Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2023 • EIN 06-1276156

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 15, 2024

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

67th percentile

0.45x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

6.76x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

43rd percentile

1.2%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

36th percentile

$279,829

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

19th percentile

-2.1%

Faster asset growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$50,956,580

Down $1,076,494 (-2.1%) from 2022

Net Assets

Down

$28,185,219

Down $70,046 (-0.2%) from 2022

Liabilities

Down

$22,771,361

Down $1,006,448 (-4.2%) from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin43rd percentile

Revenue

Down

$3,366,920

Down $1,934,750 (-36%) from 2022

Expenses

Up

$3,327,155

Up $165,949 (+5.2%) from 2022

Net Income

Down

$39,765

Down $2,100,699 (-98%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2023

Assets$50,956,580
Liabilities$22,771,361
Net Assets$28,185,219
Open 2023 Filing

Operations Trend

Revenue Growth9th 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

2023

Revenue$3,366,920
Expenses$3,327,155
Net Income$39,765
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 15, 2024
Return Version
2022v5.0
Gross Receipts
$3,408,284
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$32,987,669$34,871,789▲ $1,884,120
Savings and Temporary Cash Investments$8,299,394$10,297,205▲ $1,997,811
Land, Buildings, and Equipment, Net$1,226,236$1,189,166▼ $37,070
Cash and Non-Interest-Bearing Accounts$413,374$488,195▲ $74,821
Accounts Receivable$157,465$256,584▲ $99,119
Prepaid Expenses and Deferred Charges$91,355$97,677▲ $6,322
Total Assets$52,033,074$50,956,580▼ $1,076,494
Other Assets Total$8,857,581$3,755,964▼ $5,101,617
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,153,998$17,517,420▼ $636,578
Unsecured Notes Loans Payable$5,000,000$5,000,000→ $0
Accounts Payable and Accrued Expenses$446,625$215,413▼ $231,212
Other Liabilities$177,186$38,528▼ $138,658
Total Liabilities$23,777,809$22,771,361▼ $1,006,448
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,931,999$27,345,659▲ $413,660
Net Assets With Donor Restrictions$1,323,266$839,560▼ $483,706
Total Net Assets Fund Balance$28,255,265$28,185,219▼ $70,046
Total Liabilities and Net Assets / Fund Balance$52,033,074$50,956,580▼ $1,076,494

Asset Categories

AssetBook ValueDepreciationBasis
Land$651,969-$651,969
Leasehold Improvements$348,560$199,680$548,240
Buildings$176,095$31,008$207,103
Equipment$12,542$34,208$46,750
Investment Program Related Org$34,871,789--
Other Assets Org$596,178--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CartyPresident & CEO (until 5/2023)FT$254,100$25,729$279,829
Gina DelanoInterim CFO (until 6/2023)PT$145,343$5,290$150,633

Board Members and Trustees

NameTitle
Clay FowlerChair
Kiley GosselinPresident & CEO
Michael WeinstockVice Chair
Barbara KellyBoard Member
Charles HowellBoard Member
Kathleen RomagnanoBoard Member
Marjan MurrayBoard Member
Michael ChambersBoard Member
Willard MileyBoard Member
Lisa SandersAssistant Treasurer (until 1/2023)
Annie LazarusSecretary
Michael HunterTreasurer
Bert HunterTreasurer (until 12/2022)
Revenue and Support

Revenue Composition

Contributions and Grants
$873,626
Program Service Revenue
$2,191,169
Investment Income
$343,489
Other Revenue
$-41,364
All Other Contributions
$247,902
Change in Net Assets
$39,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,183,822
Other Expenses$1,143,333
Total Fundraising Expense$263,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$722,304$398,678$118,451$1,239,433
Current Officers, Directors, Trustees, and Key Employees$416,278$104,320$53,131$573,729
Interest$406,717--$406,717
Payroll Taxes$96,732$99,338$17,605$213,675
Fees for Services Other$44,256$68,072$18,151$130,479
Information Technology$56,167$59,243$12,722$128,132
Occupancy$81,948$16,187$11,626$109,761
Other Employee Benefits$28,512$56,167$2,939$87,618
Office Expenses$59,918$21,248$4,889$86,055
Insurance$55,181$15,775$7,814$78,770
Pension Plan Contributions$29,972$35,864$3,531$69,367
Fees for Services Accounting-$48,400-$48,400
Depreciation Depletion$27,317$6,852$2,901$37,070
Other Expenses$23,771$6,253$3,383$33,407
Fees for Services Legal-$19,561-$19,561
Advertising$429$82$6,399$6,910
Total Functional Expenses$2,107,573$956,040$263,542$3,327,155
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$41,364
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hdf Annual Breakfast$76,650-$41,364-
Total Events$76,650-$41,364$-41,364
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$49,273
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Grant Advance$38,528
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
Yes
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 A, Line 4

“The board of directors at the housing development fund, inc., at its meeting on june 29, 2023, at which a quorum was present, resolved that section 6 of the bylaws of housing development fund, inc., as amended march 25, 2011, will be further amended to state that "a majority of directors shall constitute a quorum for the transaction of business" thereby replacing the existing requirement that nine directors shall constitute a quorum for the transaction of business.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed and approved by the ceo and director of audit and internal controls. The form 990 is then distributed to the board of directors prior to filing with the irs.”

