Overview
What is New Opportunities Economic Development Corporation?
New Opportunities Economic Development Corporation is a nonprofit organization situated in Waterbury, Connecticut. Their primary focus is on revitalizing dilapidated or economically disadvantaged areas within the state, aiming to improve the income, educational levels, and community involvement of local residents. They achieve this by acquiring properties, developing housing, and fostering sustainable economic and commercial development opportunities. This mission is geared towards uplifting economically deprived or deteriorating geographic areas within Connecticut.
Is New Opportunities Economic Development Corporation legitimate?
New Opportunities Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Opportunities Economic 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.
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What is the mission statement of New Opportunities Economic Development Corporation?
The New Opportunities Economic Development Corporation is dedicated to promoting economic development in geographically disadvantaged or deteriorating areas within Connecticut. They achieve this by engaging in various activities, such as the acquisition and revitalization of properties, the development of housing, and the creation of sustainable economic and commercial development opportunities. These initiatives aim to enhance the income, educational and skill levels, and community involvement of residents in Connecticut.
Who is the CEO of New Opportunities Economic Development Corporation?
Mr William Rybczyk is the Chairperson of New Opportunities Economic Development Corporation.
What is the revenue of New Opportunities Economic Development Corporation?
New Opportunities Economic Development Corporation's revenue in 2022 was $500.
Who are the executives of New Opportunities Economic Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $187,372
- Other: $7,636
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- Related: $192,760
- Other: $13,378
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- Related: $122,208
- Other: $19,530
Where can I find the form 990 for New Opportunities Economic Development Corporation?
New Opportunities Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Opportunities Economic Development Corporation
New Opportunities Economic Development Corporation is committed to fostering economic growth in regions within Connecticut that are economically disadvantaged or deteriorating. Their mission is twofold: firstly, they acquire and revitalize properties to enhance their value and secondly, they develop sustainable economic and commercial opportunities. This dual approach aims to elevate the income levels, improve the educational and skill sets, and increase community engagement among Connecticut residents. In essence, New Opportunities Economic Development Corporation is dedicated to revitalizing struggling areas of Connecticut, creating opportunities for economic growth and empowering its residents to improve their livelihoods.
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Impact
October, 2024
New Opportunities Economic Development Corporation plays a vital role in revitalizing economically distressed areas in Connecticut, particularly in Waterbury. By focusing on property acquisition and revitalization, the organization breathes new life into neighborhoods, fostering an environment conducive to growth.
Through the development of housing, it addresses one of the most pressing needs in these communities, providing residents with access to quality living conditions. Furthermore, the focus on sustainable economic and commercial development creates job opportunities and encourages local entrepreneurship, directly raising income levels in the area.
Moreover, the initiatives undertaken by the Corporation contribute to enhancing the educational and skill levels of residents, empowering them to achieve greater economic stability. By promoting community involvement, New Opportunities Economic Development Corporation strengthens social ties and encourages collaboration among residents to improve their neighborhoods. This comprehensive approach not only revitalizes the physical landscape but also uplifts the community's overall quality of life.
This information is meant to be a general summary of New Opportunities Economic 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.
- Gross Receipts: $500
Assets and Liabilities:
- Total Assets: $994,004
- Total Liabilities: $1,084,540
- Net Assets: -$90,536
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Organization Details
Founding Year
2010
Phone
(203) 575-9799Principal Officer
Mr William Rybczyk
Main Address
232 NORTH ELM STREET, WATERBURY, CT, 06702
NTEE Category
Code: S30 - Community improvement
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