Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
EIN 06-1079879 • 501(c)3 • Hartford, CT
Profile
"my sisters' place is committed to ending homelessness and empowering women, families, and others in greater hartford to achieve independence and stability in their communities by providing housing and supportive services."
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Liabilities / Revenue
81st percentile
Higher debt load relative to revenue than 81% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 2.9% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Assets
Up$24,275,567
Up $8,876,373 (+58%) from 2023
Liabilities
Up$8,726,389
Up $3,893,207 (+81%) from 2023
Net Assets
Up$15,549,178
Up $4,983,166 (+47%) from 2023
Revenue
Up$8,645,513
Up $4,750,417 (+122%) from 2023
Expenses
Down$3,754,884
Down $279,859 (-6.9%) from 2023
Net Income
Up$4,890,629
Up $5,030,276 (+3602%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
"my sisters' place is committed to ending homelessness and empowering women, families, and others in greater hartford to achieve independence and stability in their communities by providing housing and supportive services."
My sisters place is committed to ending homelessness by empowering women, families, and others in greater hartford to achieve independence and stability in their community by providing housing and supportive services.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $11,460,071 | $18,073,176 | ▲ $6,613,105 |
| Savings and Temporary Cash Investments | $2,530,312 | $1,490,886 | ▼ $1,039,426 |
| Pledges and Grants Receivable | $131,570 | $1,418,646 | ▲ $1,287,076 |
| Investments in Publicly Traded Securities | $1,059,029 | $1,222,214 | ▲ $163,185 |
| Prepaid Expenses and Deferred Charges | $95,633 | $96,119 | ▲ $486 |
| Accounts Receivable | $34,910 | $68,994 | ▲ $34,084 |
| Total Assets | $15,399,194 | $24,275,567 | ▲ $8,876,373 |
| Other Assets Total | $87,669 | $1,905,532 | ▲ $1,817,863 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $3,640,526 | $5,719,388 | ▲ $2,078,862 |
| Accounts Payable and Accrued Expenses | $410,642 | $1,502,613 | ▲ $1,091,971 |
| Deferred Revenue | $707,482 | $921,300 | ▲ $213,818 |
| Other Liabilities | - | $499,829 | - |
| Escrow Account Liability | $74,532 | $83,259 | ▲ $8,727 |
| Total Liabilities | $4,833,182 | $8,726,389 | ▲ $3,893,207 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $8,996,396 | $9,218,288 | ▲ $221,892 |
| Net Assets Without Donor Restrictions | $1,569,616 | $6,330,890 | ▲ $4,761,274 |
| Total Net Assets Fund Balance | $10,566,012 | $15,549,178 | ▲ $4,983,166 |
| Total Liabilities and Net Assets / Fund Balance | $15,399,194 | $24,275,567 | ▲ $8,876,373 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $18,073,176 | - | $18,073,176 |
| Other Assets Org | $76,880 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $428,292 | - | ▲ $73,817 | - | $502,109 |
| 2022 | $233,787 | - | ▲ $194,505 | - | $428,292 |
| 2021 | $273,567 | - | ▼ $39,780 | - | $233,787 |
| 2020 | $267,113 | - | ▲ $6,454 | - | $273,567 |
| 2019 | - | $266,367 | ▲ $746 | - | $267,113 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kara a Capone | CEO | PT | $182,921 | $31,680 | $214,601 |
| Kathleen Shaw | Chief Operat | PT | $182,921 | $31,680 | $214,601 |
| Dan Gurvich | Chief Financ | PT | - | $212,921 | $212,921 |
| Amanda Gordon | Director of | PT | - | $144,289 | $144,289 |
| Errol Bartley | Director of | PT | $107,376 | $33,291 | $140,667 |
| Name | Title |
|---|---|
| Diane Bengston | Chair |
| Lisa Hoisl | Vice Chair |
| Anthony Torsiello | Director |
| Colin Wrinn | Director |
| Eric Hanly | Director |
| Kelly Britt | Director |
| Ken Mcavoy | Director |
