NEW SAMARITAN DEVELOPMENT CORPORATION

EIN: 222855937 501(c)(3)

NORTH HAVEN, CT

Total Revenue
$132,287
Total Expenses
$109,616
Total Assets
$5,214,197
Net Assets
$5,166,309
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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
1988
Legal Domicile
CT
Principal Officer
SABINE COX
Phone
2032304809
Tax Period
2023-10-01 to 2024-09-30

NEW SAMARITAN DEVELOPMENT CORPORATION, founded in 1988, is a small nonprofit that reported $132K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 17% operating margin.

Mission

TO ASSIST IN CREATION OF HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PEOPLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $78,131
Investment Income $53,333
Other Revenue $823
TOTAL REVENUE $132,287

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,015
Fundraising Expenses $0
Program Expenses $34,088
Other Expenses $95,601
TOTAL EXPENSES $109,616

Year-over-Year Comparison

2023 2022 Change
Revenue $132,287 $102,489 +0.3%
Expenses $109,616 $82,866 +0.3%
Net Income $22,671 $19,623 +0.2%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
8
$299,953
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETSEY REID DIRECTOR 2.00
Director
$0 $0 $0
C MICHAEL TUCKER VICE CHAIR 2.00
Officer Director
$0 $0 $0
MELANIE J HOWLETT ASSISTANT TREASURER 2.00
Officer Director
$0 $0 $0
MABEL J PETERSON ASSISTANT SECRETARY 2.00
Officer Director
$0 $0 $0
REV BARBARA J LIBBY SECRETARY 2.00
Officer Director
$0 $0 $0
JENNIFER YOUNG GAUDET CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
JEFFREY A ASHER TREASURER 2.00
Officer Director
$0 $0 $0
ROBERT A BIDDLEMAN DIRECTOR 2.00
Director
$0 $0 $0
MARIA A BORGES CORREIA DIRECTOR 2.00
Director
$0 $0 $0
JOSEPH M TOBIN DIRECTOR 2.00
Director
$0 $0 $0
SCOTT G MORROW DIRECTOR (FROM 1/24) 2.00
Director
$0 $0 $0
ANTHONY M MACLEOD DIRECTOR (FROM 1/24) 2.00
Director
$0 $0 $0
KELLY MCDERMOTT CEO 5.00
Officer
$0 $8,872 $156,488
SABINE COX DIRECTOR OF FINANCE/COMPTROLLER 5.00
Officer
$0 $19,280 $143,465
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 $132,287 $109,616 $5,214,197 $22,671
2023 $85,250 $67,350 $5,105,092 $17,900
2022 $102,489 $82,866 $5,085,250 $19,623
2021 $116,464 $84,621 $5,150,544 $31,843
2020 $106,816 $88,259 $5,061,500 $18,557
2019 $101,068 $60,045 $5,009,780 $41,023
2018 $110,580 $55,103 $4,893,047 $55,477
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