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Neighborhood Housing Service of New Britain Inc

EIN 06-1006312 · New Britain, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair55 out of 100GovernanceGood89 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$6.1 million
Spending
$2.3 million
Spent on programs
79%
Reserves
-16.2 months of spending
Largest source of income
government grants, 88%
Employees
25

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 55 out of 100. Higher than 43% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 39% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 62% of income.

  • Income trend

    15 of 15

    Income rose 605% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 89 out of 100. Higher than 49% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $19,495 spent. COMMUNITY BUILDING AND ENGAGEMENT - WORKING COLLABORATIVELY WITH NEW BRITAIN AREA NEIGHBORHOOD GROUPS TO PROVIDE TECHNICAL ASSISTANCE ADDRESSING COMMUNITY ISSUES AFFECTING THE WELL-BEING OF RESIDENTS.
  2. $240,231 spent. REAL ESTATE DEVELOPMENT - RENOVATION OF EXISTING STRUCTURES ENSURING NEIGHBORHOOD RENEWAL AND COMMUNITY REVITALIZATION; CONSTRUCTION OF NEW HOMES TARGETED TO HOME AFFORDABILITY FOR TARGET POPULATIONS.
  3. $488,530 spent. 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.
  4. $1.1 million spent. ASSET MANAGEMENT - PROPERTY AND PORTFOLIO MANAGEMENT OF AFFORDABLE RENTAL HOUSING.
  5. ASSET MANAGEMENT - PROPERTY AND PORTFOLIO MANAGEMENT OF AFFORDABLE RENTAL HOUSING.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1980.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.