New Colony Development Corporation
- Assets
- $4.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hamden, CT
- Founding
- 08/2017
- Data as of
- 06/2022
- EIN
- 81-4490452
Organization Overview
New Colony Development Corporation is located in Hamden, CT. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Colony 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 06/2022, New Colony Development Corporation generated $37.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (39.7%) each year. All expenses for the organization totaled $39.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (42.4%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO REMEDIATE, REPAIR, IMPROVE, BUILD, ERECT AND CONSTRUCT BUILDINGS TO PROMOTE OPPORTUNITIES FOR SMALL BUSINESSES. ORGANIZATION CAN TAKE TITLE OF CONTAMINATED PROPERTY AS A CT CERTIFIED BROWNFIELD LAND BANK BANK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Rolnick President | 2 | $0 | |
Eric West Treasurer | 1 | $0 | |
Joseph Aceto Vice President | 1 | $0 | |
Robert Leighton Director | 1 | $0 | |
Anthony Rossley Director | 1 | $0 | |
David Golebiewski Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $32,382 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,382 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $39,227 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $266 |
| Total expenses | $39,493 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,880 |
| Other assets | $0 |
| Total assets | $4,880 |
| Total liabilities | $20,502 |
| Net assets or fund balances | -$15,622 |