New Foundations Inc
- Assets
- $2.0m
- Revenue
- $2.9m
- Investments
- $8.0k
- Employees
- 56
- Location
- Wolcott, CT
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 06-1207406
Organization Overview
New Foundations Inc is located in Wolcott, CT. The organization was established in 1988. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, New Foundations Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Foundations 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 06/2022, New Foundations Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE RESIDENTIAL FACILITIES, SUPPORTED LIVING PROGRAMS, AND VOCATIONAL SUPPORTS FOR INDIVIDUALS WITH SPECIAL NEEDS WHO ARE LOCATED THROUGHOUT THE STATE OF CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIVING ARRANGEMENTS - GIVES DEVELOPMENTALLY DISABLED INDIVIDUALS A HOME IN THE COMMUNITY WHERE THEY CAN LEARN AND ACQUIRE NEW SKILLS, DEVELOP THEIR POTENTIAL ABILITIES AND BE PART OF THEIR COMMUNITY. THEY RECEIVE HEALTH AND BEHAVIORAL SUPPORT IN A 24-HOUR SUPERVISED ENVIRONMENT.
INDIVIDUALIZED DAY SERVICES - THE ORGANIZATION ASSISTS RESIDENTS IN A HOME ENVIRONMENT TEACHING VOCATIONAL/NON-VOCATIONAL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Vincenzo Executive Director | Officer | 40 | $87,422 |
Donna Buck Fiscal Affairs Administrator | Officer | 40 | $70,367 |
Mike Halagan Board President | OfficerTrustee | 0.5 | $0 |
Mike Gacek Board Secretary | OfficerTrustee | 0.5 | $0 |
Roberta Gacek Board Member (thru Dec 2021) | Trustee | 0.5 | $0 |
Todd Burton Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,025 |
| Noncash contributions included in lines 1a–1f | $6,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,211 |
| Total Program Service Revenue | $2,765,527 |
| Investment income | $367 |
| 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 | $2,865,149 |
| 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. | $176,244 |
| Compensation of current officers, directors, key employees. | $176,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,720,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,625 |
| Payroll taxes | $156,473 |
| 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 | $35,234 |
| Advertising and promotion | $0 |
| Office expenses | $73,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,646 |
| Travel | $40,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,743 |
| Insurance | $56,295 |
| All other expenses | $0 |
| Total functional expenses | $2,874,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,150 |
| 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 | $22,497 |
| Net Land, buildings, and equipment | $1,538,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $286 |
| Total assets | $1,984,728 |
| Accounts payable and accrued expenses | $147,957 |
| Grants payable | $0 |
| Deferred revenue | $57,701 |
| 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 | $1,645,121 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,753 |
| Total liabilities | $1,948,532 |
| Net assets without donor restrictions | $35,196 |
| Net assets with donor restrictions | $1,000 |
| 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 | $1,984,728 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Foundations Inc has recieved totaling $1,100.
| Awarding Organization | Amount |
|---|---|
Thomston Savings Bank Foundation Inc Thomaston, CT PURPOSE: TO ASSIST IN FUNDING THE PURCHASE OF A GENERATOR FOR THE FALCON AVE GROUP HOME. | $1,000 |
Ion Bank Foundation Inc Naugatuck, CT PURPOSE: COMMUNITY AWARDS 2021 | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Home For Children Brooklyn, NY | $34,218,405 | $23,455,311 |
Community Based Services Inc North Salem, NY | $21,316,827 | $22,708,330 |
Aid To The Developmentally Disabled Inc Riverhead, NY | $11,727,118 | $19,296,528 |
United Helpers Care Inc Ogdensburg, NY | $10,359,833 | $15,265,783 |
South Shore Association For Independent Living Inc Baldwin, NY | $15,533,435 | $16,812,940 |
Childrens Home Of Jefferson Watertown, NY | $16,958,713 | $16,096,937 |
Community Resource Center For The Developmentally Disabled Inc Bronx, NY | $8,612,894 | $17,540,807 |
Robert F Kennedy Childrens Action Corps Lancaster, MA | $8,178,483 | $14,493,083 |
Community Living Corporation Mount Kisco, NY | $5,634,587 | $14,614,569 |
Community Mainstreaming Associates Inc Westbury, NY | $10,857,099 | $14,953,024 |
Saint Vincents Services Inc Fall River, MA | $7,996,051 | $13,214,559 |
Long Island Center For Independent Living Inc Levittown, NY | $2,758,758 | $12,705,116 |