| Leah Chapman | Director |
| Marie Spadorcia | Director |
| Mark Turek | Director |
| Marva Patterson | Director |
| Nicole Terry | Director |
| Sister Janice Kidney | Director |
| Taylor Shea | Director |
| Dan Gurvich | Chief Financial Offi |
| Kathleen Shaw | Chief Operating Offi |
| Andrew Meehan | Secretary |
| Matthew Candiloro | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Millennium Real Estate Servicesllc | Property Manage | PO BOX 973, Rocky Hill, CT 06067 | $165,989 |
| Contribution Type | Contribution Count | Reported Amount |
|---|---|---|
| Clothing and Household Goods | - | $19,991 |
| Other Non Cash Contri Table | 1 | $16,308 |
| Total Noncash Contributions | 1 | $36,299 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,900,687 |
| Other Expenses | $1,854,197 |
| Total Fundraising Expense | $142,680 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,205,920 | $283,265 | $86,844 | $1,576,029 |
| Depreciation Depletion | $342,618 | $28,366 | - | $370,984 |
| Other Employee Benefits | $228,838 | $75,528 | $20,292 | $324,658 |
| Occupancy | $185,195 | $21,639 | $3,214 | $210,048 |
| Fees for Services Other | $146,534 | $39,153 | $14,326 | $200,013 |
| Insurance | $187,335 | $7,890 | $1,594 | $196,819 |
| Other Expenses | $26,296 | $18,010 | $14,071 | $58,377 |
| Office Expenses | $32,658 | $7,850 | $1,102 | $41,610 |
| All Other Expenses | $24,037 | $8,235 | $605 | $32,877 |
| Interest | $22,192 | - | - | $22,192 |
| Conferences and Meetings | $7,577 | $9,841 | $600 | $18,018 |
| Total Functional Expenses | $3,112,405 | $499,799 | $142,680 | $3,754,884 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $3,797,931 |
| Expenses per Audited Statements | $3,754,884 |
| Total Expenses per Form 990 | $3,754,884 |
| Expenses Not Reported on Form 990 | $43,047 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $88,025 |
| Fundraising Direct Expenses | $43,047 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Hope and Home G | $88,025 | $88,025 | $43,047 | $44,978 |
| Total Events | $88,025 | $88,025 | $43,047 | $44,978 |
| Liability | Amount |
|---|---|
| Accrued Interest on Mortgage Payable | $275,626 |
| Due to Related Party | $224,203 |
“The form 990 is reviewed by the finance and audit committee and the full board of directors and approved by the finance and audit committee before it is filed.”
“Annually, each trustee, agency director, and manager sign a statement disclosing any actual or potential conflict of interest that he/she may have.”
“The board compared the salaries of executive directors at other not for profit organizations. The process was completed by the chair of the board with no involvement of the executive director.”
“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”
“In 2022, msp formed a new subsidiary, 102 pliny street, llc, with msp as its sole member. The new entity has developed and now owns and operates 24 units of affordable and permanent supportive housing known as the beaumont lofts. In march, 2023 the new entity began construction to rehabilitate the property, which had formerly served as a transitional living program, with 4,902,382 of financial assistance through the office of policy and management (opm) american rescue plan act (arpa) state and local fiscal recovery funds (slfrf) program, 3,500,000 in financial assistance through the national housing trust fund (both through ct department of housing), and 500,000 in housing tax credit (htcc) program funding through chfa. 102 pliny street llc has secured project- based vouchers for tenant rental assistance associated with each of the proposed units. Construction was completed and leasing to tenants began in july, 2024.”
