Civic Intelligence

Hedco Inc.

990 • Fiscal year 2017 • EIN 06-0919160

Jun 01, 2016 to May 31, 2017 • Filed on Oct 12, 2017

Organization ProfileHEDCOINC.COM

View Organization Page

15 Lewis StreetHartford, CT 06103

(860) 527-1301

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.49x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

2.64x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

55th percentile

6.1%

Faster asset growth than 55% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

37%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$34,626,594

Up $1,981,401 (+6.1%) from 2016

Net Assets

Up

$17,664,991

Up $2,472,286 (+16%) from 2016

Liabilities

Down

$16,961,603

Down $490,885 (-2.8%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin92nd percentile

Revenue

Up

$6,429,878

Up $1,720,907 (+37%) from 2016

Expenses

Up

$3,040,824

Up $553,779 (+22%) from 2016

Net Income

Up

$3,389,054

Up $1,167,128 (+53%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2012: $24,767,671Liabilities 2012: $14,734,440Net Assets 2012: $10,033,2312012Assets 2013: $28,606,269Liabilities 2013: $17,357,835Net Assets 2013: $11,248,4342013Assets 2014: $28,492,411Liabilities 2014: $17,033,895Net Assets 2014: $11,458,5162014Assets 2015: $30,136,617Liabilities 2015: $17,139,655Net Assets 2015: $12,996,9622015Assets 2016: $32,645,193Liabilities 2016: $17,452,488Net Assets 2016: $15,192,7052016Assets 2017: $34,626,594Liabilities 2017: $16,961,603Net Assets 2017: $17,664,9912017Assets 2018: $34,886,548Liabilities 2018: $16,200,419Net Assets 2018: $18,686,1292018Assets 2019: $35,809,632Liabilities 2019: $15,522,788Net Assets 2019: $20,286,8442019Assets 2020: $40,245,972Liabilities 2020: $20,695,062Net Assets 2020: $19,550,9102020Assets 2021: $31,567,085Liabilities 2021: $10,405,146Net Assets 2021: $21,161,9392021Assets 2022: $31,561,156Liabilities 2022: $10,938,723Net Assets 2022: $20,622,4332022Assets 2023: $35,604,811Liabilities 2023: $15,186,137Net Assets 2023: $20,418,6742023Assets 2024: $34,515,828Liabilities 2024: $14,925,470Net Assets 2024: $19,590,3582024Assets 2025: $35,798,063Liabilities 2025: $16,873,589Net Assets 2025: $18,924,4742025

Highlighted filing

2017

Assets$34,626,594
Liabilities$16,961,603
Net Assets$17,664,991
Open 2017 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $2,132,356Expenses 2012: $1,901,728Net Income 2012: $230,6282012Revenue 2013: $3,579,159Expenses 2013: $2,404,491Net Income 2013: $1,174,6682013Revenue 2014: $2,171,894Expenses 2014: $1,998,518Net Income 2014: $173,3762014Revenue 2015: $4,098,366Expenses 2015: $2,564,263Net Income 2015: $1,534,1032015Revenue 2016: $4,708,971Expenses 2016: $2,487,045Net Income 2016: $2,221,9262016Revenue 2017: $6,429,878Expenses 2017: $3,040,824Net Income 2017: $3,389,0542017Revenue 2018: $3,261,087Expenses 2018: $2,305,188Net Income 2018: $955,8992018Revenue 2019: $3,999,361Expenses 2019: $2,363,667Net Income 2019: $1,635,6942019Revenue 2020: $2,358,931Expenses 2020: $2,614,758Net Income 2020: -$255,8272020Revenue 2021: $7,622,732Expenses 2021: $6,160,200Net Income 2021: $1,462,5322021Revenue 2022: $3,183,026Expenses 2022: $3,590,996Net Income 2022: -$407,9702022Revenue 2023: $4,502,536Expenses 2023: $3,152,945Net Income 2023: $1,349,5912023Revenue 2024: $4,889,239Expenses 2024: $5,695,740Net Income 2024: -$806,5012024Revenue 2025: $4,015,725Expenses 2025: $4,826,298Net Income 2025: -$810,5732025

Highlighted filing

2017

Revenue$6,429,878
Expenses$3,040,824
Net Income$3,389,054
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 12, 2017
Return Version
2016v3.0
Gross Receipts
$6,432,952
Mission and Program Overview

Mission

Providing resources, empowering entrepreneurs, building communities.

