Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
53rd percentile
Higher top officer pay than 53% of similar nonprofits.
Top officer pay equals 5.6% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Assets
Down$34,515,828
Down $1,088,983 (-3.1%) from 2023
Net Assets
Down$19,590,358
Down $828,316 (-4.1%) from 2023
Liabilities
Down$14,925,470
Down $260,667 (-1.7%) from 2023
Revenue
Up$4,889,239
Up $386,703 (+8.6%) from 2023
Expenses
Up$5,695,740
Up $2,542,795 (+81%) from 2023
Net Income
Down-$806,501
Down $2,156,092 (-160%) from 2023
Providing resources, empowering entrepreneurs, building communities.
To organize and promote further economic growth.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $15,085,001 | $14,030,529 | ▼ $1,054,472 |
| Other Notes and Loans Receivable, Net | $16,549,557 | $13,586,921 | ▼ $2,962,636 |
| Investments in Publicly Traded Securities | $1,770,500 | $5,572,689 | ▲ $3,802,189 |
| Pledges and Grants Receivable | $1,148,657 | $509,366 | ▼ $639,291 |
| Accounts Receivable | $284,214 | $258,651 | ▼ $25,563 |
| Land, Buildings, and Equipment, Net | $50,470 | $23,760 | ▼ $26,710 |
| Total Assets | $35,604,811 | $34,515,828 | ▼ $1,088,983 |
| Other Assets Total | $716,412 | $533,912 | ▼ $182,500 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $8,266,762 | $7,954,388 | ▼ $312,374 |
| Deferred Revenue | $5,985,750 | $4,284,510 | ▼ $1,701,240 |
| Escrow Account Liability | - | $1,714,547 | - |
| Other Liabilities | $733,497 | $710,329 | ▼ $23,168 |
| Accounts Payable and Accrued Expenses | $200,128 | $261,696 | ▲ $61,568 |
| Total Liabilities | $15,186,137 | $14,925,470 | ▼ $260,667 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $18,292,712 | $18,900,159 | ▲ $607,447 |
| Net Assets With Donor Restrictions | $2,125,962 | $690,199 | ▼ $1,435,763 |
| Total Net Assets Fund Balance | $20,418,674 | $19,590,358 | ▼ $828,316 |
| Total Liabilities and Net Assets / Fund Balance | $35,604,811 | $34,515,828 | ▼ $1,088,983 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $20,570 | $164,437 | $185,007 |
| Other Land Buildings | $3,190 | $3,677 | $6,867 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kim Hawkins | President & CEO | FT | $197,493 | $76,329 | $273,822 |
| Patricia Geronimo | Chief Financial Officer | FT | $123,362 | $40,639 | $164,001 |
| Name | Title |
|---|---|
| Julio Mendoza | Chair, Nominating Committe |
| Barbara Randolph | Chairperson |
| Eric M Bauer | Vice Chair |
| Alan Lazowski | Director |
| Ana Alfaro | Director |
| Andreas Kapetanopoulos | Director |
| Dante Fazzina | Director |
| David Cabezas | Director |
| Jeff Hubbard | Director |
| Michael Casparino | Director |
| Pauline Yoder | Director |
| Robert J Kreuzer | Director |
| Sheila S Hummel | Director |
| Yvonne Zhao | Director |
| Paul Perakos | Asst. Secretary |
| Wayne Benjamin | Asst. Treasurer |
| Edward J Samorajczyk | Secretary |
| Marianne Stowell | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $2,549,824 |
| Other Expenses | $2,022,640 |
| Salaries, Compensation, and Employee Benefits | $1,123,276 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $1,620,357 | - | - | $1,620,357 |
| Grants to Domestic Orgs | $929,467 | - | - | $929,467 |
| Current Officers, Directors, Trustees, and Key Employees | $357,774 | $122,121 | - | $479,895 |
| Other Salaries and Wages | $326,110 | $111,313 | - | $437,423 |
| Fees for Services Other | $257,832 | $151,425 | - | $409,257 |
| Occupancy | $147,881 | $94,547 | - | $242,428 |
| Other Employee Benefits | $79,560 | $27,157 | - | $106,717 |
| Fees for Services Accounting | $54,838 | $32,207 | - | $87,045 |
| Information Technology | $48,770 | $31,180 | - | $79,950 |
| Payroll Taxes | $48,681 | $16,617 | - | $65,298 |
| Office Expenses | $33,140 | $23,594 | - | $56,734 |
| Fees for Services Legal | $29,413 | $17,275 | - | $46,688 |
| Interest | $15,738 | $22,647 | - | $38,385 |
| Pension Plan Contributions | $25,305 | $8,638 | - | $33,943 |
| Depreciation Depletion | $10,951 | $15,759 | - | $26,710 |
| Advertising | $8,870 | $12,763 | - | $21,633 |
| Insurance | $7,664 | $11,029 | - | $18,693 |
| Other Expenses | $615 | $885 | - | $1,500 |
| Total Functional Expenses | $4,984,707 | $711,033 | $0 | $5,695,740 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $5,695,740 |
| Total Expenses per Audited Statements | $5,695,740 |
| Total Expenses per Form 990 | $5,695,740 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Spanish American Merchants Association | Hartford, CT | 501(c)(3) | Partner Disbursement Related to Decd Minority Small Business Program | $929,467 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Operating Lease Liability | $550,997 |
| Allowance for Credit Losses - Unfunded Commitments | $159,332 |
“Management and the board of directors review the form 990 for completeness before it is filed.”
