Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2019 • EIN 06-1276156

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 30, 2019

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

78th percentile

0.64x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

5.07x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$309,420

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

31st percentile

0.4%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

26%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$60,247,331

Up $247,297 (+0.4%) from 2018

Net Assets

Up

$21,820,471

Up $2,998,671 (+16%) from 2018

Liabilities

Down

$38,426,860

Down $2,751,374 (-6.7%) from 2018

Revenue

Up

$7,573,786

Up $1,554,309 (+26%) from 2018

Expenses

Up

$4,573,569

Up $523,825 (+13%) from 2018

Net Income

Up

$3,000,217

Up $1,030,484 (+52%) from 2018

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

2019

Assets$60,247,331
Liabilities$38,426,860
Net Assets$21,820,471

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

2019

Revenue$7,573,786
Expenses$4,573,569
Net Income$3,000,217
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 30, 2019
Return Version
2018v3.1
Gross Receipts
$7,601,874
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$33,891,865$35,521,936▲ $1,630,071
Savings and Temporary Cash Investments$8,840,550$7,197,645▼ $1,642,905
Investments in Publicly Traded Securities$2,795,516$2,063,540▼ $731,976
Land, Buildings, and Equipment, Net$439,920$1,662,689▲ $1,222,769
Accounts Receivable$786,285$786,516▲ $231
Prepaid Expenses and Deferred Charges$87,100$54,957▼ $32,143
Total Assets$60,000,034$60,247,331▲ $247,297
Other Assets Total$13,158,798$12,960,048▼ $198,750
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,730,181$23,950,438▼ $779,743
Other Liabilities$16,150,184$14,099,605▼ $2,050,579
Accounts Payable and Accrued Expenses$297,869$376,817▲ $78,948
Total Liabilities$41,178,234$38,426,860▼ $2,751,374
Net Assets / Fund Balance
Unrestricted Net Assets$16,149,224$19,150,291▲ $3,001,067
Temporarily Rstr Net Assets$1,651,901$1,827,081▲ $175,180
Permanently Rstr Net Assets$1,020,675$843,099▼ $177,576
Total Net Assets Fund Balance$18,821,800$21,820,471▲ $2,998,671
Total Liabilities and Net Assets / Fund Balance$60,000,034$60,247,331▲ $247,297

Asset Categories

AssetBook ValueDepreciationBasis
Land$910,150-$910,150
Leasehold Improvements$403,185$145,055$548,240
Buildings$326,986$4,270$331,256
Equipment$22,368$56,258$78,626
Other Assets Org$12,839,528--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,020,675---$843,099
2017$1,274,355---$1,020,675
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CartyPresident & CEOFT$284,920$24,500$309,420
Gina DelanoChief Financial OfficerFT$144,101-$144,101
Kelly AlmanzarDirector of Residential LeFT$117,460-$117,460

Board Members and Trustees

NameTitle
Clay FowlerChair
Robin GallagherVice-chair
Barbara KellyBoard Member
E Phillip MckainBoard Member
Kathleen RomagnanoBoard Member
Margaret PowersBoard Member
Marjan MurrayBoard Member
Matthew QuinonesBoard Member
Michael WeinstockBoard Member
Scott GerardBoard Member
Willard MileyBoard Member
Charles HowellAssistant Secretary
Lisa SandersAssistant Treasurer
Al ShehadiSecretary
Bert HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,454,893
Program Service Revenue
$1,982,316
Investment Income
$129,804
Other Revenue
$6,773
All Other Contributions
$4,214,231
Change in Net Assets
$3,000,217

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,616,971
Revenue Not Reported on Financial Statements
$956,815
Revenue Not Reported on Form 990
$32,042
Other Revenue Adjustments
$956,815
Total Revenue per Audited Statements
$6,649,013
Total Revenue per Form 990
$7,573,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,690,566
Other Expenses$1,883,003
Total Fundraising Expense$378,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,078,669$472,746$187,145$1,738,560
Interest$441,617--$441,617
Current Officers, Directors, Trustees, and Key Employees$266,164$116,693$46,162$429,019
Fees for Services Other$248,261$68,709$25,648$342,618
Other Employee Benefits$155,428$91,756$28,003$275,187
Payroll Taxes$152,025$67,401$28,374$247,800
Occupancy$63,242$27,000$9,322$99,564
Office Expenses$51,873$12,085$6,390$70,348
Insurance$39,169$10,082$5,547$54,798
Other Expenses$38,754$942$4,422$39,696
Travel$24,094$8,061$4,302$36,457
Depreciation Depletion$22,898$6,375$2,808$32,081
All Other Expenses$20,800$2,641$6,475$29,916
Advertising$4,738$3,205$14,468$22,411
Conferences and Meetings$10,255$9,386$751$20,392
Total Functional Expenses$3,270,592$924,150$378,827$4,573,569

