New Vision Housing Foundation Inc C/o James F Caplan

Nonprofit profile at a glance

EIN
453413645
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Ocean Ridge, FL, USA
Phone
5616789988
Rating confidence
Limited
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$0
Expenses
$60,060
Assets
$615,918
Liabilities
$1,516,096

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • KENNETH G WEISS (DIRECTOR/PRESIDENT)

People named in this filing

  • KENNETH G WEISS (DIRECTOR/PRESIDENT)
  • ROBERT SNOW (DIRECTOR)
  • IBRAHIM MANSURI (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Foster, support, construct, develop, acquire, rehabilitate, manage and/or operate and provide qualified affordable housing for low income persons and families, qualified housing for mentally and physically challenged persons, and qualified housing for elderly persons within the united states, all as provided, inter alia, in internal revenue service revenue rulings 70-585, 1970-2 c b 115, 79-18, 1979-1 c b 194, and 79-19, 1979-1 c b 195 and internal revenue service revenue procedure 96-32 (including specifically the requirements that must be satisfied to qualify under the safe harbor or "facts and circumstances" tests thereunder) or any successor, supplemental, amending or superseding internal revenue service announcement, ruling or procedure. The organization, further, shall be authorized to undertake activities which lessen the burdens of government and promote social welfare.

What it reported doing in 2024

Undertook construction of low income housing project.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 100
  • Accountability: 6
  • Sustainability: 26
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 66.4%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 10.26; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 2.46; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -24.5% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -43.2% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 10.1% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 66.4% of spending went to programs
  • Governance: 0 of 3 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $40K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.