NEW HORIZONS PROPERTIES III INC

EIN: 592528673 501(c)(3)

GAINESVILLE, FL

Total Revenue
$94,474
Total Expenses
$98,168
Total Assets
$146,562
Net Assets
$-231,767
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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
1984
Legal Domicile
FL
Principal Officer
DR MARGARITA M LABARTA
Phone
3523745600
Tax Period
2017-07-01 to 2018-06-30

NEW HORIZONS PROPERTIES III INC, founded in 1984, is a micro nonprofit that reported $94K in total revenue in fiscal year 2017.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE MENTALLY ILL

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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 $47,367
Program Service Revenue $46,835
Investment Income $272
Other Revenue $0
TOTAL REVENUE $94,474

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,322
Other Expenses $98,168
TOTAL EXPENSES $98,168

Year-over-Year Comparison

2017 2016 Change
Revenue $94,474 $92,811 +0.0%
Expenses $98,168 $104,080 -0.1%
Net Income $-3,694 $-11,269 -0.7%
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
LILLIAN CASON VICE PRESIDE 0.10
Officer Director
$0 $0 $0
CHARLES L ALLEN PRESIDENT 0.25
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 $94,474 $98,168 $146,562 $-3,694
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