NEW ECOLOGY INC

EIN: 043447828 501(c)(3) Environment

BOSTON, MA

Total Revenue
$9,921,899
Total Expenses
$7,845,234
Total Assets
$6,288,080
Net Assets
$3,566,302
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MA
Principal Officer
KIM STEVENSON
Phone
6175571700
Tax Period
2024-01-01 to 2024-12-31

NEW ECOLOGY INC, founded in 1999, is a community nonprofit in the Environment sector that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 21% operating margin.

Mission

SEE SCHEDULE "O"NEW ECOLOGY ADDRESSES GLOBAL ENVIRONMENTAL ISSUES BY BRINGING THE BENEFITS OF SUSTAINABLE DEVELOPMENT TO THE COMMUNITY LEVEL WITH A CONCERTED EMPHASIS ON EQUITY. WE MAKE THE BUILT ENVIRONMENT MORE EFFICIENT, HEALTHY, AND RESILIENT BY ADVANCING SUSTAINABLE PRACTICES, ENSURING ACCESSIBLE, AFFORDABLE, AND HEALTHY ENVIRONMENTS IN WHICH TO LIVE AND WORK.

Program Service Accomplishments

Program 1
Expenses: $7,272,489 Revenue: $5,375,323

SEE SCHEDULE "O".NEI CONDUCTS THE FOLLOWING ACTIVITIES:GREEN BUILDING SERVICESNEI ADVANCES THE IMPACT OF SUSTAINABLE DEVELOPMENT IN AFFORDABLE MULTIFAMILY HOUSING BY HELPING DEVELOPERS AND THEIR...

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SEE SCHEDULE "O".NEI CONDUCTS THE FOLLOWING ACTIVITIES:GREEN BUILDING SERVICESNEI ADVANCES THE IMPACT OF SUSTAINABLE DEVELOPMENT IN AFFORDABLE MULTIFAMILY HOUSING BY HELPING DEVELOPERS AND THEIR TEAMS RENOVATE OR CONSTRUCT MULTIFAMILY AFFORDABLE HOUSING, MIXED-USE BUILDINGS AND SMALL COMMERCIAL BUILDINGS THAT ARE HEALTHY, AFFORDABLE, DURABLE, RESILIENT, AND ENERGY EFFICIENT.EXISTING BUILDING DECARBONIZATIONNEI TRANSFORMS EXISTING HOUSING STOCK BY WORKING WITH OWNERS AND OPERATORS OF EXISTING BUILDINGS TO DECARBONIZE AND ELECTRIFY, REDUCING CLIMATE IMPACTS, ASSURING COMPLIANCE WITH REGULATIONS AND IMPROVING RESILIENCE IN MULTIFAMILY AFFORDABLE HOUSING AND SMALL COMMERCIAL BUILDINGS.CLIMATE SMART COMMUNITIESNEI SUPPORTS COMMUNITY-BASED PARTNERS IN THE NATURALLY OCCURRING AFFORDABLE HOUSING (NOAH) SECTOR THROUGH THE DELIVERY OF TECHNICAL ASSISTANCE AND PROGRAMS THAT DELIVER HIGH-PERFORMANCE, CLIMATE READY, HEALTHY HOUSING AND COMMUNITY REVITALIZATION.RESEARCH AND DEVELOPMENTNEI INNOVATES AND CREATES NEW OPPORTUNITIES FOR TECHNOLOGIES, PROCESSES, AND APPROACHES THAT CAN MAKE SUSTAINABLE DEVELOPMENT IN THE BUILT ENVIRONMENT MORE ACCESSIBLE, COST-EFFECTIVE, EFFICIENT, AND IMPACTFUL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,546,576
Program Service Revenue $5,327,764
Investment Income $34,728
Other Revenue $12,831
TOTAL REVENUE $9,921,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,401,935
Fundraising Expenses $0
Program Expenses $7,272,489
Other Expenses $1,443,299
TOTAL EXPENSES $7,845,234

Year-over-Year Comparison

2024 2023 Change
Revenue $9,921,899 $8,012,772 +0.2%
Expenses $7,845,234 $8,203,358 0.0%
Net Income $2,076,665 $-190,586 -11.9%
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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Governance

Voting Members
7
Independent Members
6
Employees
70
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
$181,376
Total Directors
7
$181,376
Key Employees
1
$154,203
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM STEVENSON CLERK / CEO 40.00
Officer Director
$181,376 $0 $181,376
REBECCA L REGAN TREASURER 2.00
Officer Director
$0 $0 $0
PETER LOWITT CHAIRMAN 2.00
Officer Director
$0 $0 $0
JOSH COHEN DIRECTOR 2.00
Director
$0 $0 $0
KARI HEWITT DIRECTOR 2.00
Director
$0 $0 $0
LINDSEY SANDS DIRECTOR 2.00
Director
$0 $0 $0
BILL SHUTKIN DIRECTOR EMERITUS 0.00
Director
$0 $0 $0
STACY NEAL COO 40.00
Key Emp
$154,203 $0 $154,203
LAURIE ELDREDGE PRINCIPAL DIRECTOR 40.00
Highest
$137,139 $0 $137,139
MARTHA JOSTEN PRINCIPAL DIRECTOR 40.00
Highest
$133,295 $0 $133,295
ASHLEY WISSE DIRECTOR, GREEN BLDG 40.00
Highest
$127,006 $0 $127,006
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 $8,407,821 $7,845,234 $5,738,080 $562,587
2024 $9,921,899 $7,845,234 $6,288,080 $2,076,665
2023 $8,012,772 $8,203,358 $5,130,564 $-190,586
2022 $6,902,221 $6,895,988 $4,068,171 $6,233
2021 $7,374,959 $6,249,257 $3,455,228 $1,125,702
2020 $5,720,512 $5,606,359 $3,016,765 $114,153
2019 $4,868,310 $4,770,576 $2,028,660 $97,734
2018 $4,569,200 $4,407,942 $1,614,068 $161,258
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