Overview
What is New Samaritan Corporation?
New Samaritan Corporation, established in 1970, is a dedicated nonprofit organization based in Storrs, Connecticut. Their primary mission is to uphold human dignity by promoting, offering, and developing affordable and accessible high-quality housing and healthcare facilities. Their core values include empowering individuals and communities, transparent decision-making, innovative leadership, and ethical business practices. Over the years, New Samaritan Corporation has primarily focused on developing housing communities for elderly and disabled individuals, as well as low and moderate-income families, not only in Connecticut but also in Rhode Island and Massachusetts. As the largest non-profit provider of elderly housing in Connecticut, they provide thousands of housing units. Their most recent development, a 15-unit elderly housing community in Old Saybrook, CT, exemplifies their commitment to affordable housing. Future projects are considered based on various factors, including building communities where dignity and compassion thrive. Additionally, New Samaritan Corporation operates a 98-bed skilled nursing facility, Mansfield Center for Nursing and Rehabilitation (MCNR) in Storrs, CT, which promotes goodwill towards its neighbors by creating a supportive environment for residents and their families. MCNR participates in community outreach programs, supports healthcare education for students, and provides opportunities for students to shadow healthcare professionals.
Official website here: www.newsam.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% - Four-Star out of Four Star rating
New Samaritan Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The rating is based on a perfect score in several critical areas, indicating that the organization operates with a high level of transparency and maintains rigorous financial oversight. The majority of the board members are independent, further underscoring the integrity of the governance structure.
The organization demonstrates a robust financial health, with an impressive program expense ratio of 82.70%, meaning that the majority of its funds are directed toward its programs rather than administrative costs. Additionally, New Samaritan Corporation has established comprehensive policies related to conflict of interest, whistleblower protections, and document retention, which enhance its credibility and operational effectiveness.
While the rating highlights significant strengths, it is essential to continuously monitor any potential changes in fiscal practices or governance. Nonetheless, the absence of material diversion of assets and strong financial ratios suggest that New Samaritan Corporation is well-positioned to fulfill its mission effectively and efficiently.
This AI summary has been generated from information found on Charity Navigator.
Is New Samaritan Corporation legitimate?
New Samaritan Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Samaritan Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,349,288
For more financial information, click here
Official website here: www.newsam.org
What is the mission statement of New Samaritan Corporation?
The New Samaritan Corporation advocates for human dignity primarily by encouraging, providing, developing, and managing affordable, accessible, high-quality housing and healthcare facilities for all individuals. This organization values empowerment, shared decision-making, innovative leadership, organizational development, and ethical business practices. Since its establishment in 1970, the New Samaritan Corporation has primarily developed housing communities for elderly and disabled individuals, as well as low and moderate-income families, in various locations, including Connecticut, Rhode Island, and Massachusetts. As a leading non-profit provider of elderly housing in Connecticut, the corporation offers thousands of housing units and also operates a skilled nursing facility. The organization actively participates in programs that facilitate health and well-being, improve independence, and build social accountability for its residents and their families in the community.
Official website here: www.newsam.org
Who is the CEO of New Samaritan Corporation?
Kelly Mcdermott is the Principal Officer of New Samaritan Corporation. The CEO's salary of New Samaritan Corporation is $0 and their total compensation is $0.
Official website here: www.newsam.org
What is the revenue of New Samaritan Corporation?
New Samaritan Corporation's revenue in 2022 was $9,622,611.
Official website here: www.newsam.org
Who are the executives of New Samaritan Corporation and what are their salaries?
The average compensation at New Samaritan Corporation during 2022 was $29,809. There are 213 employees and 12 volunteers at New Samaritan Corporation.
Here are 18 key members and their salaries (New Samaritan Corporation's CEO's salary is $0 and their total compensation is $0):
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- Related: $129,514
- Other: $11,159
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- Other: $4,512
- Compensation: $148,702
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- Compensation: $111,925
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- Compensation: $101,452
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- Other: $3,268
Official website here: www.newsam.org
Where can I find the form 990 for New Samaritan Corporation?
New Samaritan Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newsam.org
Learn more at the official website: www.newsam.org
Mission Statement of New Samaritan Corporation
New Samaritan Corporation, a renowned non-profit organization, is primarily dedicated to advocating for human dignity. They achieve this by encouraging, providing, developing, and managing affordable and accessible high-quality housing and healthcare facilities for all individuals. The organization's values include empowerment of individuals and communities, shared and transparent decision-making, innovative leadership and organizational development, and ethical business practices.
Since its inception in 1970, New Samaritan Corporation has primarily focused on developing housing communities for elderly and disabled individuals, as well as low and moderate income families. Expanding its reach, the organization has also developed housing in Rhode Island and Massachusetts. As the largest non-profit provider of elderly housing in Connecticut, New Samaritan Corporation provides thousands of housing units, ensuring dignity and compassion for the community.
In addition to housing, New Samaritan Corporation also owns and operates a 98-bed skilled nursing facility, Mansfield Center for Nursing and Rehabilitation (MCNR). Located in Storrs, Connecticut, MCNR is part of a larger campus of senior services sponsored by New Samaritan or managed by the Town of Mansfield. By promoting goodwill towards its neighbors, MCNR works to create a milieu that supports not only the resident but also their family in the community. MCNR participates in programs that facilitate health and well-being, improve independence, and build social accountability. In 2020, MCNR made significant strides in resident support and nutrition, community outreach, healthcare education, and student clinical rotations, furthering its commitment to quality care and service for all.
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Impact
July, 2024
New Samaritan Corporation's impact is primarily focused on advocating for human dignity by providing, developing, and managing affordable, accessible, safe, and quality housing and healthcare facilities for all individuals. They have positively impacted thousands of elderly and disabled individuals, as well as low and moderate-income families, through the development of housing communities in Connecticut, Rhode Island, and Massachusetts.
Additionally, their skilled nursing facility, Mansfield Center for Nursing and Rehabilitation (MCNR), plays a crucial role in supporting the health and well-being of residents and the community. MCNR actively engages in various community outreach programs, including supporting local shelters, senior centers, and educational institutions. They also provide valuable opportunities for healthcare students to gain hands-on experience and education in a real clinical setting.
Through their commitment to ethical business practices and community engagement, New Samaritan Corporation has created a meaningful impact on the lives of individuals in need of housing and healthcare services, while also fostering a sense of compassion and support within the community.
This information is meant to be a general summary of New Samaritan Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $639,798
- Program Service Revenue: $7,467,069
- Gross Receipts: $13,668,865
Assets and Liabilities:
- Total Assets: $9,212,753
- Total Liabilities: $1,635,653
- Net Assets: $7,577,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID
Revenue
$2,661,736
PRIVATE
Revenue
$2,569,923
MEDICARE
Revenue
$1,905,570
ALL OTHER PROGRAM
Revenue
$287,944
MANAGED CARE AND OTHERS
Revenue
$41,896
Organization Details
Founding Year
1970
Phone
(203) 203-4809Principal Officer
Kelly Mcdermott
Main Address
100 WARREN CIRCLE, STORRS, CT, 06268
Website
www.newsam.orgNTEE Category
Code: L210 - Housing
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