NEW NEIGHBORHOODS INC (EIN 060864050) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

WILLIAM J HEALY II

Phone

2033592215

Tax Period

2023-01-01 to 2023-12-31

NEW NEIGHBORHOODS INC, founded in 1967, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $8.7M left a modest 5% surplus.

Mission

NEW NEIGHBORHOODS, INC.'S PURPOSE IS TO DEVELOP, REDEVELOP, OWN AND MANAGE QUALITY HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES AND TO WORK TO ASSIST IN THE PLANNING, RE-PLANNING, DEVELOPMENT AND IMPROVEMENT OF LOW AND MODERATE INCOME COMMUNITIES IN CONNECTICUT, WITH A FOCUS ON LOWER FAIRFIELD COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,868,404

Program Service Revenue $6,226,803

Investment Income $104,346

Other Revenue $0

TOTAL REVENUE $9,199,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,045,216

Fundraising Expenses $147,576

Program Expenses $6,877,227

Other Expenses $4,701,953

TOTAL EXPENSES $8,747,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,199,553	$5,439,205	+0.7%
Expenses	$8,747,169	$7,023,954	+0.2%
Net Income	$452,384	$-1,584,749	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$313,435

Total Directors

$313,435

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT O'BRIEN	MEMBER	2.00	Director	$0	$0	$0
KEVIN GEORGE	RECENT PAST CHAIRMAN	1.00	Director	$0	$0	$0
RONALD CORWIN	MEMBER	1.00	Director	$0	$0	$0
JULIAN PIERCE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PHIL SWAN	MEMBER	1.00	Director	$0	$0	$0
ELLEN TOWER	MEMBER	1.00	Director	$0	$0	$0
BEN THOMAS	MEMBER	1.00	Director	$0	$0	$0
FELISHA GUIRAND-FLEURIMOND	MEMBER	1.00	Director	$0	$0	$0
WILLIAM J HEALY II	PRESIDENT/CEO	40.00	Officer Director	$273,788	$39,647	$313,435
SARAH FOX	MEMBER	1.00	Director	$0	$0	$0
TOM LAMBERT	MEMBER	1.00	Director	$0	$0	$0
ANTHONY STEWART	MEMBER	1.00	Director	$0	$0	$0
BOBBI BROWN	MEMBER	1.00	Director	$0	$0	$0
SANG YU	MEMBER	1.00	Director	$0	$0	$0
PETER HELMES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SUNIL SHARMA	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDAN BIGGINS	TREASURER/FINANCE COMMITTEE CHAIR	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$9,199,553	$8,747,169	$34,377,591	$452,384
2022	$5,439,205	$7,023,954	$33,755,919	$-1,584,749
2021	$5,420,026	$5,055,715	$20,544,832	$364,311
2020	$5,193,016	$4,718,766	$20,160,395	$474,250
2019	$4,728,995	$5,306,777	$19,231,109	$-577,782
2018	$4,437,061	$4,943,869	$19,910,818	$-506,808

NEW NEIGHBORHOODS INC