NEW HOPE APARTMENTS INC (EIN 621768268) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

DEBBIE NEELY

Phone

9317965427

Tax Period

2023-07-01 to 2024-06-30

NEW HOPE APARTMENTS INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2023. Expenses of $213K exceeded revenue, resulting in a 45% operating deficit.

Mission

RESIDENTIAL HOUSING PROJECT. THE ORGANIZATION OPERATES A 19-UNIT HOUSING PROJECT IN LAWRENCEBURG, TENNESSEE FOR THE BENEFIT OF PHYSICALLY DISABLED AND CHRONICALLY MENTALLY ILL PERSONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,676

Program Service Revenue $76,840

Investment Income $1,506

Other Revenue $0

TOTAL REVENUE $147,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,698

Fundraising Expenses $0

Program Expenses $182,751

Other Expenses $164,137

TOTAL EXPENSES $212,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,022	$137,283	+0.1%
Expenses	$212,835	$157,156	+0.4%
Net Income	$-65,813	$-19,873	+2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GALBREATH	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN GALBREATH	SECRETARY	1.00	Officer Director	$0	$0	$0
CHELSEA COTHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY MAYBERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY T RISNER	EXECUTIVE DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$147,022	$212,835	$441,622	$-65,813
2023	$137,283	$157,156	$478,198	$-19,873
2022	$134,981	$165,380	$499,717	$-30,399
2021	$133,397	$163,714	$538,291	$-30,317
2020	$135,910	$163,230	$547,124	$-27,320
2019	$130,038	$161,308	$572,773	$-31,270
2018	$133,136	$165,192	$601,756	$-32,056

NEW HOPE APARTMENTS INC