Civic Intelligence

Credo Housing Development Corporation

990 • Fiscal year 2021 • EIN 22-2813920

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 20, 2022

Organization ProfileN/A
1569 Thomaston AveWaterbury, CT 06704

(203) 437-7960

Siviq Scores

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

Liabilities / Assets

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.13x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

42nd percentile

7.5%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

65th percentile

$44,000

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 32.1% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

32nd percentile

1.0%

Faster asset growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

1.6%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$744,633

Up $7,311 (+1.0%) from 2020

Net Assets

Up

$727,074

Up $10,311 (+1.4%) from 2020

Liabilities

Down

$17,559

Down $3,000 (-15%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin42nd percentile

Revenue

Up

$136,885

Up $2,187 (+1.6%) from 2020

Expenses

Down

$126,574

Down $550 (-0.4%) from 2020

Net Income

Up

$10,311

Up $2,737 (+36%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$1.0M$500K$0Assets 2010: $762,892Liabilities 2010: $198,731Net Assets 2010: $564,1612010Assets 2011: $738,942Liabilities 2011: $171,033Net Assets 2011: $567,9092011Assets 2012: $723,259Liabilities 2012: $155,502Net Assets 2012: $567,7572012Assets 2013: $704,212Liabilities 2013: $139,121Net Assets 2013: $565,0912013Assets 2014: $761,872Liabilities 2014: $179,164Net Assets 2014: $582,7082014Assets 2015: $742,890Liabilities 2015: $153,940Net Assets 2015: $588,9502015Assets 2016: $720,442Liabilities 2016: $136,736Net Assets 2016: $583,7062016Assets 2017: $729,040Liabilities 2017: $103,867Net Assets 2017: $625,1732017Assets 2018: $714,092Liabilities 2018: $77,271Net Assets 2018: $636,8212018Assets 2019: $735,748Liabilities 2019: $26,559Net Assets 2019: $709,1892019Assets 2020: $737,322Liabilities 2020: $20,559Net Assets 2020: $716,7632020Assets 2021: $744,633Liabilities 2021: $17,559Net Assets 2021: $727,0742021Assets 2022: $898,668Liabilities 2022: $12,860Net Assets 2022: $885,8082022Assets 2023: $857,735Liabilities 2023: $52Net Assets 2023: $857,6832023Assets 2024: $833,068Liabilities 2024: $10,768Net Assets 2024: $822,3002024

Highlighted filing

2021

Assets$744,633
Liabilities$17,559
Net Assets$727,074
Open 2021 Filing

Operations Trend

Revenue Growth37th percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $133,1802010Expenses 2011: $132,0852011Expenses 2012: $135,9482012Revenue 2013: $108,277Expenses 2013: $122,943Net Income 2013: -$14,6662013Revenue 2014: $142,799Expenses 2014: $132,434Net Income 2014: $10,3652014Revenue 2015: $126,555Expenses 2015: $120,313Net Income 2015: $6,2422015Revenue 2016: $126,440Expenses 2016: $131,684Net Income 2016: -$5,2442016Revenue 2017: $180,074Expenses 2017: $138,607Net Income 2017: $41,4672017Revenue 2018: $136,685Expenses 2018: $125,037Net Income 2018: $11,6482018Revenue 2019: $202,180Expenses 2019: $129,819Net Income 2019: $72,3612019Revenue 2020: $134,698Expenses 2020: $127,124Net Income 2020: $7,5742020Revenue 2021: $136,885Expenses 2021: $126,574Net Income 2021: $10,3112021Revenue 2022: $300,649Expenses 2022: $141,915Net Income 2022: $158,7342022Revenue 2023: $127,758Expenses 2023: $155,883Net Income 2023: -$28,1252023Revenue 2024: $71,129Expenses 2024: $106,512Net Income 2024: -$35,3832024

Highlighted filing

2021

Revenue$136,885
Expenses$126,574
Net Income$10,311
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 20, 2022
Return Version
2021v4.0
Gross Receipts
$136,885
Mission and Program Overview

Mission

To address the critical shortage of decent, safe, and affordable housing for low-income households in waterbury.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$603,110$586,768▼ $16,342
Cash and Non-Interest-Bearing Accounts$133,412$157,415▲ $24,003
Loans From Officers Directors$20,559$17,559▼ $3,000
Prepaid Expenses and Deferred Charges$450$450→ $0
Accounts Receivable$350--
Total Assets$737,322$744,633▲ $7,311
Liabilities
Total Liabilities$20,559$17,559▼ $3,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$716,763$727,074▲ $10,311
Total Net Assets Fund Balance$716,763$727,074▲ $10,311
Total Liabilities and Net Assets / Fund Balance$737,322$744,633▲ $7,311

