Middlewoods of Newington Inc
Nonprofit profile at a glance
- EIN
- 743080603
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Shelton, CT, USA
- Phone
- 2039448285
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nursing Services (General)
Reported finances
- Revenue
- $2,923,948
- Expenses
- $3,058,618
- Assets
- $4,396,478
- Liabilities
- $6,462,770
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- ZVONIMIR JUKIC (VICE PRESIDENT OF FINANCE)
- LORI PISANI (DIRECTOR/EXECUTIVE DIRECTOR)
- JON-PAUL VENOIT (PRESIDENT & CEO, ASSISTANT SECRETARY)
Highest reported compensation
- JON-PAUL VENOIT (PRESIDENT & CEO, ASSISTANT SECRETARY): $855,894 total reported compensation
- DAVID M LAWLOR CFO ASSISTANT (TREASURER (EFFECTIVE 01/01/25)): $829,570 total reported compensation
- ZVONIMIR JUKIC (VICE PRESIDENT OF FINANCE): $195,241 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a continuum of services that supports health, independence, and dignity. We build this continuum on the belief that a relationship-centered philosophy best sustains body, mind and spirit.
What it reported doing in 2024
The organization is a 60 unit managed residential community that provides assisted living apartments for senior adults along with wellness programs and comprehensive care.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some related-organization disclosures are missing and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 67
- Accountability: 91
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 85.7%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.6%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 1.47; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 89.6% of revenue deployed · 85.7% of spending went to programs
- Governance: 16 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $856K · 22 people listed · 2 of 6 pay-setting controls reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 19 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.