New Beginnings Housing Corporation

EIN: 863291145 501(c)(3) Housing & Shelter

Clermont, FL

Total Revenue
$312,210
Total Expenses
$14,159
Total Assets
$298,051
Net Assets
$298,051
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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
2021
Legal Domicile
FL
Tax Period
2021-01-01 to 2021-12-31

New Beginnings Housing Corporation, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $312K in total revenue in fiscal year 2021. The organization ran a surplus of $298K, a strong 95% operating margin.

Mission

Construction of affordable hoousing in central Florida

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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 (2021)

Revenue Breakdown

Contributions & Grants $312,060
Program Service Revenue $0
Investment Income $150
Other Revenue $0
TOTAL REVENUE $312,210

Expense Breakdown

Grants Paid $5,050
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,159
Other Expenses $9,109
TOTAL EXPENSES $14,159

Year-over-Year Comparison

2021 2020 Change
Revenue $312,210 N/A N/A
Expenses $14,159 N/A N/A
Net Income $298,051 N/A N/A
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
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Graydon T Smith Secretary 2.00
Officer
$0 $0 $0
Thomas Ryan Vice President 2.00
Officer
$0 $0 $0
Steve Smith President 0.00
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
2021 $312,210 $14,159 $298,051 $298,051
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