Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2014 • EIN 06-1276156

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 20, 2015

Organization ProfileWWW.HDF-CT.ORG
100 Prospect St-suite 100Stamford, CT 06901

(203) 969-1830

Siviq Scores

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

Liabilities / Assets

81st percentile

0.74x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

7.39x

Higher debt load relative to revenue than 96% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

30th percentile

$231,232

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

81st percentile

23%

Faster revenue growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$52,996,899

Up $5,896,651 (+13%) from 2013

Net Assets

Up

$14,026,816

Up $1,892,852 (+16%) from 2013

Liabilities

Up

$38,970,083

Up $4,003,799 (+11%) from 2013

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin85th percentile

Revenue

Up

$5,273,363

Up $988,645 (+23%) from 2013

Expenses

Up

$3,380,511

Up $420,042 (+14%) from 2013

Net Income

Up

$1,892,852

Up $568,603 (+43%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$80M$60M$40M$20M$0Assets 2010: $32,537,856Liabilities 2010: $23,513,417Net Assets 2010: $9,024,4392010Assets 2011: $45,775,714Liabilities 2011: $35,789,624Net Assets 2011: $9,986,0902011Assets 2012: $45,933,389Liabilities 2012: $35,123,674Net Assets 2012: $10,809,7152012Assets 2013: $47,100,248Liabilities 2013: $34,966,284Net Assets 2013: $12,133,9642013Assets 2014: $52,996,899Liabilities 2014: $38,970,083Net Assets 2014: $14,026,8162014Assets 2015: $53,390,574Liabilities 2015: $39,348,609Net Assets 2015: $14,041,9652015Assets 2016: $53,711,670Liabilities 2016: $39,639,718Net Assets 2016: $14,071,9522016Assets 2017: $56,088,049Liabilities 2017: $39,257,877Net Assets 2017: $16,830,1722017Assets 2018: $60,000,034Liabilities 2018: $41,178,234Net Assets 2018: $18,821,8002018Assets 2019: $60,247,331Liabilities 2019: $38,426,860Net Assets 2019: $21,820,4712019Assets 2020: $61,419,506Liabilities 2020: $39,471,652Net Assets 2020: $21,947,8542020Assets 2021: $51,647,700Liabilities 2021: $25,607,785Net Assets 2021: $26,039,9152021Assets 2022: $52,033,074Liabilities 2022: $23,777,809Net Assets 2022: $28,255,2652022Assets 2023: $50,956,580Liabilities 2023: $22,771,361Net Assets 2023: $28,185,2192023Assets 2024: $62,649,637Liabilities 2024: $31,115,864Net Assets 2024: $31,533,7732024Assets 2025: $71,858,509Liabilities 2025: $32,188,259Net Assets 2025: $39,670,2502025

Highlighted filing

2014

Assets$52,996,899
Liabilities$38,970,083
Net Assets$14,026,816
Open 2014 Filing

Operations Trend

Revenue Growth81st percentile

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

$15M$10M$5.0M$0Expenses 2010: $5,967,3422010Revenue 2011: $4,768,580Expenses 2011: $3,806,929Net Income 2011: $961,6512011Expenses 2012: $2,813,6282012Revenue 2013: $4,284,718Expenses 2013: $2,960,469Net Income 2013: $1,324,2492013Revenue 2014: $5,273,363Expenses 2014: $3,380,511Net Income 2014: $1,892,8522014Revenue 2015: $4,052,104Expenses 2015: $4,036,955Net Income 2015: $15,1492015Revenue 2016: $4,315,982Expenses 2016: $4,285,995Net Income 2016: $29,9872016Revenue 2017: $6,614,585Expenses 2017: $3,871,067Net Income 2017: $2,743,5182017Revenue 2018: $6,019,477Expenses 2018: $4,049,744Net Income 2018: $1,969,7332018Revenue 2019: $7,573,786Expenses 2019: $4,573,569Net Income 2019: $3,000,2172019Revenue 2020: $3,532,564Expenses 2020: $3,453,871Net Income 2020: $78,6932020Revenue 2021: $8,302,057Expenses 2021: $4,026,762Net Income 2021: $4,275,2952021Revenue 2022: $5,301,670Expenses 2022: $3,161,206Net Income 2022: $2,140,4642022Revenue 2023: $3,366,920Expenses 2023: $3,327,155Net Income 2023: $39,7652023Revenue 2024: $7,334,851Expenses 2024: $3,342,616Net Income 2024: $3,992,2352024Revenue 2025: $12,254,032Expenses 2025: $3,910,554Net Income 2025: $8,343,4782025

Highlighted filing

2014

Revenue$5,273,363
Expenses$3,380,511
Net Income$1,892,852
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 20, 2015
Return Version
2013v4.0
Gross Receipts
$5,286,265
Mission and Program Overview

Mission

To facilitate the development of affordable housing, both rental and homeownership, and assists households to become owners of affordable homes.

