Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2022 • EIN 06-1276156

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 21, 2022

Organization ProfileWWW.HDFCONNECTS.ORG

View Organization Page

100 Prospect Street 100Stamford, CT 06901

(203) 969-1830

Siviq Scores

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

Liabilities / Assets

69th percentile

0.46x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

4.48x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

33rd percentile

$262,404

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

55th percentile

0.7%

Faster asset growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-36%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$52,033,074

Up $385,374 (+0.7%) from 2021

Net Assets

Up

$28,255,265

Up $2,215,350 (+8.5%) from 2021

Liabilities

Down

$23,777,809

Down $1,829,976 (-7.1%) from 2021

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin86th percentile

Revenue

Down

$5,301,670

Down $3,000,387 (-36%) from 2021

Expenses

Down

$3,161,206

Down $865,556 (-21%) from 2021

Net Income

Down

$2,140,464

Down $2,134,831 (-50%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth55th 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

2022

Assets$52,033,074
Liabilities$23,777,809
Net Assets$28,255,265
Open 2022 Filing

Operations Trend

Revenue Growth11th 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

2022

Revenue$5,301,670
Expenses$3,161,206
Net Income$2,140,464
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 21, 2022
Return Version
2021v4.2
Gross Receipts
$5,323,126
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$36,124,379$32,987,669▼ $3,136,710
Savings and Temporary Cash Investments$7,033,033$8,299,394▲ $1,266,361
Land, Buildings, and Equipment, Net$1,262,116$1,226,236▼ $35,880
Investments Other Securities$1,138,473--
Cash and Non-Interest-Bearing Accounts$476,501$413,374▼ $63,127
Accounts Receivable$213,841$157,465▼ $56,376
Investments in Publicly Traded Securities$150,462--
Prepaid Expenses and Deferred Charges$79,407$91,355▲ $11,948
Total Assets$51,647,700$52,033,074▲ $385,374
Other Assets Total$5,169,488$8,857,581▲ $3,688,093
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,929,339$18,153,998▼ $1,775,341
Unsecured Notes Loans Payable$5,000,000$5,000,000→ $0
Accounts Payable and Accrued Expenses$495,199$446,625▼ $48,574
Other Liabilities$183,247$177,186▼ $6,061
Total Liabilities$25,607,785$23,777,809▼ $1,829,976
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,993,800$26,931,999▲ $2,938,199
Net Assets With Donor Restrictions$2,046,115$1,323,266▼ $722,849
Total Net Assets Fund Balance$26,039,915$28,255,265▲ $2,215,350
Total Liabilities and Net Assets / Fund Balance$51,647,700$52,033,074▲ $385,374

Asset Categories

AssetBook ValueDepreciationBasis
Land$651,969-$651,969
Leasehold Improvements$362,266$185,974$548,240
Buildings$183,626$23,477$207,103
Equipment$28,375$23,192$51,567
Investment Program Related Org$32,987,669--
Other Assets Org$5,763,405--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$428,755--$428,755-
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
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CartyPresident & CEOFT$254,100$8,304$262,404
Gina DelanoInterim CFOPT$145,343$882$146,225

Board Members and Trustees

NameTitle
Clay FowlerChair
Michael WeinstockVice Chair
Barbara KellyBoard Member
Charles HowellBoard Member
Kathleen RomagnanoBoard Member
Marjan MurrayBoard Member
Michael ChambersBoard Member
Michael HunterBoard Member
Scott GerardBoard Member
Willard MileyBoard Member
Matthew QuinonesBoard Member (until 01/2022)
Lisa SandersAssistant Treasurer
Annie LazarusSecretary
Bert HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,121,786
Program Service Revenue
$2,110,723
Investment Income
$90,617
Other Revenue
$-21,456
All Other Contributions
$123,033
Change in Net Assets
$2,140,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,052,655
Other Expenses$1,108,551
Total Fundraising Expense$261,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$718,639$416,795$122,001$1,257,435
Interest$466,917--$466,917
Current Officers, Directors, Trustees, and Key Employees$327,048$90,316$37,334$454,698
Payroll Taxes$114,100$63,400$16,699$194,199
Fees for Services Other$53,221$38,264$18,571$110,056
Information Technology$45,880$38,862$20,549$105,291
Occupancy$60,775$26,422$879$88,076
Other Employee Benefits$33,968$39,086$11,363$84,417
Insurance$43,555$14,156$6,438$64,149
Office Expenses$43,677$16,850$2,972$63,499
Pension Plan Contributions$26,883$26,930$8,093$61,906
Fees for Services Accounting-$53,275-$53,275
Depreciation Depletion$26,097$6,924$2,859$35,880
Other Expenses$7,422$15,486$3,648$26,556
Fees for Services Legal-$23,357-$23,357
Advertising$156$324$9,824$10,304
Total Functional Expenses$2,026,887$873,089$261,230$3,161,206
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,456
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hdf Annual Breakfast$71,575-$21,456-
Total Events$71,575-$21,456$-21,456
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$44,464
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Grant Advance$177,186
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 100, STAMFORD, CT 06901

Signing Officer

Name
Joan Carty
Title
President and CEO
Phone
2039691830
Signed
2022-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Carty
Formed
1989
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
13
Employees
29
Volunteers
13

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. During fiscal year 2022, the organization negotiated the release of the stamford development corporation endowment fund to net assets without donor restrictions.”

