New Communities INC
Westbrook, Maine
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 3 peers in Housing & Shelter with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
7 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $22,498,700↓2% | $22,176,645↓2% | $22,418,927↑8% | — |
| 2022 | $23,060,684↓3% | $22,725,802↑9% | $20,811,557↓2% | — |
| 2021 | $23,774,102↑12% | $20,758,526↓1% | $21,168,953↑9% | — |
| 2020 | $21,194,578↑2% | $20,993,089↑8% | $19,495,535↑20% | — |
| 2019 | $20,850,418↑4% | $19,457,015↑6% | $16,301,001↑2% | — |
| 2018 | $19,967,297↑6% | $18,430,283↑114% | $15,986,998↑14% | — |
| 2017 | $18,799,985 | $8,603,716 | $14,000,823 | — |
Frequently Asked Questions
What does New Communities INC do?▼
New Communities INC is a housing & shelter nonprofit organization based in Maine. It is classified under NTEE code L21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is New Communities INC financially healthy?▼
Based on our 9-metric Financial Health Score model, New Communities INC has a score of 70/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does New Communities INC generate?▼
New Communities INC reports $24.0M in annual revenue and holds $23.2M in total assets, based on IRS filings.
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