Nonprofit · EIN 27-3540138
NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · WATERBURY, CT 06702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $0 | $46,176 | -$46,176 | $997,547 | $1,205,960 | -$208,413 |
| October 31, 2024 | 990 | $0 | $38,575 | -$38,575 | $993,977 | $1,156,215 | -$162,238 |
| October 31, 2023 | 990 | $0 | $33,126 | -$33,126 | $993,939 | $1,117,601 | -$123,662 |
| October 31, 2021 | 990 | $0 | $31,481 | -$31,481 | $993,946 | $1,053,011 | -$59,065 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,240
- Accounting fees
- $2,200
- Occupancy
- $28,522
- Program services (functional)
- $46,176
Balance sheet and other
- Total assets, start of year
- $993,977
- Total assets, end of year
- $997,547
- Total liabilities, end of year
- $1,205,960
- Net assets, end of year
- -$208,413
- Net assets without donor restrictions
- -$208,413
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM RYBCZYK | PRESIDENT (FORMER) Officer | 1 | $0 | $257,168 | $11,401 |
| MARK E KOVITCH | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $157,370 | $29,344 |
| OMAR ANDUJOR | CHIEF ADMINISTRATIVE OFFIC Officer | 1 | $0 | $157,293 | $689 |
| MELISSA GREEN | CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| BELINDA WEAVER | VICE CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| VICTOR LOPEZ | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| MARITZA RIVERA | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
990 for the year ended October 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM RYBCZYK | PRESIDENT Officer | 1 | $0 | $267,048 | $14,477 |
| MARK E KOVITCH | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $148,405 | $29,400 |
| OMAR ANDUJOR | CHIEF ADMINISTRATIVE OFFIC Officer | 1 | $0 | $116,169 | $518 |
| MELISSA GREEN | CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| BELINDA WEAVER | VICE CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| VICTOR LOPEZ | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| MARITZA RIVERA | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
990 for the year ended October 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM RYBCZYK | PRESIDENT Officer | 1 | $0 | $191,769 | $15,230 |
| TONI HIRST | PRIOR CHIEF ADMINISTRATIVE OFFIC Officer | 1 | $0 | $186,229 | $6,387 |
| MARK E KOVITCH | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $133,032 | $23,822 |
| RACHEL T PEREZ | CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| MELISSA GREEN | VICE CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| MARITZA RIVERA | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| VICTOR LOPEZ | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| OMAR ANDUJOR | CHIEF ADMINISTRATIVE OFFIC Officer | 1 | $0 | $0 | $0 |
990 for the year ended October 31, 2021: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES H GATLING PH D | PRESIDENT (UNTIL 4/2021) Officer | 1 | $0 | $312,175 | $30,121 |
| TONI HIRST | CHIEF ADMIN OFFICER Officer | 1 | $0 | $192,027 | $7,675 |
| WILLIAM RYBCZYK | PRESIDENT (START 4/2021) Officer | 1 | $0 | $131,760 | $6,794 |
| MARK E KOVITCH | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $125,251 | $12,774 |
| RACHEL T PEREZ | CHAIRPERSON Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| JOYCE KENNEDY-JONES | VICE CHAIRPERSON Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| MARITZA RIVERA | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CHARLES HOFFLER | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 232 NORTH ELM STREET, WATERBURY, CT 06702-1516
- In care of
- % MIKE RISO
- Mailing address (990-N for 2011)
- 232 North Elm Street, Waterbury CT 06702
- Principal officer (990 for 2024)
- MARK KOVITCH, 232 NORTH ELM STREET, WATERBURY, CT 06702
- Principal officer (990-N for 2011)
- James Gatling, 232 North Elm Street, Waterbury CT 06702
- Signed the 990
- MARK KOVITCH, CHIEF FINANCIAL OFFICER
- Phone
- (203) 575-9799
- Return prepared by
- WHITTLESEY PC
Mission
TO ENGAGE IN ECONOMIC DEVELOPMENT IN GEOGRAPHIC AREAS THAT ARE ECONOMICALLY DEPRIVED OR DETERIORATING WITHIN THE STATE OF CONNECTICUT
Program accomplishments
- NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION PROMOTES AND 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.Expenses $46,176
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3540138
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- October
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $997,547
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $0 | $46,176 | $997,547 | XML |
| 990 | October 2024 | $0 | $38,575 | $993,977 | XML |
| 990 | October 2023 | $0 | $33,126 | $993,939 | XML |
| 990 | October 2022 | $500 | $31,971 | $994,004 | IRS |
| 990 | October 2021 | $0 | $31,481 | $993,946 | XML |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: James Gatling | October 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3540138).
Questions about NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION is 27-3540138.
- Is NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended October 31, 2025 names MARK KOVITCH.
- Who are the officers and directors of NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended October 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $0, expenses of $46,176 and total assets of $997,547 at year end.
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