Overview
What is New Samaritan Development Corporation?
New Samaritan Development Corporation is a nonprofit organization situated in North Haven, Connecticut, specifically at 127 Washington Avenue 5th FL East, with a mission to develop and preserve affordable housing for low and moderate-income individuals in the Connecticut area. Their primary objective is to assist in creating homeownership opportunities for this demographic, thereby promoting neighborhood stability and improvement in low-income communities within the area. The corporation provides oversight and operational assistance to land trusts, ensuring the effective management and utilization of resources for the betterment of the community it serves.
Is New Samaritan Development Corporation legitimate?
New Samaritan Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Samaritan Development 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:
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Other Salaries and Wages: $12,982
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What is the mission statement of New Samaritan Development Corporation?
The New Samaritan Development Corporation is dedicated to aiding in the creation of home ownership opportunities for individuals with low and moderate income. Their mission encompasses developing and preserving decent, affordable housing within the Connecticut area. Furthermore, the organization promotes neighborhood stability and improvement in low-income communities within Connecticut. Lastly, New Samaritan Development Corporation strives to create home ownership opportunities, providing operational assistance to land trusts.
Who is the CEO of New Samaritan Development Corporation?
Sabine Cox is the Director of New Samaritan Development Corporation.
What is the revenue of New Samaritan Development Corporation?
New Samaritan Development Corporation's revenue in 2022 was $102,489.
Who are the executives of New Samaritan Development Corporation and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for New Samaritan Development Corporation?
New Samaritan Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Samaritan Development Corporation
New Samaritan Development Corporation is dedicated to aiding in the creation of home ownership opportunities for individuals with low and moderate incomes. Their mission extends beyond this, as they also work towards developing and preserving decent, affordable housing in the Connecticut area. Furthermore, the organization promotes neighborhood stability and improvement in low-income communities within Connecticut. Their ultimate goal is to provide opportunities for homeownership, contributing to the overall well-being and stability of these communities. The corporation offers oversight and operational assistance to land trusts, ensuring the successful implementation of their housing initiatives.
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Impact
October, 2024
New Samaritan Development Corporation significantly impacts the community by creating and preserving affordable housing options for low and moderate-income individuals in Connecticut. Through its efforts, the organization fosters neighborhood stability and revitalization, enhancing the quality of life for residents in low-income communities. By providing oversight and operating assistance to land trusts, New Samaritan actively contributes to developing homeownership opportunities, empowering individuals and families to achieve stability through housing. This focus on accessible housing not only supports the economic well-being of residents but also strengthens community ties and fosters a sense of belonging within the neighborhoods they serve.
This information is meant to be a general summary of New Samaritan Development 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: $23,096
- Program Service Revenue: $79,393
- Gross Receipts: $102,489
Assets and Liabilities:
- Total Assets: $5,085,250
- Total Liabilities: $20,414
- Net Assets: $5,064,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND LEASE INCOME
Revenue
$79,393
Organization Details
Founding Year
1988
Phone
(203) 230-4809Principal Officer
Sabine Cox
Main Address
127 WASHINGTON AVENUE 5TH FL EAST, NORTH HAVEN, CT, 06473
NTEE Category
Code: L80 - Housing
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