Community Improvement (S30) 990 on File

NEW COLONY DEVELOPMENT CORPORATION

EIN: 81-4490452 · HAMDEN, CT 06518-2391 · United States · FY 2023 Data

2 out of 5 23 / 100 Based on one year of filings

Financial strength (30%) 30/100

Reliability (20%) 45/100

Effectiveness (25%) 21/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Financial Overview — FY 2023

$38K

Total Revenue

$62K

Total Expenses

$-39,695

Net Assets

N/A

Employees

Revenue Sources

Program Expense Ratio N/A

Fundraising Efficiency N/A

Operating Reserve -7.71x

Liability-to-Asset 15308.8%

Revenue Diversification 100.0%

Compared with Peers

FY 2023

Compared with 5,508 similar organizations (United States, Community Improvement, under $100K in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Operating reserve Months of expenses covered by net assets · higher is better	-7.7 mo	24.8 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	15308.8%	0.0%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	100.0%	99.0%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	0.8%	-0.8%	P10P90
Expense growth Year over year expense growth	56.4%	0.0%	P10P90
Surplus margin Surplus as a share of revenue	-63.9%	11.9%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$38K	$62K	$-39,695	—	—
2022	$37K	$39K	$-15,622	99.2%	—
2021	$103K	$119K	N/A	—	1

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Organization Details

EIN: 81-4490452
State: CT
City: HAMDEN
ZIP: 06518-2391
Classification: S30
Category: Community Improvement
Rating: 2★
Coverage: B
Last Updated: Aug 2026
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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