Civic Intelligence

New Neighborhoods Inc

EIN 06-0864050 • 501(c)3 • Stamford, CT

View Organization Page

Profile

New neighborhoods, inc.'s purpose is to develop, redevelop, own and manage quality housing for low and moderate income persons and families and to work to assist in the planning, re-planning, development and improvement of low and moderate income communities in connecticut, with a focus on low fairfield county.

76 Progress DriveStamford, CT 06902

www.nnistamford.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

2.98x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

31st percentile

-1.0%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$378,453

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

43rd percentile

3.2%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

21%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$35,483,599

Up $1,106,008 (+3.2%) from 2023

Liabilities

Up

$33,154,321

Up $1,218,085 (+3.8%) from 2023

Net Assets

Down

$2,329,278

Down $112,077 (-4.6%) from 2023

Operations
Liabilities / Revenue90th percentileNet Margin31st percentile

Revenue

Up

$11,120,076

Up $1,920,523 (+21%) from 2023

Expenses

Up

$11,232,153

Up $2,484,984 (+28%) from 2023

Net Income

Down

-$112,077

Down $564,461 (-125%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $17,678,016Liabilities 2010: $15,998,432Net Assets 2010: $1,679,5842010Assets 2011: $13,452,587Liabilities 2011: $11,391,421Net Assets 2011: $2,061,1662011Assets 2012: $15,465,769Liabilities 2012: $13,767,793Net Assets 2012: $1,697,9762012Assets 2013: $15,726,954Liabilities 2013: $13,444,345Net Assets 2013: $2,282,6092013Assets 2014: $17,527,723Liabilities 2014: $14,610,970Net Assets 2014: $2,916,7532014Assets 2015: $18,525,803Liabilities 2015: $15,772,933Net Assets 2015: $2,752,8702015Assets 2016: $19,958,671Liabilities 2016: $16,738,355Net Assets 2016: $3,220,3162016Assets 2017: $20,554,162Liabilities 2017: $16,734,412Net Assets 2017: $3,819,7502017Assets 2018: $19,910,818Liabilities 2018: $16,597,876Net Assets 2018: $3,312,9422018Assets 2019: $19,231,109Liabilities 2019: $16,495,950Net Assets 2019: $2,735,1592019Assets 2020: $20,160,395Liabilities 2020: $16,950,986Net Assets 2020: $3,209,4092020Assets 2021: $20,544,832Liabilities 2021: $16,971,112Net Assets 2021: $3,573,7202021Assets 2022: $33,755,919Liabilities 2022: $31,766,948Net Assets 2022: $1,988,9712022Assets 2023: $34,377,591Liabilities 2023: $31,936,236Net Assets 2023: $2,441,3552023Assets 2024: $35,483,599Liabilities 2024: $33,154,321Net Assets 2024: $2,329,2782024

Highlighted filing

2024

Assets$35,483,599
Liabilities$33,154,321
Net Assets$2,329,278
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,919,3152010Expenses 2011: $3,297,9422011Expenses 2012: $3,631,9272012Revenue 2013: $4,016,921Expenses 2013: $3,432,288Net Income 2013: $584,6332013Revenue 2014: $4,973,452Expenses 2014: $4,339,308Net Income 2014: $634,1442014Revenue 2015: $4,447,029Expenses 2015: $4,561,151Net Income 2015: -$114,1222015Revenue 2016: $5,020,716Expenses 2016: $4,553,270Net Income 2016: $467,4462016Revenue 2017: $5,350,460Expenses 2017: $4,751,026Net Income 2017: $599,4342017Revenue 2018: $4,437,061Expenses 2018: $4,943,869Net Income 2018: -$506,8082018Revenue 2019: $4,728,995Expenses 2019: $5,306,777Net Income 2019: -$577,7822019Revenue 2020: $5,193,016Expenses 2020: $4,718,766Net Income 2020: $474,2502020Revenue 2021: $5,420,026Expenses 2021: $5,055,715Net Income 2021: $364,3112021Revenue 2022: $5,439,205Expenses 2022: $7,023,954Net Income 2022: -$1,584,7492022Revenue 2023: $9,199,553Expenses 2023: $8,747,169Net Income 2023: $452,3842023Revenue 2024: $11,120,076Expenses 2024: $11,232,153Net Income 2024: -$112,0772024

