BUILDING NEW FOUNDATIONS INC

EIN: 870950609 501(c)(3) Housing & Shelter

THE VILLAGES, FL

Total Revenue
$852,867
Total Expenses
$260,602
Total Assets
$2,191,494
Net Assets
$2,172,244
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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
Principal Officer
JAY TREVOR
Phone
9139093490
Tax Period
2023-01-01 to 2023-12-31

BUILDING NEW FOUNDATIONS INC, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $853K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $592K, a strong 69% operating margin.

Mission

PROVIDING AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY AND DISABLED RESIDENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $764,459
Program Service Revenue $88,408
Investment Income $0
Other Revenue $0
TOTAL REVENUE $852,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,309
Fundraising Expenses $0
Program Expenses $238,633
Other Expenses $139,293
TOTAL EXPENSES $260,602

Year-over-Year Comparison

2023 2022 Change
Revenue $852,867 $962,676 -0.1%
Expenses $260,602 $69,295 +2.8%
Net Income $592,265 $893,381 -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

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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
0
$0
Total Directors
1
$121,309
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY TREVOR DIRECTOR 40.00
Director
$121,309 $0 $121,309
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
2023 $852,867 $260,602 $2,191,494 $592,265
2022 $962,676 $69,295 $1,573,291 $893,381
2021 $685,000 $5,090 $679,910 $679,910
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