NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION

EIN: 273540138 501(c)(3) Community Improvement

WATERBURY, CT

Total Revenue
N/A
Total Expenses
$38,575
Total Assets
$993,977
Net Assets
$-162,238
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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
2010
Legal Domicile
CT
Principal Officer
MR WILLIAM RYBCZYK
Phone
2035759799
Tax Period
2023-11-01 to 2024-10-31

Mission

TO ENGAGE IN ECONOMIC DEVELOPMENT IN GEOGRAPHIC AREAS THAT ARE ECONOMICALLY DEPRIVED OR DETERIORATING WITHIN THE STATE OF CONNECTICUT

Program Service Accomplishments

Program 1
Expenses: $38,575

NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION PROMOTES AND THROUGHOUT CONNECTICUT THROUGH THE ACQUISITION AND REVITALIZATION OF PROPERTIES, THE DEVELOPMENT OF HOUSING AND THE CREATION OF...

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NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION PROMOTES AND THROUGHOUT CONNECTICUT THROUGH THE ACQUISITION AND REVITALIZATION OF PROPERTIES, THE DEVELOPMENT OF HOUSING AND THE CREATION OF SUSTAINABLE ECONOMIC AND COMMERCIAL DEVELOPMENT OPPORTUNITIES THAT RAISE THE INCOME, EDUCATIONAL/SKILL LEVELS AND COMMUNITY INVOLVEMENT OF CONNECTICUT RESIDENTS.

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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 $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $38,575
Other Expenses $38,575
TOTAL EXPENSES $38,575

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses $38,575 $33,126 +0.2%
Net Income N/A $-33,126 N/A
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
4
Independent Members
4
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
7
$576,017
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM RYBCZYK PRESIDENT 1.00
Officer
$0 $14,477 $281,525
MARK E KOVITCH CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $29,400 $177,805
OMAR ANDUJOR CHIEF ADMINISTRATIVE OFFIC 1.00
Officer
$0 $518 $116,687
MELISSA GREEN CHAIRPERSON 0.75
Officer Director
$0 $0 $0
BELINDA WEAVER VICE CHAIRPERSON 0.75
Officer Director
$0 $0 $0
VICTOR LOPEZ TREASURER 0.75
Officer Director
$0 $0 $0
MARITZA RIVERA SECRETARY 0.75
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
2024 No data $38,575 $993,977 No data
2023 No data $33,126 $993,939 No data
2022 $500 $31,971 $994,004 $-31,471
2021 No data $31,481 $993,946 No data
2020 No data $22,297 $994,137 No data
2019 No data $17,140 $990,810 No data
2018 $9,400 $30,867 $990,734 $-21,467
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