Highlighted filing

2024

Revenue$11,120,076
Expenses$11,232,153
Net Income-$112,077
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,483,599
Liabilities
$33,154,321
Net assets
$2,329,278
Revenue
$11,120,076
Expenses
$11,232,153
Net income
-$112,077
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.5$33.2$2.33$11.1$11.2$0.11
2023Detailed filing. Detailed filing data is available for this year.$34.4$31.9$2.44$9.20$8.75$0.45
2022Detailed filing. Detailed filing data is available for this year.$33.8$31.8$1.99$5.44$7.02$1.58
2021Detailed filing. Detailed filing data is available for this year.$20.5$17.0$3.57$5.42$5.06$0.36
2020Detailed filing. Detailed filing data is available for this year.$20.2$17.0$3.21$5.19$4.72$0.47
2019Detailed filing. Detailed filing data is available for this year.$19.2$16.5$2.74$4.73$5.31$0.58
2018Detailed filing. Detailed filing data is available for this year.$19.9$16.6$3.31$4.44$4.94$0.51
2017Detailed filing. Detailed filing data is available for this year.$20.6$16.7$3.82$5.35$4.75$0.60
2016Detailed filing. Detailed filing data is available for this year.$20.0$16.7$3.22$5.02$4.55$0.47
2015Detailed filing. Detailed filing data is available for this year.$18.5$15.8$2.75$4.45$4.56$0.11
2014Detailed filing. Detailed filing data is available for this year.$17.5$14.6$2.92$4.97$4.34$0.63
2013Detailed filing. Detailed filing data is available for this year.$15.7$13.4$2.28$4.02$3.43$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$13.8$1.70$3.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$11.4$2.06$3.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$16.0$1.68$2.92
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$11,120,076
Mission and Program Overview

Mission

New neighborhoods, inc.'s purpose is to develop, redevelop, own and manage quality housing for low and moderate income persons and families and to work to assist in the planning, re-planning, development and improvement of low and moderate income communities in connecticut, with a focus on low fairfield county.

New neighborhoods, inc.'s purpose is to develop, redevelop, own and manage quality housing for low and moderate income persons and families and to work to assist in the planning, re-planning, development and improvement of low and moderate income communities in connecticut, with a focus on lower fairfield county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,201,147$16,670,551▲ $469,404
Savings and Temporary Cash Investments$6,897,661$12,375,599▲ $5,477,938
Accounts Receivable$3,856,322$3,368,338▼ $487,984
Cash and Non-Interest-Bearing Accounts$696,263$1,442,839▲ $746,576
Investments in Publicly Traded Securities$5,393,446$1,133,024▼ $4,260,422
Intangible Assets$500,000$500,000→ $0
Prepaid Expenses and Deferred Charges$142,077$171,817▲ $29,740
Total Assets$34,377,591$35,483,599▲ $1,106,008
Other Assets Total$690,675$-178,569▼ $869,244
Liabilities
Mortgage Notes Payable Secured by Investment Property$30,512,084$30,686,476▲ $174,392
Accounts Payable and Accrued Expenses$1,334,452$2,313,333▲ $978,881
Other Liabilities$89,700$154,512▲ $64,812
Total Liabilities$31,936,236$33,154,321▲ $1,218,085
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,436,355$2,324,278▼ $112,077
Net Assets With Donor Restrictions$5,000$5,000→ $0
Total Net Assets Fund Balance$2,441,355$2,329,278▼ $112,077
Total Liabilities and Net Assets / Fund Balance$34,377,591$35,483,599▲ $1,106,008

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,831,244$9,153,798$18,985,042
Equipment$6,153,752$1,366,946$7,520,698
Land$685,555-$685,555
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William J Healy IiPresident/CEOFT$298,963$79,490$378,453
Jerome FloydOperations DirectorFT$174,734$18,434$193,168
Long ChenFinancial DirectorFT$154,578$20,466$175,044
Jacquelin RamosHuman Resources DirectorFT$138,278$11,062$149,340

