Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2020 • EIN 06-1276156

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 10, 2020

Organization ProfileWWW.HDFCONNECTS.ORG

View Organization Page

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.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

11.17x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

44th percentile

2.2%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$437,618

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

34th percentile

1.9%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$61,419,506

Up $1,172,175 (+1.9%) from 2019

Net Assets

Up

$21,947,854

Up $127,383 (+0.6%) from 2019

Liabilities

Up

$39,471,652

Up $1,044,792 (+2.7%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin44th percentile

Revenue

Down

$3,532,564

Down $4,041,222 (-53%) from 2019

Expenses

Down

$3,453,871

Down $1,119,698 (-24%) from 2019

Net Income

Down

$78,693

Down $2,921,524 (-97%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2020

Assets$61,419,506
Liabilities$39,471,652
Net Assets$21,947,854
Open 2020 Filing

Operations Trend

Revenue Growth4th 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

2020

Revenue$3,532,564
Expenses$3,453,871
Net Income$78,693
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 10, 2020
Return Version
2019v5.1
Gross Receipts
$3,532,564
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$35,521,936$36,656,277▲ $1,134,341
Savings and Temporary Cash Investments$7,197,645$7,135,998▼ $61,647
Land, Buildings, and Equipment, Net$1,662,689$1,986,118▲ $323,429
Investments in Publicly Traded Securities$2,063,540$1,889,904▼ $173,636
Accounts Receivable$786,516$983,566▲ $197,050
Prepaid Expenses and Deferred Charges$54,957$82,920▲ $27,963
Total Assets$60,247,331$61,419,506▲ $1,172,175
Other Assets Total$12,960,048$12,684,723▼ $275,325
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,950,438$23,810,465▼ $139,973
Other Liabilities$14,099,605$15,057,503▲ $957,898
Accounts Payable and Accrued Expenses$376,817$566,684▲ $189,867
Deferred Revenue-$37,000-
Total Liabilities$38,426,860$39,471,652▲ $1,044,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,150,291$19,667,154▲ $516,863
Net Assets With Donor Restrictions$2,670,180$2,280,700▼ $389,480
Total Net Assets Fund Balance$21,820,471$21,947,854▲ $127,383
Total Liabilities and Net Assets / Fund Balance$60,247,331$61,419,506▲ $1,172,175

Asset Categories

AssetBook ValueDepreciationBasis
Land$910,150-$910,150
Leasehold Improvements$389,478$158,762$548,240
Other Land Buildings$351,000-$351,000
Buildings$322,627$16,316$338,943
Equipment$12,863$20,350$33,213
Other Assets Org$12,578,561--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$843,099---$843,099
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
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CartyPresident & CEOFT$246,408$191,210$437,618
Gina DelanoChief Financial OfficerFT$147,400-$147,400
Kelly AlmanzarDirector of Residential LendingFT$123,084-$123,084

Board Members and Trustees

NameTitle
Clay FowlerChair
Robin GallagherVice-chair
Annie LazarusBoard Member
Barbara KellyBoard Member
E Phillip MckainBoard Member
Kathleen RomagnanoBoard 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
$1,704,727
Program Service Revenue
$1,722,069
Investment Income
$103,998
Other Revenue
$1,770
All Other Contributions
$913,828
Change in Net Assets
$78,693

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,825,058
Revenue Not Reported on Financial Statements
$707,506
Revenue Not Reported on Form 990
$129,071
Other Revenue Adjustments
$707,506
Total Revenue per Audited Statements
$2,954,129
Total Revenue per Form 990
$3,532,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,089,719
Other Expenses$1,364,152
Total Fundraising Expense$277,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$810,977$155,987$127,399$1,094,363
Current Officers, Directors, Trustees, and Key Employees$415,056$79,834$65,202$560,092
Interest$410,737--$410,737
Other Employee Benefits$92,970$119,138$11,538$223,646
Payroll Taxes$156,809$41,844$12,965$211,618
Fees for Services Other$130,117$29,580$4,500$164,197
Occupancy$64,026$27,271$5,762$97,059
Office Expenses$48,762$11,247$3,853$63,862
Insurance$36,619$10,502$4,837$51,958
Depreciation Depletion$27,389$5,770$2,099$35,258
Other Expenses$25,017$4,545$4,032$33,594
All Other Expenses$16,263$6,736$9,900$32,899
Conferences and Meetings$4,684$4,655$2,825$12,164
Travel$8,471$2,664$630$11,765
Advertising$163$57$4,211$4,431
Total Functional Expenses$2,657,853$518,216$277,802$3,453,871

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,453,871
Total Expenses per Audited Statements$2,826,746
Expenses per Audited Statements$2,746,365
Expenses Not Reported on Financial Statements$707,506
Other Expense Adjustments$707,506
Expenses Not Reported on Form 990$80,381
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$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$12,578,561
Refundable Advances on Contribution$1,099,462
Borrower Escrow Accounts$983,681
Refundable Advances on Grants$314,292
Deferred Compensation Obligation$81,507
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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, final results and competitive salary review for similar positions.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted on hdf website and are available upon request. Any other documentation is 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
2020-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Carty
Formed
1989
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
32
Volunteers
0

Preparer

Firm
Cironefriedberg Llp
Address
6 RESEARCH DRIVE 450, SHELTON, CT 06484
Preparer
Sandra D Callanan
Phone
2033665876
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No change was made in the current year to its process of reviewing the audited financial statements by the finance committee.”

