New Opportunities Inc
To improve the quality of life for economically disadvantaged individuals by providing the necessary resources to increase their standard of living, foster self improvement, and to maximize self empowerment.
New Opportunities Inc at a glance
In short: New Opportunities Inc gave $600K across 3 grants in 2025 (avg $200K), mostly in Connecticut. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $599,940
- +82.7% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $199,980
- +82.7% vs 2024
- Median grant
- $149,116
- Total assets
- $13,959,412
- -14.4% vs 2024
- Primary geography
- Connecticut (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026.
Who New Opportunities Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Mercy Housing & Shelter Corporation ($311K). Together the top 3 received $600K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 14 (43%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How New Opportunities Inc gives
- Giving grew 149% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $214K (2019) to $600K (2025). In 2025 it made 3 grants totaling $600K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Housing & Shelter Corporation Hartford, CT | Housing | $310,824 |
| Catholic Charities Hartford, CT | Early Childhood Readiness | $149,116 |
| St Vincent De Paul Middletown Middletown, CT | Housing | $140,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $13,959,412 | $37,116,811 | $41,671,504 | $599,940 | 3 | $259,364 |
| 2024 | $16,308,791 | $42,009,716 | $42,249,983 | $328,286 | 3 | $-11,674 |
| 2023 | $15,433,002 | $45,934,854 | $45,779,180 | $312,733 | 2 | $104,036 |
| 2022 | $13,509,007 | $47,240,865 | $47,290,011 | $240,870 | 3 | $-698,082 |
| 2021 | $9,496,860 | $43,801,521 | $41,747,027 | $320,627 | 3 | $69,719 |
| 2020 | $8,781,118 | $37,123,244 | $35,318,180 | $229,470 | 2 | $1,700 |
| 2019 | $7,339,931 | $32,066,917 | $32,476,737 | $213,553 | 2 | $-2,338 |
About New Opportunities Inc
Based on IRS filings
New Opportunities Inc is a public charity, based in Waterbury, CT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $14.0M in total assets. In 2025, it awarded 3 grants totaling $600K. Net investment income was $259K.
Leadership & Key People
Officers and directors from IRS filings
New Opportunities Inc is led by James H. Gatling PhD, Former President & CEO since 2022 (on filings since 2019); 9 of 26 officers listed in 2025 are compensated.
Officers on the 2025 filing
James H. Gatling PhD
Former President & CEO
President & CEO → Former President & CEO, 2022
On filings since 2019
1 hr/week
$267K (2019) → $100K (2025)
William R. Rybczyk
President & CEO
Director Research & Development → President & CEO, 2021
On filings since 2019
40 hrs/week
$110K (2019) → $257K (2025)
Melissa Green
Chairperson
Director → Vice Chairperson, 2022
Vice Chairperson → Chairperson, 2024
On filings since 2019
1 hr/week
No compensation reported
Joanne Balaschak
Director of Energy Service
Director Energy Services → Director of Energy Services, 2022
Director of Energy Services → Director of Energy Service, 2023
On filings since 2019
40 hrs/week
$116K (2019) → $141K (2025)
Adrienne M. Ricciardi
Director of Early Childhoo
New on the 2025 filing
40 hrs/week
$114K (2025)
Brian Bonds
Director of Residential An
New on the 2025 filing
40 hrs/week
$115K (2025)
Gawdys Grullen
Director of Research & Development
New on the 2025 filing
40 hrs/week
$116K (2025)
Steven Burkman
Director of Information Se
New on the 2025 filing
40 hrs/week
$110K (2025)
Deneen Fryer
Director
On filings since 2019
1 hr/week
No compensation reported
Dora Bennett
Director
On filings since 2019
1 hr/week
No compensation reported
Gaylynn Hadley
Director
On filings since 2019
1 hr/week
No compensation reported
John Davis
Director
On filings since 2019
1 hr/week
No compensation reported
Mary Conklin
Director
On filings since 2019
1 hr/week
No compensation reported
Michele Saavedra-Slappey
Director
On filings since 2019
1 hr/week
No compensation reported
Rosa Carlascio
Director
On filings since 2021
1 hr/week
No compensation reported
Joyce Kennedy Jones
Director
On filings since 2022
1 hr/week
No compensation reported
Chelsey Harris
Director
On filings since 2023
1 hr/week
No compensation reported
John Burrus
Director
On filings since 2023
1 hr/week
No compensation reported
Alicia Debarrows
Director
On filings since 2024
1 hr/week
No compensation reported
Melissa Hurley
Director
On filings since 2024
1 hr/week
No compensation reported
Sonya Jelks
Director
On filings since 2024
1 hr/week
No compensation reported
Mark E. Kovitch
CFO
On filings since 2020
40 hrs/week
$18K (2020) → $157K (2025)
Omar Andujor
Chief Administrative Officer
On filings since 2023
40 hrs/week
$116K (2024) → $157K (2025)
Belinda Weaver
Vice Chairperson
Director → Vice Chairperson, 2024
On filings since 2019
1 hr/week
No compensation reported
Maritza Rivera
Secretary
On filings since 2019
1 hr/week
No compensation reported
Victor Lopez
Treasurer
Director → Treasurer, 2023
On filings since 2019
1 hr/week
No compensation reported
Former officers (14)
- Former: Cheryl Flanagan (2023–2024) — Director
- Former: Rachel Perez (2019–2023) — Chairperson
- Former: Toni Hirst (2019–2023) — Prior Chief Administrative Officer
- Former: Alexa Keener (2022–2023) — Director
- Former: James Perry (2023) — Director of Family Empowerment & Utilization
- Former: Melissa Gamm (2023) — Controller
- Former: Charles Hoffler (2019–2022) — Treasurer
- Former: Eddie Joyce (2019–2022) — Director
- Former: Patricia Donovan (2020–2022) — Director of Human Services
- Former: Michele Saavedra-Sla Ppey (2021–2022) — Director
- Former: Joyce Kennedy-Jones (2019–2021) — Vice Chairperson
- Former: Anthony Pietrafesa (2019) — Director
- Former: Michael A. Gurecka (2019) — Chief Financial Officer
- Former: Patricia Rush (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $257K, to William R Rybczyk (President/CEO (Former)). 9 officers or directors reported compensation on that filing.
Frequently asked questions about New Opportunities Inc
How much does New Opportunities Inc give each year?
New Opportunities Inc gave $600K across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $328K across 3 grants.
What is New Opportunities Inc's typical grant size?
New Opportunities Inc's median grant in 2025 was $149,116, and its average grant was $199,980, across 3 grants on its 2025 IRS Form 990.
Where does New Opportunities Inc give grants?
New Opportunities Inc gives mostly in Connecticut: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Hartford, CT (2 grants).
Does New Opportunities Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on New Opportunities Inc's 2025 IRS Form 990 were described as general or operating support.
How large is New Opportunities Inc?
New Opportunities Inc reported $14.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $37.1M.
What is New Opportunities Inc's EIN?
New Opportunities Inc's EIN (Employer Identification Number) is 06-6071847. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 19, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS September 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 16, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 8, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS September 15, 2026)
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