2022-09-13T15:45:13-05:00 2021-10-31 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2020-11-01 273540138 NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION NEWO 2035759799 232 NORTH ELM STREET WATERBURY CT 06702 MR WILLIAM RYBCZYK PRESIDENT 2035759799 2022-09-13 1 MR WILLIAM RYBCZYK 999009999 CATHIANN BELLARD P01314856 2037819600 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z MR WILLIAM RYBCZYK 232 NORTH ELM STREET WATERBURY CT 06702 0 0 X N/A X 2010 CT TO ENGAGE IN ECONOMIC DEVELOPMENT IN GEOGRAPHIC AREAS THAT ARE ECONOMICALLY DEPRIVED OR DETERIORATING WITHIN THE STATE OF CONNECTICUT 4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22297 31481 22297 31481 -22297 -31481 994137 993946 1021721 1053011 -27584 -59065 TO ENGAGE IN ECONOMIC DEVELOPMENT IN GEOGRAPHIC AREAS THAT ARE ECONOMICALLY DEPRIVED OR DETERIORATING WITHIN THE STATE OF CONNECTICUT. 0 0 31481 NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION PROMOTES AND SUSTAINS ECONOMIC DEVELOPMENT ACTIVITIES IN LOW INCOME NEIGHBORHOODS THROUGHOUT CONNECTICUT THROUGH THE ACQUISITION AND REVITALIZATION OF PROPERTIES, THE DEVELOPMENT OF HOUSING AND THE CREATION OF SUSTAINABLE ECONOMIC AND COMMERCIAL DEVELOPMENT OPPORTUNITIES THAT RAISE THE INCOME, EDUCATIONAL/SKILL LEVELS AND COMMUNITY INVOLVEMENT OF CONNECTICUT RESIDENTS. 31481 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X MARK KOVITCH 2035754293 232 NORTH ELM ST WATERBURY CT 06702 X RACHEL T PEREZ CHAIRPERSON 0.25 0.75 X X 0 0 0 JOYCE KENNEDY-JONES VICE CHAIRPERSON 0.25 0.75 X X 0 0 0 MARITZA RIVERA SECRETARY 0.25 0.75 X X 0 0 0 CHARLES HOFFLER TREASURER 0.25 0.75 X X 0 0 0 JAMES H GATLING PH D PRESIDENT (UNTIL 4/2021) 1.00 39.00 X 0 312175 30121 TONI HIRST CHIEF ADMIN OFFICER 1.00 39.00 X 0 192027 7675 WILLIAM RYBCZYK PRESIDENT (START 4/2021) 1.00 39.00 X 0 131760 6794 MARK E KOVITCH CHIEF FINANCIAL OFFICER 1.00 39.00 X 0 125251 12774 0 761213 57364 0 0 1 0 0 0 0 0 0 1442 1442 26 26 27574 27574 2439 2439 31481 31481 0 0 6 0 3327 3142 990804 990804 994137 993946 105544 26845 916177 1026166 1021721 1053011 X -27584 -59065 -27584 -59065 994137 993946 -31481 0 X 0 1 X 0 1 1 X 16 16 16 16 16 16 27200 1.00000 1.00000 X 0 REAL ESTATE UNDER DEVELOPMENT 990804 990804 DUE TO AFFILIATE 1026166 1026166 X PART X, LINE 2: NEW OPPORTUNITIES ECONOMIC DEVELOPMENT, INC IS EXEMPT FROM FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AS A PUBLIC CHARITY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF OCTOBER 31, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 0 1 0 0 0 0 0 0 0 JAMES H GATLING PH D PRESIDENT (UNTIL 4/2021) 0 312175 0 0 0 0 0 19726 0 10395 0 342296 0 0 TONI HIRST CHIEF ADMIN OFFICER 0 192027 0 0 0 0 0 5785 0 1890 0 199702 0 0 PART I, LINE 3 PART I, LINE 3: THE CEO/EXECUTIVE DIRECTOR OF NEW OPPORTUNITIES ECONOMIC DEVELOPMENT IS PAID BY A RELATED ORGANIZATION, NEW OPPORTUNITIES, INC., WHICH USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B JAMES H. GATLING PH.D - STARTED RECEIVING PAYMENTS FROM NON-QUALIFIED RETIREMENT PLAN IN APRIL 2021 TOTALING $46,158. THERE WERE NO PAYMENTS INCLUDED IN THE 2020 W2 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES TO NEW OPPORTUNITIES, INC. A RELATED 501(C)3 ORGANIZATION FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CONTROLLER AND CHIEF FINANCE OFFICER OF NEW OPPORTUNITIES INC., A RELATED 501(C)3 CORPORATION WHO PROVIDES MANAGEMENT FUNCTIONS TO NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE OFFICE OF NEW OPPORTUNITIES, INC. NEW OPPORTUNITIES INC 232 NORTH ELM STREET WATERBURY CT 06702 066070847 TO IMPROVE LIVES OF ECONOMICALLY DISADVANTAGED INDIVIDUALS CT 501(C)(3) LINE 7 N/A 0 NORTH SQUARE GATEWAY TERRACE INC 232 NORTH ELM STREET WATERBURY CT 06702 311693980 TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME FAMILIES CT 501(C)(3) LINE 7 N/A 0 CAMELOT LIMITED PARTNERSHIP 232 NORTH ELM STREET WATERBURY CT 06702 061531373 REAL-ESTATE RENTAL CT N/A N/A 0 0 CAMELOT CENTER INC 232 NORTH ELM STREET WATERBURY CT 06702 061531370 REAL-ESTATE RENTAL CT N/A C 0 COMMUNITY WIDE INVESTMENT CORP 232 NORTH ELM STREET WATERBURY CT 06702 061103496 INACTIVE CT N/A C 0 NORTH SQUARE GATEWAY DEVELOPMENT INC 232 NORTH ELM STREET WATERBURY CT 06702 234188184 INACTIVE CT N/A C 0 CT FOOD 4 THOUGHT INC 232 NORTH ELM STREET WATERBURY CT 067021516 825506813 HYDROPONICS CT N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 NEW OPPORTUNITIES S 1026166 CASH