Civic Intelligence

The Hometown Foundation Inc

990 • Fiscal year 2015 • EIN 20-0847683

Oct 01, 2014 to Sep 30, 2015 • Filed on Apr 29, 2016

c/o Bert Condren 275 Schoolhouse RdCheshire, CT 06410

(203) 272-3511

Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

0.49x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

55th percentile

2.1%

Faster asset growth than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,022,274

Up $20,609 (+2.1%) from 2014

Net Assets

Up

$63,838

Up $64,018 (+35566%) from 2014

Liabilities

Down

$958,436

Down $43,409 (-4.3%) from 2014

Revenue

Up

$1,944,325

Up $392,527 (+25%) from 2014

Expenses

Up

$1,686,505

Up $389,086 (+30%) from 2014

Net Income

Up

$257,820

Up $3,441 (+1.4%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $260,464Liabilities 2011: $0Net Assets 2011: $260,4642011Assets 2012: $276,387Liabilities 2012: $11,530Net Assets 2012: $264,8572012Assets 2013: $397,286Liabilities 2013: $18,128Net Assets 2013: $379,1582013Assets 2014: $1,001,665Liabilities 2014: $1,001,845Net Assets 2014: -$1802014Assets 2015: $1,022,274Liabilities 2015: $958,436Net Assets 2015: $63,8382015Assets 2016: $1,173,482Liabilities 2016: $849,716Net Assets 2016: $323,7662016Assets 2017: $1,303,642Liabilities 2017: $943,000Net Assets 2017: $360,6422017Assets 2018: $1,616,664Liabilities 2018: $883,533Net Assets 2018: $733,1312018Assets 2019: $2,430,072Liabilities 2019: $886,758Net Assets 2019: $1,543,3142019Assets 2020: $2,624,181Liabilities 2020: $710,025Net Assets 2020: $1,914,1562020Assets 2021: $3,675,252Liabilities 2021: $771,392Net Assets 2021: $2,903,8602021Assets 2022: $4,638,062Liabilities 2022: $937,728Net Assets 2022: $3,700,3342022Assets 2023: $5,511,203Liabilities 2023: $919,379Net Assets 2023: $4,591,8242023Assets 2024: $7,753,134Liabilities 2024: $562,588Net Assets 2024: $7,190,5462024

Highlighted filing

2015

Assets$1,022,274
Liabilities$958,436
Net Assets$63,838

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $208,994Expenses 2011: $313,275Net Income 2011: -$104,2812011Revenue 2012: $326,606Expenses 2012: $310,683Net Income 2012: $15,9232012Revenue 2013: $704,955Expenses 2013: $584,056Net Income 2013: $120,8992013Revenue 2014: $1,551,798Expenses 2014: $1,297,419Net Income 2014: $254,3792014Revenue 2015: $1,944,325Expenses 2015: $1,686,505Net Income 2015: $257,8202015Revenue 2016: $1,836,319Expenses 2016: $1,584,837Net Income 2016: $251,4822016Revenue 2017: $1,586,247Expenses 2017: $1,479,581Net Income 2017: $106,6662017Revenue 2018: $2,060,351Expenses 2018: $1,755,369Net Income 2018: $304,9822018Revenue 2019: $2,652,796Expenses 2019: $1,985,562Net Income 2019: $667,2342019Revenue 2020: $2,114,666Expenses 2020: $1,851,774Net Income 2020: $262,8922020Revenue 2021: $2,959,154Expenses 2021: $1,961,832Net Income 2021: $997,3222021Revenue 2022: $3,709,489Expenses 2022: $2,744,141Net Income 2022: $965,3482022Revenue 2023: $4,447,184Expenses 2023: $3,564,306Net Income 2023: $882,8782023Revenue 2024: $6,377,548Expenses 2024: $4,368,868Net Income 2024: $2,008,6802024

Highlighted filing

2015

Revenue$1,944,325
Expenses$1,686,505
Net Income$257,820
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 29, 2016
Return Version
2014v6.0
Gross Receipts
$1,973,364
Mission and Program Overview

Mission

To support hometown pride by helping to bring communities together through interaction and involvement, combining forces to utilize the "wheels" program in an effort to give something back to our communities, clubs or assns. by supporting selected worthy causes involving children, cancer, diabetes, military personnel, and emergency response personnel.

