Civic Intelligence

Hedco Inc.

990 • Fiscal year 2016 • EIN 06-0919160

Jun 01, 2015 to May 31, 2016 • Filed on Mar 28, 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

72nd percentile

0.53x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

3.71x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

92nd percentile

47%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

20th percentile

$141,855

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

71st percentile

8.3%

Faster asset growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

15%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$32,645,193

Up $2,508,576 (+8.3%) from 2015

Net Assets

Up

$15,192,705

Up $2,195,743 (+17%) from 2015

Liabilities

Up

$17,452,488

Up $312,833 (+1.8%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin92nd percentile

Revenue

Up

$4,708,971

Up $610,605 (+15%) from 2015

Expenses

Down

$2,487,045

Down $77,218 (-3.0%) from 2015

Net Income

Up

$2,221,926

Up $687,823 (+45%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2016

Assets$32,645,193
Liabilities$17,452,488
Net Assets$15,192,705
Open 2016 Filing

Operations Trend

Revenue Growth77th 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

2016

Revenue$4,708,971
Expenses$2,487,045
Net Income$2,221,926
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Mar 28, 2017
Return Version
2015v3.0
Gross Receipts
$4,710,557
Mission and Program Overview

Mission

Providing resources, empowering entrepreneurs, building communities.

To organize and promote further economic growth in the hartford metropolitan area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$21,713,433$23,625,652▲ $1,912,219
Cash and Non-Interest-Bearing Accounts$5,127,003$5,872,455▲ $745,452
Pledges and Grants Receivable$1,625,773$1,615,342▼ $10,431
Savings and Temporary Cash Investments$701,108$700,757▼ $351
Investments in Publicly Traded Securities$465,367$453,314▼ $12,053
Accounts Receivable$246,320$124,469▼ $121,851
Land, Buildings, and Equipment, Net$94,318$69,709▼ $24,609
Prepaid Expenses and Deferred Charges$37,400$57,600▲ $20,200
Total Assets$30,136,617$32,645,193▲ $2,508,576
Other Assets Total$125,895$125,895→ $0
Liabilities
Unsecured Notes Loans Payable$17,013,225$17,236,928▲ $223,703
Accounts Payable and Accrued Expenses$85,569$174,699▲ $89,130
Other Liabilities$40,861$40,861→ $0
Total Liabilities$17,139,655$17,452,488▲ $312,833
Net Assets / Fund Balance
Unrestricted Net Assets$9,282,540$9,387,754▲ $105,214
Temporarily Rstr Net Assets$3,714,422$5,804,951▲ $2,090,529
Total Net Assets Fund Balance$12,996,962$15,192,705▲ $2,195,743
Total Liabilities and Net Assets / Fund Balance$30,136,617$32,645,193▲ $2,508,576

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$69,709$209,691$279,400
Other Land Buildings$0$10,091$10,091
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fernando RosaPresident & CEOFT$124,058$17,797$141,855
Kim HawkinsVice President & Chief Operating OfficerFT$123,099$15,860$138,959

Board Members and Trustees

NameTitle
Barbara 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
Lawrence a McgeeDirector
Marianne StowellDirector
Marilyn Alverio MbaDirector
Michael J CasparinoDirector
Nicholas SeminaraDirector
Paul MccravenDirector
Pauline YoderDirector
Steve CorcoranDirector
Wayne BenjaminDirector
Paul PerakosAssistant Secretary
Julio MendozaAssistant Treasurer
Edward J SamorajczykSecretary
William J CochranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,766,864
Program Service Revenue
$926,420
Investment Income
$15,687
Other Revenue
$0
All Other Contributions
$416,864
Change in Net Assets
$2,221,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,708,971
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-27,769
Total Revenue per Audited Statements
$4,681,202
Total Revenue per Form 990
$4,708,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,529,567
Salaries, Compensation, and Employee Benefits$957,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$422,867$126,311-$549,178
Other Salaries and Wages$329,086$98,298-$427,384
Current Officers, Directors, Trustees, and Key Employees$216,227$64,587-$280,814
Other Employee Benefits$129,370$38,643-$168,013
Occupancy$97,239$29,045-$126,284
Office Expenses$62,712$18,732-$81,444
Fees for Services Other$52,227$15,599-$67,826
Payroll Taxes$38,205$11,412-$49,617
Fees for Services Accounting$32,494$9,706-$42,200
Pension Plan Contributions$24,371$7,279-$31,650
Fees for Services Legal$23,613$7,053-$30,666
Depreciation Depletion$20,433$6,103-$26,536
Interest$15,937$4,760-$20,697
All Other Expenses$13,658$4,080-$17,738
Insurance$9,293$2,776-$12,069
Other Expenses$6,347$1,896-$8,243
Advertising$1,555$465-$2,020
Total Functional Expenses$2,007,857$479,188$0$2,487,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,487,045
Total Expenses per Audited Statements$2,487,045
Total Expenses per Form 990$2,487,045
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
Yes
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 11

