NORTH HARTFORD PARTNERSHIP INC F/K/N NORTHEAST NEIGHBORHOOD PARTNERS IN

EIN: 273267930 501(c)(3) Community Improvement

HARTFORD, CT

Total Revenue
$1,307,419
Total Expenses
$1,104,421
Total Assets
$5,688,663
Net Assets
$2,131,984
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CT
Principal Officer
BRENDA WATSON
Phone
8604049820
Tax Period
2024-01-01 to 2024-12-31

NORTH HARTFORD PARTNERSHIP INC F/K/N NORTHEAST NEIGHBORHOOD PARTNERS IN, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 356% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 16% operating margin.

Mission

NORTH HARTFORD PARTNERSHIP INC., IS A NON-PROFIT ORGANIZATION WHOSE PRIMARY MISSION IS TO CONDUCT BUILDING PROJECTS AND OTHER ACTIVITIES TO ADVANCE THE SOCIAL AND ECONOMIC DEVELOPMENT OF THE NORTHEAST NEIGHBORHOOD OF HARTFORD, CONNECTICUT.

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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 $754,455
Program Service Revenue $215,210
Investment Income $43,473
Other Revenue $294,281
TOTAL REVENUE $1,307,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $487,167
Fundraising Expenses $89,722
Program Expenses $837,222
Other Expenses $563,254
TOTAL EXPENSES $1,104,421

Year-over-Year Comparison

2024 2023 Change
Revenue $1,307,419 $286,762 +3.6%
Expenses $1,104,421 $893,296 +0.2%
Net Income $202,998 $-606,534 -1.3%
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

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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
4
Independent Members
3
Employees
5
Volunteers
3

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
4
$169,604
Total Directors
4
$16,552
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN ALESSI DIRECTOR 1.00
Director
$0 $0 $0
KARRAINE MOODY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
REX FOWLER DIRECTOR 1.00
Director
$0 $0 $0
ROSANNE HAGGERTY SECRETARY/ TREASURER 2.00
Officer Director
$16,552 $0 $16,552
BRENDA WATSON EXECUTIVE DIRECTOR 40.00
Officer
$141,800 $0 $141,800
JAMES DOYLE CONTRACTED CFO 2.00
Officer
$11,252 $0 $11,252
PATRICK JOSEPH MCKENNA DIR. OF SUSTAINABILITY 40.00
Highest
$115,057 $24,272 $139,329
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 $1,307,419 $1,104,421 $5,688,663 $202,998
2023 $286,762 $893,296 $5,253,232 $-606,534
2022 $973,072 $511,354 $5,812,763 $461,718
2021 $84,836 $112,330 $3,850,621 $-27,494
2020 $5,705,975 $5,734,573 $3,817,029 $-28,598
2019 $253,518 $262,292 $3,749,228 $-8,774
2018 $3,803,247 $1,886,218 $3,154,184 $1,917,029
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