Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2021 • EIN 06-1276156

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 10, 2022

100 Prospect Street No 100Stamford, CT 06901

(203) 969-1830

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.50x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

3.08x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

86th percentile

51%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

62nd percentile

$412,918

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

3rd percentile

-16%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

135%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Down

$51,647,700

Down $9,771,806 (-16%) from 2020

Net Assets

Up

$26,039,915

Up $4,092,061 (+19%) from 2020

Liabilities

Down

$25,607,785

Down $13,863,867 (-35%) from 2020

Revenue

Up

$8,302,057

Up $4,769,493 (+135%) from 2020

Expenses

Up

$4,026,762

Up $572,891 (+17%) from 2020

Net Income

Up

$4,275,295

Up $4,196,602 (+5333%) from 2020

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

2021

Assets$51,647,700
Liabilities$25,607,785
Net Assets$26,039,915

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

2021

Revenue$8,302,057
Expenses$4,026,762
Net Income$4,275,295
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.1
Gross Receipts
$8,706,148
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
Investments Program Related$36,656,277$36,124,379▼ $531,898
Savings and Temporary Cash Investments$3,801,770$7,033,033▲ $3,231,263
Land, Buildings, and Equipment, Net$1,635,118$1,262,116▼ $373,002
Investments Other Securities$1,321,707$1,138,473▼ $183,234
Cash and Non-Interest-Bearing Accounts$501,561$476,501▼ $25,060
Accounts Receivable$1,098,728$213,841▼ $884,887
Investments in Publicly Traded Securities$81,507$150,462▲ $68,955
Prepaid Expenses and Deferred Charges$82,920$79,407▼ $3,513
Total Assets$48,840,945$51,647,700▲ $2,806,755
Other Assets Total$3,661,357$5,169,488▲ $1,508,131
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,810,465$19,929,339▲ $1,118,874
Unsecured Notes Loans Payable$5,000,000$5,000,000→ $0
Accounts Payable and Accrued Expenses$510,883$495,199▼ $15,684
Other Liabilities$2,571,743$183,247▼ $2,388,496
Total Liabilities$26,893,091$25,607,785▼ $1,285,306
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,667,154$23,993,800▲ $4,326,646
Net Assets With Donor Restrictions$2,280,700$2,046,115▼ $234,585
Total Net Assets Fund Balance$21,947,854$26,039,915▲ $4,092,061
Total Liabilities and Net Assets / Fund Balance$48,840,945$51,647,700▲ $2,806,755

Asset Categories

AssetBook ValueDepreciationBasis
Land$651,969-$651,969
Leasehold Improvements$373,488$174,752$548,240
Buildings$190,415$16,688$207,103
Equipment$46,244$19,773$66,017
Investment Program Related Org$36,124,379--
Other Assets Org$323,694--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$843,099--$414,344$428,755
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CartyPresident & CEOFT$221,402$191,516$412,918
Gina DelanoCFO (until 5/2021)FT$135,082$8,595$143,677
Kelly AlmanzarDirector of Residential LendingFT$110,743$5,987$116,730
Alicia Peman-dupierDirector of Commercial LendingPT$101,839$655$102,494
Marvin MccarthyCFO (started 5/2021)FT-$43$43

Board Members and Trustees

NameTitle
Clay FowlerChair
Michael WeinstockVice Chair
Barbara KellyBoard Member
Charles HowellBoard Member
Kathleen RomagnanoBoard Member
Marjan MurrayBoard Member
Matthew QuinonesBoard Member
Scott GerardBoard Member
Willard MileyBoard Member
E Phillip MckainBoard Member (until 01/2021)
Al ShehadiBoard Member (until 03/2021)
Robin GallagherBoard Member (until 03/2021)
Lisa SandersAssistant Treasurer
Annie LazarusSecretary
Bert HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,044,261
Program Service Revenue
$2,191,842
Investment Income
$87,580
Other Revenue
$-21,626
All Other Contributions
$4,649,254
Change in Net Assets
$4,275,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,050,879
Other Expenses$1,120,011
Grants and Similar Amounts Paid$855,872
Total Fundraising Expense$237,969
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$816,038$288,063$117,474$1,221,575
Grants to Domestic Orgs$855,872--$855,872
Current Officers, Directors, Trustees, and Key Employees$333,719$110,074$32,388$476,181
Interest$412,669--$412,669
Payroll Taxes$131,728$40,854$17,612$190,194
Other Employee Benefits$72,605$57,118$10,061$139,784
Occupancy$92,497$24,780$3,217$120,494
Information Technology$72,068$21,002$21,460$114,530
Fees for Services Other$98,931-$6,480$105,411
Fees for Services Accounting-$79,874-$79,874
Office Expenses$45,189$31,082$3,549$79,820
Insurance$39,144$10,479$5,564$55,187
Other Expenses$19,610$7,003$8,677$35,290
Fees for Services Legal-$31,382-$31,382
Depreciation Depletion$27,238$779$2,388$30,405
Pension Plan Contributions$1,431$19,449$2,265$23,145
Advertising$147$70$5,792$6,009
Conferences and Meetings$258$2,485$1,042$3,785
Total Functional Expenses$3,064,299$724,494$237,969$4,026,762
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hdf Community Land Trust IncStamford, CT501(c)(3)To Facilitate the Development of Affordable Housing$855,872
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,476
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hdf Annual Breakfast$49,495-$23,476-
Total Events$49,495-$23,476$-23,476
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
Clay FowlerBoard MemberPartner of Spinnaker, Part Owner of Bridgeport Building Where Hdf Leases SpaceNo$43,176
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Grant Advance$183,247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 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 the organization's website and are available upon request. Any other documentation, such as the organization's governing documents and conflict of interest policy, 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 STREET NO 100, STAMFORD, CT 06901

Signing Officer

Name
Joan Carty
Title
President and CEO
Phone
2039691830
Signed
2022-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Carty
Formed
1989
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
12
Employees
30
Volunteers
12

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Andrew R Puricelli CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's finance committee assumes responsibility for oversight of the audit and for selecting an independent auditor.