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, 2022. The organization's information returns are subject to examination by the federal and state jurisdictions.”

Raw XML AppendixShowing 400 of 668 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/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/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER (UNTIL 01/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15INTERIM CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt071575
IRS990/FundraisingDirectExpensesAmt021456
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt02927178
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05323126
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt020549
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt038862
IRS990/InformationTechnologyGrp/ProgramServicesAmt045880
IRS990/InformationTechnologyGrp/TotalAmt0105291
IRS990/InsuranceGrp/FundraisingAmt06438
IRS990/InsuranceGrp/ManagementAndGeneralAmt014156
IRS990/InsuranceGrp/ProgramServicesAmt043555
IRS990/InsuranceGrp/TotalAmt064149
IRS990/InterestGrp/ProgramServicesAmt0466917
IRS990/InterestGrp/TotalAmt0466917
IRS990/InvestmentIncomeGrp/ExclusionAmt090617
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt090617
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01138473
IRS990/InvestmentsProgramRelatedGrp/BOYAmt036124379
IRS990/InvestmentsProgramRelatedGrp/EOYAmt032987669
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0150462
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0232643
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01262116
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01226236
IRS990/LandBldgEquipCostOrOtherBssAmt01458879
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019929339
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt018153998
IRS990/NetAssetsOrFundBalancesBOYAmt026039915
IRS990/NetAssetsOrFundBalancesEOYAmt028255265
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-21456
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-21456
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt074886
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt023993800
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt026931999
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0879
IRS990/OccupancyGrp/ManagementAndGeneralAmt026422
IRS990/OccupancyGrp/ProgramServicesAmt060775
IRS990/OccupancyGrp/TotalAmt088076
IRS990/OfficeExpensesGrp/FundraisingAmt02972
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016850
IRS990/OfficeExpensesGrp/ProgramServicesAmt043677
IRS990/OfficeExpensesGrp/TotalAmt063499
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05169488
IRS990/OtherAssetsTotalGrp/EOYAmt08857581
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011363
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039086
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033968
IRS990/OtherEmployeeBenefitsGrp/TotalAmt084417
IRS990/OtherExpensesGrp/Desc0LENDING RELATED EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt03648
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02642
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115486
IRS990/OtherExpensesGrp/ProgramServicesAmt058549
IRS990/OtherExpensesGrp/ProgramServicesAmt17422
IRS990/OtherExpensesGrp/TotalAmt061191
IRS990/OtherExpensesGrp/TotalAmt126556
IRS990/OtherLiabilitiesGrp/BOYAmt0183247
IRS990/OtherLiabilitiesGrp/EOYAmt0177186
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0122001
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0416795
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0718639
IRS990/OtherSalariesAndWagesGrp/TotalAmt01257435
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt016699
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt063400
IRS990/PayrollTaxesGrp/ProgramServicesAmt0114100
IRS990/PayrollTaxesGrp/TotalAmt0194199
IRS990/PensionPlanContributionsGrp/FundraisingAmt08093
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt026930
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026883
IRS990/PensionPlanContributionsGrp/TotalAmt061906
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt079407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt091355
IRS990/PrincipalOfficerNm0JOAN CARTY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTS AND FEES
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc3LOAN LOSS RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc4FEE FOR SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01140417
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1332884
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2250000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3211141
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4126300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01140417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1332884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2250000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3211141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4126300
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/ExpenseAmt0458263
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/ExpenseAmt0922011
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02110723
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROPERTY 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/ExpenseAmt026101
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06044261
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0855872
IRS990/PYInvestmentIncomeAmt087580
IRS990/PYOtherExpensesAmt01120011
IRS990/PYOtherRevenueAmt0-21626
IRS990/PYProgramServiceRevenueAmt02191842
IRS990/PYRevenuesLessExpensesAmt04275295
IRS990/PYSalariesCompEmpBnftPaidAmt02050879
IRS990/PYTotalExpensesAmt04026762
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08302057
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02140464
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07033033
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08299394
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE AMOUNTS INCLUDED AS OTHER INCOME INCLUDE MISCELLANEOUS ITEMS OF INCOME THAT DO NOT MEET THE CRITERIA TO BE PRESENTED ON ANY OF THE OTHER LINES OF PART II OF THIS FORM.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, SECTION B, LINE 10:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03121786
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06044261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01704727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05454893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04105011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020430678
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt090617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt096700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0103998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0129804
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt073734
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0494853
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09890980

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,033,074
Liabilities
$23,777,809
Net assets
$28,255,265
Revenue
$5,301,670
Expenses
$3,161,206
Net income
$2,140,464
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
2022Detailed filing. Detailed filing data is available for this year.$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