Civic Intelligence

Hedco Inc.

990 • Fiscal year 2018 • EIN 06-0919160

Jun 01, 2017 to May 31, 2018 • Filed on Sep 20, 2018

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

68th percentile

0.46x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

4.97x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

30th percentile

$179,186

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

42nd percentile

0.8%

Faster asset growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-49%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$34,886,548

Up $259,954 (+0.8%) from 2017

Net Assets

Up

$18,686,129

Up $1,021,138 (+5.8%) from 2017

Liabilities

Down

$16,200,419

Down $761,184 (-4.5%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin83rd percentile

Revenue

Down

$3,261,087

Down $3,168,791 (-49%) from 2017

Expenses

Down

$2,305,188

Down $735,636 (-24%) from 2017

Net Income

Down

$955,899

Down $2,433,155 (-72%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2018

Assets$34,886,548
Liabilities$16,200,419
Net Assets$18,686,129
Open 2018 Filing

Operations Trend

Revenue Growth4th 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

2018

Revenue$3,261,087
Expenses$2,305,188
Net Income$955,899
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Sep 20, 2018
Return Version
2017v2.3
Gross Receipts
$3,278,665
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$23,353,478$23,608,443▲ $254,965
Cash and Non-Interest-Bearing Accounts$8,949,584$7,563,284▼ $1,386,300
Pledges and Grants Receivable$767,724$2,782,287▲ $2,014,563
Investments in Publicly Traded Securities$519,581$609,869▲ $90,288
Savings and Temporary Cash Investments$601,014$0▼ $601,014
Prepaid Expenses and Deferred Charges$127,600$195,600▲ $68,000
Land, Buildings, and Equipment, Net$60,501$33,064▼ $27,437
Accounts Receivable$121,217$14,001▼ $107,216
Total Assets$34,626,594$34,886,548▲ $259,954
Other Assets Total$125,895$80,000▼ $45,895
Liabilities
Unsecured Notes Loans Payable$16,773,552$15,948,858▼ $824,694
Accounts Payable and Accrued Expenses$147,190$210,700▲ $63,510
Other Liabilities$40,861$40,861→ $0
Total Liabilities$16,961,603$16,200,419▼ $761,184
Net Assets / Fund Balance
Unrestricted Net Assets$9,625,363$11,963,619▲ $2,338,256
Temporarily Rstr Net Assets$8,039,628$6,722,510▼ $1,317,118
Total Net Assets Fund Balance$17,664,991$18,686,129▲ $1,021,138
Total Liabilities and Net Assets / Fund Balance$34,626,594$34,886,548▲ $259,954

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,064$267,113$300,177
Other Land Buildings$0$10,091$10,091
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fernando RosaPresident & CEOFT$150,405$28,781$179,186
Kim HawkinsVice President & COOFT$146,565$28,123$174,688

Board Members and Trustees

NameTitle
Barbard RandolphChairperson
Alan LazowskiDirector
Andreas KapetanopoulosDirector
Donald W ChapmanDirector
Eric M BauerDirector
George SwepsonDirector
Jeff HubbardDirector
Marianne StowellDirector
Michael J CasparinoDirector
Michele M FreyDirector
Nicholas SeminaraDirector
Pauline YoderDirector
Sheila S HummelDirector
Wayne BenjaminDirector
Paul PerakosAsst. Secretary
Julio MendozaAsst. Treasurer
Edward J SamorajczykSecretary
William J CochranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,507,003
Program Service Revenue
$707,139
Investment Income
$46,945
Other Revenue
$0
All Other Contributions
$210,503
Change in Net Assets
$955,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,261,087
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$65,239
Total Revenue per Audited Statements
$3,326,326
Total Revenue per Form 990
$3,261,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,229,524
Salaries, Compensation, and Employee Benefits$1,075,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$397,224$118,651-$515,875
Current Officers, Directors, Trustees, and Key Employees$240,987$71,983-$312,970
Other Employee Benefits$122,515$36,595-$159,110
Occupancy$96,934$28,954-$125,888
Office Expenses$57,949$17,309-$75,258
Fees for Services Other$53,732$16,051-$69,783
Payroll Taxes$45,150$13,486-$58,636
All Other Expenses$40,567$12,118-$52,685
Fees for Services Accounting$31,493$9,407-$40,900
Fees for Services Legal$23,668$7,070-$30,738
Pension Plan Contributions$22,386$6,687-$29,073
Depreciation Depletion$21,126$6,311-$27,437
Interest$16,093$4,807-$20,900
Other Expenses$15,862$4,738-$20,600
Insurance$11,072$3,307-$14,379
Advertising$1,205$360-$1,565
Total Functional Expenses$1,888,383$416,805$0$2,305,188

