Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2017 • EIN 06-1276156

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 07, 2017

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

80th percentile

0.70x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

5.94x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$289,333

Higher top officer pay than 40% of similar nonprofits.

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

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

44th percentile

4.4%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

53%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$56,088,049

Up $2,376,379 (+4.4%) from 2016

Net Assets

Up

$16,830,172

Up $2,758,220 (+20%) from 2016

Liabilities

Down

$39,257,877

Down $381,841 (-1.0%) from 2016

Revenue

Up

$6,614,585

Up $2,298,603 (+53%) from 2016

Expenses

Down

$3,871,067

Down $414,928 (-9.7%) from 2016

Net Income

Up

$2,743,518

Up $2,713,531 (+9049%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$56,088,049
Liabilities$39,257,877
Net Assets$16,830,172

Operations Trend

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

2017

Revenue$6,614,585
Expenses$3,871,067
Net Income$2,743,518
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 7, 2017
Return Version
2016v3.0
Gross Receipts
$6,625,014
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$28,009,065$30,012,416▲ $2,003,351
Savings and Temporary Cash Investments$7,924,188$7,482,692▼ $441,496
Investments in Publicly Traded Securities$3,020,617$3,873,332▲ $852,715
Accounts Receivable$601,069$794,409▲ $193,340
Land, Buildings, and Equipment, Net$497,516$473,969▼ $23,547
Prepaid Expenses and Deferred Charges$48,698$57,886▲ $9,188
Total Assets$53,711,670$56,088,049▲ $2,376,379
Other Assets Total$13,610,517$13,393,345▼ $217,172
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,776,138$21,606,512▲ $830,374
Other Liabilities$18,592,147$17,264,015▼ $1,328,132
Accounts Payable and Accrued Expenses$271,433$387,350▲ $115,917
Total Liabilities$39,639,718$39,257,877▼ $381,841
Net Assets / Fund Balance
Unrestricted Net Assets$10,275,904$12,321,729▲ $2,045,825
Temporarily Rstr Net Assets$1,857,293$3,234,088▲ $1,376,795
Permanently Rstr Net Assets$1,938,755$1,274,355▼ $664,400
Total Net Assets Fund Balance$14,071,952$16,830,172▲ $2,758,220
Total Liabilities and Net Assets / Fund Balance$53,711,670$56,088,049▲ $2,376,379

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$430,597$117,643$548,240
Equipment$43,372$207,585$250,957
Other Land Buildings$0--
Other Assets Org$13,270,728--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,938,755---$1,274,355
2015$1,488,755$450,000--$1,938,755
2014$1,063,755$425,000--$1,488,755
2013$863,755$200,000--$1,063,755
2012$628,755$235,000--$863,755
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CartyPresident and CEOFT$273,583$15,750$289,333

Board Members and Trustees

NameTitle
Clay FowlerChair
Robin GallagherVice-chair
Barbara KellyBoard Member
Charles HowellBoard Member
Claire FishmanBoard Member
Jack PenfieldBoard Member
Jessica FoggBoard Member
Luke ScottBoard Member
Margaret PowersBoard Member
Marjan MurrayBoard Member
Michael WeinstockBoard Member
Phillip MckainBoard Member
Reyno Giallongo JrBoard Member
Scott GerardBoard Member
Kathleen RomagnanoAssistant Secretary
Lisa SandersAssistant Treasurer
Al ShehadiSecretary
Bert HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,719,216
Program Service Revenue
$1,848,418
Investment Income
$46,951
Other Revenue
$0
All Other Contributions
$932,750
Change in Net Assets
$2,743,518

