NORTHEAST COMMUNITY INNOVATION CORP

EIN: 813467145 501(c)(3) Community Improvement

NORWALK, CT

Total Revenue
$4,286,951
Total Expenses
$1,549,090
Total Assets
$20,436,420
Net Assets
$12,752,868
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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
2016
Legal Domicile
CT
Principal Officer
BARRY SCHWIMMER
Phone
9142292016
Tax Period
2024-07-01 to 2025-06-30

NORTHEAST COMMUNITY INNOVATION CORP, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 64% operating margin.

Mission

THE NORTHEAST COMMUNITY INNOVATION CORP (NCIC) IS ORGANIZED TO ORIGINATE, HOUSE AND DEVELOP A BROAD PORTFOLIO OF ORIGINAL EDUCATIONAL AND COMMUNITY OUTREACH PROGRAMS CREATED AND PIONEERED BY ITS GRANTEES.NCIC'S MISSION IS TO DEVELOP ORIGINAL EDUCATIONAL PROGRAMS AND MENTORING PROGRAMS TO ASSIST ENTREPRENEURS AND INCREASE ECONOMIC ACTIVITY AND JOB GROWTH IN THE NORTHEASTERN UNITED STATES. NCIC HAS A PARTICULAR FOCUS AND UNDERSERVED COMMUNITIES AND WILL CONTINUE SIC'S WORK AND OUTREACH WITH UNDERPRIVILEGED YOUTH AND LOCAL NOT FOR PROFIT ORGANIZATIONS.

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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 $4,901,211
Investment Income $16,031
Other Revenue $-630,291
TOTAL REVENUE $4,286,951

Expense Breakdown

Grants Paid $22,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,549,090
Other Expenses $1,526,590
TOTAL EXPENSES $1,549,090

Year-over-Year Comparison

2024 2023 Change
Revenue $4,286,951 $2,810,797 +0.5%
Expenses $1,549,090 $1,319,143 +0.2%
Net Income $2,737,861 $1,491,654 +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
4
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY SCHWIMMER PRESIDENT, TREASURER, DIRE 5.00
Director
$0 $0 $0
IVY EISENBERG SECRETARY, DIRECTOR 5.00
Director
$0 $0 $0
JOSH FEDELL DIRECTOR 5.00
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 $4,286,951 $1,549,090 $20,436,420 $2,737,861
2024 $2,810,797 $1,319,143 $21,952,666 $1,491,654
2023 $2,573,962 $1,140,237 $24,949,698 $1,433,725
2022 $3,153,414 $1,677,544 $26,187,217 $1,475,870
2021 $2,164,843 $1,954,007 $29,637,374 $210,836
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