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,305,188
Total Expenses per Audited Statements$2,305,188
Total Expenses per Form 990$2,305,188
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
2018-09-20
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
11
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Auditors present to management and board of directors.”

Raw XML AppendixShowing 400 of 591 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0147190
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0210700
IRS990/AccountsReceivableGrp/BOYAmt0121217
IRS990/AccountsReceivableGrp/EOYAmt014001
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ORGANIZE AND PROMOTE FURTHER ECONOMIC GROWTH.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0360
IRS990/AdvertisingGrp/ProgramServicesAmt01205
IRS990/AdvertisingGrp/TotalAmt01565
IRS990/AllOtherContributionsAmt0210503
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt012118
IRS990/AllOtherExpensesGrp/ProgramServicesAmt040567
IRS990/AllOtherExpensesGrp/TotalAmt052685
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FERNANDO ROSA
IRS990/BooksInCareOfDetail/PhoneNum08605271301
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt015 LEWIS STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0HARTFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006103
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt08949584
IRS990/CashNonInterestBearingGrp/EOYAmt07563284
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt071983
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0240987
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0312970
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02507003
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt046945
IRS990/CYOtherExpensesAmt01229524
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0707139
IRS990/CYRevenuesLessExpensesAmt0955899
IRS990/CYSalariesCompEmpBnftPaidAmt01075664
IRS990/CYTotalExpensesAmt02305188
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03261087
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt06311
IRS990/DepreciationDepletionGrp/ProgramServicesAmt021126
IRS990/DepreciationDepletionGrp/TotalAmt027437
IRS990/Desc0LOAN PROGRAMS PROVIDE SMALL BUSINESS CLIENTELE WITH ACCESS TO CAPITAL NEEDS THAT WOULD BE OTHERWISE UN-MET OR UNDER-SERVED. THESE LOAN PROGRAMS ALSO PROVIDE HOPE AND OPPORTUNITY FOR PEOPLE TO REALIZE THEIR DREAM BUSINESS, CREATE FINANCIAL FREEDOM AND CONTRIBUTE TO THEIR COMMUNITIES THROUGH JOB CREATIONS AND NEEDED SERVICES. IN ADDITION TO SMALL BUSINESSES, NON-PROFITS ARE ALSO BEING ASSISTED THROUGH THESE PROGRAMS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01888383
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09407
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt031493
IRS990/FeesForServicesAccountingGrp/TotalAmt040900
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt07070
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt023668
IRS990/FeesForServicesLegalGrp/TotalAmt030738
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt016051
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt053732
IRS990/FeesForServicesOtherGrp/TotalAmt069783
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1820781
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1920123
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL J CASPARINO
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM J COCHRAN
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL PERAKOS
IRS990/Form990PartVIISectionAGrp/PersonNm3JULIO MENDOZA
IRS990/Form990PartVIISectionAGrp/PersonNm4ALAN LAZOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFF HUBBARD
IRS990/Form990PartVIISectionAGrp/PersonNm6BARBARD RANDOLPH
IRS990/Form990PartVIISectionAGrp/PersonNm7EDWARD J SAMORAJCZYK
IRS990/Form990PartVIISectionAGrp/PersonNm8DONALD W CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9NICHOLAS SEMINARA
IRS990/Form990PartVIISectionAGrp/PersonNm10GEORGE SWEPSON
IRS990/Form990PartVIISectionAGrp/PersonNm11ERIC M BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm12PAULINE YODER
IRS990/Form990PartVIISectionAGrp/PersonNm13MARIANNE STOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm14ANDREAS KAPETANOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm15WAYNE BENJAMIN
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHELE M FREY
IRS990/Form990PartVIISectionAGrp/PersonNm17SHEILA S HUMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm18FERNANDO ROSA
IRS990/Form990PartVIISectionAGrp/PersonNm19KIM 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/ReportableCompFromOrgAmt18158405
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19154565
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASST. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST. TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDENT & COO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt017578
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt02296500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt035156
IRS990/GrossReceiptsAmt03278665
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03307
IRS990/InsuranceGrp/ProgramServicesAmt011072
IRS990/InsuranceGrp/TotalAmt014379
IRS990/InterestGrp/ManagementAndGeneralAmt04807
IRS990/InterestGrp/ProgramServicesAmt016093
IRS990/InterestGrp/TotalAmt020900
