NEWVUE LIABILITIES TO ASSETS

EIN: 831779956 501(c)(3) Community Improvement

FITCHBURG, MA

Total Revenue
$9,164
Total Expenses
$31,711
Total Assets
$2,146,671
Net Assets
$133,569
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MA
Principal Officer
CHRISTINA DIRUSSO
Phone
9783429561
Tax Period
2024-07-01 to 2025-06-30

NEWVUE LIABILITIES TO ASSETS, founded in 2018, is a micro nonprofit in the Community Improvement sector that reported $9K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $32K exceeded revenue, resulting in a 246% operating deficit.

Mission

LIABILITIES TO ASSETS IS A PILOT PROGRAM THAT THE EXECUTIVE OFFICE OF HOUSING AND LIVABLE COMMUNITIES CREATED TO HELP COMMUNITIES STABILIZE NEIGHBORHOODS BY REDEVELOPING DETERIORATED PROPERTIES THAT ARE CONSIDERED A BLIGHT. THE PROGRAM WILL SUPPORT THE PURCHASE AND REHABILITATION OF PRIMARILY ONE AND TWO FAMILY PROPERTIES THAT HAVE BEEN VACANT FOR AT LEAST 3 YEARS AT THE TIME OF DEVELOPMENT AND HAVE A NEGATIVE IMPACT ON THEIR SURROUNDING NEIGHBORHOOD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $9,164
Other Revenue $0
TOTAL REVENUE $9,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $31,711
TOTAL EXPENSES $31,711

Year-over-Year Comparison

2024 2023 Change
Revenue $9,164 $6,084 +0.5%
Expenses $31,711 $21,615 +0.5%
Net Income $-22,547 $-15,531 +0.5%
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
8
Independent Members
8
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA DIRUSSO BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIN NANO BOARD TREASURER 1.00
Officer Director
$0 $0 $0
MARC DOHAN BOARD CLERK 1.00
Officer Director
$0 $0 $0
TOM GRAY BOARD PRESIDENT (UNTIL 6/2025) 1.00
Officer Director
$0 $0 $0
LIZ MURPHY BOARD DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH WOOD BOARD DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY PARKER BOARD DIRECTOR 1.00
Director
$0 $0 $0
PHILIP DUFFY BOARD DIRECTOR 1.00
Director
$0 $0 $0
TREVOR BEAUREGARD BOARD DIRECTOR (UNTIL 11/2024) 1.00
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 $9,164 $31,711 $2,146,671 $-22,547
2024 $6,084 $21,615 $2,179,725 $-15,531
2023 $267,319 $95,672 $2,117,672 $171,647
2022 $156,997 $156,997 $1,804,267 No data
2021 $159,686 $159,686 $942,240 No data
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