Newtown Housing For The Elderly Inc is located in Newtown, CT. The organization was established in 1993. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Newtown Housing For The Elderly Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newtown Housing For The Elderly Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Newtown Housing For The Elderly Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEWTOWN HOUSING FOR THE ELDERLY, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE LOW COST HOUSING FOR THE ELDERLY AGED 62 OR OLDER, AND FOR HANDICAPPED OR DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED - 134 UNITS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Simoneau President | OfficerTrustee | 1 | $0 |
Sue Lorusso Treasurer | OfficerTrustee | 1 | $0 |
David Manzer Secretary | OfficerTrustee | 1 | $0 |
Melanie Mattegat Vice President | OfficerTrustee | 1 | $0 |
Robin Lynn Buchanan Director | Trustee | 1 | $0 |
Rodger Braley Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $365,677 |
All other contributions, gifts, grants, and similar amounts not included above | $1,550 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $367,227 |
Total Program Service Revenue | $789,174 |
Investment income | $5,378 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,161,779 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $466,660 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $36,033 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $136,459 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $236,163 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $369,906 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,350,598 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $237,120 |
Savings and temporary cash investments | $601,687 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,188 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $800 |
Net Land, buildings, and equipment | $3,272,407 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,122,202 |
Accounts payable and accrued expenses | $29,513 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $5,974,821 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $83,928 |
Total liabilities | $6,088,262 |
Net assets without donor restrictions | -$1,994,542 |
Net assets with donor restrictions | $28,482 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,122,202 |
Over the last fiscal year, we have identified 1 grants that Newtown Housing For The Elderly Inc has recieved totaling $11,446.
Awarding Organization | Amount |
---|---|
Western Connecticut Area Agency On Aging Inc Waterbury, CT PURPOSE: NUTRITION | $11,446 |
Organization Name | Assets | Revenue |
---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Glenmeadow Inc Longmeadow, MA | $50,902,339 | $16,994,268 |