Civic Intelligence

Southsouthwest Elderly Housing

EIN 06-1172515 • 501(c)3 • Hartford, CT

Profile

To provide safe and affordable elderly housing for south/southwest hartford neighborhood residents in order to minimize the displacement of elderly people and preserve the area's rich ethnic mix.

635 Farmington AveHartford, CT 06105

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.05x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

14th percentile

-21%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

18th percentile

-8.5%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,134,887

Down $105,734 (-8.5%) from 2023

Liabilities

Down

$62,174

Down $29,308 (-32%) from 2023

Net Assets

Down

$1,072,713

Down $76,426 (-6.7%) from 2023

Revenue

Up

$371,428

Up $35,559 (+11%) from 2023

Expenses

Down

$447,854

Down $9,850 (-2.2%) from 2023

Net Income

Up

-$76,426

Up $45,409 (+37%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2020: $1,355,682Liabilities 2020: $104,989Net Assets 2020: $1,250,6932020Assets 2021: $1,370,992Liabilities 2021: $47,094Net Assets 2021: $1,323,8982021Assets 2022: $1,391,643Liabilities 2022: $120,669Net Assets 2022: $1,270,9742022Assets 2023: $1,240,621Liabilities 2023: $91,482Net Assets 2023: $1,149,1392023Assets 2024: $1,134,887Liabilities 2024: $62,174Net Assets 2024: $1,072,7132024

Highlighted filing

2024

Assets$1,134,887
Liabilities$62,174
Net Assets$1,072,713

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2020: $288,322Expenses 2020: $396,745Net Income 2020: -$108,4232020Revenue 2021: $459,426Expenses 2021: $386,221Net Income 2021: $73,2052021Revenue 2022: $388,378Expenses 2022: $441,302Net Income 2022: -$52,9242022Revenue 2023: $335,869Expenses 2023: $457,704Net Income 2023: -$121,8352023Revenue 2024: $371,428Expenses 2024: $447,854Net Income 2024: -$76,4262024

Highlighted filing

2024

Revenue$371,428
Expenses$447,854
Net Income-$76,426

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$371,428
Mission and Program Overview

Mission

To provide safe and affordable elderly housing for south/southwest hartford neighborhood residents in order to minimize the displacement of elderly people and preserve the area's rich ethnic mix.

To provide safe, accessible housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,096,534$976,618▼ $119,916
Savings and Temporary Cash Investments$80,276$83,971▲ $3,695
Cash and Non-Interest-Bearing Accounts$40,326$44,948▲ $4,622
Prepaid Expenses and Deferred Charges$2,881$6,780▲ $3,899
Pledges and Grants Receivable$2,761$4,027▲ $1,266
Total Assets$1,240,621$1,134,887▼ $105,734
Other Assets Total$17,843$18,543▲ $700
Liabilities
Accounts Payable and Accrued Expenses$59,738$28,380▼ $31,358
Escrow Account Liability$17,170$18,181▲ $1,011
Deferred Revenue$14,574$15,613▲ $1,039
Total Liabilities$91,482$62,174▼ $29,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,149,139$1,072,713▼ $76,426
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,149,139$1,072,713▼ $76,426
Total Liabilities and Net Assets / Fund Balance$1,240,621$1,134,887▼ $105,734

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$720,820$2,943,205$3,664,025
Equipment$255,798$187,081$442,879
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kate KellettPresident
Liz Sitler LpcDirector
Lori ShieldsDirector
Barbara KeatingTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,800
Program Service Revenue
$326,196
Investment Income
$3,936
Other Revenue
$33,496
Change in Net Assets
$-76,426

Audited Revenue Reconciliation

Revenue per Audited Statements
$371,428
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$371,428
Total Revenue per Form 990
$371,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$447,854
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$161,730--$161,730
Depreciation Depletion$119,916--$119,916
Fees for Services Management$67,893$21,633-$89,526
Other Expenses$50,201--$50,201
Office Expenses-$15,581-$15,581
Fees for Services Accounting-$10,900-$10,900
Total Functional Expenses$399,740$48,114$0$447,854

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$447,854
Total Expenses per Audited Statements$447,854
Total Expenses per Form 990$447,854
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Imagineers, llc was hired by the board of directors to perform all property management functions which include property maintenance, rental activity, and financial functions. No board members or officers of south/southwest elderly housing corp. Are compensated by imagineers, llc. Reportable compensation received by imagineers, llc in 2024 was $89,526, which includes reimbursements for payroll.