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 4B - OTHER ADJUSTMENTS:

“Interest expense 410,737. Provision for loan losses 296,769.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interest expense 410,737. Provision for loan losses 296,769.”

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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/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/ReportableCompFromOrgAmt15412692
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16147400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17123084
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 LENDING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt0120
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0790779
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03532564
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt04837
IRS990/InsuranceGrp/ManagementAndGeneralAmt010502
IRS990/InsuranceGrp/ProgramServicesAmt036619
IRS990/InsuranceGrp/TotalAmt051958
IRS990/InterestGrp/ProgramServicesAmt0410737
IRS990/InterestGrp/TotalAmt0410737
IRS990/InvestmentIncomeGrp/ExclusionAmt0103998
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0103998
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02063540
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01889904
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0195428
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01662689
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01986118
IRS990/LandBldgEquipCostOrOtherBssAmt02181546
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
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/BOYAmt023950438
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt023810465
IRS990/NetAssetsOrFundBalancesBOYAmt021820471
IRS990/NetAssetsOrFundBalancesEOYAmt021947854
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt048690
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt019150291
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019667154
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05762
IRS990/OccupancyGrp/ManagementAndGeneralAmt027271
IRS990/OccupancyGrp/ProgramServicesAmt064026
IRS990/OccupancyGrp/TotalAmt097059
IRS990/OfficeExpensesGrp/FundraisingAmt03853
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011247
IRS990/OfficeExpensesGrp/ProgramServicesAmt048762
IRS990/OfficeExpensesGrp/TotalAmt063862
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012960048
IRS990/OtherAssetsTotalGrp/EOYAmt012684723
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011538
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0119138
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt092970
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0223646
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT LEASES AND MA
IRS990/OtherExpensesGrp/Desc2PROPERTY MANAGEMENT FEE
IRS990/OtherExpensesGrp/Desc3DUES, SUBSCRIPTIONS & M
IRS990/OtherExpensesGrp/FundraisingAmt018049
IRS990/OtherExpensesGrp/FundraisingAmt14032
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018386
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14545
IRS990/OtherExpensesGrp/ProgramServicesAmt0296769
IRS990/OtherExpensesGrp/ProgramServicesAmt173634
IRS990/OtherExpensesGrp/ProgramServicesAmt239390
IRS990/OtherExpensesGrp/ProgramServicesAmt325017
IRS990/OtherExpensesGrp/TotalAmt0296769
IRS990/OtherExpensesGrp/TotalAmt1110069
IRS990/OtherExpensesGrp/TotalAmt239390
IRS990/OtherExpensesGrp/TotalAmt333594
IRS990/OtherLiabilitiesGrp/BOYAmt014099605
IRS990/OtherLiabilitiesGrp/EOYAmt015057503
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01770
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01770
IRS990/OtherRevenueTotalAmt01770
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0127399
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0155987
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0810977
IRS990/OtherSalariesAndWagesGrp/TotalAmt01094363
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035521936
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt036656277
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt012965
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041844
IRS990/PayrollTaxesGrp/ProgramServicesAmt0156809
IRS990/PayrollTaxesGrp/TotalAmt0211618
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054957
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt082920
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/RelatedOrExemptFuncIncomeAmt01188418
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1451416
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt282235
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01188418
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1451416
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt282235
IRS990/ProgSrvcAccomActy2Grp/Desc0HOMEBUYER ASSISTANCE COUNSELING - PROVIDE LOW INTEREST, FLEXIBLE FINANCING AND TECHNICAL ASSISTANCE TO DEVELOPERS BY PROVIDING HOMEBUYER ASSISTANCE FINANCING AND HOMEOWNERSHIP COUNSELING TO HOMEBUYERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0539102
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/ExpenseAmt0349728
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/ExpenseAmt0296769
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1410737
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2180653
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05454893
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0129804
IRS990/PYOtherExpensesAmt01883003
IRS990/PYOtherRevenueAmt06773
IRS990/PYProgramServiceRevenueAmt01982316
IRS990/PYRevenuesLessExpensesAmt03000217
IRS990/PYSalariesCompEmpBnftPaidAmt02690566
IRS990/PYTotalExpensesAmt04573569
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07573786
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt078693
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07197645
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07135998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01704727

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,419,506
Liabilities
$39,471,652
Net assets
$21,947,854
Revenue
$3,532,564
Expenses
$3,453,871
Net income
$78,693
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
2020Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $50M-$100M nonprofits