New Samaritan Development Corporation
New Samaritan Development Corporation: Stable Assets, Low Revenue, High Overhead
EIN: 222855937 · North Haven, CT · Updated: 2026-04-04
Is New Samaritan Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Samaritan Development Corporation directs 20% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New Samaritan Development Corporation
New Samaritan Development Corporation (EIN: 222855937) is a nonprofit organization based in North Haven, CT. The organization reported total revenue of $156K and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Samaritan Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Samaritan Development Corporation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 20%
- fundraising: 30%
According to IRS 990 filings, New Samaritan Development Corporation allocates its expenses as follows: admin: 50%, programs: 20%, fundraising: 30%. Only 20% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is unusual for an organization with significant assets and ongoing expenses, suggesting either a fully volunteer-led structure or undisclosed compensation mechanisms.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Samaritan Development Corporation's IRS 990 filings:
- High expense-to-revenue ratio: In 2023, expenses were $67,350 against revenue of $85,250, indicating a significant portion of income is consumed by overhead.
- Consistent 0% compensation reported: This raises questions about how leadership is compensated or if the organization is entirely volunteer-run, which is not explicitly stated.
- Limited program spending: With high administrative and fundraising costs, the actual funds directly applied to programs appear to be minimal relative to total expenses.
Strengths
The following positive indicators were identified for New Samaritan Development Corporation:
- Stable asset base: The organization consistently maintains assets around $5 million, indicating financial stability despite low revenue.
- Long operational history: Data spans from 2016 to 2023, suggesting a well-established presence.
- Low liabilities: Liabilities ('l') are consistently low, indicating good financial health in terms of debt.
Frequently Asked Questions about New Samaritan Development Corporation
Is New Samaritan Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Samaritan Development Corporation (EIN: 222855937) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does New Samaritan Development Corporation spend its money?
New Samaritan Development Corporation directs 20% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Samaritan Development Corporation tax-deductible?
New Samaritan Development Corporation is registered as a tax-exempt nonprofit (EIN: 222855937). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does New Samaritan Development Corporation do?
New Samaritan Development Corporation is a nonprofit organization in the Unknown sector, located in North Haven, Connecticut. It is classified under NTEE code Unknown.
How much revenue does New Samaritan Development Corporation have?
New Samaritan Development Corporation reported total revenue of $156,424. Based on 13 IRS 990 filings on record.
What are New Samaritan Development Corporation's total assets?
New Samaritan Development Corporation holds total assets of $5,214,197 as reported in IRS 990 filings.
Where is New Samaritan Development Corporation located?
New Samaritan Development Corporation is based in North Haven, Connecticut.
What is New Samaritan Development Corporation's EIN?
New Samaritan Development Corporation's Employer Identification Number (EIN) is 222855937. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Samaritan Development Corporation?
New Samaritan Development Corporation is classified under NTEE code Unknown (Unknown).
Is New Samaritan Development Corporation a registered 501(c)(3)?
New Samaritan Development Corporation appears in IRS records (EIN: 222855937). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Samaritan Development Corporation file IRS Form 990?
Yes, New Samaritan Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was New Samaritan Development Corporation's revenue in 2023?
In the 202309 filing period, New Samaritan Development Corporation reported total revenue of $85,250, total expenses of $67,350, and net assets of $5,105,092.
Is New Samaritan Development Corporation's revenue growing or declining?
New Samaritan Development Corporation's revenue is declining. Revenue went from $102,489 (202212) to $85,250 (202309), a -16.8% change. Based on 13 filings on record.
What is New Samaritan Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for New Samaritan Development Corporation covers tax period 202309. It shows revenue of $85,250, expenses of $67,350, total assets of $5,105,092, and liabilities of $32,517.
How much does New Samaritan Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, New Samaritan Development Corporation allocates approximately 20% of expenses to program services, 50% to administrative costs, and 30% to fundraising. Overhead costs appear high relative to program spending.
Is New Samaritan Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, New Samaritan Development Corporation shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for New Samaritan Development Corporation?
The following concerns were identified: High expense-to-revenue ratio: In 2023, expenses were $67,350 against revenue of $85,250, indicating a significant portion of income is consumed by overhead.. Consistent 0% compensation reported: This raises questions about how leadership is compensated or if the organization is entirely volunteer-run, which is not explicitly stated.. Limited program spending: With high administrative and fundraising costs, the actual funds directly applied to programs appear to be minimal relative to total expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Samaritan Development Corporation's strengths?
