NEW SMYRNA BEACH HOUSING DEVELOPMENT CORPORATION (EIN 822953378) - 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

2017

Legal Domicile

Principal Officer

TERESA POPE

Phone

3864288171

Tax Period

2024-04-01 to 2025-03-31

NEW SMYRNA BEACH HOUSING DEVELOPMENT CORPORATION, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $205K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $183K left a modest 11% surplus.

Mission

THE NSBHDC WAS CREATED TO PROVIDE, DEVELOP, REHAB CONSTRUCT AND OR ACQUIRE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS AND OR FAMILIES , INCLUDING BUT NOT LIMITED TO MIXED INCOME AND MIXED USE

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $148,899

Investment Income $0

Other Revenue $56,377

TOTAL REVENUE $205,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,398

Fundraising Expenses $0

Program Expenses $182,604

Other Expenses $178,206

TOTAL EXPENSES $182,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,276	$241,829	-0.2%
Expenses	$182,604	$184,544	0.0%
Net Income	$22,672	$57,285	-0.6%

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

N/A

Independent Members

N/A

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
MICHELLE DAVIS	BOARD MEMBER	0.10	Director	$0	$0	$0
WILDA BENNETT	BOARD MEMBER	0.10	Director	$0	$0	$0
JUDY REIKER	CHAIR PERSON	0.10	Director	$0	$0	$0
REGIS ANNE SLOAN	VICE CHAIR PERSON	0.10	Director	$0	$0	$0
NELSON MCDONALD	BOARD MEMBER	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
2025	$205,276	$182,604	$2,041,623	$22,672
2024	$241,829	$184,544	$2,030,372	$57,285
2023	$116,093	$173,615	$1,992,445	$-57,522
2022	$427,108	$115,612	$1,919,350	$311,496
2021	$713,484	$51,033	$1,463,193	$662,451

NEW SMYRNA BEACH HOUSING DEVELOPMENT CORPORATION