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,915,766
Revenue Not Reported on Financial Statements
$698,818
Revenue Not Reported on Form 990
$46,731
Other Revenue Adjustments
$698,818
Total Revenue per Audited Statements
$5,962,497
Total Revenue per Form 990
$6,614,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,347,574
Other Expenses$1,523,493
Total Fundraising Expense$253,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,073,772$367,996$172,533$1,614,301
Interest$407,388--$407,388
Current Officers, Directors, Trustees, and Key Employees$182,316$62,130$29,137$273,583
Other Employee Benefits$149,267$100,391$11,155$260,813
Payroll Taxes$132,538$59,705$6,634$198,877
Occupancy$58,069$35,348$3,928$97,345
Fees for Services Other$72,858$17,007$1,890$91,755
Office Expenses$51,069$29,652$3,295$84,016
Fees for Services Accounting$57,902$13,084$1,454$72,440
Other Expenses$36,706$12,463$2,523$49,169
Insurance$33,169$13,935$1,548$48,652
Depreciation Depletion$24,173$12,441$1,382$37,996
Travel$21,185$14,577$1,620$37,382
Advertising$2,334$20,572$2,286$25,192
Conferences and Meetings$13,896$9,494$1,055$24,445
All Other Expenses$8,408$3,103$12,597$24,108
Total Functional Expenses$2,823,427$794,603$253,037$3,871,067

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,871,066
Total Expenses per Audited Statements$3,204,277
Expenses per Audited Statements$3,172,248
Expenses Not Reported on Financial Statements$698,818
Other Expense Adjustments$698,818
Expenses Not Reported on Form 990$32,029
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,429
Fundraising Gross Income$10,429
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Hdf Breakfast$65,317$10,429$10,429$0
Total Events$65,317$10,429$10,429$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberMarket President of M&t BankNo$5,250,000
-Board MemberVp of Peoples Bank Participant in Hdf Sm and Mf Pools Annual CommitmentsNo$4,500,000
-Board MemberSvp of Webster Bank Participant in Hdf Sm and Mf Pools Annual CommitmentsNo$4,200,000
-Board MemberSvp of Newtown Savings Bank Annual CommitmentsNo$3,575,000
-Board MemberPresident First County Bank Participant in Hdf Sm and Mf Pools Annual CommitmentsNo$3,500,000
-Board MemberFormer President Savings Bank of Danbury Participant in Hdf Sm and Mf Pools Annual CommitmentsNo$3,020,000
-Board MemberTreasurer of Ct Green Bank a Loan Was Issued for the Macarthur Joint ProgramNo$90,000
-Board MemberPartner of Spinnaker, Part Owner of Bridgeport Building Where Hdf Leases SpaceNo$31,200
-Board MemberPartner of Madison Mott the Marketing Consultant for HdfNo$9,600
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Liabilities$13,270,728
Refundable Advances on Grants$2,938,495
Borrower Escrow Accounts$798,104
Deferred Compensation Obligation$256,688
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Part VI, Section B, Line 11B

The form 990 is first reviewed by the ceo and cfo and then the executive committee prior to filing.

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

Board members are required to sign conflict of interest forms annually.

Form 990, Part VI, Section B, Line 15

The compensation of the ceo is established by the executive 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 posted on website and are available upon request. Other documents are also made available on request.

Filing and Contact Details

Filer

Filer Name
Housing Development Fund Inc
EIN
06-1276156
Phone
2039691830
Address
100 PROSPECT ST-SUITE 100, STAMFORD, CT 06901

Signing Officer

Name
Joan Carty
Title
President and CEO
Phone
2039691830
Signed
2017-12-07

Organization Details

Principal Officer
Joan Carty
Formed
1989
Legal Domicile
Ct
Voting Board Members
18
Independent Board Members
18
Employees
32
Volunteers
0

