Civic Intelligence

Housing Development Fund Inc.

990 • Fiscal year 2024 • EIN 06-1276156

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 20, 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

72nd percentile

0.50x

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

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

4.24x

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

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

91st percentile

54%

Higher net margin than 91% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$156,217

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

118%

Faster revenue growth than 93% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$62,649,637

Up $11,693,057 (+23%) from 2023

Net Assets

Up

$31,533,773

Up $3,348,554 (+12%) from 2023

Liabilities

Up

$31,115,864

Up $8,344,503 (+37%) from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin91st percentile

Revenue

Up

$7,334,851

Up $3,967,931 (+118%) from 2023

Expenses

Up

$3,342,616

Up $15,461 (+0.5%) from 2023

Net Income

Up

$3,992,235

Up $3,952,470 (+9940%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2024

Assets$62,649,637
Liabilities$31,115,864
Net Assets$31,533,773
Open 2024 Filing

Operations Trend

Revenue Growth93rd 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

2024

Revenue$7,334,851
Expenses$3,342,616
Net Income$3,992,235
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 20, 2024
Return Version
2023v5.1
Gross Receipts
$7,347,552
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$34,871,789$40,654,173▲ $5,782,384
Savings and Temporary Cash Investments$10,297,205$12,572,288▲ $2,275,083
Land, Buildings, and Equipment, Net$1,189,166$1,174,959▼ $14,207
Pledges and Grants Receivable-$718,258-
Cash and Non-Interest-Bearing Accounts$488,195$408,414▼ $79,781
Accounts Receivable$256,584$191,447▼ $65,137
Prepaid Expenses and Deferred Charges$97,677$130,673▲ $32,996
Total Assets$50,956,580$62,649,637▲ $11,693,057
Other Assets Total$3,755,964$6,799,425▲ $3,043,461
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,517,420$22,605,072▲ $5,087,652
Unsecured Notes Loans Payable$5,000,000$5,000,000→ $0
Other Liabilities$38,528$3,235,000▲ $3,196,472
Accounts Payable and Accrued Expenses$215,413$275,792▲ $60,379
Total Liabilities$22,771,361$31,115,864▲ $8,344,503
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,345,659$28,082,060▲ $736,401
Net Assets With Donor Restrictions$839,560$3,451,713▲ $2,612,153
Total Net Assets Fund Balance$28,185,219$31,533,773▲ $3,348,554
Total Liabilities and Net Assets / Fund Balance$50,956,580$62,649,637▲ $11,693,057

Asset Categories

AssetBook ValueDepreciationBasis
Land$651,969-$651,969
Leasehold Improvements$334,854$213,386$548,240
Buildings$168,564$38,539$207,103
Equipment$19,029$2,143$21,172
Other Land Buildings$543-$543
Investment Program Related Org$40,654,173--
Other Assets Org$326,961--
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kiley GosselinPresident & CEOFT$137,083$19,134$156,217

Board Members and Trustees

NameTitle
Clay FowlerChair
Michael WeinstockVice Chair
Barbara KellyBoard Member
Carline CharmelusBoard Member
Kathleen RomagnanoBoard Member
Marjan MurrayBoard Member
Michael ChambersBoard Member
Phylicia AdamsBoard Member
Willard MileyBoard Member
Annie LazarusSecretary
Michael HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,036,604
Program Service Revenue
$1,752,103
Investment Income
$558,845
Other Revenue
$-12,701
All Other Contributions
$817,426
Change in Net Assets
$3,992,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,154,046
Other Expenses$1,188,570
Total Fundraising Expense$268,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$893,215$483,624$153,371$1,530,210
Interest$466,744--$466,744
Current Officers, Directors, Trustees, and Key Employees$174,405$67,079$26,831$268,315
Payroll Taxes$102,267$66,053$26,113$194,433
Information Technology$68,976$51,882$8,067$128,925
Office Expenses$56,282$42,290$4,423$102,995
Other Employee Benefits$33,782$45,476$9,618$88,876
Insurance$60,144$17,358$7,953$85,455
Pension Plan Contributions$32,755$31,804$7,653$72,212
Occupancy$51,422$19,608-$71,030
Fees for Services Accounting$39,493$23,484$6,563$69,540
Fees for Services Other$10,114$41,005$5,364$56,483
Depreciation Depletion$25,800$6,889$2,764$35,453
Fees for Services Legal$28,856$2,514-$31,370
Advertising$4,469-$8,188$12,657
Other Expenses$154$22,106$1,131$154
Total Functional Expenses$2,153,405$921,172$268,039$3,342,616
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,701
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hdf Annual Breakfast$56,670-$12,701-
Total Events$56,670-$12,701$-12,701
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$25,169
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Grant Advance$3,235,000
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 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
2024-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kiley Gosselin
Formed
1989
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
11
Employees
26
Volunteers
11

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Caitlin Limoges CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Cumulative adjustment from adoption of new credit loss standard -647,871.”

