DANBURY, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE NEW AMERICAN DREAM FOUNDATION INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $242K in total revenue in fiscal year 2024. Expenses of $207K left a modest 15% surplus.
TO PROVIDE SCHOLARSHIPS AND FINANCIAL INCENTIVES FOR STUDENTS, VETERANS, PERSONS OF THE YEAR, AND LOCAL NON-PROFIT ORGANIZATIONS THAT SHARE IN THE CORE AMERICAN VALUES OF EQUAL OPPORTUNITY, AND FREEDOM IN THE AREAS OF EDUCATION, HEALTH AND CIVIC ENGAGEMENT.
THE NEW AMERICAN DREAM FOUNDATION, INC. (TNADF) IS A NON-PROFIT 501(C)(3) ORGANIZATION ESTABLISHED IN 2016 BY THE BACELAR-PALMARES FAMILY. IT SERVES AS THE PHILANTHROPIC BRANCH OF THE TRIBUNA...
THE NEW AMERICAN DREAM FOUNDATION, INC. (TNADF) IS A NON-PROFIT 501(C)(3) ORGANIZATION ESTABLISHED IN 2016 BY THE BACELAR-PALMARES FAMILY. IT SERVES AS THE PHILANTHROPIC BRANCH OF THE TRIBUNA NEWSPAPER, A TRILINGUAL PUBLICATION FOUNDED BY THE FAMILY IN 1999. THE AMERICAN DREAM AWARDS GALA IS THE MAIN FUNDRAISING EVENT FOR THE TNADF. SINCE ITS INCEPTION, TNADF'S AMERICAN DREAM AWARDS HAVE BEEN AWARDED TO 30 STUDENTS OF THE YEAR, 5 PERSONS OF THE YEAR, 5 VETERANS OF THE YEAR, AND 6 NON-PROFIT ORGANIZATIONS. THIS EFFORT HAS RESULTED IN A TOTAL OF $92,000 IN SCHOLARSHIPS AND FINANCIAL INCENTIVES, MADE POSSIBLE THROUGH THE ONGOING COMMITMENT AND SUPPORT OF OUR SPONSORS AND DONORS. A PORTION OF THE PROCEEDS FROM THE ANNUAL GALA TICKET SALES HAS BEEN DONATED TO NUVANCE HEALTH (DANBURY HOSPITAL) FOR THE PAST EIGHT YEARS. THIS CONTRIBUTION HELPS SUBSIDIZE PART OF THE COST OF MISSION HEALTH DAY, AN EVENT THAT PROVIDES WELLNESS SERVICES THROUGH A PARTNERSHIP BETWEEN DANBURY HOSPITAL AND TNADF. THE GOAL OF MISSION HEALTH DAY IS TO OFFER FREE HEALTHCARE TREATMENT TO THE LOCAL UNDERINSURED AND UNISURED POPULATION. TO DATE, THE TOTAL AMOUNT RAISED AND DONATED TO THE DANBURY HOSPITAL/NUVANCE HEALTH PRORGAM IS $124,800. BETWEEN SCHOLARSHIPS, FINANCIAL INCENTIVES TO INDIVIDUALS AND LOCAL NON-PROFIT ORGANIZATIONS, AND DONATIONS TO DANBURY HOSPITAL/NUVANCE HEALTH, TNADF HAS DISTRIBUTED $228,050. SINCE THE EVENT'S INCEPTION. IN APRIL 2020, TNADF POSTPONED ITS ANNUAL SCHOLARSHIP GALA TO FOCUS ON ADDRESSING THE IMMEDIATE NEEDS OF THE COMMUNITY DURING COVID-19 PANDEMIC. AS PART OF THIS EFFORT, TNADF LAUNCHED THE COVID-19 HOT MEALS PROGRAM, WHICH INITIALLY SERVED CHILDREN AND FAMILIES, AND LATER EXPANDED TO SENIORS WITH DISABILITIES RESIDING IN EIGHT LOCAL SENIOR FACILITIES IN DANBURY-KIMBERLY PLACE, DANBURY TOWERS, PALACE VIEW, BISHOP CURTIS , PUTNAM TOWERS, GLEN APARTMENTS, CROSBY MANOR, AND DANBURY COMMONS, THIS ONGOING SENIOR HOT MEALS PROGRAM CURRENTLY PROVIDES 650 MEALS EACH MONTH TO THESE FACILITIES. TO DATE, TNADF HAS RAISED OVER $235,000 THROUGH SMALL ONLINE CONTRIBUTIONS FROM INDIVIDUALS, AS WELL AS GRANTS FROM LOCAL, FEDERAL, AND GLOBAL CORPORATIONS AND ORGANIZATIONS, AND HAS DELIVERED MORE THAN 45,000 MEAS. THROUGH THIS PROGRAM, COMMUNITY MEMBERS CAN VOLUNTEER AND CONTRIBUTE TO THE DESCENDANTS OF EARLIER IMMIGRANTS, ON WHOSE FOUNDATION EVERY NEW COMMUNITY STANDS THE NEW AMERICAN DREAM CENTER ANNUAL REPORT FOR 2024 CAN BE FURNISHED UPON REQUEST
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $242,489 | $230,817 | +0.1% |
| Expenses | $207,043 | $186,535 | +0.1% |
| Net Income | $35,446 | $44,282 | -0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CELIA BACELAR PALMARES | PRESIDENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| EMANUELA PALMARES | VICE PRESIDENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| GENILSON PALMARES | TREASURER/SECRETARY | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $242,489 | $207,043 | $199,916 | $35,446 |
| 2023 | $230,817 | $186,535 | $163,623 | $44,282 |
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