To facilitate the development of affordable housing, both rental and homeownership, and assist households to become owners of affordable homes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$26,702,615$28,585,073▲ $1,882,458
Savings and Temporary Cash Investments$4,306,808$7,153,072▲ $2,846,264
Accounts Receivable$147,926$766,845▲ $618,919
Land, Buildings, and Equipment, Net$543,733$536,375▼ $7,358
Prepaid Expenses and Deferred Charges$61,203$46,852▼ $14,351
Pledges and Grants Receivable$43,741$22,170▼ $21,571
Total Assets$47,100,248$52,996,899▲ $5,896,651
Other Assets Total$15,294,222$15,886,512▲ $592,290
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,338,134$21,092,056▲ $1,753,922
Other Liabilities$15,226,226$17,436,562▲ $2,210,336
Accounts Payable and Accrued Expenses$401,924$441,465▲ $39,541
Total Liabilities$34,966,284$38,970,083▲ $4,003,799
Net Assets / Fund Balance
Unrestricted Net Assets$8,408,928$9,315,174▲ $906,246
Temporarily Rstr Net Assets$2,861,281$3,647,887▲ $786,606
Permanently Rstr Net Assets$863,755$1,063,755▲ $200,000
Total Net Assets Fund Balance$12,133,964$14,026,816▲ $1,892,852
Total Liabilities and Net Assets / Fund Balance$47,100,248$52,996,899▲ $5,896,651

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$471,323$76,917$548,240
Equipment$65,052$165,202$230,254
Other Land Buildings$0--
Other Assets Org$596,088--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$863,755$200,000--$1,063,755
2012$628,755$235,000--$863,755
2011$428,755$200,000--$628,755
2010$428,755---$428,755
2009$428,755---$428,755
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CartyPresident and CEOFT$220,163$11,069$231,232
Joanne TaylorCOOFT$146,845$6,768$153,613

Board Members and Trustees

NameTitle
Kathleen RomagnanoChair
Robin GallagherVice-chair
Brian SkardaBoard Member
Claire FishmanBoard Member
Clay FowlerBoard Member
Jack PenfieldBoard Member
Jessica FoggBoard Member
Joseph McgeeBoard Member
Margaret PowersBoard Member
Marjan MurrayBoard Member
Phillip MckainBoard Member
Pobie JohnstonBoard Member
Reyno Giallongo JrBoard Member
Seymour WeinsteinBoard Member
Lisa SandersAssistant Secretary
Al ShehadiAssistant Treasurer
John MarchSecretary
Charles HowellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,951,531
Program Service Revenue
$2,287,686
Investment Income
$34,146
Other Revenue
$0
All Other Contributions
$729,824
Change in Net Assets
$1,892,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,273,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,902
Total Revenue per Audited Statements
$5,286,265
Total Revenue per Form 990
$5,273,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,033,302
Other Expenses$1,347,209
Total Fundraising Expense$85,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$991,632$317,451$33,642$1,342,725
Interest$418,151--$418,151
Current Officers, Directors, Trustees, and Key Employees$271,586$84,412$11,010$367,008
Other Employee Benefits$141,841$51,952$5,772$199,565
Fees for Services Other$69,882$76,666$8,518$155,066
Payroll Taxes$96,133$25,084$2,787$124,004
Office Expenses$56,562$31,528$3,503$91,593
Occupancy$70,044$6,857$762$77,663
All Other Expenses$35,399$22,199$2,466$60,064
Advertising$24,009$27,356$3,039$54,404
Insurance$20,926$23,995$2,666$47,587
Conferences and Meetings$9,240$29,738$3,304$42,282
Depreciation Depletion$22,960$14,360$1,595$38,915
Information Technology$17,434$10,403$1,156$28,993
Travel$8,539$16,495$1,833$26,867
Other Expenses$50,594$15,210$1,690$16,900
Total Functional Expenses$2,524,259$770,629$85,623$3,380,511

