NEW HORIZONS FOR COMMUNITY BOUND INDIVIDUALS INC

EIN: 591931651 501(c)(3)

HIALEAH, FL

Total Revenue
$1,861,352
Total Expenses
$1,790,312
Total Assets
$529,292
Net Assets
$493,192
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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
1979
Legal Domicile
FL
Principal Officer
DAVID KATZENSTEIN
Phone
3058871535
Tax Period
2024-07-01 to 2025-06-30

NEW HORIZONS FOR COMMUNITY BOUND INDIVIDUALS INC, founded in 1979, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 4% surplus.

Mission

TO PROVIDE AN ADULT RESIDENTIAL TRAINING PROGRAM FOR PERSONS WITH DEVELOPMENTAL DISABILITIES. THE PRIMARY GOAL FOR OUR SERVICES IS TO PROVIDE PEOPLE WITH KNOWLEDGE AND PRACTICAL EXPERIENCE TO BE INDEPENDENT ADULTS SO THEY CAN BECOME CONTRIBUTING MEMBERS OF THEIR COMMUNITY; OFFERING INDIVIDUALS WITH DISABILITIES THE AVENUES TO EXPLORE AND EXPERIENCE PERSONAL GROWTH AND ACHIEVEMENT THROUGH AWARENESS, EDUCATION, COMMUNITY RESOURCES AND PERSONAL RELATIONSHIPS.

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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 $20,853
Program Service Revenue $1,835,791
Investment Income $4,708
Other Revenue $0
TOTAL REVENUE $1,861,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,220,193
Fundraising Expenses $0
Program Expenses $1,306,663
Other Expenses $570,119
TOTAL EXPENSES $1,790,312

Year-over-Year Comparison

2024 2023 Change
Revenue $1,861,352 $1,506,874 +0.2%
Expenses $1,790,312 $1,596,259 +0.1%
Net Income $71,040 $-89,385 -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

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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
8
$134,473
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED ALDAMA DIRECTOR 40.00
Director
$134,473 $0 $134,473
ERIC ARRINGTON ESQ DIRECTOR N/A
Director
$0 $0 $0
THOMAS FLINGOS SECRETARY, T N/A
Officer Director
$0 $0 $0
ROBIN SUE KATZENSTEIN DIRECTOR N/A
Director
$0 $0 $0
FRANCISCO ORDONEZ DIRECTOR N/A
Director
$0 $0 $0
MAYRA MARIA ROLDAN DIRECTOR N/A
Director
$0 $0 $0
CHERYL ANN THOMAS DIRECTOR N/A
Director
$0 $0 $0
RHODA WINTERS DIRECTOR N/A
Director
$0 $0 $0
JOHN THOMAS CLARK VICE-PRESIDE N/A
Officer
$0 $0 $0
DAVID KATZENSTEIN PRESIDENT 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 $1,861,352 $1,790,312 $529,292 $71,040
2024 $1,506,874 $1,596,259 $436,956 $-89,385
2023 $2,020,968 $2,051,682 $529,458 $-30,714
2022 $1,578,871 $1,589,789 $1,079,117 $-10,918
2021 $1,446,245 $1,392,047 $973,137 $54,198
2020 $1,516,954 $1,270,214 $977,740 $246,740
2019 $1,369,318 $1,333,540 $666,335 $35,778
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