NEWTOWN HOUSING FOR THE ELDERLY, INC., ("NHE"), IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE LOW COST HOUSING FOR THOSE PERSONS AGED SIXTY-TWO OR OLDER AND TO THOSE PERSONS WHO ARE HANDICAPPED OR DISABLED. NHE OPERATES NUNNAWAUK MEADOWS, A 134-UNIT APARTMENT COMPLEX LOCATED IN NEWTOWN, CT. LONG-TERM FINANCING IS PROVIDED UNDER SECTION 515 OF THE HOUSING ACT OF 1949. NHE HAS ENTERED INTO AN INTEREST CREDIT AND RENTAL ASSISTANCE AGREEMENT WITH USDA-RURAL DEVELOPMENT ("USDA-RD"), WHEREBY RENTAL AND OPERATING METHODS ARE PRESCRIBED. USDA-RD IS A DIVISION OF THE U. S. DEPARTMENT OF AGRICULTURE AND IS MAJOR SOURCE OF REVENUE FOR NHE.
Reported officers (all unpaid)
No paid executives reported in 2024. Newtown Housing for the Elderly Inc reported 8 unpaid officers and board members on its 990.
Revenue and expenses over time
Newtown Housing for the Elderly Inc reported revenue and expenses across 2 filing years.
What Housing & Shelter executives earn
Newtown Housing for the Elderly Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable housing & shelter organization nationwide earns a median of $58,635.
These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 2,122 organizations across 2,122 filings (2021 – 2023).
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