NEW HORIZONS PROPERTIES INC

EIN: 592318762 501(c)(3)

GAINESVILLE, FL

Total Revenue
$63,065
Total Expenses
$73,113
Total Assets
$233,717
Net Assets
$-149,522
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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
1983
Legal Domicile
FL
Principal Officer
DR MARGARITA M LABARTA
Phone
3523745600
Tax Period
2017-07-01 to 2018-06-30

NEW HORIZONS PROPERTIES INC, founded in 1983, is a micro nonprofit that reported $63K in total revenue in fiscal year 2017. Expenses of $73K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE MENTALLY ILL

Program Service Accomplishments

Program 1
Expenses: $54,567 Revenue: $24,051

RESIDENTIAL GROUP HOME FOR THE CHRONICALLY MENTALLY ILL CLIENTS UNDERGOING TREATMENT AT MERIDIAN BEHAVIORAL HEALTHCARE, INC. (A RELATED ENTITY)

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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 (2017)

Revenue Breakdown

Contributions & Grants $38,570
Program Service Revenue $24,051
Investment Income $444
Other Revenue $0
TOTAL REVENUE $63,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,567
Other Expenses $73,113
TOTAL EXPENSES $73,113

Year-over-Year Comparison

2017 2016 Change
Revenue $63,065 $61,395 +0.0%
Expenses $73,113 $78,222 -0.1%
Net Income $-10,048 $-16,827 -0.4%
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
5
Independent Members
4
Employees
N/A
Volunteers
5

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
$252,808
Total Directors
5
$252,808
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MARGARITA M LABARTA SECRETARY/TR 0.10
Officer Director
$0 $15,623 $252,808
CHARLES L ALLEN PRESIDENT 0.25
Officer Director
$0 $0 $0
LILLIAN CASON VICE PRESIDE 0.10
Officer Director
$0 $0 $0
CHARLES DEBOLT DIRECTOR 0.10
Director
$0 $0 $0
EDWARD ANDREW BERNARD DIRECTOR 0.10
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
2018 $63,065 $73,113 $233,717 $-10,048
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