NEW BERN OLDER ADULT HOUSING INCORPORATED (EIN 562133316) - 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

1999

Legal Domicile

Principal Officer

LEE SYRIA

Phone

2526383517

Tax Period

2023-10-01 to 2024-09-30

NEW BERN OLDER ADULT HOUSING INCORPORATED, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $413K in total revenue in fiscal year 2023. Expenses of $524K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO SENIOR CITIZENS IN NEW BERN, NORTH CAROLINA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $248,001

Program Service Revenue $155,672

Investment Income $-1,011

Other Revenue $10,207

TOTAL REVENUE $412,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $466,518

Other Expenses $524,325

TOTAL EXPENSES $524,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$412,869	$396,166	+0.0%
Expenses	$524,325	$434,003	+0.2%
Net Income	$-111,456	$-37,837	+1.9%

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

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

$959,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY TOBIN	CHAIR	0.25	Officer Director	$0	$0	$0
JESSE CLANTON	DIRECTOR	0.25	Director	$0	$0	$0
TERESA COOPER	DIRECTOR	0.25	Director	$0	$0	$0
LARRY COVINGTON	DIRECTOR	0.25	Director	$0	$0	$0
WALTER HOFFMAN	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE POOLER	DIRECTOR	0.25	Director	$0	$0	$0
VICTOR TAYLOR	DIRECTOR	0.25	Director	$0	$0	$0
LISA WARD	DIRECTOR	0.25	Director	$0	$0	$0
MARY WORSLEY	DIRECTOR	0.25	Director	$0	$0	$0
LEE SYRIA	PRESIDENT/CEO	0.25	Officer	$0	$48,900	$541,411
JEANNETTE BRECKENRIDGE	DIRECTOR OF HOUSING SERVICES	0.25	Officer	$0	$16,817	$171,026
TAMMY JONES	CHIEF FINANCIAL OFFICER	0.25	Officer	$0	$32,210	$247,101

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	$412,869	$524,325	$1,268,893	$-111,456
2023	$396,166	$434,003	$1,325,288	$-37,837
2022	$381,357	$390,280	$1,372,988	$-8,923
2021	$358,016	$501,879	$1,450,133	$-143,863
2020	$301,303	$411,695	$1,475,273	$-110,392
2019	$301,668	$371,473	$1,540,661	$-69,805
2018	$299,823	$344,440	$1,598,983	$-44,617

NEW BERN OLDER ADULT HOUSING INCORPORATED