NEW PROSPECTS HOUSING CORPORATION (EIN 542116300) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

CANDACE TIMMERMAN

Phone

8035361056

Tax Period

2024-10-01 to 2025-09-30

NEW PROSPECTS HOUSING CORPORATION, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $131K in total revenue in fiscal year 2024. Net assets of $677K represent 62 months of operating reserves.

Mission

NEW PROSPECTS HOUSING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 12 UNIT COMMUNITY KNOWN AS NEW PROSPECTS LOCATED IN ANDERSON, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $80,456

Program Service Revenue $47,366

Investment Income $2,579

Other Revenue $250

TOTAL REVENUE $130,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,504

Other Expenses $141,256

TOTAL EXPENSES $141,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,651	$132,281	0.0%
Expenses	$141,256	$118,612	+0.2%
Net Income	$-10,605	$13,669	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN THOMAS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DENISE FRANKLIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM BOYD	TREASURER	1.00	Officer Director	$0	$0	$0
ALYSON RAINEY	DIRECTOR	1.00	Director	$0	$0	$0
BRITT GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
IRENE HAMILTON-JONES	DIRECTOR	1.00	Director	$0	$0	$0
MARK O'ROURKE	DIRECTOR	1.00	Director	$0	$0	$0
JACK READ	DIRECTOR	1.00	Director	$0	$0	$0
LESLEE O'KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MULLEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SALVINI	DIRECTOR	1.00	Director	$0	$0	$0
GARY STANCELL	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI RUSKTIKOVA	DIRECTOR	1.00	Director	$0	$0	$0
JERVELLE FORT	SECRETARY	1.00	Officer Director	$0	$0	$0
CANDACE TIMMERMAN	PRESIDENT	40.00	Officer	$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	$130,651	$141,256	$772,622	$-10,605
2024	$132,281	$118,612	$763,028	$13,669
2023	$177,463	$129,746	$752,922	$47,717
2022	$204,976	$112,103	$705,995	$92,873
2021	$138,144	$102,870	$637,339	$35,274
2020	$119,928	$112,290	$602,965	$7,638
2019	$103,501	$103,086	$601,201	$415

NEW PROSPECTS HOUSING CORPORATION