“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
2017-03-28
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

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 2015 remain open to inspection by the irs with the 2015 return to be filed in 2016.”

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IRS990/Form990PartVIISectionAGrp/PersonNm14DONALD W CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15NICHOLAS SEMINARA
IRS990/Form990PartVIISectionAGrp/PersonNm16ERIC M BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm17MARK K MCGOVERN
IRS990/Form990PartVIISectionAGrp/PersonNm18ANDREAS KAPETANOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm19MARIANNE STOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm20MARILYN ALVERIO MBA
IRS990/Form990PartVIISectionAGrp/PersonNm21WAYNE BENJAMIN
IRS990/Form990PartVIISectionAGrp/PersonNm22LAWRENCE 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
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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/ReportableCompFromOrgAmt23124058
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24123099
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/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3NOMINATING CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
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 OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-1586
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt03350000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04710557
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02776
IRS990/InsuranceGrp/ProgramServicesAmt09293
IRS990/InsuranceGrp/TotalAmt012069
IRS990/InterestGrp/ManagementAndGeneralAmt04760
IRS990/InterestGrp/ProgramServicesAmt015937
IRS990/InterestGrp/TotalAmt020697
IRS990/InvestmentIncomeGrp/ExclusionAmt017273
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017273
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0465367
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0453314
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0219782
IRS990/LandBldgEquipBasisNetGrp/BOYAmt094318
IRS990/LandBldgEquipBasisNetGrp/EOYAmt069709
IRS990/LandBldgEquipCostOrOtherBssAmt0289491
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01586
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/NetAssetsOrFundBalancesBOYAmt012996962
IRS990/NetAssetsOrFundBalancesEOYAmt015192705
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1586
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1586
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-26183
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt029045
IRS990/OccupancyGrp/ProgramServicesAmt097239
IRS990/OccupancyGrp/TotalAmt0126284
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018732
IRS990/OfficeExpensesGrp/ProgramServicesAmt062712
IRS990/OfficeExpensesGrp/TotalAmt081444
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0125895
IRS990/OtherAssetsTotalGrp/EOYAmt0125895
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0129370
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0168013
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE
IRS990/OtherExpensesGrp/Desc1OTHER NON OPERATING EXP
IRS990/OtherExpensesGrp/Desc2PARKING
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12275
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21896
IRS990/OtherExpensesGrp/ProgramServicesAmt0403612
IRS990/OtherExpensesGrp/ProgramServicesAmt1100996
IRS990/OtherExpensesGrp/ProgramServicesAmt27615
IRS990/OtherExpensesGrp/ProgramServicesAmt36347
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IRS990/OtherExpensesGrp/TotalAmt1131164
IRS990/OtherExpensesGrp/TotalAmt29890
IRS990/OtherExpensesGrp/TotalAmt38243
IRS990/OtherLiabilitiesGrp/BOYAmt040861
IRS990/OtherLiabilitiesGrp/EOYAmt040861
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt098298
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0329086
IRS990/OtherSalariesAndWagesGrp/TotalAmt0427384
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt021713433
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023625652
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011412
IRS990/PayrollTaxesGrp/ProgramServicesAmt038205
IRS990/PayrollTaxesGrp/TotalAmt049617
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07279
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024371
IRS990/PensionPlanContributionsGrp/TotalAmt031650
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01625773
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01615342
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037400
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057600
IRS990/PrincipalOfficerNm0FERNANDO ROSA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0645175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1281245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0645175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1281245
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03109639
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019051
IRS990/PYOtherExpensesAmt01462755
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0969676
IRS990/PYRevenuesLessExpensesAmt01534103
IRS990/PYSalariesCompEmpBnftPaidAmt01101508

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,645,193
Liabilities
$17,452,488
Net assets
$15,192,705
Revenue
$4,708,971
Expenses
$2,487,045
Net income
$2,221,926
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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $25M-$50M nonprofits