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 america capital grant fund was used to provide loans for hdf's leap revolving loan fund. During fiscal year 2021, the organization was approved by neighborworks america to release the remaining balance of perpetually restricted funds.

PART X, LINE 2:

The organization accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the combined financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the combined financial statements at june 30, 2021. The organization's information returns are subject to examination by the federal and state jurisdictions.

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IRS990/Form990PartVIISectionAGrp/PersonNm10CHARLES HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm11SCOTT GERARD
IRS990/Form990PartVIISectionAGrp/PersonNm12BARBARA KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLARD MILEY
IRS990/Form990PartVIISectionAGrp/PersonNm14MARJAN MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm15KATHLEEN ROMAGNANO
IRS990/Form990PartVIISectionAGrp/PersonNm16MATTHEW QUINONES
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBIN GALLAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm18AL SHEHADI
IRS990/Form990PartVIISectionAGrp/PersonNm19E PHILLIP MCKAIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0381194
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1135082
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2110743
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3101839
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/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO (UNTIL 5/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF RESIDENTIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF COMMERCIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFO (STARTED 5/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER (UNTIL 03/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER (UNTIL 03/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER (UNTIL 01/2021)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt049495
IRS990/FundraisingDirectExpensesAmt023476
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt0-9120
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt01345512
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0855872
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0855872
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0371495
IRS990/GrossReceiptsAmt08706148
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt021460
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt021002
IRS990/InformationTechnologyGrp/ProgramServicesAmt072068
IRS990/InformationTechnologyGrp/TotalAmt0114530
IRS990/InsuranceGrp/FundraisingAmt05564
IRS990/InsuranceGrp/ManagementAndGeneralAmt010479
IRS990/InsuranceGrp/ProgramServicesAmt039144
IRS990/InsuranceGrp/TotalAmt055187
IRS990/InterestGrp/ProgramServicesAmt0412669
IRS990/InterestGrp/TotalAmt0412669
IRS990/InvestmentIncomeGrp/ExclusionAmt096700
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt096700
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01321707
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01138473
IRS990/InvestmentsProgramRelatedGrp/BOYAmt036656277
IRS990/InvestmentsProgramRelatedGrp/EOYAmt036124379
IRS990/InvestmentsPubTradedSecGrp/BOYAmt081507
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0150462
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0211213
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01635118
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01262116
IRS990/LandBldgEquipCostOrOtherBssAmt01473329
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0380615
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt018810465
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019929339
IRS990/NetAssetsOrFundBalancesBOYAmt021947854
IRS990/NetAssetsOrFundBalancesEOYAmt026039915
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-9120
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-9120
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-23476
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-23476
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-183234
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt019667154
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt023993800
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03217
IRS990/OccupancyGrp/ManagementAndGeneralAmt024780
IRS990/OccupancyGrp/ProgramServicesAmt092497
IRS990/OccupancyGrp/TotalAmt0120494
IRS990/OfficeExpensesGrp/FundraisingAmt03549
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031082
IRS990/OfficeExpensesGrp/ProgramServicesAmt045189
IRS990/OfficeExpensesGrp/TotalAmt079820
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03661357
IRS990/OtherAssetsTotalGrp/EOYAmt05169488
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010061
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057118
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt072605
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0139784
IRS990/OtherExpensesGrp/Desc0LENDING RELATED EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt08677
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07003
IRS990/OtherExpensesGrp/ProgramServicesAmt045155
IRS990/OtherExpensesGrp/ProgramServicesAmt119610
IRS990/OtherExpensesGrp/TotalAmt045155
IRS990/OtherExpensesGrp/TotalAmt135290
IRS990/OtherLiabilitiesGrp/BOYAmt02571743
IRS990/OtherLiabilitiesGrp/EOYAmt0183247
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01850
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01850
IRS990/OtherRevenueTotalAmt01850
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0117474
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0288063
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0816038
IRS990/OtherSalariesAndWagesGrp/TotalAmt01221575
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt017612
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040854
IRS990/PayrollTaxesGrp/ProgramServicesAmt0131728
IRS990/PayrollTaxesGrp/TotalAmt0190194
IRS990/PensionPlanContributionsGrp/FundraisingAmt02265
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019449
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01431
IRS990/PensionPlanContributionsGrp/TotalAmt023145
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082920
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079407
IRS990/PrincipalOfficerNm0JOAN CARTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4532000
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTS AND FEES
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc3FEE FOR SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/Desc4RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01235401
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1316750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2300000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3233500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt455207
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01235401
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1316750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2300000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3233500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt455207
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/ExpenseAmt0413134
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/ExpenseAmt01832638
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0855872

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
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. 2021 filings • 501(c)3 • $50M-$100M nonprofits