“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.”
“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.”
“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.”
“Cumulative effect of change in accounting principal (asu 2016-13) -229,616.”
“The process did not change from prior year.”
“During the year ended may 31, 2024, hedco entered into an agreement with the state of connecticut department of energy and environmental protection ("deep") whereby hedco serves as a fiscal agent on behalf of the other party. Since hedco is acting as an intermediary, no income or expense related to these transactions is recorded to the statement of activities. For the year ended may 31, 2024, hedco served as intermediary for grants of $2,855,957. Amounts received in advance for agency transactions are recorded as a liability and cash held is reported as restricted cash on the statements of financial position. In exchange for services provided under this contract, hedco received $87,274 in service fee revenue for the year ended may 31, 2024.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 200128 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 261696 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 284214 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 258651 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO ORGANIZE AND PROMOTE FURTHER ECONOMIC GROWTH. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 12763 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 8870 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 21633 |
| IRS990/AllOtherContributionsAmt | 0 | 85035 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KIM HAWKINS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8605271301 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 207 MAIN STREET 4TH FLOOR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HARTFORD |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 06106 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 15085001 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 14030529 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 122121 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 357774 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 479895 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 3688042 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 2549824 |
| IRS990/CYInvestmentIncomeAmt | 0 | 239485 |
| IRS990/CYOtherExpensesAmt | 0 | 2022640 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 961712 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -806501 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1123276 |
| IRS990/CYTotalExpensesAmt | 0 | 5695740 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4889239 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 5985750 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 4284510 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 15759 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 10951 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 26710 |
| IRS990/Desc | 0 | LOAN 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/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2125962 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 690199 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 14 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 1714547 |
| IRS990/ExpenseAmt | 0 | 4984707 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 32207 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 54838 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 87045 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 17275 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 29413 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 46688 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 151425 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 257832 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 409257 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 15 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 16 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 17 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 18 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 31329 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 28639 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KIM HAWKINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BARBARA RANDOLPH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ERIC M BAUER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARIANNE STOWELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | EDWARD J SAMORAJCZYK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | PAUL PERAKOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | WAYNE BENJAMIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JULIO MENDOZA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ANA ALFARO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DANTE FAZZINA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | MICHAEL CASPARINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JEFF HUBBARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | SHEILA S HUMMEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | ANDREAS KAPETANOPOULOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | ALAN LAZOWSKI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | PAULINE YODER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | DAVID CABEZAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | ROBERT J KREUZER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | YVONNE ZHAO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | PATRICIA GERONIMO |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 242493 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 135362 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRPERSON |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | ASST. SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | ASST. TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | CHAIR, NOMINATING COMMITTE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | CHIEF FINANCIAL OFFICER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1975 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 19 |
| IRS990/GovernmentGrantsAmt | 0 | 3603007 |
| IRS990/GrantAmt | 0 | 2549824 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 1620357 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 1620357 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 929467 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 929467 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 4889239 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 18 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 31180 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 48770 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 79950 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 11029 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 7664 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 18693 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 22647 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 15738 |
| IRS990/InterestGrp/TotalAmt | 0 | 38385 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 239485 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 239485 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 1770500 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 5572689 |
| IRS990/IRPDocumentCnt | 0 | 5 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 168114 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 50470 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 23760 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 191874 |
| IRS990/LegalDomicileStateCd | 0 | CT |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROMOTE AND FURTHER THE ECONOMIC DEVELOPMENT OF SMALL BUSINESSES AND ORGANIZATIONS THROUGHOUT THE REGIONS 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/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 20418674 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 19590358 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 207801 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 18292712 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 18900159 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 94547 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 147881 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 242428 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 23594 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 33140 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 56734 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 716412 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 533912 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -229616 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 27157 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 79560 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 106717 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR CREDIT LO |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 2 | CHARITABLE CONTRIBUTION |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 11876 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 885 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 973489 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 8252 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 615 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 973489 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 20128 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1500 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 733497 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 710329 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 111313 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 326110 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 437423 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 16549557 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 13586921 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 16617 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 48681 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 65298 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 8638 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 25305 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 33943 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1148657 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 509366 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | KIM B HAWKINS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525990 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 518308 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 443404 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 518308 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 443404 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 3080385 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 507995 |
| IRS990/PYInvestmentIncomeAmt | 0 | 51066 |
| IRS990/PYOtherExpensesAmt | 0 | 1313651 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1371085 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1349591 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1331299 |
| IRS990/PYTotalExpensesAmt | 0 | 3152945 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 4502536 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -806501 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 961712 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 3688042 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 3080385 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2287226 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 6088146 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1699406 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 16843205 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 239485 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 51066 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 30534 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 29858 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 62356 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 413299 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 961712 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 1371085 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 862357 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 585795 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.