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, 2024. The organization's information returns are subject to examination by the federal and state jurisdictions.”

Raw XML AppendixShowing 400 of 616 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/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/FormationYr01989
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt056670
IRS990/FundraisingDirectExpensesAmt012701
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt04162508
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07347552
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt08067
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt051882
IRS990/InformationTechnologyGrp/ProgramServicesAmt068976
IRS990/InformationTechnologyGrp/TotalAmt0128925
IRS990/InsuranceGrp/FundraisingAmt07953
IRS990/InsuranceGrp/ManagementAndGeneralAmt017358
IRS990/InsuranceGrp/ProgramServicesAmt060144
IRS990/InsuranceGrp/TotalAmt085455
IRS990/InterestGrp/ProgramServicesAmt0466744
IRS990/InterestGrp/TotalAmt0466744
IRS990/InvestmentIncomeGrp/ExclusionAmt0558845
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0558845
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt034871789
IRS990/InvestmentsProgramRelatedGrp/EOYAmt040654173
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0254068
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01189166
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01174959
IRS990/LandBldgEquipCostOrOtherBssAmt01429027
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/BOYAmt017517420
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt022605072
IRS990/NetAssetsOrFundBalancesBOYAmt028185219
IRS990/NetAssetsOrFundBalancesEOYAmt031533773
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-12701
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-12701
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04190
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt027345659
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt028082060
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019608
IRS990/OccupancyGrp/ProgramServicesAmt051422
IRS990/OccupancyGrp/TotalAmt071030
IRS990/OfficeExpensesGrp/FundraisingAmt04423
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt042290
IRS990/OfficeExpensesGrp/ProgramServicesAmt056282
IRS990/OfficeExpensesGrp/TotalAmt0102995
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03755964
IRS990/OtherAssetsTotalGrp/EOYAmt06799425
IRS990/OtherChangesInNetAssetsAmt0-647871
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09618
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt045476
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033782
IRS990/OtherEmployeeBenefitsGrp/TotalAmt088876
IRS990/OtherExpensesGrp/Desc0LENDING RELATED EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3EVENT EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt01131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022106
IRS990/OtherExpensesGrp/ProgramServicesAmt060231
IRS990/OtherExpensesGrp/ProgramServicesAmt111658
IRS990/OtherExpensesGrp/ProgramServicesAmt232638
IRS990/OtherExpensesGrp/ProgramServicesAmt3154
IRS990/OtherExpensesGrp/TotalAmt060231
IRS990/OtherExpensesGrp/TotalAmt134895
IRS990/OtherExpensesGrp/TotalAmt232638
IRS990/OtherExpensesGrp/TotalAmt3154
IRS990/OtherLiabilitiesGrp/BOYAmt038528
IRS990/OtherLiabilitiesGrp/EOYAmt03235000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0153371
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0483624
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0893215
IRS990/OtherSalariesAndWagesGrp/TotalAmt01530210
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt026113
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt066053
IRS990/PayrollTaxesGrp/ProgramServicesAmt0102267
IRS990/PayrollTaxesGrp/TotalAmt0194433
IRS990/PensionPlanContributionsGrp/FundraisingAmt07653
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt031804
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt032755
IRS990/PensionPlanContributionsGrp/TotalAmt072212
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0718258
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097677
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0130673
IRS990/PrincipalOfficerNm0KILEY GOSSELIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTS AND FEES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LOAN LOSS RECOVERY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01247890
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1445024
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt248470
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310719
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01247890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1445024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt248470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310719
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/ExpenseAmt0561944
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/ExpenseAmt0911018
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01752103
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/ExpenseAmt032876
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0873626
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0343489
IRS990/PYOtherExpensesAmt01143333
IRS990/PYOtherRevenueAmt0-41364
IRS990/PYProgramServiceRevenueAmt02191169
IRS990/PYRevenuesLessExpensesAmt039765
IRS990/PYSalariesCompEmpBnftPaidAmt02183822
IRS990/PYTotalExpensesAmt03327155
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03366920
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03992235
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010297205
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012572288
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/CurrentTaxYearAmt05036604
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0873626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03121786
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06044261
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01704727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016781004
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0558845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0343489
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt090617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt096700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0103998
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01193649
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09969756
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01770
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01770
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89790
IRS990ScheduleA/PublicSupportPY170Pct00.85790
IRS990ScheduleA/PublicSupportTotal170Amt016140532
IRS990ScheduleA/SubstantialContributorsTotAmt0640472
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05036604
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0873626
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03121786
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06044261
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01704727
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016781004
IRS990ScheduleA/TotalSupportAmt017976423
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0168564
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038539
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0207103
IRS990ScheduleD/EquipmentGrp/BookValueAmt019029

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,649,637
Liabilities
$31,115,864
Net assets
$31,533,773
Revenue
$7,334,851
Expenses
$3,342,616
Net income
$3,992,235
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