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Nonprofiteer
← NEW ECOLOGY INC

Form 990 for tax year 2022

Filed by NEW ECOLOGY INC.

Totals

Total revenue
$6,902,221
Total expenses
$6,895,988
Contributions and grants received
$2,936,395
Grants paid
$0
Program service revenue
$3,742,841
Investment income
$10,970
Other revenue
$212,015
Total assets, end of year
$4,068,171
Total liabilities, end of year
$2,387,948
Net assets or fund balances, end of year
$1,680,223
Program services expenses (Part IX)
$6,152,554
Management and general expenses
$743,434
Fundraising expenses
$0
Program service expenses (Part III)
$6,152,554

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,936,395

  • 2a · Program service revenue: PROGRAM SERVICES FEES

    total $3,742,841 · related or exempt $3,742,841

  • 3 · Investment income

    total $10,970 · related or exempt $10,970

  • 11a · Other revenue: Employee Retention Tax

    total $206,488 · related or exempt $206,488

  • 11b · Other revenue: Other revenue

    total $5,527 · related or exempt $5,527

  • 11e · Other revenue, total

    $212,015

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $164,739 · program services $153,207 · management and general $11,532

  • 7 · Other salaries and wages

    total $4,261,873 · program services $3,964,801 · management and general $297,072

  • 9 · Other employee benefits

    total $757,311 · program services $682,027 · management and general $75,284

  • 10 · Payroll taxes

    total $317,765 · program services $300,639 · management and general $17,126

  • 11b · Fees: legal

    total $500 · management and general $500

  • 11g · Fees: other

    total $323,616 · program services $293,850 · management and general $29,766

  • 13 · Office expenses

    total $158,999 · program services $126,454 · management and general $32,545

  • 14 · Information technology

    total $203,878 · program services $202,297 · management and general $1,581

  • 16 · Occupancy

    total $240,625 · program services $96,068 · management and general $144,557

  • 17 · Travel

    total $58,698 · program services $54,037 · management and general $4,661

  • 22 · Depreciation, depletion and amortization

    total $21,034 · management and general $21,034

  • 23 · Insurance

    total $57,763 · management and general $57,763

  • 24a · Other expenses: PROJECT EXPENSE

    total $113,588 · program services $113,543 · management and general $45

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $87,497 · program services $87,399 · management and general $98

  • 24c · Other expenses: EQUIPMENT

    total $66,168 · program services $66,846 · management and general -$678

  • 24d · Other expenses: PROFESSIONAL DUES AND F

    total $61,934 · program services $11,386 · management and general $50,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,430,908 · end of year $1,211,280

  • 2 · Savings and temporary cash investments

    beginning of year $444,857 · end of year $982,058

  • 4 · Accounts receivable

    beginning of year $1,287,450 · end of year $1,470,474

  • 8 · Inventories for sale or use

    beginning of year $14,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,905 · end of year $130,803

  • 10a · Land, buildings and equipment: cost or other basis

    $356,680

  • 10b · Land, buildings and equipment: accumulated depreciation

    $297,012

  • 10c · Land, buildings and equipment, net

    beginning of year $45,403 · end of year $59,668

  • 15 · Other assets

    beginning of year $7,764 · end of year $213,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $417,554 · end of year $612,645

  • 19 · Deferred revenue

    beginning of year $1,157,196 · end of year $1,569,787

  • 25 · Other liabilities

    beginning of year $0 · end of year $205,516

  • 27 · Net assets without donor restrictions

    beginning of year $1,673,990 · end of year $1,680,223

Mission and programs · 2022

Mission

SEE SCHEDULE "O".New Ecology addresses global environmental issues by bringing the benefits of sustainable development to the community level with a concerted emphasis on equity. We make the built environment more efficient, healthy, and resilient by advancing sustainable practices, ensuring accessible, affordable, and healthy environments in which to live and work.

  • SEE SCHEDULE "O".NEI conducts the following activities:Green Building ServicesNEI advances the impact of sustainable development in affordable multifamily housing by helping developers and their teams renovate or construct multifamily affordable housing, mixed-use buildings and small commercial buildings that are healthy, affordable, durable, resilient, and energy efficient.Existing Building DecarbonizationNEI transforms existing housing stock by working with owners and operators of existing buildings to decarbonize and electrify, reducing climate impacts, assuring compliance with regulations and improving resilience in multifamily affordable housing and small commercial buildings.Climate Smart CommunitiesNEI supports community-based partners in the naturally occurring affordable housing (NOAH) sector through the delivery of technical assistance and programs that deliver high-performance, climate ready, healthy housing and community revitalization.Research and DevelopmentNEI innovates and creates new opportunities for technologies, processes, and approaches that can make sustainable development in the built environment more accessible, cost-effective, efficient, and impactful.

    Expenses $6,152,554 · Revenue $6,902,221

  • N/A

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward F Connelly

    PRESIDENT/SECRETARY

    Total calculated
    $164,739
    From this org
    $164,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,739
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $164,739

  • Rebecca L Regan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Peter Lowitt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Josh Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eugenia Gibbons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kari Hewitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lindsey Sands

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bill Shutkin

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • Joshua Sklarsky

    CTO

    Total calculated
    $117,482
    From this org
    $117,482
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mark Stutman

    REGIONAL DIRECTOR

    Total calculated
    $100,333
    From this org
    $100,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Laurie Eldredge

    PRINCIPAL DIRECTOR

    Total calculated
    $108,808
    From this org
    $108,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202343069349302299

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