To organize and promote further economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$23,625,652$23,353,478▼ $272,174
Cash and Non-Interest-Bearing Accounts$5,872,455$8,949,584▲ $3,077,129
Pledges and Grants Receivable$1,615,342$767,724▼ $847,618
Savings and Temporary Cash Investments$700,757$601,014▼ $99,743
Investments in Publicly Traded Securities$453,314$519,581▲ $66,267
Prepaid Expenses and Deferred Charges$57,600$127,600▲ $70,000
Accounts Receivable$124,469$121,217▼ $3,252
Land, Buildings, and Equipment, Net$69,709$60,501▼ $9,208
Total Assets$32,645,193$34,626,594▲ $1,981,401
Other Assets Total$125,895$125,895→ $0
Liabilities
Unsecured Notes Loans Payable$17,236,928$16,773,552▼ $463,376
Accounts Payable and Accrued Expenses$174,699$147,190▼ $27,509
Other Liabilities$40,861$40,861→ $0
Total Liabilities$17,452,488$16,961,603▼ $490,885
Net Assets / Fund Balance
Unrestricted Net Assets$9,387,754$9,625,363▲ $237,609
Temporarily Rstr Net Assets$5,804,951$8,039,628▲ $2,234,677
Total Net Assets Fund Balance$15,192,705$17,664,991▲ $2,472,286
Total Liabilities and Net Assets / Fund Balance$32,645,193$34,626,594▲ $1,981,401

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,501$239,676$300,177
Other Land Buildings$0$10,091$10,091
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fernando RosaPresident & CEOFT$148,296$39,022$187,318
Kim HawkinsVice President & Chief OpeFT$142,558$33,872$176,430

Board Members and Trustees

NameTitle
Barbard RandolphChairperson
Donna NappierNominating Chair
Mark K McgovernVice Chair
Alan LazowskiDirector
Andreas KapetanopoulosDirector
Donald W ChapmanDirector
Eric M BauerDirector
George SwepsonDirector
Jeff HubbardDirector
John E RobinsonDirector
Lawrenzo a McgeeDirector
Marianne StowellDirector
Marilyn AlverioDirector
Michael J CasparinoDirector
Nicholas SeminaraDirector
Pauline YoderDirector
Wayne BenjaminDirector
Paul PerakosAsst. Secretary
Julio MendozaAsst. Treasurer
Edward J SamorajczykSecretary
Paul MccravenTreasurer
Steve CorcoranTreasurer
William J CochranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,672,478
Program Service Revenue
$738,781
Investment Income
$18,619
Other Revenue
$0
All Other Contributions
$321,478
Change in Net Assets
$3,389,054

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,429,878
Revenue Not Reported on Financial Statements
$1,000,000
Revenue Not Reported on Form 990
$86,306
Other Revenue Adjustments
$1,000,000
Total Revenue per Audited Statements
$5,516,184
Total Revenue per Form 990
$6,429,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,089,683
Salaries, Compensation, and Employee Benefits$951,141
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$306,801$91,642-$398,443
Current Officers, Directors, Trustees, and Key Employees$254,599$76,049-$330,648
Occupancy$111,712$33,368-$145,080
Other Employee Benefits$107,783$32,218-$140,001
Office Expenses$60,714$18,135-$78,849
Fees for Services Other$48,315$14,460-$62,775
Interest$47,351$14,144-$61,495
Payroll Taxes$38,205$11,412-$49,617
All Other Expenses$36,915$10,973-$47,888
Fees for Services Accounting$31,813$9,503-$41,316
Pension Plan Contributions$24,973$7,459-$32,432
Fees for Services Legal$24,291$7,256-$31,547
Depreciation Depletion$23,088$6,897-$29,985
Insurance$17,962$5,365-$23,327
Other Expenses$6,586$1,967-$8,553
Advertising$3,755$1,122-$4,877
Total Functional Expenses$2,526,276$514,548$0$3,040,824

