NEWLIFE HOMES INC (EIN 850406074) - 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

1992

Legal Domicile

Principal Officer

JOHN BLOOMFIELD

Phone

5052937553

Tax Period

2023-07-01 to 2024-06-30

NEWLIFE HOMES INC, founded in 1992, is a small nonprofit in the Unknown sector that reported $625K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $831K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO FOSTER THE DEVELOPMENT OF HOUSING FOR PERSONS WITH PSYCHIATRIC DISABILITIES AND/OR PERSONS OF VERY LOW INCOME WITHIN THAT PURPOSE, THE ORGANIZATION SHALL ENGAGE IN ACTIVITIES TO CREATE, DEVELOP, OPERATE OR SUPPORT VARIOUS HOUSING OPTIONS FOR PERSONS WITH PSYCHIATRIC DISABILITIES AND VERY LOW INCOME.

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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 $0

Program Service Revenue $609,881

Investment Income $15,223

Other Revenue $175

TOTAL REVENUE $625,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,932

Fundraising Expenses $0

Program Expenses $561,161

Other Expenses $796,389

TOTAL EXPENSES $831,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$625,279	$572,791	+0.1%
Expenses	$831,321	$732,287	+0.1%
Net Income	$-206,042	$-159,496	+0.3%

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

$34,932

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL VAN GULICK	PRESIDENT/TR	0.20	Director	$0	$0	$0
PATRICIA RAY	SECRETARY	0.20	Director	$0	$0	$0
CHANDRA DORAN	DIRECTOR	0.20	Director	$0	$0	$0
RUSSELL THOMPSON	DIRECTOR	0.20	Director	$0	$0	$0
JOHN BLOOMFIELD	EXECUTIVE DI	8.00	Director	$34,932	$0	$34,932

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	No data	No data	No data	No data
2024	$625,279	$831,321	$7,146,167	$-206,042
2023	$572,791	$732,287	$7,405,647	$-159,496
2022	$527,705	$742,888	$7,566,835	$-215,183
2021	$497,906	$742,789	$6,350,423	$-244,883
2020	$560,166	$696,916	$6,619,493	$-136,750
2019	$475,790	$638,225	$6,781,509	$-162,435

NEWLIFE HOMES INC