NEW ENGLAND RESIDENTIAL SERVICES INC

EIN: 223137859 501(c)(3) Mental Health

MIDDLETOWN, CT

Total Revenue
$7,975,208
Total Expenses
$7,836,674
Total Assets
$4,898,847
Net Assets
$1,825,377
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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
1987
Legal Domicile
CT
Principal Officer
MAUREEN FEITELSON
Phone
8603479633
Tax Period
2023-07-01 to 2024-06-30

NEW ENGLAND RESIDENTIAL SERVICES INC, founded in 1987, is a community nonprofit in the Mental Health sector that reported $8.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO ASSIST PEOPLE WITH DEVELOPMENTAL DISABILITIES IN THEIR EFFORTS TO LIVE FULL LIVES AS INTEGRAL, RESPECTED, MEMBERS OF THE COMMUNITY.

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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 $20,342
Program Service Revenue $7,903,560
Investment Income $51,306
Other Revenue $0
TOTAL REVENUE $7,975,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,163,510
Fundraising Expenses $0
Program Expenses $6,985,903
Other Expenses $1,673,164
TOTAL EXPENSES $7,836,674

Year-over-Year Comparison

2023 2022 Change
Revenue $7,975,208 $7,343,120 +0.1%
Expenses $7,836,674 $7,265,167 +0.1%
Net Income $138,534 $77,953 +0.8%
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
9
Independent Members
9
Employees
144
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
6
$263,610
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUREEN FEITELSON EXEC. DIR. 40.00
Officer
$105,903 $42,195 $148,098
SALLY BONITO FINANCE DIRE 40.00
Officer
$90,969 $24,543 $115,512
DEBORAH BURT BOARD MEMBER 2.00
Director
$0 $0 $0
JILL WARZECHA BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREW BLACK BOARD MEMBER 2.00
Director
$0 $0 $0
TAMMY GRELISH BOARD MEMBER 2.00
Director
$0 $0 $0
HEATHER COLELLA BOARD MEMBER 2.00
Director
$0 $0 $0
MELISSA O'HARA PRESIDENT 2.00
Officer Director
$0 $0 $0
KATHLEEN PROVOST VICE PRESIDE 2.00
Officer Director
$0 $0 $0
KATE SADOWSKI TREASURER 2.00
Officer Director
$0 $0 $0
LINNA ELLIS SECRETARY 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
2025 No data No data No data No data
2024 $7,975,208 $7,836,674 $4,898,847 $138,534
2023 $7,343,120 $7,265,167 $4,612,295 $77,953
2022 $6,660,927 $6,576,424 $3,999,554 $84,503
2021 $7,606,487 $6,837,991 $4,046,215 $768,496
2020 $6,994,272 $6,855,734 $4,441,459 $138,538
2019 $6,684,830 $6,525,911 $3,283,854 $158,919
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