Civic Intelligence

Hart Residences Inc.

990 • Fiscal year 2022 • EIN 06-1018994

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

127 Washington Ave 5th FL West BldNorth Haven, CT 06473

(203) 234-2200

Siviq Scores

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

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.19x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

73rd percentile

23%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$158,667

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 65.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

54th percentile

3.3%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-3.2%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$463,356

Up $14,589 (+3.3%) from 2021

Net Assets

Up

$417,821

Up $56,283 (+16%) from 2021

Liabilities

Down

$45,535

Down $41,694 (-48%) from 2021

Revenue

Down

$244,230

Down $8,182 (-3.2%) from 2021

Expenses

Up

$187,947

Up $15,237 (+8.8%) from 2021

Net Income

Down

$56,283

Down $23,419 (-29%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2011: $196,985Liabilities 2011: $318,862Net Assets 2011: -$121,8772011Assets 2012: $178,661Liabilities 2012: $308,249Net Assets 2012: -$129,5882012Assets 2013: $152,137Liabilities 2013: $281,929Net Assets 2013: -$129,7922013Assets 2014: $186,254Liabilities 2014: $280,724Net Assets 2014: -$94,4702014Assets 2015: $199,604Liabilities 2015: $272,136Net Assets 2015: -$72,5322015Assets 2016: $235,105Liabilities 2016: $222,262Net Assets 2016: $12,8432016Assets 2017: $290,704Liabilities 2017: $207,933Net Assets 2017: $82,7712017Assets 2018: $321,006Liabilities 2018: $180,051Net Assets 2018: $140,9552018Assets 2019: $381,653Liabilities 2019: $162,483Net Assets 2019: $219,1702019Assets 2020: $411,050Liabilities 2020: $129,214Net Assets 2020: $281,8362020Assets 2021: $448,767Liabilities 2021: $87,229Net Assets 2021: $361,5382021Assets 2022: $463,356Liabilities 2022: $45,535Net Assets 2022: $417,8212022Assets 2023: $511,208Liabilities 2023: $29,830Net Assets 2023: $481,3782023Assets 2024: $626,596Liabilities 2024: $77,408Net Assets 2024: $549,1882024

Highlighted filing

2022

Assets$463,356
Liabilities$45,535
Net Assets$417,821

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $200,921Expenses 2011: $193,766Net Income 2011: $7,1552011Revenue 2012: $193,782Expenses 2012: $201,493Net Income 2012: -$7,7112012Revenue 2013: $201,625Expenses 2013: $201,829Net Income 2013: -$2042013Revenue 2014: $264,456Expenses 2014: $229,134Net Income 2014: $35,3222014Revenue 2015: $230,858Expenses 2015: $208,920Net Income 2015: $21,9382015Revenue 2016: $270,375Expenses 2016: $185,000Net Income 2016: $85,3752016Revenue 2017: $270,721Expenses 2017: $200,793Net Income 2017: $69,9282017Revenue 2018: $256,135Expenses 2018: $197,951Net Income 2018: $58,1842018Revenue 2019: $273,771Expenses 2019: $195,556Net Income 2019: $78,2152019Revenue 2020: $251,021Expenses 2020: $188,355Net Income 2020: $62,6662020Revenue 2021: $252,412Expenses 2021: $172,710Net Income 2021: $79,7022021Revenue 2022: $244,230Expenses 2022: $187,947Net Income 2022: $56,2832022Revenue 2023: $263,431Expenses 2023: $199,874Net Income 2023: $63,5572023Revenue 2024: $284,349Expenses 2024: $216,539Net Income 2024: $67,8102024

Highlighted filing

2022

Revenue$244,230
Expenses$187,947
Net Income$56,283
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$244,230
Mission and Program Overview

Mission

To provide support services to individuals with developmental disabilities throughout connecticut and to maintain a commitment to empower individuals with developmental disabilities and their families to have more choices and opportunities in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$149,715$187,518▲ $37,803
Land, Buildings, and Equipment, Net$162,337$155,542▼ $6,795
Cash and Non-Interest-Bearing Accounts$129,255$118,910▼ $10,345
Prepaid Expenses and Deferred Charges$7,460$1,386▼ $6,074
Total Assets$448,767$463,356▲ $14,589
Liabilities
Mortgage Notes Payable Secured by Investment Property$71,404$35,724▼ $35,680
Accounts Payable and Accrued Expenses$13,203$7,247▼ $5,956
Other Liabilities$2,622$2,564▼ $58
Total Liabilities$87,229$45,535▼ $41,694
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$361,538$417,821▲ $56,283
Total Net Assets Fund Balance$361,538$417,821▲ $56,283
Total Liabilities and Net Assets / Fund Balance$448,767$463,356▲ $14,589

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$135,986$718,885$854,871
Equipment$7,622$23,156$30,778
Other Land Buildings-$21,602$21,602
Land$11,934-$11,934
Compensation and Service Providers

Employees

NameTitleOtherTotal
Julie ZalegowskiExecutive Di$158,667$158,667
Thomas M LupinksiFiscal Direc$139,986$139,986

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$244,196
Investment Income
$34
Other Revenue
$0
Change in Net Assets
$56,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,947
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$29,500--$29,500
Fees for Services Other-$25,616-$25,616
Depreciation Depletion$23,000--$23,000
Insurance$13,947--$13,947
Fees for Services Management-$11,192-$11,192
Interest$4,903--$4,903
All Other Expenses$3,240--$3,240
Other Expenses$3,068--$3,068
Office Expenses-$50-$50
Total Functional Expenses$151,089$36,858$0$187,947
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
Security Deposits Payable$2,564
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 35% controlled entity
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Nan holloman, esq. E. Carol holloman scrty/treas. President daughter/mother

Form 990, Page 6, Part VI, Line 11B

Each member of the board receives a copy of the 990 for review before filing.