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,573,569
Total Expenses per Audited Statements$3,650,342
Expenses per Audited Statements$3,616,754
Expenses Not Reported on Financial Statements$956,815
Other Expense Adjustments$956,815
Expenses Not Reported on Form 990$33,588
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,088
Fundraising Gross Income$28,088
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Hdf Breakfast$78,855$28,088$28,088$0
Total Events$78,855$28,088$28,088$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 MemberChief Investment Officer 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$36,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Liabilities$12,839,528
Borrower Escrow Accounts$786,828
Refundable Advances on Grants$277,074
Deferred Compensation Obligation$196,175
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The chairman of the board has outside banking relationships with several banks represented on the board.

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
2019-10-30

Organization Details

Principal Officer
Joan Carty
Formed
1989
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
37
Volunteers
0

Preparer

Firm
Cironefriedberg Llp
Address
6 RESEARCH DRIVE 450, SHELTON, CT 06484
Preparer
Sandra D Callanan
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 XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of direct benefit to donors 28,088.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Interest expense 441,617. Provision for loan losses 515,198.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of direct benefit to donors 28,088.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Interest expense 441,617. Provision for loan losses 515,198.

Raw XML AppendixShowing 400 of 689 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0297869
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0376817
IRS990/AccountsReceivableGrp/BOYAmt0786285
IRS990/AccountsReceivableGrp/EOYAmt0786516
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.
IRS990/AdvertisingGrp/FundraisingAmt014468
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03205
IRS990/AdvertisingGrp/ProgramServicesAmt04738
IRS990/AdvertisingGrp/TotalAmt022411
IRS990/AllOtherContributionsAmt04214231
IRS990/AllOtherExpensesGrp/FundraisingAmt06475
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02641
IRS990/AllOtherExpensesGrp/ProgramServicesAmt020800
IRS990/AllOtherExpensesGrp/TotalAmt029916
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0GINA DELANO
IRS990/BooksInCareOfDetail/PhoneNum02039691830
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 PROSPECT STREET SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0STAMFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006901
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt046162
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0116693
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0266164
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0429019
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt0751
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt09386
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt010255
IRS990/ConferencesMeetingsGrp/TotalAmt020392
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt050767
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05454893
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0129804
IRS990/CYOtherExpensesAmt01883003
IRS990/CYOtherRevenueAmt06773
IRS990/CYProgramServiceRevenueAmt01982316
IRS990/CYRevenuesLessExpensesAmt03000217
IRS990/CYSalariesCompEmpBnftPaidAmt02690566
IRS990/CYTotalExpensesAmt04573569
IRS990/CYTotalFundraisingExpenseAmt0378827
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07573786
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt02808
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt06375
IRS990/DepreciationDepletionGrp/ProgramServicesAmt022898
IRS990/DepreciationDepletionGrp/TotalAmt032081
IRS990/Desc0HOMEBUYER ASSISTANCE - UNDERWRITING HDF PROVIDES ASSISTANCE IN LOANS FOR DOWNPAYMENTS AND LOW INTEREST SECOND MORTGAGES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01250670
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesOtherGrp/FundraisingAmt025648
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt068709
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0248261
IRS990/FeesForServicesOtherGrp/TotalAmt0342618
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt08.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1524500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0CLAY FOWLER
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBIN GALLAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT GERARD
IRS990/Form990PartVIISectionAGrp/PersonNm3CHARLES HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm4BERT HUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLARD MILEY
IRS990/Form990PartVIISectionAGrp/PersonNm6BARBARA KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm7E PHILLIP MCKAIN
IRS990/Form990PartVIISectionAGrp/PersonNm8MARJAN MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm9MARGARET POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm10KATHLEEN ROMAGNANO
IRS990/Form990PartVIISectionAGrp/PersonNm11LISA SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm12MATTHEW QUINONES
IRS990/Form990PartVIISectionAGrp/PersonNm13AL SHEHADI
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL WEINSTOCK
IRS990/Form990PartVIISectionAGrp/PersonNm15JOAN CARTY
IRS990/Form990PartVIISectionAGrp/PersonNm16GINA DELANO
IRS990/Form990PartVIISectionAGrp/PersonNm17KELLY ALMANZAR
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/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15284920
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16144101
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17117460
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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
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/TitleTxt11ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF RESIDENTIAL LE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt050767
