NEW HAVEN - URBAN RESOURCES INITIATIVE INC

EIN: 061343983 501(c)(3) Community Improvement

NEW HAVEN, CT

Total Revenue
$1,171,578
Total Expenses
$999,152
Total Assets
$1,568,919
Net Assets
$1,411,302
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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
1991
Legal Domicile
CT
Principal Officer
COLLEEN MURPHY-DUNNING
Phone
2034326570
Tax Period
2024-01-01 to 2024-12-31

NEW HAVEN - URBAN RESOURCES INITIATIVE INC, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $999K left a modest 15% surplus.

Mission

SEE STATEMENT #1

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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 $858,587
Program Service Revenue $300,931
Investment Income $35,942
Other Revenue $-23,882
TOTAL REVENUE $1,171,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,350
Program Expenses $954,137
Other Expenses $999,152
TOTAL EXPENSES $999,152

Year-over-Year Comparison

2024 2023 Change
Revenue $1,171,578 $803,760 +0.5%
Expenses $999,152 $787,429 +0.3%
Net Income $172,426 $16,331 +9.6%
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
13
Independent Members
13
Employees
N/A
Volunteers
734

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIK PEARSON PRESIDENT 0.50
Officer Director
$0 $0 $0
CHRISTINE KIM VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SUE WELLS TREASURER 0.50
Officer Director
$0 $0 $0
MELINDA TUHUS SECRETARY 0.50
Officer Director
$0 $0 $0
GORDON GEBALLE BOARD MEMBER 0.50
Director
$0 $0 $0
JOAN HILLIARD BOARD MEMBER 0.50
Director
$0 $0 $0
NAN BARTOW PAST PRESIDENT 0.50
Director
$0 $0 $0
ZEB ESSELSTYN BOARD MEMBER 0.50
Director
$0 $0 $0
LESLIE RADCLIFFE BOARD MEMBER 0.50
Director
$0 $0 $0
MARK WILSON BOARD MEMBER 0.50
Director
$0 $0 $0
TIMOTHY BERTACCINI BOARD MEMBER 0.50
Director
$0 $0 $0
KATHERINE JACOBS BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW ZIELINSKI BOARD MEMBER 0.50
Director
$0 $0 $0
COLLEEN MURPHY-DUNNING EXECUTIVE DIRECTOR 20.00
Officer
$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 No data No data No data No data
2024 $1,171,578 $999,152 $1,568,919 $172,426
2023 $803,760 $787,429 $1,376,753 $16,331
2022 $745,631 $695,427 $1,330,712 $50,204
2021 $947,564 $971,328 $1,293,956 $-23,764
2020 $1,432,311 $1,328,247 $1,328,745 $104,064
2019 $1,478,984 $1,150,135 $1,181,725 $328,849
2018 $1,490,160 $1,293,660 $962,680 $196,500
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