Preparer

Firm
Cironefriedberg Llp
Address
855 MAIN STREET 6TH FLR, BRIDGEPORT, CT 06604
Preparer
David Zieff
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.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of direct benefits to donors 10,429.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Interest expense 407,388. Provision for loan losses 291,430.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of direct benefits to donors 10,429.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Interest expense 407,388. Provision for loan losses 291,430.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm9JACK PENFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm11AL SHEHADI
IRS990/Form990PartVIISectionAGrp/PersonNm12LUKE SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm13JOAN CARTY
IRS990/Form990PartVIISectionAGrp/PersonNm14CLAIRE FISHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15MARGARET POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm16KATHLEEN ROMAGNANO
IRS990/Form990PartVIISectionAGrp/PersonNm17BARBARA KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL WEINSTOCK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13273583
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
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/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt054888
IRS990/FundraisingDirectExpensesAmt010429
IRS990/FundraisingGrossIncomeAmt010429
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt03731578
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06625014
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt01548
IRS990/InsuranceGrp/ManagementAndGeneralAmt013935
IRS990/InsuranceGrp/ProgramServicesAmt033169
IRS990/InsuranceGrp/TotalAmt048652
IRS990/InterestGrp/ProgramServicesAmt0407388
IRS990/InterestGrp/TotalAmt0407388
IRS990/InvestmentIncomeGrp/ExclusionAmt046951
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt046951
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03020617
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03873332
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0325228
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0497516
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0473969
IRS990/LandBldgEquipCostOrOtherBssAmt0799197
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 ASSISTS HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt020776138
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt021606512
IRS990/NetAssetsOrFundBalancesBOYAmt014071952
IRS990/NetAssetsOrFundBalancesEOYAmt016830172
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt014702
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03928
IRS990/OccupancyGrp/ManagementAndGeneralAmt035348
IRS990/OccupancyGrp/ProgramServicesAmt058069
IRS990/OccupancyGrp/TotalAmt097345
IRS990/OfficeExpensesGrp/FundraisingAmt03295
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029652
IRS990/OfficeExpensesGrp/ProgramServicesAmt051069
IRS990/OfficeExpensesGrp/TotalAmt084016
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013610517
IRS990/OtherAssetsTotalGrp/EOYAmt013393345
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011155
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0100391
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0149267
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0260813
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1PARTNER AGENCY FEES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT LEASES AND MA
IRS990/OtherExpensesGrp/Desc3DUES, SUBSCRIPTIONS & M
IRS990/OtherExpensesGrp/FundraisingAmt02523
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022705
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112463
IRS990/OtherExpensesGrp/ProgramServicesAmt0291430
IRS990/OtherExpensesGrp/ProgramServicesAmt1125000
IRS990/OtherExpensesGrp/ProgramServicesAmt281947
IRS990/OtherExpensesGrp/ProgramServicesAmt336706
IRS990/OtherExpensesGrp/TotalAmt0291430
IRS990/OtherExpensesGrp/TotalAmt1125000
IRS990/OtherExpensesGrp/TotalAmt2107175
IRS990/OtherExpensesGrp/TotalAmt349169
IRS990/OtherLiabilitiesGrp/BOYAmt018592147
IRS990/OtherLiabilitiesGrp/EOYAmt017264015
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0172533
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0367996
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01073772
IRS990/OtherSalariesAndWagesGrp/TotalAmt01614301
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028009065
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt030012416
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06634
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt059705
IRS990/PayrollTaxesGrp/ProgramServicesAmt0132538
IRS990/PayrollTaxesGrp/TotalAmt0198877
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01938755
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01274355
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048698
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057886
IRS990/PrincipalOfficerNm0JOAN CARTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTS AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01292779
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1555639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01292779
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1555639
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/ExpenseAmt0559264
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0SHORE UP IS A STATE OF CONNECTICUT FUNDED LOW INTEREST LOAN PROGRAM WHICH PROVIDES FINANCING FOR PROPERTY OWNERS IN COASTAL MUNICIPALITIES LOCATED IN FLOOD ZONES VE OR AE OR REFINANCE PROPERTY ELEVATIONS. ADDITIONAL RETROFITTING FOR FLOOD PROTECTION AND WIND PROOFING ACTIVITIES CAN ALSO BE FINANCED.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt091485
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVISION FOR LOAN LOSSES - ESTIMATED LOSSES ON LOANS AND REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1MULTI-FAMILY HOUSING - PROVIDE CONSTRUCTION AND PERMANENT LOANS AND RELATED ASSISTANCE TO PROVIDERS OF MULTI FAMILY HOUSING TO ENABLE THEM TO EXPAND LOW AND MODERATE INCOME HOUSING OPPORTUNITIES FOR FAMILIES IN SOUTHWESTERN CT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2INTEREST EXPENSE
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0291430
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1326248
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2407388
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02461279
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040307
IRS990/PYOtherExpensesAmt01903612
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01814396
IRS990/PYRevenuesLessExpensesAmt029987
IRS990/PYSalariesCompEmpBnftPaidAmt02382383
IRS990/PYTotalExpensesAmt04285995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04315982
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02743518
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07924188
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07482692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04719216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02461279

Document Assets

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Filings

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
2017Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $50M-$100M nonprofits