New Samaritan Corporation

What New Samaritan Corporation does

New Samaritan Corporation (NSC) is a 501(c)(3) tax-exempt non-profit founded in 1973 and headquartered in North Haven, Connecticut. Through its core operating subsidiary, Elderly Housing Management, Inc. (EHM), the company manages more than 2,600 units of affordable housing across 60 separate communities in Connecticut and a small footprint in Massachusetts, serving elderly residents aged 62 and older, non-elderly disabled individuals, and low-income families. NSC is described as the largest multi-site affordable housing network in Connecticut. A separate affiliated entity, New Samaritan Development Corporation, handles new construction and rehabilitation projects such as the 22-unit New Samaritan Parkville community opened in Hartford in June 2024.

NSC's core service offering is third-party property management for non-profit owners and public housing authorities. EHM provides financial management and bookkeeping, physical property maintenance through on-site staff, regulatory compliance for HUD, USDA-RD, LIHTC, CHFA, Connecticut DECD, and DOH programs, and resident service coordination to enable aging in place. Properties are funded primarily by federal and state housing programs (including Section 202/PRAC, Section 8, Section 515, and LIHTC), with rents typically set at 30% of a resident's adjusted monthly income and subsidized to cover operating costs. Technology is limited to standard property-management and compliance-tracking software; NSC is explicitly described as a property management organization rather than a technology company.

The revenue model is managed services plus development fees. EHM earns management fees from property owners (non-profit housing corporations and housing authorities), while the development arm captures project fees on new construction and rehabilitation. As a tax-exempt non-profit, proceeds are reinvested into facilities, resident programs, and operations rather than distributed. The company is led by President/CEO Kelly McDermott (named CT Housing Coalition Developer of the Year in 2015) with a recently expanded executive team including COO Sophia Rosa (joined June 2023) and long-tenured Comptroller Sabine E. Cox (35+ years of HUD/USDA-RD compliance expertise). Funding comes from government housing programs and donations rather than equity investment.

Name

New Samaritan Corporation

Legal name

New Samaritan Corporation

Website

https://ehmchm.org

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

New Samaritan Corporation, through its subsidiary Elderly Housing Management, Inc., manages more than 2,600 units of affordable housing across 60 communities in Connecticut and Massachusetts, serving elderly (62+), disabled, and low-income family residents under HUD, USDA-RD, CHFA, and LIHTC programs.

Ownership category

akta.pro rank

Product category

Affordable Housing Property Management

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Assisted Living Facilities for the Elderly (623312), Services for the Elderly and Persons with Disabilities (624120), Other Residential Care Facilities (62399)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Nursing & Personal Care Facilities (8050), Services-Social Services (8300)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Senior & Assisted Living Residential Property Management (BPAJAFAE), Housing & Placement Coordination (Assisted Living, Memory Care, SNF) (HSABAIAL), Elder Services & Aging Support (BPAGAEAF)

Keywords

• Affordable housing management
• Senior housing services
• Non-profit property management
• Supportive housing coordination
• Elderly housing communities

Headquarters

HQ city

North Haven

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Marketing or Sales

Revenue model

1. Property Management Fees: EHM generates revenue through management fees charged to property owners (non-profit housing corporations, housing authorities). As a tax-exempt organization itself, proceeds from rental income are utilized to pay cost of operation or reinvested in facilities through improvements and enhanced resident programs.
2. Rental Income Administration: The organization administers rental income from residents, where rents are typically set at 30% of monthly adjusted household income. Government subsidies (HUD, USDA-RD, CHFA) supplement rental revenue to ensure properties remain financially viable.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

New Samaritan Corporation, through its subsidiary Elderly Housing Management, Inc. (EHM), provides full-service property management for non-profit affordable housing serving elderly residents aged 62 and older, non-elderly disabled individuals, and low-income families. Services include financial management and bookkeeping, physical property maintenance through on-site staff, regulatory compliance across HUD, USDA-RD, LIHTC, CHFA, and DECD programs, and resident service coordination that enables aging in place. The portfolio encompasses over 2,600 units across approximately 60 housing communities in Connecticut and Massachusetts.

Product overview

New Samaritan Corporation operates through its affiliated entity Elderly Housing Management, Inc. (EHM), providing comprehensive affordable housing management services across Connecticut and Massachusetts. The portfolio manages over 2,600 units of non-profit housing for elders and families in 60 separate housing community locations. The service offerings include financial management and bookkeeping, physical property management and maintenance, regulatory compliance, and resident service coordination. The company manages a diverse portfolio of housing properties including elderly housing (HUD 202, PRAC, Section 8), congregate housing, supportive housing, and family housing, funded through HUD, USDA Rural Development, CHFA, LIHTC, and state DOH programs. The managed properties range from small 6-unit cottages to large 343-unit communities, serving elderly residents aged 62+, disabled individuals, and low-income families.