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,393,413
Expenses per Audited Statements$3,380,511
Total Expenses per Form 990$3,380,511
Expenses Not Reported on Form 990$12,902
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,902
Fundraising Gross Income$12,902
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$75,485$12,902$12,902$0
Total Events$75,485$12,902$12,902$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
Agency Liabilities$13,955,687
Refundable Advances on Grants$2,595,610
Borrower Escrow Accounts$720,227
Deferred Compensation Obligations$165,038
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 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 11

“The 990 is reviewed by the management team, cfo, coo and ceo and executive committee prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to sign a conflict of interest form annually.”

Form 990, Part VI, Section B, Line 15

“The compensation of the executive director is established by a compensation committee of the board and is based on a performance evaluation and comparative salary review conducted annually.”

Form 990, Part VI, Section C, Line 19

“Financial statements are on our website and available on request. Other documents are available upon request.”

Filing and Contact Details

Filer

EIN
06-1276156
Phone
2039691830

Signing Officer

Name
Joan Carty
Title
President and CEO
Phone
2039691830
Signed
2015-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Carty
Formed
1989
Legal Domicile
Ct
Voting Board Members
18
Independent Board Members
18
Employees
25
Volunteers
0

Preparer

Preparer
Richard P Offenbach
Phone
2033665876
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The net income of the stamford development corporation endowment fund is used annually to meet the operating expenses of hdf to provide affordable housing in the city of stamford. The neighborworks works america capital grant fund is used to provide loans for hdf's leap revolving loan fund.”

PART X, LINE 2:

“Management of hdf has evaluated all significant tax positions as required by generally accepted accounting principles in the united states of america. Management of hdf is of the opinion that the entity has not taken any material tax positions that would require the recording of any liability of hdf, nor is management of hdf of the opinion that there were any unrealized tax benefits that would either increase or decrease materially within the next year. If necessary it is hdf's policy to recognize any estimated interest and penalties, if necessary. The tax returns of hdf for the three years ended june 30, 2013 are subject to examination by the taxing authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of direct benefits 12,902.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of direct benefits 12,902.”

Raw XML AppendixShowing 400 of 677 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.