Form 990, Part VI, Section A, Line 8B

The organization's board of directors acted as a whole on all matters and no committees were in place during the fiscal year.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an outside accounting firm and is reviewed by the organization's management company. The return is circulated electronically to the entire board of directors prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Southsouthwest Elderly Housing
EIN
06-1172515
Phone
8607683300
Address
635 FARMINGTON AVE, HARTFORD, CT 06105

Signing Officer

Name
Kate Kellett
Title
President
Phone
8607683300
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Kellett
Formed
1986
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
100 GREAT MEADOW ROAD, WETHERSFIELD, CT 06109
Preparer
Garrett M Higgins
Phone
8602571870
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's board of directors is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds tenant security deposits on behalf of residents in a separate escrow account. Deposits are returned to tenants when they move out of their apartments.

PART X, LINE 2:

The corporation recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the corporation had no uncertain tax positions that would require financial statement recognition or disclosure.

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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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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt047927
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt051940
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt050210
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt049118
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0240477
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt041282
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt047927
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt051940
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt050210
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt049118
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0240477
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0335676
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0301739
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0357861
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0430266
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0258864
IRS990ScheduleA/Total509Grp/TotalAmt01684406
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0371428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0335869
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0388378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0459426
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0288322
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01843423
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0720820
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02943205
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03664025
IRS990ScheduleD/EquipmentGrp/BookValueAmt0255798
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0187081
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0442879
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0447854
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0371428
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS ON BEHALF OF RESIDENTS IN A SEPARATE ESCROW ACCOUNT. DEPOSITS ARE RETURNED TO TENANTS WHEN THEY MOVE OUT OF THEIR APARTMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0976618
IRS990ScheduleD/TotalExpensesPerForm990Amt0447854
IRS990ScheduleD/TotalRevenuePerForm990Amt0371428
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0371428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0447854
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IMAGINEERS, LLC WAS HIRED BY THE BOARD OF DIRECTORS TO PERFORM ALL PROPERTY MANAGEMENT FUNCTIONS WHICH INCLUDE PROPERTY MAINTENANCE, RENTAL ACTIVITY, AND FINANCIAL FUNCTIONS. NO BOARD MEMBERS OR OFFICERS OF SOUTH/SOUTHWEST ELDERLY HOUSING CORP. ARE COMPENSATED BY IMAGINEERS, LLC. REPORTABLE COMPENSATION RECEIVED BY IMAGINEERS, LLC IN 2024 WAS $89,526, WHICH INCLUDES REIMBURSEMENTS FOR PAYROLL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BOARD OF DIRECTORS ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEES WERE IN PLACE DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT COMPANY. THE RETURN IS CIRCULATED ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01240621
IRS990/TotalAssetsEOYAmt01134887
IRS990/TotalAssetsGrp/BOYAmt01240621
IRS990/TotalAssetsGrp/EOYAmt01134887
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07800
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048114
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0399740
IRS990/TotalFunctionalExpensesGrp/TotalAmt0447854
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt091482
IRS990/TotalLiabilitiesEOYAmt062174
IRS990/TotalLiabilitiesGrp/BOYAmt091482
IRS990/TotalLiabilitiesGrp/EOYAmt062174
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01149139
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01072713
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0399740
IRS990/TotalProgramServiceRevenueAmt0326196
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt037432
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0326196
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0371428
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01240621
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01134887
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0635 FARMINGTON AVE
IRS990/USAddress/CityNm0HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006105
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATE KELLETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08607683300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHSOUTHWEST ELDERLY HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0061172515
ReturnHeader/Filer/PhoneNum08607683300
ReturnHeader/Filer/USAddress/AddressLine1Txt0635 FARMINGTON AVE
ReturnHeader/Filer/USAddress/CityNm0HARTFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006105
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01

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