Civic Intelligence

New Opportunities Economic Development Corporation

EIN 27-3540138 • 501(c)3 • Waterbury, CT

Profile

To engage in economic development in geographic areas that are economically deprived or deteriorating within the state of connecticut

232 North Elm StreetWaterbury, CT 06702

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

1.16x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

97th percentile

$281,525

Higher top officer pay than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

42nd percentile

0.0%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$993,977

Up $38 (+0.0%) from 2023

Liabilities

Up

$1,156,215

Up $38,614 (+3.5%) from 2023

Net Assets

Down

-$162,238

Down $38,576 (-31%) from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2023

Expenses

Up

$38,575

Up $5,449 (+16%) from 2023

Net Income

Down

-$38,575

Down $5,449 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2014: $817,286Liabilities 2014: $675,893Net Assets 2014: $141,3932014Assets 2015: $997,493Liabilities 2015: $898,362Net Assets 2015: $99,1312015Assets 2016: $1,091,069Liabilities 2016: $1,036,174Net Assets 2016: $54,8952016Assets 2017: $994,127Liabilities 2017: $960,807Net Assets 2017: $33,3202017Assets 2018: $990,734Liabilities 2018: $978,881Net Assets 2018: $11,8532018Assets 2019: $990,810Liabilities 2019: $996,097Net Assets 2019: -$5,2872019Assets 2020: $994,137Liabilities 2020: $1,021,721Net Assets 2020: -$27,5842020Assets 2021: $993,946Liabilities 2021: $1,053,011Net Assets 2021: -$59,0652021Assets 2022: $994,004Liabilities 2022: $1,084,540Net Assets 2022: -$90,5362022Assets 2023: $993,939Liabilities 2023: $1,117,601Net Assets 2023: -$123,6622023Assets 2024: $993,977Liabilities 2024: $1,156,215Net Assets 2024: -$162,2382024

Highlighted filing

2024

Assets$993,977
Liabilities$1,156,215
Net Assets-$162,238
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KRevenue 2014: $124,379Expenses 2014: $55,194Net Income 2014: $69,1852014Revenue 2015: $150,915Expenses 2015: $193,177Net Income 2015: -$42,2622015Revenue 2016: $93,576Expenses 2016: $137,812Net Income 2016: -$44,2362016Revenue 2017: $17,816Expenses 2017: $39,391Net Income 2017: -$21,5752017Revenue 2018: $9,400Expenses 2018: $30,867Net Income 2018: -$21,4672018Revenue 2019: $0Expenses 2019: $17,140Net Income 2019: -$17,1402019Revenue 2020: $0Expenses 2020: $22,297Net Income 2020: -$22,2972020Revenue 2021: $0Expenses 2021: $31,481Net Income 2021: -$31,4812021Revenue 2022: $500Expenses 2022: $31,971Net Income 2022: -$31,4712022Revenue 2023: $0Expenses 2023: $33,126Net Income 2023: -$33,1262023Revenue 2024: $0Expenses 2024: $38,575Net Income 2024: -$38,5752024

Highlighted filing

2024

Revenue$0
Expenses$38,575
Net Income-$38,575
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$993,977
Liabilities
$1,156,215
Net assets
-$162,238
Revenue
$0
Expenses
$38,575
Net income
-$38,575
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.16$0.16$0.00$0.04$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.99$1.12$0.12$0.00$0.03$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.08$0.09$0.00$0.03$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.99$1.05$0.06$0.00$0.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.99$1.02$0.03$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.99$1.00$0.01$0.00$0.02$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.98$0.01$0.01$0.03$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.96$0.03$0.02$0.04$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.09$1.04$0.05$0.09$0.14$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.90$0.10$0.15$0.19$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.68$0.14$0.12$0.06$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 4, 2025
Return Version
2023v6.0
Gross Receipts
$0
Mission and Program Overview

Mission

To engage in economic development in geographic areas that are economically deprived or deteriorating within the state of connecticut.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$3,135$3,174▲ $39
Cash and Non-Interest-Bearing Accounts-$-1-
Total Assets$993,939$993,977▲ $38
Other Assets Total$990,804$990,804→ $0
Liabilities
Other Liabilities$1,117,601$1,156,215▲ $38,614
Total Liabilities$1,117,601$1,156,215▲ $38,614
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-123,662$-162,238▼ $38,576
Total Net Assets Fund Balance$-123,662$-162,238▼ $38,576
Total Liabilities and Net Assets / Fund Balance$993,939$993,977▲ $38

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$990,804--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleOtherTotal
Mark E KovitchChief Financial Officer$177,805$177,805
Omar AndujorChief Administrative Offic$116,687$116,687

Board Members and Trustees

NameTitle
Melissa GreenChairperson
William RybczykPresident
Belinda WeaverVice Chairperson
Maritza RiveraSecretary
Victor LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-38,575

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$20,617--$20,617
Insurance$15,788--$15,788
Fees for Services Accounting$2,100--$2,100
Office Expenses$70--$70
Total Functional Expenses$38,575$0$0$38,575

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$38,575
Total Expenses per Audited Statements$38,575
Total Expenses per Form 990$38,575
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$1,156,215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization delegates control over management duties to new opportunities, inc. A related 501(c)3 organization”

Form 990, Part VI, Section A, Line 8B

“There are no committees of the governing body.”

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

“Form 990 is reviewed by the controller and chief finance officer of new opportunities inc., a related 501(c)3 corporation who provides management functions to new opportunities economic development corporation.”

