Newday Management Corporation
Nonprofit profile at a glance
- EIN
- 841996746
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Hartford, CT, USA
- Phone
- 8607238413
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $102,344
- Expenses
- $12,073
- Assets
- $189,768
- Liabilities
- $63,269
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ANNETTE SANDERSON (PRESIDENT)
- JEFFREY STEWART (VICE PRESIDENT)
People named in this filing
- ANNETTE SANDERSON (PRESIDENT)
- JEFFREY STEWART (VICE PRESIDENT)
- JOSHUA BIRD (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To manage real property owned by hartford housing authority's instrumentalities and affiliated entities in the performance of their essential functions, including: the provision and management of low and affordable housing in the city of hartford, Connecticut, and in the county of hartford as may be permitted by applicable law, the promotion and advancement of neighborhood economic development and stabilization, related employment opportunities and housing revitalization and urban renewal, by engaging, directly or indirectly, in activities in support of such purposes, including, inter alia, providing quality real property management services.
What it reported doing in 2024
Newday management corporation manages real property owned by hartford housing authority's instrumentalities and affiliated entities in the performance of their essential functions, including: the provision and management of low and affordable housing in the city of hartford, Connecticut, and in the county of hartford as may be permitted by applicable law, the promotion and advancement of neighborhood economic development and stabilization, related employment opportunities and housing revitalization and urban renewal, by engaging, directly or indirectly, in activities in support of such purposes, including, inter alia, providing quality real property management services.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 85
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.5%; rating input score 97
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 88.2%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 15.72; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: -1.9% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 55.7% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 96.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $99K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.