Charitable foundation dedicated to enhancing the quality of life for children and families in their hometowns and surrounding communtities. The foundation has five key areas of interest: children, cancer, diabetes, military and emergency response personnel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$651,665$894,485▲ $242,820
Pledges and Grants Receivable$350,000$112,789▼ $237,211
Rtn Earn Endowment Incm Other Fnds$-180$63,838▲ $64,018
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,001,665$1,022,274▲ $20,609
Other Assets Total$0$15,000▲ $15,000
Liabilities
Grants Payable$986,276$948,669▼ $37,607
Accounts Payable and Accrued Expenses$15,569$9,767▼ $5,802
Total Liabilities$1,001,845$958,436▼ $43,409
Net Assets / Fund Balance
Total Net Assets Fund Balance$-180$63,838▲ $64,018
Total Liabilities and Net Assets / Fund Balance$1,001,665$1,022,274▲ $20,609
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel DeSantisDirector
Michael BozzutoPres & Director
Joseph CalvaneseV.Pres & Director
Juliana EspositoSecretary
Bert CondrenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,937,857
Program Service Revenue
$0
Investment Income
$187
Other Revenue
$6,281
Change in Net Assets
$257,820

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table51$518,005Fair Market Value (FMV) per donor
Total Noncash Contributions51$518,005-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,707,115
Revenue Not Reported on Financial Statements
$237,211
Revenue Not Reported on Form 990
$29,039
Other Revenue Adjustments
$237,211
Total Revenue per Audited Statements
$1,736,154
Total Revenue per Form 990
$1,944,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,096,258
Other Expenses$590,247
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,096,258--$1,096,258
Other Expenses$5,802$17,761-$5,802
Fees for Services Accounting-$4,850-$4,850
Fees for Services Legal-$2,907-$2,907
Insurance$875--$875
Advertising$500--$500
All Other Expenses$180--$180
Total Functional Expenses$1,660,987$25,518$0$1,686,505

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,686,506
Total Expenses per Audited Statements$1,672,136
Expenses per Audited Statements$1,648,899
Expenses Not Reported on Financial Statements$37,607
Other Expense Adjustments$37,607
Expenses Not Reported on Form 990$23,237
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Special Olympics IncWashington, DC501(c)(3)Assist charity in tax-exempt mission$969,019
Connecticut Children's Medical Center FoundationHartford, CT501(c)(3)To assist in the charitable purpose of the organization.$11,000
Kid Sanctuary Campus IncWest Palm Beach, FL501(c)(3)To assist in animal protection and welfare mission of charity$10,000
RMHC-CTMA Capital CampaignNew Haven, CT501(c)(3)To assist in the charitable purpose of the organization.$10,000
Self Help Africa IncNew York, NY501(c)(3)To assist in the charitable purpose of the organization.$10,000
The Michael Fux Foundation IncWest Long Beach, NJ501(c)(3)To assist charity in tackling hunger and poverty.$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$35,320
Gaming Direct Expenses$29,039
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Motorcycle Ride$1,937,857---
Total Events$1,937,857---
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
-Related Wholesale Distribution OrganizationContribution of $350,000 received from Bozzuto's, Inc.No$350,000
-Related Non-Profit OrganizationContribution of $15,000 received from Bozzuto's Sports Charity, Inc.No$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Three of the officers work for sponsoring corporation: Bozzuto's Inc.

Form 990, Part VI, Section B, line 11

The Form 990 is presented to the Board and reviewed by the President and/or Secretary prior to filing.

Form 990, Part VI, Section C, line 19

There is no formal process for making the Form 990 available to the public by this charity. A copy is retained at the organization and may be reviewed upon request. Through our filing with the Connecticut Department of Consumer Protection, this form is part of the public record under State of Connecticut law and is available for public inspection.

