WORCESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in Massachusetts and across the country.