“Subsidized support programsmsp is a fiduciary agent managing custodial accounts on behalf of a variety of individuals in the community who are not yet in a position to manage their own finances. Clients include people exiting prison, mental health facilities or young adults who are leaving the child welfare system. Alternative to incarceration (a.i.c.) this program serves clients by providing rent subsidies,startup funds, furniture purchases, alternative housing options (such as hotels) and food. These men and women are department of mental health and addiction services (dmhas) clients, and are considered at risk of becoming homeless and require the time to gain access to benefits or employment in order to continue their independent lives in the community. Youth program children with histories of homelessness experience difficulties related to their time being homeless. More than 40% of those children exhibit serious emotional and behavioral problems. By age 8, more than 75% of those children have mental health concerns that affect their level of social/emotional and academic functioning. Children who are homeless are at increased risk of being homeless as adults. We focus our efforts on children in this program to help break the cycle of homelessness. This program is offered to all children, from birth to age eighteen enrolled in our permanent supportive housing programs, including those at sue ann shay and at scattered sites. The program provides case management services for both parent and child, provides advocacy at ppt school meetings, and provides school uniforms and shoes, book bags and supplies to all school aged children. Other services provided include after school tutoring, reading with therapy dogs, arts and crafts, gardening and cooking, imagination, and open play as well as educational field trips. Generally, the children who participate in the youth program -on-going improvement and progress for each participant in the tutoring and educational support programs. -a drastic reduction in behavioral related events in school and at home; -increased socialization and environmental adaptability for the children who attend socialization activities, therapeutic recreation activities and behavioral modification groups and activities. Housing coordination security deposit programs - msp operates a few different programs providing limited financial assistance such as security deposits, first month's rent, security deposit guarantees and sometimes small rental arrears to households who are homeless or at risk of homelessness. Available funding varies and specifies what households may be served and what expenses can be covered. The hartford foundation for public giving, the hartford and the first congregational church of vernon have been long-time supporters of these programs. Last year, a total of 220 individuals were served through the rental assistance programs. Housing mobility program - assists 100 individuals and families with housing subsidies to move from areas of low opportunity (usually in cities) to areas of higher opportunity in the hartford region. High opportunity areas are those with better school systems, low crime rates, better transportation and better job opportunities. Staff provide tenant education, mobility counseling, and housing search assistance by meeting with potential clients, landlords, and program staff to match people with opportunities. To qualify, clients must have a section 8 or rap housing voucher along with at least one child 13 or younger living in the household. Last year, a total of 466 individuals were served through the housing mobility counseling program.”