IRS990/InvestmentIncomeGrp/ExclusionAmt029367
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029367
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0519581
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0609869
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0277204
IRS990/LandBldgEquipBasisNetGrp/BOYAmt060501
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033064
IRS990/LandBldgEquipCostOrOtherBssAmt0310268
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt017578
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/NetAssetsOrFundBalancesBOYAmt017664991
IRS990/NetAssetsOrFundBalancesEOYAmt018686129
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt017578
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt017578
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt065239
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt028954
IRS990/OccupancyGrp/ProgramServicesAmt096934
IRS990/OccupancyGrp/TotalAmt0125888
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017309
IRS990/OfficeExpensesGrp/ProgramServicesAmt057949
IRS990/OfficeExpensesGrp/TotalAmt075258
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0125895
IRS990/OtherAssetsTotalGrp/EOYAmt080000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036595
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0122515
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0159110
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE
IRS990/OtherExpensesGrp/Desc1TRAINING
IRS990/OtherExpensesGrp/Desc2LOSS ON IMPAIRMENT
IRS990/OtherExpensesGrp/Desc3UIL EXPENSE PROGRAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048415
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110556
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24738
IRS990/OtherExpensesGrp/ProgramServicesAmt0492995
IRS990/OtherExpensesGrp/ProgramServicesAmt1162086
IRS990/OtherExpensesGrp/ProgramServicesAmt235339
IRS990/OtherExpensesGrp/ProgramServicesAmt315862
IRS990/OtherExpensesGrp/TotalAmt0492995
IRS990/OtherExpensesGrp/TotalAmt1210501
IRS990/OtherExpensesGrp/TotalAmt245895
IRS990/OtherExpensesGrp/TotalAmt320600
IRS990/OtherLiabilitiesGrp/BOYAmt040861
IRS990/OtherLiabilitiesGrp/EOYAmt040861
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0118651
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0397224
IRS990/OtherSalariesAndWagesGrp/TotalAmt0515875
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt023353478
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023608443
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013486
IRS990/PayrollTaxesGrp/ProgramServicesAmt045150
IRS990/PayrollTaxesGrp/TotalAmt058636
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06687
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022386
IRS990/PensionPlanContributionsGrp/TotalAmt029073
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0767724
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02782287
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0127600
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0195600
IRS990/PrincipalOfficerNm0FERNANDO ROSA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0550453
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1156686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0550453
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1156686
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05672478
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018619
IRS990/PYOtherExpensesAmt02089683
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0738781
IRS990/PYRevenuesLessExpensesAmt03389054
IRS990/PYSalariesCompEmpBnftPaidAmt0951141
IRS990/PYTotalExpensesAmt03040824
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06429878
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0955899
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0724717
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0601014
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02507003
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05672478
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03766864
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03109639
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01193088
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt016249072
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt046945
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt018619
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015687
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt018247
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0118549
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0724717
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0741855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0926420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0969676
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0960559
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04323227
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt046945
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt018619
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015687

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,886,548
Liabilities
$16,200,419
Net assets
$18,686,129
Revenue
$3,261,087
Expenses
$2,305,188
Net income
$955,899
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