Newbridge Place

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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

2006

Legal Domicile

Phone

3309488000

Tax Period

2025-01-01 to 2025-12-31

Newbridge Place, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $789K in total revenue in fiscal year 2025. Expenses of $747K left a modest 5% surplus.

Mission

Newbridge Place provides 24-hour care and long-term housing for persons and veterans living with chronic mental illness and whose independent functioning is impaired.

Program Service Accomplishments

Program 1

Expenses: $722,934

Residents typically suffer from severe mental illness such as paranoid schizophrenia, bipolar disorder, major affective disorders, and PTSD. Many of the individuals served are dual diagnosed with...

Residents typically suffer from severe mental illness such as paranoid schizophrenia, bipolar disorder, major affective disorders, and PTSD. Many of the individuals served are dual diagnosed with drug and alcohol dependency, as well as, suffering from physical limitations. Due to the unique 24-hour staffing, training and dedication to this population, many residents who have failed at other facilities, succeed at Newbridge Place in maintaining more independent living, During the fiscal year 2025, 31 residents were served.

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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 (2025)

Revenue Breakdown

Contributions & Grants $138,654

Program Service Revenue $613,069

Investment Income $30,045

Other Revenue $7,088

TOTAL REVENUE $788,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,422

Fundraising Expenses $0

Program Expenses $722,934

Other Expenses $292,517

TOTAL EXPENSES $746,939

Year-over-Year Comparison

	2025	2024	Change
Revenue	$788,856	$773,482	+0.0%
Expenses	$746,939	$781,365	0.0%
Net Income	$41,917	$-7,883	-6.3%

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

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

$80,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erzsebet Mikita	Executive Director	50.00	Officer	$80,545	$0	$80,545
Joe Lattanzio	President	1.50	Officer Director	$0	$0	$0
Debra Beckstett	SecretaryTreasurer	1.50	Officer Director	$0	$0	$0
Michelle Evans	Trustee	1.00	Director	$0	$0	$0
Robert Andrews	Trustee	1.00	Director	$0	$0	$0
Neica Davies	Trustee	1.00	Director	$0	$0	$0
Kenneth Rambo	Advisory Committee	1.00	Director	$0	$0	$0
Jane Norton	Advisory Commitee	1.00	Director	$0	$0	$0
Richard Heilman	Advisory Commitee	1.00	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
2025	$788,856	$746,939	$1,168,444	$41,917
2024	$773,482	$781,365	$949,661	$-7,883
2023	$870,903	$873,115	$1,031,977	$-2,212
2022	$918,780	$572,087	$957,684	$346,693
2021	$791,963	$717,759	$966,860	$74,204
2020	$727,105	$677,517	$1,024,629	$49,588
2019	$712,010	$693,074	$928,397	$18,936
2018	$647,441	$666,977	$960,261	$-19,536