Neighborhood Housing Services of New Britain
Nonprofit profile at a glance
- EIN
- 061006312
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025
- Location
- New Britain, CT, USA
- Phone
- 8602242433
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Expense Reduction Support
Reported finances
- Revenue
- $3,656,199
- Expenses
- $2,664,652
- Assets
- $13,570,883
- Liabilities
- $4,670,858
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- BRIDGETT FEAGIN (TREASURER)
- BETH WESLEY GHILONI-WAGE (BOARD CHAIR)
- HEIDI HOLT (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is engaged in encouraging the cooperative efforts of neighborhood representatives, government and participating lending institutions in a combined effort to stem the decline and deterioration of the housing within the city of new britain, ct
What it reported doing in 2025
Homeownership - financial empowerment through both group education and one-on-one coaching of financial principles and budgeting aimed at helping individuals and families improve their position, become homeowners, and/or protect their home from foreclosure.
Operating model
- Revenue model
- Grant-funded. 66% of the money available for current operations came from government grants.
- 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
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.5%; rating input score 57
- Program expense ratio: 77.5%; rating input score 78
- Fundraising efficiency: $68.1 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 27.1%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 5.09; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 16.8% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 12.2% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 56.5% of revenue deployed · 77.5% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $2.1M in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 11 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 23/100.