NEW EAST PROPERTIES INC

EIN: 562238532 501(c)(3) Housing & Shelter

GOLDSBORO, NC

Total Revenue
$9,106
Total Expenses
$150
Total Assets
$353,583
Net Assets
$353,583
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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

Principal Officer
DENISE PARSONS
Phone
9197349300
Tax Period
2024-01-01 to 2024-12-31

NEW EAST PROPERTIES INC is a micro nonprofit in the Housing & Shelter sector that reported $9K in total revenue in fiscal year 2024. The organization ran a surplus of $9K, a strong 98% operating margin.

Mission

TO PROVIDE SAFE AND SANITARY HOUSING CHOICES TO LOW INCOME FAMILIES OF EASTERN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,106
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $150
TOTAL EXPENSES $150

Year-over-Year Comparison

2024 2023 Change
Revenue $9,106 N/A N/A
Expenses $150 $725 -0.8%
Net Income $8,956 $-725 -13.4%
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

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Governance

Voting Members
8
Independent Members
8
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL KORNEGAY JR DIRECTOR N/A
Director
$0 $0 $0
SANDRA NORRIS DIRECTOR N/A
Director
$0 $0 $0
DENISE PARSONS VICE PRESIDE N/A
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 No data No data No data No data
2024 $9,106 $150 $353,583 $8,956
2023 No data $725 $344,627 No data
2022 No data $350 $345,352 No data
2021 No data $425 $345,702 No data
2020 No data $125 $346,127 No data
2019 No data $125 $346,252 No data
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