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
Kiley Gosselin
Title
President and CEO
Phone
2039691830
Signed
2024-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kiley Gosselin
Formed
1989
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
10
Employees
27
Volunteers
10

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 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, 2023. The organization's information returns are subject to examination by the federal and state jurisdictions.”

Raw XML AppendixShowing 400 of 656 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/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/TitleTxt0PRESIDENT & CEO (UNTIL 5/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt1INTERIM CFO (UNTIL 6/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER (UNTIL 12/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSISTANT TREASURER (UNTIL 1/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt076650
IRS990/FundraisingDirectExpensesAmt041364
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0549074
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03408284
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt012722
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt059243
IRS990/InformationTechnologyGrp/ProgramServicesAmt056167
IRS990/InformationTechnologyGrp/TotalAmt0128132
IRS990/InsuranceGrp/FundraisingAmt07814
IRS990/InsuranceGrp/ManagementAndGeneralAmt015775
IRS990/InsuranceGrp/ProgramServicesAmt055181
IRS990/InsuranceGrp/TotalAmt078770
IRS990/InterestGrp/ProgramServicesAmt0406717
IRS990/InterestGrp/TotalAmt0406717
IRS990/InvestmentIncomeGrp/ExclusionAmt0343489
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0343489
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt032987669
IRS990/InvestmentsProgramRelatedGrp/EOYAmt034871789
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0264896
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01226236
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01189166
IRS990/LandBldgEquipCostOrOtherBssAmt01454062
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/BOYAmt018153998
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017517420
IRS990/NetAssetsOrFundBalancesBOYAmt028255265
IRS990/NetAssetsOrFundBalancesEOYAmt028185219
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-41364
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-41364
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-109811
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt026931999
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt027345659
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt011626
IRS990/OccupancyGrp/ManagementAndGeneralAmt016187
IRS990/OccupancyGrp/ProgramServicesAmt081948
IRS990/OccupancyGrp/TotalAmt0109761
IRS990/OfficeExpensesGrp/FundraisingAmt04889
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021248
IRS990/OfficeExpensesGrp/ProgramServicesAmt059918
IRS990/OfficeExpensesGrp/TotalAmt086055
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08857581
IRS990/OtherAssetsTotalGrp/EOYAmt03755964
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02939
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt056167
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028512
IRS990/OtherEmployeeBenefitsGrp/TotalAmt087618
IRS990/OtherExpensesGrp/Desc0LENDING RELATED EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt03383
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06253
IRS990/OtherExpensesGrp/ProgramServicesAmt058071
IRS990/OtherExpensesGrp/ProgramServicesAmt123771
IRS990/OtherExpensesGrp/TotalAmt058071
IRS990/OtherExpensesGrp/TotalAmt133407
IRS990/OtherLiabilitiesGrp/BOYAmt0177186
IRS990/OtherLiabilitiesGrp/EOYAmt038528
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0118451
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0398678
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0722304
IRS990/OtherSalariesAndWagesGrp/TotalAmt01239433
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt017605
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt099338
IRS990/PayrollTaxesGrp/ProgramServicesAmt096732
IRS990/PayrollTaxesGrp/TotalAmt0213675
IRS990/PensionPlanContributionsGrp/FundraisingAmt03531
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt035864
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt029972
IRS990/PensionPlanContributionsGrp/TotalAmt069367
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt091355
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt097677
IRS990/PrincipalOfficerNm0KILEY GOSSELIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4532000
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1LOAN LOSS RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc2CONTRACTS AND FEES
IRS990/ProgramServiceRevenueGrp/Desc3FEE FOR SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/Desc4RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01073980
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1538791
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2488973
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt351200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt438225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01073980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1538791
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2488973
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt351200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt438225
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/ExpenseAmt0520434
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/ExpenseAmt0875589
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02191169
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/ExpenseAmt044818
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03121786
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt090617
IRS990/PYOtherExpensesAmt01108551
IRS990/PYOtherRevenueAmt0-21456
IRS990/PYProgramServiceRevenueAmt02110723
IRS990/PYRevenuesLessExpensesAmt02140464
IRS990/PYSalariesCompEmpBnftPaidAmt02052655
IRS990/PYTotalExpensesAmt03161206
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05301670
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt039765
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08299394
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010297205
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/CurrentTaxYearAmt0873626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03121786
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06044261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01704727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05454893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017199293
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0343489
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt090617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt096700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0103998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0129804
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0764608
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt010228057
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01770
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06773
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08543
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85790
IRS990ScheduleA/PublicSupportPY170Pct00.84880
IRS990ScheduleA/PublicSupportTotal170Amt015418191
IRS990ScheduleA/SubstantialContributorsTotAmt01781102

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,956,580
Liabilities
$22,771,361
Net assets
$28,185,219
Revenue
$3,366,920
Expenses
$3,327,155
Net income
$39,765
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