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$553,158$333,447$886,605
Land$29,000-$29,000
Other Land Buildings$4,610$4,320$8,930
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert DorrExecutive DiFT$44,000$44,000

Board Members and Trustees

NameTitle
Peter Jay HopsonPresident
Brenda WynkoopDirector
Charles WalkerDirector
Daniel PotterDirector
Elizabeth PetruccioneDirector
Mary WalkerDirector
Celia DavisSecretary
Jeannette MarchantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$66,441
Program Service Revenue
$70,444
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,699
Salaries, Compensation, and Employee Benefits$48,875
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$22,000$22,000-$44,000
Depreciation Depletion$23,990--$23,990
Fees for Services Other$7,200--$7,200
Other Expenses$4,452--$4,452
Fees for Services Accounting-$3,900-$3,900
Insurance$3,899--$3,899
Payroll Taxes$1,851$1,850-$3,701
Office Expenses$2,151$1,134-$3,285
All Other Expenses$2,437--$2,437
Other Employee Benefits$587$587-$1,174
Advertising$50--$50
Total Functional Expenses$97,103$29,471$0$126,574
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
-Executive DirecMortgage RepaymentNo$3,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$20,559$17,559▼ $3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is distrubuted to the board of directors at the annual meeting in june. At this time it is reviewed and all questions answered, if warranted, an amended return will be filed. It is then kept on file in the office for public inspection.”

Form 990, Page 6, Part VI, Line 19

“The organization makes all documents and policies avaiable for inspection during regular business hours.”

Filing and Contact Details

Filer

Filer Name
Credo Housing Development Inc
EIN
22-2813920
Phone
2034377960
Address
1569 THOMASTON AVE, WATERBURY, CT 06704

Signing Officer

Name
Robert Dorr
Title
Executive Director
Phone
2034377960
Signed
2022-04-20

Organization Details

Principal Officer
Robert Dorr
Formed
1987
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
10