Form 990, Page 6, Part VI, Line 12C

The board of directors review and sign a conflict of interest disclosure form annually.

Form 990, Page 6, Part VI, Line 15A

Executive director compensation is reviewed by the board of directors. Outcomes and quality of service for the prior year are reviewed. Salary survey provided by ccna is reviewed for comparisons to other agencies in the same industry.

Form 990, Page 6, Part VI, Line 15B

Top management compensation is reviewed by the executive director. Outcomes and quality of service for the prior year are reviewed. Salary survey provided by ccna is reviewed for comparisons to other agencies in the same industry.

Form 990, Page 6, Part VI, Line 19

All governing documents are made available upon request within a reasonable amount of time.

Filing and Contact Details

Filer

Filer Name
Hart Residences Inc
EIN
06-1018994
Phone
2032342200
Address
127 WASHINGTON AVE 5TH FL WEST BLD, NORTH HAVEN, CT 06473

Signing Officer

Name
Julie Zalegowski
Title
Executive Director
Phone
2032342200
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Zalegowski
Formed
2001
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Guilmartin Dipiro & Sokolowski LLC
Address
505 MAIN ST, MIDDLETOWN, CT 06457-2809
Preparer
Christopher B Conley
Phone
8603475689
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide support services to individuals with developmental disabilities throughout connecticut and to maintain a commitment to empower individuals with developmental disabilities and their families to have more choices and opportunities in the community.

Form 990, Part IX, Line 11G

Fee for service 0 25,616 0

Financial Statement Notes

Schedule D, Page 3, Part X

Hart and residences have each received exemption from federal income tax under section 501(c)(3) of the internal revenue code. Each agency has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). Management has reviewed the agencies' reporting and believe they have not taken tax positions that are more likely than not to be determined to be incorrect by the internal revenue service and therefore no adjustments or disclosures are required. The agencies are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods pending or in progress.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HART AND RESIDENCES HAVE EACH RECEIVED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. EACH AGENCY HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). MANAGEMENT HAS REVIEWED THE AGENCIES' REPORTING AND BELIEVE THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE INTERNAL REVENUE SERVICE AND THEREFORE NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE AGENCIES ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS OF HART UNITED, A RELATED 501(C)(3). OUTCOMES AND QUALITY OF SERVICE FOR THE PRIOR YEAR ARE REVIEWED. SALARY SURVEY PROVIDED BY CCNA IS REVIEWED FOR COMPARISONS TO OTHER AGENCIES IN THE SAME INDUSTRY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SUPPORT SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES THROUGHOUT CONNECTICUT AND TO MAINTAIN A COMMITMENT TO EMPOWER INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES TO HAVE MORE CHOICES AND OPPORTUNITIES IN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NAN HOLLOMAN, ESQ. E. CAROL HOLLOMAN SCRTY/TREAS. PRESIDENT DAUGHTER/MOTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER OF THE BOARD RECEIVES A COPY OF THE 990 FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEW AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS. OUTCOMES AND QUALITY OF SERVICE FOR THE PRIOR YEAR ARE REVIEWED. SALARY SURVEY PROVIDED BY CCNA IS REVIEWED FOR COMPARISONS TO OTHER AGENCIES IN THE SAME INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TOP MANAGEMENT COMPENSATION IS REVIEWED BY THE EXECUTIVE DIRECTOR. OUTCOMES AND QUALITY OF SERVICE FOR THE PRIOR YEAR ARE REVIEWED. SALARY SURVEY PROVIDED BY CCNA IS REVIEWED FOR COMPARISONS TO OTHER AGENCIES IN THE SAME INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST WITHIN A REASONABLE AMOUNT OF TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FEE FOR SERVICE 0 25,616 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.27$0.77$5.49$2.84$2.17$0.68
2023Detailed filing. Detailed filing data is available for this year.$5.11$0.30$4.81$2.63$2.00$0.64
2022Detailed filing. Detailed filing data is available for this year.$4.63$0.46$4.18$2.44$1.88$0.56
2021Detailed filing. Detailed filing data is available for this year.$4.49$0.87$3.62$2.52$1.73$0.80
2020Detailed filing. Detailed filing data is available for this year.$4.11$1.29$2.82$2.51$1.88$0.63
2019Detailed filing. Detailed filing data is available for this year.$3.82$1.62$2.19$2.74$1.96$0.78
2018Detailed filing. Detailed filing data is available for this year.$3.21$1.80$1.41$2.56$1.98$0.58
2017Detailed filing. Detailed filing data is available for this year.$2.91$2.08$0.83$2.71$2.01$0.70
2016Detailed filing. Detailed filing data is available for this year.$2.35$2.22$0.13$2.70$1.85$0.85
2015Detailed filing. Detailed filing data is available for this year.$2.00$2.72$0.73$2.31$2.09$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.86$2.81$0.94$2.64$2.29$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$2.82$1.30$2.02$2.02$0.00
2012Summary only. Only limited summary data is available for this year.$1.79$3.08$1.30$1.94$2.01$0.08
2011Summary only. Only limited summary data is available for this year.$1.97$3.19$1.22$2.01$1.94$0.07