NEW START HOUSING PARTNERS INC (EIN 593362072) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

IRWIN INWOOD

Phone

4073431910

Tax Period

2024-01-01 to 2024-12-31

NEW START HOUSING PARTNERS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $484K in total revenue in fiscal year 2024. Revenue surged 705% from the prior year, signaling strong growth momentum. Expenses of $624K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING TO ECONOMICALLY CHALLENGED INDIVDUALS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $124,776

Investment Income $131

Other Revenue $359,264

TOTAL REVENUE $484,171

Expense Breakdown

Grants Paid $14,374

Salaries & Benefits $389,899

Fundraising Expenses $0

Program Expenses $466,358

Other Expenses $219,507

TOTAL EXPENSES $623,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,171	$60,124	+7.1%
Expenses	$623,780	$357,529	+0.7%
Net Income	$-139,609	$-297,405	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$145,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRWIN INWOOD	PRESIDENT	40.00	Officer	$72,500	$0	$72,500
TERRY O INWOOD	BOOKKEEPER	40.00	Officer	$72,500	$0	$72,500
STAN MAMINSKI	OFFICER	0.00	Officer	$0	$0	$0
GINNIE MAMINSKI	OFFICER	0.00	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
2024	$484,171	$623,780	$718,184	$-139,609
2023	$568,177	$676,637	$1,526,764	$-108,460
2023	$60,124	$357,529	$1,154,284	$-297,405
2022	$856,039	$670,097	$1,665,913	$185,942

NEW START HOUSING PARTNERS INC