IRS990/FundraisingDirectExpensesAmt028088
IRS990/FundraisingGrossIncomeAmt028088
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt01189895
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07601874
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt05547
IRS990/InsuranceGrp/ManagementAndGeneralAmt010082
IRS990/InsuranceGrp/ProgramServicesAmt039169
IRS990/InsuranceGrp/TotalAmt054798
IRS990/InterestGrp/ProgramServicesAmt0441617
IRS990/InterestGrp/TotalAmt0441617
IRS990/InvestmentIncomeGrp/ExclusionAmt0129804
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0129804
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02795516
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02063540
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0205583
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0439920
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01662689
IRS990/LandBldgEquipCostOrOtherBssAmt01868272
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/BOYAmt024730181
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt023950438
IRS990/NetAssetsOrFundBalancesBOYAmt018821800
IRS990/NetAssetsOrFundBalancesEOYAmt021820471
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1546
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt09322
IRS990/OccupancyGrp/ManagementAndGeneralAmt027000
IRS990/OccupancyGrp/ProgramServicesAmt063242
IRS990/OccupancyGrp/TotalAmt099564
IRS990/OfficeExpensesGrp/FundraisingAmt06390
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012085
IRS990/OfficeExpensesGrp/ProgramServicesAmt051873
IRS990/OfficeExpensesGrp/TotalAmt070348
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013158798
IRS990/OtherAssetsTotalGrp/EOYAmt012960048
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt028003
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt091756
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0155428
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0275187
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT LEASES AND MA
IRS990/OtherExpensesGrp/Desc2DUES, SUBSCRIPTIONS & M
IRS990/OtherExpensesGrp/Desc3PROPERTY MANAGEMENT
IRS990/OtherExpensesGrp/FundraisingAmt09010
IRS990/OtherExpensesGrp/FundraisingAmt14422
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017408
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19660
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2942
IRS990/OtherExpensesGrp/ProgramServicesAmt0515198
IRS990/OtherExpensesGrp/ProgramServicesAmt1105486
IRS990/OtherExpensesGrp/ProgramServicesAmt231921
IRS990/OtherExpensesGrp/ProgramServicesAmt338754
IRS990/OtherExpensesGrp/TotalAmt0515198
IRS990/OtherExpensesGrp/TotalAmt1131904
IRS990/OtherExpensesGrp/TotalAmt246003
IRS990/OtherExpensesGrp/TotalAmt339696
IRS990/OtherLiabilitiesGrp/BOYAmt016150184
IRS990/OtherLiabilitiesGrp/EOYAmt014099605
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt06773
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06773
IRS990/OtherRevenueTotalAmt06773
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0187145
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0472746
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01078669
IRS990/OtherSalariesAndWagesGrp/TotalAmt01738560
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt033891865
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035521936
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt028374
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt067401
IRS990/PayrollTaxesGrp/ProgramServicesAmt0152025
IRS990/PayrollTaxesGrp/TotalAmt0247800
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01020675
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0843099
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt087100
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054957
IRS990/PrincipalOfficerNm0JOAN CARTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTS AND FEES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01273059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1667074
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01273059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1667074
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242183
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/ExpenseAmt0565585
IRS990/ProgSrvcAccomActy3Grp/Desc0MULTI-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/ProgSrvcAccomActy3Grp/ExpenseAmt0435460
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVISION FOR LOAN LOSSES - ESTIMATED LOSSES ON LOANS AND REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1INTEREST EXPENSE
IRS990/ProgSrvcAccomActyOtherGrp/Desc2PROPERTY MANAGEMENT - TO ATTRACT ALL POSSIBLE RENTERS WHO ARE THE LEAST LIKELY TO APPLY FOR AFFORDABLE HOUSING UNITS IN THE REGION. POSSIBLE RENTERS ARE SUBJECT TO CERTAIN STATE MEDIAN INCOME LIMITATIONS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0515198
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1441617
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt262062
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04105011
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt073734
IRS990/PYOtherExpensesAmt01755239
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01840732
IRS990/PYRevenuesLessExpensesAmt01969733
IRS990/PYSalariesCompEmpBnftPaidAmt02294505
IRS990/PYTotalExpensesAmt04049744
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06019477
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03000217
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08840550
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07197645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05454893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04105011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04719216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02461279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01936424
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018676823

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2019Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $50M-$100M nonprofits