Positive indicators for New Samaritan Development Corporation include: Stable asset base: The organization consistently maintains assets around $5 million, indicating financial stability despite low revenue.. Long operational history: Data spans from 2016 to 2023, suggesting a well-established presence.. Low liabilities: Liabilities ('l') are consistently low, indicating good financial health in terms of debt.. These findings are derived from AI analysis of the organization's financial filings.
How does New Samaritan Development Corporation compensate executives?
Executive compensation is reported as 0% across all available filings, which is unusual for an organization with significant assets and ongoing expenses, suggesting either a fully volunteer-led structure or undisclosed compensation mechanisms. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does New Samaritan Development Corporation sustain its operational leadership and management, and what is the long-term strategy for funding these roles?
The consistent 0% compensation suggests either a fully volunteer-driven model or that compensation is covered through non-reportable means. Understanding the long-term strategy for leadership funding is crucial for assessing sustainability.
With revenue consistently around $100,000 and expenses often exceeding this, how does the organization manage to maintain a stable asset base of over $5 million?
The stable asset base despite low revenue and high expenses suggests that the organization might be drawing from an endowment or investment income not fully captured in the 'r' (revenue) figure, or that the assets are largely illiquid and not directly used for operational funding.
Filing History
IRS 990 filing history for New Samaritan Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Samaritan Development Corporation's revenue has grown by 1.3%, moving from $84K to $85K. Total assets increased by 9.4% over the same period, from $4.7M to $5.1M. Total functional expenses rose by 10%, from $61K to $67K. In its most recent filing year (2023), New Samaritan Development Corporation reported a surplus of $18K, with revenue exceeding expenses. The organization holds $33K in liabilities against $5.1M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $67K | $5.1M | $33K | — | View 990 |
| 2022 | $102K | $83K | $5.1M | $20K | — | View 990 |
| 2021 | $116K | $85K | $5.2M | $13K | — | View 990 |
| 2020 | $107K | $88K | $5.1M | $11K | — | View 990 |
| 2019 | $101K | $60K | $5.0M | $9K | — | View 990 |
| 2018 | $111K | $55K | $4.9M | $10K | — | View 990 |
| 2017 | $109K | $63K | $4.9M | $8K | — | View 990 |
| 2016 | $105K | $60K | $4.8M | $8K | — | View 990 |
| 2015 | $91K | $64K | $4.7M | $7K | — | View 990 |
| 2014 | $88K | $67K | $4.7M | $6K | — | View 990 |
| 2013 | $80K | $71K | $4.7M | $6K | — | View 990 |
| 2012 | $84K | $58K | $4.7M | $5K | — | View 990 |
| 2011 | $84K | $61K | $4.7M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $67K, and assets of $5.1M (revenue -16.8% year-over-year).
- 2022: Revenue of $102K, expenses of $83K, and assets of $5.1M (revenue -12.0% year-over-year).
- 2021: Revenue of $116K, expenses of $85K, and assets of $5.2M (revenue +9.0% year-over-year).
- 2020: Revenue of $107K, expenses of $88K, and assets of $5.1M (revenue +5.7% year-over-year).
- 2019: Revenue of $101K, expenses of $60K, and assets of $5.0M (revenue -8.6% year-over-year).
- 2018: Revenue of $111K, expenses of $55K, and assets of $4.9M (revenue +1.2% year-over-year).
- 2017: Revenue of $109K, expenses of $63K, and assets of $4.9M (revenue +4.2% year-over-year).
- 2016: Revenue of $105K, expenses of $60K, and assets of $4.8M (revenue +14.8% year-over-year).
- 2015: Revenue of $91K, expenses of $64K, and assets of $4.7M (revenue +3.9% year-over-year).
- 2014: Revenue of $88K, expenses of $67K, and assets of $4.7M (revenue +9.9% year-over-year).
- 2013: Revenue of $80K, expenses of $71K, and assets of $4.7M (revenue -4.9% year-over-year).
- 2012: Revenue of $84K, expenses of $58K, and assets of $4.7M (revenue +0.0% year-over-year).
- 2011: Revenue of $84K, expenses of $61K, and assets of $4.7M.
Data Sources and Methodology
This transparency report for New Samaritan Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.