“Special event 43,047 special event -43,047”
“The internal revenue service (irs) has determined that msp is exempt from federal income taxes on exempt function income as a public charity under section 501(c)(3) of the internal revenue code. Msp housing ii, llc, the owner of mary seymour place apartments, is a single member llc and is treated as a disregarded entity for income tax purposes. Income is reported directly onmsps income tax return. Sue ann shay, llc, the owner of sue ann shay apartments, is a single member llc and is treated as a disregarded entity for income tax purposes. Income is reported directly on msps income tax return. 102 pliny street llc, the owner of 102 pliny street apartments, is a single member llc and is treated as a disregarded entity for income tax purposes. Income is reported directly on msps income tax return.”
“SPECIAL EVENT 43,047”
“SPECIAL EVENT 43,047”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | MY SISTERS PLACE IS COMMITTED TO ENDING HOMELESSNESS BY EMPOWERING WOMEN, FAMILIES, AND OTHERS IN GREATER HARTFORD TO ACHIEVE INDEPENDENCE AND STABILITY IN THEIR COMMUNITY BY PROVIDING HOUSING AND SUPPORTIVE SERVICES. |
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| IRS990/Desc | 0 | AFFORDABLE HOUSING:1. MARY SEYMOUR PLACE APARTMENTS, LOCATED IN HARTFORD, PROVIDES SINGLE MEN OR WOMEN AFFORDABLE RENTAL APARTMENTS. TENANTS HOLD THEIR OWN LEASES. UNITS ARE LEASED TO LOW AND MODERATE INCOME TENANTS. THERE ARE 30 ONEBEDROOM APARTMENTS ONSITE,AS WELL AS VOLUNTARY CASE MANAGEMENT AND REFERRAL/ADVOCACY PROGRAMS AVAILABLE.2. THE SUE ANN SHAY PLACE APARTMENTS CONSIST OF 34 AFFORDABLE ONE, TWO AND THREE BEDROOM RENTAL APARTMENTS FOR WOMEN AND THEIR FAMILIES LOCATED IN HARTFORD, CT. UNITS ARE LEASED TO LOW AND MODERATE INCOME TENANTS. TENANTS HOLD THEIR OWN LEASES. VOLUNTARY CASE MANAGEMENT AND REFERRAL/ADVOCACY PROGRAMS ARE ALSO AVAILABLE ONSITE. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | CHIEF FINANC |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR OF |
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| IRS990/MissionDesc | 0 | MY SISTERS PLACE IS COMMITTED TO ENDING HOMELESSNESS BY EMPOWERING WOMEN, FAMILIES, AND OTHERS IN GREATER HARTFORD TO ACHIEVE INDEPENDENCE AND STABILITY IN THEIR COMMUNITY BY PROVIDING HOUSING AND SUPPORTIVE SERVICES. |
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| IRS990/OtherExpensesGrp/Desc | 0 | CLIENT SUPPORT |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | SUPPORTIVE HOUSING PROGRAMS:MY SISTERS' PLACE PROVIDES SUPPORTIVE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES WHO WERE FORMERLY HOMELESS AND UNABLE TO HOLD THEIR OWN LEASE. THROUGH THE MARY SEYMOUR PLACE APARTMENTS AND SUE ANN SHAY PLACE APARTMENTS, MSP PROVIDES HOUSING AND SUPPORT SERVICES FOR THOSE WHO MEET ONE OR MORE OF THE FOLLOWING CRITERIA: LOW INCOME, LIVING WITH A MENTAL ILLNESS, AND/OR CURRENTLY HOMELESS. |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | PERMANENT SUPPORTIVE HOUSING:PERMANENT SUPPORTIVE HOUSING (PSH) INTEGRATES PERMANENT, AFFORDABLE RENTAL HOUSING THROUGHOUT THE HARTFORD AREA WITH THE BEST PRACTICE COMMUNITYBASED SUPPORTIVE SERVICES NEEDED TO HELP PEOPLE WHO ARE HOMELESS AND/OR HAVE SERIOUS AND LONGTERM DISABILITIES SUCH AS MENTAL ILLNESSES, DEVELOPMENTAL DISABILITIES, PHYSICAL DISABILITIES, SUBSTANCE USE DISORDERS, AND CHRONIC HEALTH CONDITIONS ACCESS AND MAINTAIN STABLE HOUSING IN THE COMMUNITY. |