Preparer

Firm
CHARLES HEAVEN & CO CPA'S
Address
207 BANK ST, WATERBURY, CT 06702
Preparer
Enrico Melaragno CPA
Phone
2037534101
Raw XML Appendix385 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/BOYAmt0350
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ADDRESS THE CRITICAL SHORTAGE OF DECENT, SAFE, AND AFFORDABLE HOUSING FOR LOW-INCOME HOUSEHOLDS IN WATERBURY.
IRS990/AdvertisingGrp/ProgramServicesAmt050
IRS990/AdvertisingGrp/TotalAmt050
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02437
IRS990/AllOtherExpensesGrp/TotalAmt02437
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0MR ROBERT DORR
IRS990/BooksInCareOfDetail/PhoneNum02034377960
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01569 THOMASTON AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WATERBURY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006704
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0133412
IRS990/CashNonInterestBearingGrp/EOYAmt0157415
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt022000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt022000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt044000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt066441
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt077699
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt070444
IRS990/CYRevenuesLessExpensesAmt010311
IRS990/CYSalariesCompEmpBnftPaidAmt048875
IRS990/CYTotalExpensesAmt0126574
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0136885
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt023990
IRS990/DepreciationDepletionGrp/TotalAmt023990
IRS990/Desc0PROVIDING DECENT, SAFE, AND AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS INCLUDING ASSISTING OTHER NONPROFIT ENTITIES TO ACCOMPLISH THE SAME GOAL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt097103
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03900
IRS990/FeesForServicesAccountingGrp/TotalAmt03900
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt07200
IRS990/FeesForServicesOtherGrp/TotalAmt07200
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0CELIA DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm1JEANNETTE MARCHANT
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLES WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm4BRENDA WYNKOOP
IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL POTTER
IRS990/Form990PartVIISectionAGrp/PersonNm6ELIZABETH PETRUCCIONE
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER JAY HOPSON
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT DORR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt844000
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/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt066441
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0136885
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03899
IRS990/InsuranceGrp/TotalAmt03899
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0337767
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0603110
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0586768
IRS990/LandBldgEquipCostOrOtherBssAmt0924535
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt020559
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt017559
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ADDRESS THE CRITICAL SHORTAGE OF DECENT, SAFE, AND AFFORDABLE HOUSING FOR LOW-INCOME HOUSEHOLDS IN WATERBURY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0716763
IRS990/NetAssetsOrFundBalancesEOYAmt0727074
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0716763
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0727074
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01134
IRS990/OfficeExpensesGrp/ProgramServicesAmt02151
IRS990/OfficeExpensesGrp/TotalAmt03285
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0587
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0587
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01174
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1R/E TAXES
IRS990/OtherExpensesGrp/Desc2WATER/ SEWER
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt011179
IRS990/OtherExpensesGrp/ProgramServicesAmt111119
IRS990/OtherExpensesGrp/ProgramServicesAmt26188
IRS990/OtherExpensesGrp/ProgramServicesAmt34452
IRS990/OtherExpensesGrp/TotalAmt011179
IRS990/OtherExpensesGrp/TotalAmt111119
IRS990/OtherExpensesGrp/TotalAmt26188
IRS990/OtherExpensesGrp/TotalAmt34452
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01850
IRS990/PayrollTaxesGrp/ProgramServicesAmt01851
IRS990/PayrollTaxesGrp/TotalAmt03701
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0450
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0450
IRS990/PrincipalOfficerNm0ROBERT DORR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0AFFORDABLE HOUSING RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt070444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt070444
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt063689
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt083779
IRS990/PYOtherRevenueAmt02811
IRS990/PYProgramServiceRevenueAmt068198
IRS990/PYRevenuesLessExpensesAmt07574
IRS990/PYSalariesCompEmpBnftPaidAmt043345
IRS990/PYTotalExpensesAmt0127124
IRS990/PYTotalRevenueAmt0134698
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt010311
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt070444
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt066441
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt063689
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt056200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt070878
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0115289
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0372497
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt070444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt071009
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt065980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt065807
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt064785
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0338025
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0710522
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0136885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0134698
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0122180
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0136685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0180074
IRS990ScheduleA/Total509Grp/TotalAmt0710522
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0136885
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0134698
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0122180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0136685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0180074
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0710522
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0553158
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0333447
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0886605
IRS990ScheduleD/LandGrp/BookValueAmt029000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt029000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04610
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04320
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08930
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0586768
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CREDO HOUSING DEVELOPMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE DIREC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MORTGAGE REPAYMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt017559
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SUPPORT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt059279
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ROBERT DORR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ON SEPTEMBER 5, 2014, ROBERT G. DORR SOLD HIS OWN PROPERTY TO CREDO HOUSING DEVELOPMENT CORPORATION, INC. AND IS THE MORTGAGE HOLDER.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt017559
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRUBUTED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING IN JUNE. AT THIS TIME IT IS REVIEWED AND ALL QUESTIONS ANSWERED, IF WARRANTED, AN AMENDED RETURN WILL BE FILED. IT IS THEN KEPT ON FILE IN THE OFFICE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ALL DOCUMENTS AND POLICIES AVAIABLE FOR INSPECTION DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0737322
IRS990/TotalAssetsEOYAmt0744633
IRS990/TotalAssetsGrp/BOYAmt0737322
IRS990/TotalAssetsGrp/EOYAmt0744633
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt066441
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029471
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097103
IRS990/TotalFunctionalExpensesGrp/TotalAmt0126574
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020559
IRS990/TotalLiabilitiesEOYAmt017559
IRS990/TotalLiabilitiesGrp/BOYAmt020559
IRS990/TotalLiabilitiesGrp/EOYAmt017559
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0716763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0727074
IRS990/TotalProgramServiceExpensesAmt097103
IRS990/TotalProgramServiceRevenueAmt070444
IRS990/TotalReportableCompFromOrgAmt044000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070444
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0136885
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0737322
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0744633
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01569 THOMASTON AVE
IRS990/USAddress/CityNm0WATERBURY
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006704
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT DORR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02034377960
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREDO HOUSING DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0222813920
ReturnHeader/Filer/PhoneNum02034377960
ReturnHeader/Filer/USAddress/AddressLine1Txt01569 THOMASTON AVE
ReturnHeader/Filer/USAddress/CityNm0WATERBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006704
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060666222
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES HEAVEN & CO CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0207 BANK ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006702
ReturnHeader/PreparerPersonGrp/PhoneNum02037534101
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ENRICO MELARAGNO CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-10T14:24:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DORR
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$744,633
Liabilities
$17,559
Net assets
$727,074
Revenue
$136,885
Expenses
$126,574
Net income
$10,311
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.33$0.11$8.22$0.71$1.07$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.58$0.00$8.58$1.28$1.56$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.99$0.13$8.86$3.01$1.42$1.59
2021Detailed filing. Detailed filing data is available for this year.$7.45$0.18$7.27$1.37$1.27$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.37$0.21$7.17$1.35$1.27$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.36$0.27$7.09$2.02$1.30$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.14$0.77$6.37$1.37$1.25$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$1.04$6.25$1.80$1.39$0.41
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.20$1.37$5.84$1.26$1.32$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$1.54$5.89$1.27$1.20$0.06
2014Detailed filing. Detailed filing data is available for this year.$7.62$1.79$5.83$1.43$1.32$0.10
2013Detailed filing. Detailed filing data is available for this year.$7.04$1.39$5.65$1.08$1.23$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.23$1.56$5.68$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.39$1.71$5.68$1.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.63$1.99$5.64$1.33