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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/ReportableCompFromOrgAmt17220163
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18146845
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18COO
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHAIR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt062583
IRS990/FundraisingDirectExpensesAmt012902
IRS990/FundraisingGrossIncomeAmt012902
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt02159124
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05286265
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01156
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010403
IRS990/InformationTechnologyGrp/ProgramServicesAmt017434
IRS990/InformationTechnologyGrp/TotalAmt028993
IRS990/InsuranceGrp/FundraisingAmt02666
IRS990/InsuranceGrp/ManagementAndGeneralAmt023995
IRS990/InsuranceGrp/ProgramServicesAmt020926
IRS990/InsuranceGrp/TotalAmt047587
IRS990/InterestGrp/ProgramServicesAmt0418151
IRS990/InterestGrp/TotalAmt0418151
IRS990/InvestmentIncomeGrp/ExclusionAmt034146
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034146
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt042
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0242119
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0543733
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0536375
IRS990/LandBldgEquipCostOrOtherBssAmt0778494
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019338134
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt021092056
IRS990/NetAssetsOrFundBalancesBOYAmt012133964
IRS990/NetAssetsOrFundBalancesEOYAmt014026816
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0762
IRS990/OccupancyGrp/ManagementAndGeneralAmt06857
IRS990/OccupancyGrp/ProgramServicesAmt070044
IRS990/OccupancyGrp/TotalAmt077663
IRS990/OfficeExpensesGrp/FundraisingAmt03503
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031528
IRS990/OfficeExpensesGrp/ProgramServicesAmt056562
IRS990/OfficeExpensesGrp/TotalAmt091593
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015294222
IRS990/OtherAssetsTotalGrp/EOYAmt015886512
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05772
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt051952
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0141841
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0199565
IRS990/OtherExpensesGrp/Desc0PROVISION FOR UNCOLLECT
IRS990/OtherExpensesGrp/Desc1HOLDING COSTS OF REAL P
IRS990/OtherExpensesGrp/Desc2EQUIPMENT LEASES AND MA
IRS990/OtherExpensesGrp/Desc3FUND RAISING EVENT EXPE
IRS990/OtherExpensesGrp/FundraisingAmt01880
IRS990/OtherExpensesGrp/FundraisingAmt11690
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016923
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115210
IRS990/OtherExpensesGrp/ProgramServicesAmt0134208
IRS990/OtherExpensesGrp/ProgramServicesAmt185119
IRS990/OtherExpensesGrp/ProgramServicesAmt250594
IRS990/OtherExpensesGrp/TotalAmt0134208
IRS990/OtherExpensesGrp/TotalAmt185119
IRS990/OtherExpensesGrp/TotalAmt269397
IRS990/OtherExpensesGrp/TotalAmt316900
IRS990/OtherLiabilitiesGrp/BOYAmt015226226
IRS990/OtherLiabilitiesGrp/EOYAmt017436562
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt033642
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0317451
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0991632
IRS990/OtherSalariesAndWagesGrp/TotalAmt01342725
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt026702615
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028585073
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02787
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025084
IRS990/PayrollTaxesGrp/ProgramServicesAmt096133
IRS990/PayrollTaxesGrp/TotalAmt0124004
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0863755
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01063755
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt043741
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022170
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061203
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046852
IRS990/PrincipalOfficerNm0JOAN CARTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME LOANS
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTS AND FEES
IRS990/ProgramServiceRevenueGrp/Desc2GAIN ON PURCHASE OF LO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01336077
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1542466
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2409143
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01336077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1542466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2409143
IRS990/ProgSrvcAccomActy2Grp/Desc0HOMEBUYER ASSISTANCE UNDERWRITING AND COUNSELING - PROVIDE LOW INTEREST, FLEXIBLE FINANCING AND TECHNICAL ASSISTANCE TO DEVELOPERS BY PROVIDING HOMEBUYER ASSISTANCE FINANCING AND HOMEOWNERSHIP COUNSELING TO HOMEBUYERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01313256
IRS990/ProgSrvcAccomActy3Grp/Desc0FORECLOSURE INITIATIVES COUNSELING AND RELATED ACTIVITIES TO ASSIST HOMEOWNERS IN DEALING WITH THE MORTGAGE FORECLOSURE CRISIS. THESE ACTIVITIES ALSO INCLUDE OPERATIONS UNDER THE FEDERAL NEIGHBORHOOD STABILIZATION GRANT PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0346923
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVISION FOR CREDIT LOSSES - ESTIMATED LOSSES ON LOANS AND REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0134208
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02348304
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024788
IRS990/PYOtherExpensesAmt01250964
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01911626
IRS990/PYRevenuesLessExpensesAmt01324249
IRS990/PYSalariesCompEmpBnftPaidAmt01709505
IRS990/PYTotalExpensesAmt02960469
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04284718
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01892852
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04306808
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07153072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02951531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02348304
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01685042
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01777910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04934024

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,996,899
Liabilities
$38,970,083
Net assets
$14,026,816
Revenue
$5,273,363
Expenses
$3,380,511
Net income
$1,892,852
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.9$32.2$39.7$12.3$3.91$8.34
2024Detailed filing. Detailed filing data is available for this year.$62.6$31.1$31.5$7.33$3.34$3.99
2023Detailed filing. Detailed filing data is available for this year.$51.0$22.8$28.2$3.37$3.33$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.0$23.8$28.3$5.30$3.16$2.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.6$25.6$26.0$8.30$4.03$4.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.4$39.5$21.9$3.53$3.45$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.2$38.4$21.8$7.57$4.57$3.00
2018Detailed filing. Detailed filing data is available for this year.$60.0$41.2$18.8$6.02$4.05$1.97
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.1$39.3$16.8$6.61$3.87$2.74
2016Detailed filing. Detailed filing data is available for this year.$53.7$39.6$14.1$4.32$4.29$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.4$39.3$14.0$4.05$4.04$0.02
2014Detailed filing. Detailed filing data is available for this year.$53.0$39.0$14.0$5.27$3.38$1.89
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$35.0$12.1$4.28$2.96$1.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$35.1$10.8$2.81
2011Summary only. Only limited summary data is available for this year.$45.8$35.8$9.99$4.77$3.81$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$23.5$9.02$5.97