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | SUBSIDIZED SUPPORT PROGRAMSMSP IS A FIDUCIARY AGENT MANAGING CUSTODIAL ACCOUNTS ON BEHALF OF A VARIETY OF INDIVIDUALS IN THE COMMUNITY WHO ARE NOT YET IN A POSITION TO MANAGE THEIR OWN FINANCES. CLIENTS INCLUDE PEOPLE EXITING PRISON, MENTAL HEALTH FACILITIES OR YOUNG ADULTS WHO ARE LEAVING THE CHILD WELFARE SYSTEM. ALTERNATIVE TO INCARCERATION (A.I.C.) THIS PROGRAM SERVES CLIENTS BY PROVIDING RENT SUBSIDIES,STARTUP FUNDS, FURNITURE PURCHASES, ALTERNATIVE HOUSING OPTIONS (SUCH AS HOTELS) AND FOOD. THESE MEN AND WOMEN ARE DEPARTMENT OF MENTAL HEALTH AND ADDICTION SERVICES (DMHAS) CLIENTS, AND ARE CONSIDERED AT RISK OF BECOMING HOMELESS AND REQUIRE THE TIME TO GAIN ACCESS TO BENEFITS OR EMPLOYMENT IN ORDER TO CONTINUE THEIR INDEPENDENT LIVES IN THE COMMUNITY. YOUTH PROGRAM CHILDREN WITH HISTORIES OF HOMELESSNESS EXPERIENCE DIFFICULTIES RELATED TO THEIR TIME BEING HOMELESS. MORE THAN 40% OF THOSE CHILDREN EXHIBIT SERIOUS EMOTIONAL AND BEHAVIORAL PROBLEMS. BY AGE 8, MORE THAN 75% OF THOSE CHILDREN HAVE MENTAL HEALTH CONCERNS THAT AFFECT THEIR LEVEL OF SOCIAL/EMOTIONAL AND ACADEMIC FUNCTIONING. CHILDREN WHO ARE HOMELESS ARE AT INCREASED RISK OF BEING HOMELESS AS ADULTS. WE FOCUS OUR EFFORTS ON CHILDREN IN THIS PROGRAM TO HELP BREAK THE CYCLE OF HOMELESSNESS. THIS PROGRAM IS OFFERED TO ALL CHILDREN, FROM BIRTH TO AGE EIGHTEEN ENROLLED IN OUR PERMANENT SUPPORTIVE HOUSING PROGRAMS, INCLUDING THOSE AT SUE ANN SHAY AND AT SCATTERED SITES. THE PROGRAM PROVIDES CASE MANAGEMENT SERVICES FOR BOTH PARENT AND CHILD, PROVIDES ADVOCACY AT PPT SCHOOL MEETINGS, AND PROVIDES SCHOOL UNIFORMS AND SHOES, BOOK BAGS AND SUPPLIES TO ALL SCHOOL AGED CHILDREN. OTHER SERVICES PROVIDED INCLUDE AFTER SCHOOL TUTORING, READING WITH THERAPY DOGS, ARTS AND CRAFTS, GARDENING AND COOKING, IMAGINATION, AND OPEN PLAY AS WELL AS EDUCATIONAL FIELD TRIPS. GENERALLY, THE CHILDREN WHO PARTICIPATE IN THE YOUTH PROGRAM -ON-GOING IMPROVEMENT AND PROGRESS FOR EACH PARTICIPANT IN THE TUTORING AND EDUCATIONAL SUPPORT PROGRAMS. -A DRASTIC REDUCTION IN BEHAVIORAL RELATED EVENTS IN SCHOOL AND AT HOME; -INCREASED SOCIALIZATION AND ENVIRONMENTAL ADAPTABILITY FOR THE CHILDREN WHO ATTEND SOCIALIZATION ACTIVITIES, THERAPEUTIC RECREATION ACTIVITIES AND BEHAVIORAL MODIFICATION GROUPS AND ACTIVITIES. HOUSING COORDINATION SECURITY DEPOSIT PROGRAMS - MSP OPERATES A FEW DIFFERENT PROGRAMS PROVIDING LIMITED FINANCIAL ASSISTANCE SUCH AS SECURITY DEPOSITS, FIRST MONTH'S RENT, SECURITY DEPOSIT GUARANTEES AND SOMETIMES SMALL RENTAL ARREARS TO HOUSEHOLDS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS. AVAILABLE FUNDING VARIES AND SPECIFIES WHAT HOUSEHOLDS MAY BE SERVED AND WHAT EXPENSES CAN BE COVERED. THE HARTFORD FOUNDATION FOR PUBLIC GIVING, THE HARTFORD AND THE FIRST CONGREGATIONAL CHURCH OF VERNON HAVE BEEN LONG-TIME SUPPORTERS OF THESE PROGRAMS. LAST YEAR, A TOTAL OF 220 INDIVIDUALS WERE SERVED THROUGH THE RENTAL ASSISTANCE PROGRAMS. HOUSING MOBILITY PROGRAM - ASSISTS 100 INDIVIDUALS AND FAMILIES WITH HOUSING SUBSIDIES TO MOVE FROM AREAS OF LOW OPPORTUNITY (USUALLY IN CITIES) TO AREAS OF HIGHER OPPORTUNITY IN THE HARTFORD REGION. HIGH OPPORTUNITY AREAS ARE THOSE WITH BETTER SCHOOL SYSTEMS, LOW CRIME RATES, BETTER TRANSPORTATION AND BETTER JOB OPPORTUNITIES. STAFF PROVIDE TENANT EDUCATION, MOBILITY COUNSELING, AND HOUSING SEARCH ASSISTANCE BY MEETING WITH POTENTIAL CLIENTS, LANDLORDS, AND PROGRAM STAFF TO MATCH PEOPLE WITH OPPORTUNITIES. TO QUALIFY, CLIENTS MUST HAVE A SECTION 8 OR RAP HOUSING VOUCHER ALONG WITH AT LEAST ONE CHILD 13 OR YOUNGER LIVING IN THE HOUSEHOLD. LAST YEAR, A TOTAL OF 466 INDIVIDUALS WERE SERVED THROUGH THE HOUSING MOBILITY COUNSELING PROGRAM. |
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