NEW MEADOW ELDERLY HOUSING INC C/O ELDERLY HOUSING MANAGEMENT INC

EIN: 271006974 501(c)(3) Housing & Shelter

NORTH HAVEN, CT

Total Revenue
$525,009
Total Expenses
$675,128
Total Assets
$5,271,351
Net Assets
$-93,135
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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
2009
Legal Domicile
CT
Principal Officer
MABEL PETERSON
Phone
2032304809
Tax Period
2024-10-01 to 2025-09-30

NEW MEADOW ELDERLY HOUSING INC C/O ELDERLY HOUSING MANAGEMENT INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $525K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $675K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE ELFERLY OR DISABLED PERSONSS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 $0
Program Service Revenue $524,928
Investment Income $81
Other Revenue $0
TOTAL REVENUE $525,009

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,558
Fundraising Expenses $0
Program Expenses $567,381
Other Expenses $563,570
TOTAL EXPENSES $675,128

Year-over-Year Comparison

2024 2023 Change
Revenue $525,009 $466,664 +0.1%
Expenses $675,128 $660,576 +0.0%
Net Income $-150,119 $-193,912 -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
8
Independent Members
8
Employees
N/A
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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY MCDERMOTT PRESIDENT N/A
Officer
$0 $0 $0
MABEL PETERSON SECRETARY/TR N/A
Officer Director
$0 $0 $0
ROBERT BIDDLEMAN DIRECTOR N/A
Director
$0 $0 $0
C MICHAEL TUCKER DIRECTOR N/A
Director
$0 $0 $0
JENNIFER GAUDET DIRECTOR N/A
Director
$0 $0 $0
BETSEY REID DIRECTOR N/A
Officer Director
$0 $0 $0
MELANIE HOWLET DIRECTOR N/A
Director
$0 $0 $0
JOSEPH TOBIN DIRECTOR N/A
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 $525,009 $675,128 $5,271,351 $-150,119
2024 $466,664 $660,576 $5,390,964 $-193,912
2023 $653,466 $665,305 $5,588,021 $-11,839
2022 $402,579 $590,160 $5,552,099 $-187,581
2021 $402,229 $557,132 $5,746,775 $-154,903
2020 $400,849 $543,656 $5,886,428 $-142,807
2019 $402,212 $541,768 $6,038,922 $-139,556
2018 $392,279 $546,898 $6,166,113 $-154,619
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