Filing and Contact Details

Filer

Filer Name
The Hometown Foundation Inc
EIN
20-0847683
Phone
2032723511
Address
c/o Bert Condren 275 Schoolhouse Rd, Cheshire, CT 06410

Signing Officer

Name
Michael Bozzuto
Title
President
Phone
2032723511
Signed
2016-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Bozzuto
Formed
2002
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Federman Lally & Remis LLC
Address
231 Farmington Ave, Farmington, CT 06032
Preparer
Robert V Lally
Phone
8606787100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Accrual to Cash adjustment - accrued expenses 5,802. Accrual to Cash adjustment - Pledges Rec & Pay -199,604.

Form 990, Part XII, Line 2C:

The financial statements were audited by an independent accountant.

Form 990

Late filing: First Time Exception request The current year Form 990 and related extension was prepared by an outside accounting firm. Under the current electronic filing mandates, and upon approval from the organization, the outside accounting firm prepared the extension to be electronically filed from their office. Hometown Foundation, Inc. typically requires an extension to file the Form 990 to allow time for the completion of the audited financial statements which are required to be attached to the Form 990. The taxpayer has always been timely and compliant, and this is a first time occurrence. Accordingly, the taxpayer requests penalty relief under first time abatement. The taxpayer has no prior penalties for the preceding three years and has filed all currently required returns. Reasonable Cause: The organization's accounting firm, upon starting the preparation of the Form 990 discovered that the electronic extension had not been accepted by the original due date of the return. The accounting firm intended and attempted to file the extension timely. However, the extension does not appear to have been processed and accepted. Based on this information and Reg. 301.6652-2(f), the Taxpayer respectfully requests that any late filing penalty due under IRC Secs. 6652(c)(1)(A) and 6652(c)(4) be waived for reasonable cause.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Direct Gaming expenses reflected on Part VIII Line 9b - $29,039

Part XI, Line 4B - Other Adjustments:

Change in Pledge Receivable - $237,211

Part XII, Line 2D - Other Adjustments:

Direct Gaming expenses reflected on Part VIII Line 9b - $29,039 Accrual to Cash adjustment - accrued expenses - ($5,802)

Part XII, Line 4B - Other Adjustments:

Change in Pledge Payable - $37,607

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01973177
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01578150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0726107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0346146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0227698
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04851278
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0315
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0772
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88030
IRS990ScheduleA/PublicSupportPY170Pct00.86950
IRS990ScheduleA/PublicSupportTotal170Amt04271078
IRS990ScheduleA/SubstantialContributorsTotAmt0580200
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01973177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01578150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0726107
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0346146
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0227698
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04851278
IRS990ScheduleA/TotalSupportAmt04852050
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/ExpensesNotReportedAmt023237
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt037607
IRS990ScheduleD/ExpensesSubtotalAmt01648899
IRS990ScheduleD/OtherExpensesIncludedAmt023237
IRS990ScheduleD/OtherExpensesNotIncludedAmt037607
IRS990ScheduleD/OtherRevenueAmt029039
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0237211
IRS990ScheduleD/RevenueNotReportedAmt029039
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0237211
IRS990ScheduleD/RevenueSubtotalAmt01707115
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Direct Gaming expenses reflected on Part VIII Line 9b - $29,039
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Change in Pledge Receivable - $237,211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct Gaming expenses reflected on Part VIII Line 9b - $29,039 Accrual to Cash adjustment - accrued expenses - ($5,802)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Change in Pledge Payable - $37,607
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01686506
IRS990ScheduleD/TotalRevenuePerForm990Amt01944326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01736154
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01672136
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt01937857
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt01937857
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Motorcycle Ride
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01937857
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01937857
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt029039
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt035320
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt035320
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt06281
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesOtherGamingAmt029039
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt029039
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd00
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/IndividualWithBooksNm0Bert Condren
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0275 Schoolhouse Rd
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0Cheshire
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0CT
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd006410
IRS990ScheduleG/StatesWhereGamingConductedCd0CT
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0969019
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt211000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Assist charity in tax-exempt mission
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To assist in animal protection and welfare mission of charity
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2To assist in the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3To assist in the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4To assist charity in tackling hunger and poverty.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5To assist in the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6To assist in the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7To assist in the charitable purpose of the organization.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Special Olympics Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Kid Sanctuary Campus Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Connecticut Children's Medical Center Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Self Help Africa Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4The Michael Fux Foundation Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5RMHC-CTMA Capital Campaign
IRS990ScheduleI/RecipientTable/RecipientEIN0520889518
IRS990ScheduleI/RecipientTable/RecipientEIN1421764903
IRS990ScheduleI/RecipientTable/RecipientEIN2222619869
IRS990ScheduleI/RecipientTable/RecipientEIN3270580530
IRS990ScheduleI/RecipientTable/RecipientEIN4204210046
IRS990ScheduleI/RecipientTable/RecipientEIN5042971480
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01133 19th Street NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1555 Safe Haven Dr
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2282 Washington St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt341 Union Square West Suite 1027
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4187 State Route 36
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5501 George Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm1West Palm Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Hartford
IRS990ScheduleI/RecipientTable/USAddress/CityNm3New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm4West Long Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm5New Haven
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020036
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd133411
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd206106
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd310003
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd407764
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd506511
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Committee selection
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Bozzuto's Sports Charity Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1Bozzuto's Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Related Non-Profit Organization
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Related Wholesale Distribution Organization
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1350000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Contribution of $15,000 received from Bozzuto's Sports Charity, Inc.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Contribution of $350,000 received from Bozzuto's, Inc.
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt051
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Food & services
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV per donor
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0518005
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Three of the officers work for sponsoring corporation: Bozzuto's Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is presented to the Board and reviewed by the President and/or Secretary prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is no formal process for making the Form 990 available to the public by this charity. A copy is retained at the organization and may be reviewed upon request. Through our filing with the Connecticut Department of Consumer Protection, this form is part of the public record under State of Connecticut law and is available for public inspection.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accrual to Cash adjustment - accrued expenses 5,802. Accrual to Cash adjustment - Pledges Rec & Pay -199,604.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The financial statements were audited by an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Late filing: First Time Exception request The current year Form 990 and related extension was prepared by an outside accounting firm. Under the current electronic filing mandates, and upon approval from the organization, the outside accounting firm prepared the extension to be electronically filed from their office. Hometown Foundation, Inc. typically requires an extension to file the Form 990 to allow time for the completion of the audited financial statements which are required to be attached to the Form 990. The taxpayer has always been timely and compliant, and this is a first time occurrence. Accordingly, the taxpayer requests penalty relief under first time abatement. The taxpayer has no prior penalties for the preceding three years and has filed all currently required returns. Reasonable Cause: The organization's accounting firm, upon starting the preparation of the Form 990 discovered that the electronic extension had not been accepted by the original due date of the return. The accounting firm intended and attempted to file the extension timely. However, the extension does not appear to have been processed and accepted. Based on this information and Reg. 301.6652-2(f), the Taxpayer respectfully requests that any late filing penalty due under IRC Secs. 6652(c)(1)(A) and 6652(c)(4) be waived for reasonable cause.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.75$0.56$7.19$6.38$4.37$2.01
2023Detailed filing. Detailed filing data is available for this year.$5.51$0.92$4.59$4.45$3.56$0.88
2022Detailed filing. Detailed filing data is available for this year.$4.64$0.94$3.70$3.71$2.74$0.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.77$2.90$2.96$1.96$1.00
2020Detailed filing. Detailed filing data is available for this year.$2.62$0.71$1.91$2.11$1.85$0.26
2019Detailed filing. Detailed filing data is available for this year.$2.43$0.89$1.54$2.65$1.99$0.67
2018Detailed filing. Detailed filing data is available for this year.$1.62$0.88$0.73$2.06$1.76$0.30
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.94$0.36$1.59$1.48$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.17$0.85$0.32$1.84$1.58$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.96$0.06$1.94$1.69$0.26
2014Summary only. Only limited summary data is available for this year.$1.00$1.00$0.00$1.55$1.30$0.25
2013Summary only. Only limited summary data is available for this year.$0.40$0.02$0.38$0.70$0.58$0.12
2012Summary only. Only limited summary data is available for this year.$0.28$0.01$0.26$0.33$0.31$0.02
2011Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.21$0.31$0.10