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,040,824
Total Expenses per Audited Statements$3,040,824
Total Expenses per Form 990$3,040,824
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$40,861
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Management and the board of directors review the form 990 for completeness before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Upon election and to be updated annually. All directors or officers of the corporation must disclose any potential conflict between his or her own individual interest, those of an immediate family member, or those of a related party and the interest of the corporation, full disclosure of all facts pertaining to such potential conflict shall be made to the board of directors. Fact-gathering and subsequent review by the board of directors will determine whether or not an actual conflict exists or would occur.”

Form 990, Part VI, Section B, Line 15

“Performance reviews and salary adjustment recommendations are prepared by the vice president/coo for the staff of the organization. These reviews and recommended compensation are presented to the president/ceo. The president/ceo prepares a review for the vice president/coo for her compensation. The recommendations are forwarded to the hedco board of directors' chairman for approval. The chairman and the executive committee review, approve or amend and forward authorizations to implement the changes inclusive of any bonus adjustments. Appraisal of the president/ceo and any agreed upon compensation adjustments are approved by the executive committee.”

Form 990, Part VI, Section C, Line 19

“The organization makes it's governing documents, conflicts of interest policy and financial statements available to the public by request in the form of hard copies kept at the office.”

Filing and Contact Details

Filer

Filer Name
Hedco Inc
EIN
06-0919160
Phone
8605271301
Address
15 LEWIS STREET, HARTFORD, CT 06103

Signing Officer

Name
Fernando Rosa
Title
President & CEO
Phone
8605271301
Signed
2017-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fernando Rosa
Formed
1975
Legal Domicile
Ct
Voting Board Members
23
Independent Board Members
23
Employees
12
Volunteers
0

Preparer

Firm
Whittlesey & Hadley Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Edward S Jason
Phone
8605223111
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Grant reversion -1,000,000.”

Part XII. Line 2C

“Auditors present to management and board of directors.”

Part XI, Line 4B

“City of hartford has decided it will not payout a one million dollar grant, previously promised.”

Financial Statement Notes

PART X, LINE 2:

“Uncertain tax positions are initially recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by tax authorities. As of may 31, 2016, hedco has no tax positions that qualify for either recognition or disclosure in the financial statements and believes that it has appropriate support for income tax positions taken in its tax returns. Currently, hedco's federal informational returns for fiscal years 2013 to 2016 remain open to inspection by the irs with the 2016 return to be filed in 2017.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Grant reversion 1,000,000.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm14GEORGE SWEPSON
IRS990/Form990PartVIISectionAGrp/PersonNm15ERIC M BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm16PAULINE YODER
IRS990/Form990PartVIISectionAGrp/PersonNm17MARK K MCGOVERN
IRS990/Form990PartVIISectionAGrp/PersonNm18MARIANNE STOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm19ANDREAS KAPETANOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm20WAYNE BENJAMIN
IRS990/Form990PartVIISectionAGrp/PersonNm21MARILYN ALVERIO
IRS990/Form990PartVIISectionAGrp/PersonNm22LAWRENZO A MCGEE
IRS990/Form990PartVIISectionAGrp/PersonNm23FERNANDO ROSA
IRS990/Form990PartVIISectionAGrp/PersonNm24KIM HAWKINS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23166296
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24157658
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3NOMINATING CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST. TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE PRESIDENT & CHIEF OPE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt03074
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt05351000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06148
IRS990/GrossReceiptsAmt06432952
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05365
IRS990/InsuranceGrp/ProgramServicesAmt017962
IRS990/InsuranceGrp/TotalAmt023327
IRS990/InterestGrp/ManagementAndGeneralAmt014144
IRS990/InterestGrp/ProgramServicesAmt047351
IRS990/InterestGrp/TotalAmt061495
IRS990/InvestmentIncomeGrp/ExclusionAmt015545
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015545
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0453314
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0519581
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0249767
IRS990/LandBldgEquipBasisNetGrp/BOYAmt069709
IRS990/LandBldgEquipBasisNetGrp/EOYAmt060501
IRS990/LandBldgEquipCostOrOtherBssAmt0310268
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03074
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE AND FURTHER THE ECONOMIC DEVELOPMENT OF SMALL BUSINESSES AND ORGANIZATIONS THROUGHOUT THE REGIIONS OF THE STATE OF CONNECTICUT AND TO ENGAGE AND ASSIST IN THE ESTABLISHMENT, GROWTH, AND DEVELOPMENT OF SMALL BUSINESSES WITHIN THE CITY OF HARTFORD, CONNECTICUT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt015192705
IRS990/NetAssetsOrFundBalancesEOYAmt017664991
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt03074
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03074
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt083232
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt033368
IRS990/OccupancyGrp/ProgramServicesAmt0111712
IRS990/OccupancyGrp/TotalAmt0145080
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018135
IRS990/OfficeExpensesGrp/ProgramServicesAmt060714
IRS990/OfficeExpensesGrp/TotalAmt078849
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0125895
IRS990/OtherAssetsTotalGrp/EOYAmt0125895
IRS990/OtherChangesInNetAssetsAmt0-1000000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032218
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0107783
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0140001
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2UIL EXPENSE PROGRAM
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0140507
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt132071
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21967
IRS990/OtherExpensesGrp/ProgramServicesAmt0803653
IRS990/OtherExpensesGrp/ProgramServicesAmt1470393
IRS990/OtherExpensesGrp/ProgramServicesAmt2107367
IRS990/OtherExpensesGrp/ProgramServicesAmt36586
IRS990/OtherExpensesGrp/TotalAmt0803653
IRS990/OtherExpensesGrp/TotalAmt1610900
IRS990/OtherExpensesGrp/TotalAmt2139438
IRS990/OtherExpensesGrp/TotalAmt38553
IRS990/OtherLiabilitiesGrp/BOYAmt040861
IRS990/OtherLiabilitiesGrp/EOYAmt040861
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt091642
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0306801
IRS990/OtherSalariesAndWagesGrp/TotalAmt0398443
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt023625652
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023353478
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011412
IRS990/PayrollTaxesGrp/ProgramServicesAmt038205
IRS990/PayrollTaxesGrp/TotalAmt049617
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07459
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024973
IRS990/PensionPlanContributionsGrp/TotalAmt032432
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01615342
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0767724
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057600
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0127600
IRS990/PrincipalOfficerNm0FERNANDO ROSA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0551206
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1187575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0551206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1187575
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03766864
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015687
IRS990/PYOtherExpensesAmt01529567
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0926420
IRS990/PYRevenuesLessExpensesAmt02221926

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,626,594
Liabilities
$16,961,603
Net assets
$17,664,991
Revenue
$6,429,878
Expenses
$3,040,824
Net income
$3,389,054
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$35.8$16.9$18.9$4.02$4.83$0.81
2024Detailed filing. Detailed filing data is available for this year.$34.5$14.9$19.6$4.89$5.70$0.81
2023Detailed filing. Detailed filing data is available for this year.$35.6$15.2$20.4$4.50$3.15$1.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$10.9$20.6$3.18$3.59$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.6$10.4$21.2$7.62$6.16$1.46
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.2$20.7$19.6$2.36$2.61$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.8$15.5$20.3$4.00$2.36$1.64
2018Detailed filing. Detailed filing data is available for this year.$34.9$16.2$18.7$3.26$2.31$0.96
2017Detailed filing. Detailed filing data is available for this year.$34.6$17.0$17.7$6.43$3.04$3.39
2016Detailed filing. Detailed filing data is available for this year.$32.6$17.5$15.2$4.71$2.49$2.22
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$30.1$17.1$13.0$4.10$2.56$1.53
2014Detailed filing. Detailed filing data is available for this year.$28.5$17.0$11.5$2.17$2.00$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$17.4$11.2$3.58$2.40$1.17
2012Summary only. Only limited summary data is available for this year.$24.8$14.7$10.0$2.13$1.90$0.23