NEW LIFE VILLAGE INC

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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

2008

Legal Domicile

Principal Officer

FRANK CORNIER

Phone

8133040623

Tax Period

2024-09-01 to 2025-08-31

NEW LIFE VILLAGE INC, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

NEW LIFE VILLAGE PROVIDES A RESIDENTIAL COMMUNITY WHERE FAMILIES SEEKING PERMANENCY FOR CHILDREN IMPACTED BY FOSTER CARE OR TRAUMA CAN SEEK HEALING IN A SAFE AND STABLE INTERGENERATIONAL VILLAGE.

Program Service Accomplishments

Program 1

Expenses: $910,485 Revenue: $627,977

NLV PROVIDES AN AFFORDABLE HOUSING PROGRAM FOR 52 HOUSEHOLDS. APPROXIMATELY 95% OF NLV RESIDENTS ARE BELOW 80% OF THE AREA MEDIUM INCOME MEANING THEY ARE LOW INCOME. BY PROVIDING AFFORDABLE AND...

NLV PROVIDES AN AFFORDABLE HOUSING PROGRAM FOR 52 HOUSEHOLDS. APPROXIMATELY 95% OF NLV RESIDENTS ARE BELOW 80% OF THE AREA MEDIUM INCOME MEANING THEY ARE LOW INCOME. BY PROVIDING AFFORDABLE AND ATTAINABLE HOUSING FOR OUR RESIDENTS, CAREGIVERS ARE ABLE TO SAVE FOR HOMEOWNERSHIP, REPAIR CREDIT, AND INVEST IN RAISING THE TRAUMA IMPACTED YOUTH IN THEIR CARE. NLV RENTS ARE OVER 1,000/MONTH UNDER MARKET RATES FOR COMPARABLE RENTALS IN THE TAMPA AREA. AFFORDABLE 3 & 4 BEDROOM RENTALS ARE VERY RARE IN THE TAMPA AREA AND ALMOST ALWAYS HAVE SIGNIFICANT WAITING LISTS. OFTEN CAREGIVERS ARE IN NEED OF LARGE BEDROOM UNITS TO CARE FOR SIBLINGS GROUPS IN FOSTER CARE.

Program 2

Expenses: $469,153

NLV'S TRAUMA INFORMED HOUSING, HEALING, AND RESILIENCE PROGRAM SERVES APPROX 170 RESIDENTS, 115 BEING CHILDREN AND THE REST CAREGIVERS OR SERVING SENIORS. THE PROGRAM IS DESIGNED FOR CHILDREN...

NLV'S TRAUMA INFORMED HOUSING, HEALING, AND RESILIENCE PROGRAM SERVES APPROX 170 RESIDENTS, 115 BEING CHILDREN AND THE REST CAREGIVERS OR SERVING SENIORS. THE PROGRAM IS DESIGNED FOR CHILDREN FORMERLY IN FOSTER CARE AND/OR AFFECTED BY TRAUMA. THEIR FOSTER/ADOPTIVE/ KINSHIP FAMILIES NOW PROVIDE THEM WITH PERMANENCY. ALSO, ELDERS SEEKING MEANING AND PURPOSE IN RETIREMENT SERVE AS SURROGATE GRANDPARENTS,TUTORS, AND MENTORS TO THE CHILDREN IN THE VILLAGE. NLV'S COMMUNITY-DRIVEN INTEGRATED ONSITE SERVICES IMPROVE HEALTH AND WELLBEING BY PROVIDING WRAP AROUND SERVICES INCLUDING FAMILY SUPPORT PLAN-ORIENTED CASE MANAGEMENT, SERVICE NAVIGATION AND REFERRALS, COMMUNITY EVENTS TO HELP CHILDREN HEAL, CAREGIVERS TO REALIZE RESOURCES TO PROMOTE (CONTINUED ON SCHEDULE O)

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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 $828,439

Program Service Revenue $627,977

Investment Income $19

Other Revenue $32,025

TOTAL REVENUE $1,488,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $477,807

Fundraising Expenses $161,388

Program Expenses $1,379,638

Other Expenses $1,166,725

TOTAL EXPENSES $1,662,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,488,460	$1,690,560	-0.1%
Expenses	$1,662,484	$1,526,329	+0.1%
Net Income	$-174,024	$164,231	-2.1%

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

255

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

$111,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIAH HAYDEN	EXECUTIVE DI	40.00	Officer	$106,381	$5,599	$111,980
ANN MARIE BELL	DIRECTOR	2.00	Director	$0	$0	$0
SILVANA CAPALDI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
HEATHER CAZZOLA	DIRECTOR	2.00	Director	$0	$0	$0
FRANK CORNIER	TREASURER	2.00	Officer Director	$0	$0	$0
VECELIA JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
GAVIN NELSON	DIRECTOR	2.00	Director	$0	$0	$0
FRANK PAZDZINSKI	FORMER TREAS	2.00	Officer Director	$0	$0	$0
MICHAEL PEROTTI	DIRECTOR	2.00	Director	$0	$0	$0
JIM RESCH	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE TUCKER	DIRECTOR	2.00	Director	$0	$0	$0
JOE WESSEL	CHAIR	2.00	Officer Director	$0	$0	$0
TOM WILLETT	DIRECTOR	2.00	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	$1,488,460	$1,662,484	$8,406,806	$-174,024
2024	$1,690,560	$1,526,329	$8,600,085	$164,231
2023	$1,070,451	$1,212,172	$7,493,966	$-141,721
2022	$3,293,367	$708,459	$7,477,069	$2,584,908
2021	$1,733,414	$707,993	$4,745,334	$1,025,421
2020	$907,611	$496,301	$3,715,166	$411,310
2019	$991,437	$524,328	$3,172,158	$467,109
2018	$441,841	$400,089	$2,778,197	$41,752