Board Members and Trustees

NameTitle
Peter HelmesChairman
Kevin GeorgeVice Chair
Ben ThomasMember
Bobbi BrownMember
Ellen TowerMember
Felisha Guirand-fleurimondMember
Phil SwanMember
ROBERT O'BRIENMember
Ronald CorwinMember
Sang YuMember
Tom LambertMember
Anthony StewartSecretary
Brendan BigginsTreasurer/finance Committe
Revenue and Support

Revenue Composition

Contributions and Grants
$910,039
Program Service Revenue
$9,450,920
Investment Income
$759,117
Other Revenue
$0
All Other Contributions
$763,711
Change in Net Assets
$-112,077

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,152,336
Revenue Not Reported on Financial Statements
$6,967,740
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$6,967,740
Total Revenue per Audited Statements
$4,152,336
Total Revenue per Form 990
$11,120,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,891,115
Salaries, Compensation, and Employee Benefits$4,341,038
Total Fundraising Expense$144,093
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,854,563$1,194,464$94,300$3,143,327
Other Employee Benefits$354,202$228,130$18,010$600,342
Current Officers, Directors, Trustees, and Key Employees$197,038$126,906$10,019$333,963
Pension Plan Contributions$112,817$72,661$5,736$191,214
Occupancy$77,378$35,172$4,690$117,240
Office Expenses$63,071$28,032$2,335$93,438
Payroll Taxes$42,232$27,433$2,527$72,192
Fees for Services Accounting$29,970$13,320$1,110$44,400
Fees for Services Legal-$41,564-$41,564
Information Technology$19,218$8,605$861$28,684
Interest$16,094$5,207$2,367$23,668
Fees for Services Management-$18,475-$18,475
Other Expenses$10,000$34,323$2,138$10,000
All Other Expenses-$5,713-$5,713
Depreciation Depletion-$5,194-$5,194
Advertising-$639-$639
Total Functional Expenses$9,242,222$1,845,838$144,093$11,232,153

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,232,153
Expenses Not Reported on Financial Statements$6,502,740
Other Expense Adjustments$6,502,740
Expenses per Audited Statements$4,729,413
Total Expenses per Audited Statements$4,729,413
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Champions of Housing$31,375---
Total Events$31,375---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$154,512
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed and approved by the organization's ceo, finance committee and board of directors.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis, the organization's board of directors is required to disclose any conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Compensation for the organization's ceo, officers, and key employees is reviewed by nni's executive and personnel committees. Compensation is also reviewed as part of its annual budget process. Nni also reviews compensation studies for not-for-profits prepared for national and/or state wide organizations. Nni has asked non-profit intermediaries such as lisc if executive pay is out of line with similar organizations.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 is available upon request.”

Form 990, Part VI, Section C, Line 19

“Financial statement information, governing documents and the conflict of interest policy is available upon request.”

Filing and Contact Details

Filer

Filer Name
New Neighborhoods Inc
EIN
06-0864050
Phone
2033592215
Address
76 PROGRESS DRIVE, STAMFORD, CT 06902

Signing Officer

Name
William J Healy Ii
Title
Executive Director
Phone
2033592215
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William J Healy Ii
Formed
1967
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
71
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Thomas Goldfuss
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“No change to its oversight process or selection process during the tax year”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Nonconsolidated related parties 6,967,740.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Nonconsolidated related parties 6,502,740.”

Raw XML AppendixShowing 400 of 885 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm4ELLEN TOWER
IRS990/Form990PartVIISectionAGrp/PersonNm5BEN THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm6FELISHA GUIRAND-FLEURIMOND
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM J HEALY II
IRS990/Form990PartVIISectionAGrp/PersonNm8TOM LAMBERT
IRS990/Form990PartVIISectionAGrp/PersonNm9ANTHONY STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm10BOBBI BROWN
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IRS990/Form990PartVIISectionAGrp/PersonNm13BRENDAN BIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm14LONG CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm15JEROME FLOYD
IRS990/Form990PartVIISectionAGrp/PersonNm16JACQUELIN RAMOS
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IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14FINANCIAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15OPERATIONS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16HUMAN RESOURCES DIRECTOR
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