Form 990, Part VI, Section C, Line 19

“The financial statements and the form 990 are available upon request at the office of new opportunities, inc.”

Filing and Contact Details

Filer

Filer Name
New Opportunities Economic
EIN
27-3540138
Phone
2035759799
Address
232 NORTH ELM STREET, WATERBURY, CT 06702

Signing Officer

Name
Mr William Rybczyk
Title
President
Phone
2035759799
Signed
2025-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr William Rybczyk
Formed
2010
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part V, Line 13A

“CT”

Financial Statement Notes

X, Line 2

“New opportunities economic development, inc is exempt from federal and state corporate income taxes under section 501(c)(3) of the internal revenue code (the code) as a public charity. New opportunities economic development that more likely than not would be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of october 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods pending or in progress.”

Raw XML AppendixShowing 400 of 438 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ENGAGE IN ECONOMIC DEVELOPMENT IN GEOGRAPHIC AREAS THAT ARE ECONOMICALLY DEPRIVED OR DETERIORATING WITHIN THE STATE OF CONNECTICUT.
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0MARK KOVITCH
IRS990/BooksInCareOfDetail/PhoneNum02035754293
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0232 NORTH ELM ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0WATERBURY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006702
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt0-1
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt038575
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-38575
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt038575
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0NEW 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt038575
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt02100
IRS990/FeesForServicesAccountingGrp/TotalAmt02100
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt139.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt239.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.75
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt014477
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt129400
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2518
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM RYBCZYK
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK E KOVITCH
IRS990/Form990PartVIISectionAGrp/PersonNm2OMAR ANDUJOR
IRS990/Form990PartVIISectionAGrp/PersonNm3MELISSA GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm4BELINDA WEAVER
IRS990/Form990PartVIISectionAGrp/PersonNm5VICTOR LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm6MARITZA RIVERA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0267048
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1148405
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2116169
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF ADMINISTRATIVE OFFIC
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt015788
IRS990/InsuranceGrp/TotalAmt015788
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENGAGE IN ECONOMIC DEVELOPMENT IN GEOGRAPHIC AREAS THAT ARE ECONOMICALLY DEPRIVED OR DETERIORATING WITHIN THE STATE OF CONNECTICUT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-123662
IRS990/NetAssetsOrFundBalancesEOYAmt0-162238
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-123662
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-162238
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt020617
IRS990/OccupancyGrp/TotalAmt020617
IRS990/OfficeExpensesGrp/ProgramServicesAmt070
IRS990/OfficeExpensesGrp/TotalAmt070
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0990804
IRS990/OtherAssetsTotalGrp/EOYAmt0990804
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt01117601
IRS990/OtherLiabilitiesGrp/EOYAmt01156215
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03135
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03174
IRS990/PrincipalOfficerNm0MR WILLIAM RYBCZYK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt033126
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-33126
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt033126
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-38575
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0500
IRS990ScheduleA/TotalSupportAmt0500
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt038575
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0990804
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REAL ESTATE UNDER DEVELOPMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01156215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NEW OPPORTUNITIES ECONOMIC DEVELOPMENT, INC IS EXEMPT FROM FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AS A PUBLIC CHARITY. NEW OPPORTUNITIES ECONOMIC DEVELOPMENT THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF OCTOBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0990804
IRS990ScheduleD/TotalExpensesPerForm990Amt038575
IRS990ScheduleD/TotalLiabilityAmt01156215
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt00
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt038575
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0267048
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM RYBCZYK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0267048
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES TO NEW OPPORTUNITIES, INC. A RELATED 501(C)3 ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE CONTROLLER AND CHIEF FINANCE OFFICER OF NEW OPPORTUNITIES INC., A RELATED 501(C)3 CORPORATION WHO PROVIDES MANAGEMENT FUNCTIONS TO NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE OFFICE OF NEW OPPORTUNITIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 13A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0061531370
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1061103496
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2234188184
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE RENTAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1INACTIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2INACTIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CAMELOT CENTER INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1COMMUNITY WIDE INVESTMENTS CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2NORTH SQUARE GATEWAY DEVELOPMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0232 NORTH ELM STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1232 NORTH ELM STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt2232 NORTH ELM STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0WATERBURY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1WATERBURY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2WATERBURY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd006702
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd106702
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd206702
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0061531373
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0REAL ESTATE RENTAL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0CAMELOT LIMITED PARTNERSHIP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0232 NORTH ELM STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0WATERBURY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd006702
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW OPPORTUNITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NORTH SQUARE GATEWAY TERRACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0066070847
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1311693980
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO IMPROVE LIVES OF ECONOMICALLY DISADVANTAGED INDIVIDUALS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME FAMILIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0232 NORTH ELM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1232 NORTH ELM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WATERBURY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WATERBURY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006702
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd106702
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01156215
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW OPPORTUNITIES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0993939
IRS990/TotalAssetsEOYAmt0993977
IRS990/TotalAssetsGrp/BOYAmt0993939
IRS990/TotalAssetsGrp/EOYAmt0993977
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038575
IRS990/TotalFunctionalExpensesGrp/TotalAmt038575
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01117601
IRS990/TotalLiabilitiesEOYAmt01156215
IRS990/TotalLiabilitiesGrp/BOYAmt01117601
IRS990/TotalLiabilitiesGrp/EOYAmt01156215
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-123662
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-162238
IRS990/TotalOtherCompensationAmt044395
IRS990/TotalProgramServiceExpensesAmt038575
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0993939
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0993977
IRS990/TotReportableCompRltdOrgAmt0531622
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.