New Samaritan Development Corporation

Organization Overview

New Samaritan Development Corporation is located in North Haven, CT. The organization was established in 1988. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Samaritan Development Corporation 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 12/2021, New Samaritan Development Corporation generated $116.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $84.6k during the year ending 12/2021. While expenses have increased by 4.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST IN CREATION OF HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PEOPLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE OVERSIGHT AND OPERATING ASSISTANCE TO LAND TRUST.


LAND TRUST, FOR LOW INCOME AND MODERATE INCOME HOUSING-WOLCOTT, CT.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
C Michael Tucker
V Chair
$0
Jennifer Gaudet
Chair
$0
Kathryn Hegedus
Asst Sec
$0
Rev Barbara Libby
Secretary
$0
Rev Joseph Tobin
Asst Treasurer
$0
Jeffrey Asher
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$82,967
Investment income $20,447
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $13,050
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $116,464

Create an account to unlock the data you need.

or