Differentiator

Problem solved

Functional benefit

Products and services

• Elderly Housing Management Services Comprehensive property management services for non-profit low and moderate-income elderly housing, including financial management and bookkeeping, physical property maintenance through on-site staff, regulatory compliance with HUD, USDA-RD, LIHTC, CHFA, and DECD requirements, and Agency/Fair Housing compliance. Targeted to non-profit housing corporations, housing authorities, and government entities that own affordable housing properties.
• Resident Services Coordination Advocacy and service coordination for elderly residents, continuously assessing additional service needs, and coordinating programs and outside services to enhance quality of life. Includes a Director of Resident Services and on-site service coordinators. Targeted to elderly and disabled residents of EHM-managed properties.
• New Samaritan Parkville 22-unit affordable apartment community for residents aged 62 and older in Hartford, CT. Three-floor building with apartments starting on the second floor with elevator access. All units feature seamless vinyl flooring and threshold-free showers for accessibility. Targeted to income-qualified elderly residents aged 62+.
• EHM-Managed Affordable Housing Portfolio (60 communities, 2,600+ units) A diverse portfolio of approximately 60 affordable housing communities across Connecticut and Massachusetts, ranging from 6-unit cottages to 343-unit complexes. Includes elderly housing (HUD 202 PRAC, Section 8, USDA-RD Section 515), congregate housing, supportive housing, and family housing. Featured communities include Broad River Homes (49 units, Norwalk), Hill House Senior Residence (37 units, Riverside), Ogden House (84 units, Wilton), Parish Court (100 units, Fairfield), Sullivan-McKinney Elder Housing (40 units, Fairfield), Juniper Hill Village (100 units, Storrs), Davenport-Dunbar (343 units, Hamden), Wolcott Hills (118 units, Wolcott), Glen Ridge (51-unit cooperative, Storrs), Brick Row (30 units, Willimantic), Maples I & II (Worthington, MA), and many others. Targeted to income-qualified elderly residents aged 62+, disabled individuals, and low-income families.

Quantifiable outcome

• Enables residents to age in place safely and successfully through resident service coordination

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Jefferson County Assisted Housing Corporation (JeffCo)minorOthersJeffCo is referenced as a linked resource. It is one of the largest non-profit corporations in the country, owning and operating affordable multi-family housing and serving as a Section 8 Performance-Based Contract Administrator for HUD.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• National Church Residences: Non-profit organization providing affordable senior housing and services across 25+ states. Operates HUD 202/Section 8 senior housing with resident services coordination, directly parallel to EHM's model.
• Volunteers of America National Services: Non-profit affiliate of VOA that develops and manages affordable senior housing and supportive services. Operates HUD 202 properties with resident services, very similar program focus to NSC.
• Preservation of Affordable Housing (POAH): National non-profit that owns and manages affordable housing for low-income families and seniors across multiple states. Directly comparable non-profit model combining development, ownership, and third-party property management of HUD/LIHTC-funded housing.
• Beacon Communities: Non-profit developer and manager of affordable rental housing in the Northeast, operating large multifamily affordable portfolios using LIHTC, HUD, and state financing. Comparable regional concentration and program mix.
• Mercy Housing: Non-profit affordable housing organization operating 50,000+ units across 40 states with a focus on affordable family, senior, and supportive housing using HUD/LIHTC programs. Similar mission-driven non-profit management model.
• The Community Builders: Non-profit affordable housing developer and manager operating in the Northeast and Midwest. Manages 14,000+ units across multiple programs including senior housing, matching NSC's integrated developer/manager approach.

Broad incumbents

• WinnCompanies: Large for-profit multifamily property manager with significant affordable housing portfolio management. While for-profit and broader scope, manages third-party HUD/LIHTC properties in Connecticut and provides a benchmark for property management scale.

Others

• Imagineers Inc. Connecticut-based non-profit affordable housing developer and manager. Smaller scale than NSC but operates in same state with similar HUD/LIHTC program expertise and resident services focus.

Regional players

• Carabetta Management: Connecticut-based property management company managing 1,400+ units including affordable housing. Strong regional competitor in Connecticut property management space with overlapping service territory.

Emerging players

• Catholic Charities of Connecticut: Non-profit social services organization in Connecticut that operates supportive housing programs for seniors, disabled, and at-risk families. Comparable social mission and resident services focus in same geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks3 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ElderlyHousingManagement
• LinkedInlinkedin.com/company/elderly-housing-management-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Samaritan Corporation