603,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $45,627

TOTAL EXPENSES $45,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$603,262	$165,506	+2.6%
Expenses	$45,627	$53,857	-0.2%
Net Income	$557,635	$111,649	+4.0%

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

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

$299,009

Total Directors

$152,981

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JUAN A GOMEZ	PRESIDENT & CEO (THRU 02/25)	2.00	Officer Director	$0	$24,327	$152,981
SAMUEL ROSARIO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTEN A KING	TREASURER	1.00	Officer Director	$0	$0	$0
ATTY GORDY DANILES	SECRETARY & CLERK (FROM 12/24)	1.00	Officer Director	$0	$0	$0
GEORGE COX	DIRECTOR (THRU 12/24)	1.00	Director	$0	$0	$0
HECTOR GOMEZ	DIRECTOR (FROM 12/24)	1.00	Director	$0	$0	$0
FRANK KARTHEISER	DIRECTOR	1.00	Director	$0	$0	$0
REV CLYDE TALLY	DIRECTOR (THRU 12/24)	1.00	Director	$0	$0	$0
JEFFREY TORRES	DIRECTOR	1.00	Director	$0	$0	$0
AUGUSTINA VELAZQUEZ	PRESIDENT & CEO (FROM 09/24)	2.00	Officer	$0	$26,412	$146,028

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	$603,262	$45,627	$41,990	$557,635
2024	No data	No data	No data	No data
2023	$37,548	$226,468	$310,359	$-188,920
2022	$129,845	$119,944	$814,932	$9,901
2021	$399,353	$320,401	$1,167,373	$78,952
2020	$163,818	$131,023	$773,969	$32,795
2019	$125,000	$122,969	$714,847	$2,031
2018	$14,575	$97,993	$606,359	$-83,418

NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION