Civic Intelligence

St Paul'S Housing Corporation

EIN 23-7158724 • 501(c)4 • Southington, CT

Profile

To construct and operate thereon an apartment complex of 100 units (known as wheeler village), under section 236 of the national housing act.

97 Wheeler Village DriveSouthington, CT 06489

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.44x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.65x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

54th percentile

11%

Higher net margin than 54% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

50th percentile

4.0%

Faster asset growth than 50% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

7.1%

Faster revenue growth than 48% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,965,801

Up $76,394 (+4.0%) from 2023

Liabilities

Down

$870,994

Down $69,982 (-7.4%) from 2023

Net Assets

Up

$1,094,807

Up $146,376 (+15%) from 2023

Revenue

Up

$1,345,083

Up $89,397 (+7.1%) from 2023

Expenses

Down

$1,198,707

Down $114,043 (-8.7%) from 2023

Net Income

Up

$146,376

Up $203,440 (+357%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2014: $2,582,337Liabilities 2014: $1,373,139Net Assets 2014: $1,209,1982014Assets 2015: $2,559,352Liabilities 2015: $1,340,070Net Assets 2015: $1,219,2822015Assets 2016: $2,539,594Liabilities 2016: $1,319,192Net Assets 2016: $1,220,4022016Assets 2017: $2,431,095Liabilities 2017: $1,273,650Net Assets 2017: $1,157,4452017Assets 2018: $2,324,608Liabilities 2018: $1,169,715Net Assets 2018: $1,154,8932018Assets 2019: $2,265,297Liabilities 2019: $1,140,249Net Assets 2019: $1,125,0482019Assets 2020: $2,214,140Liabilities 2020: $1,083,548Net Assets 2020: $1,130,5922020Assets 2021: $2,208,022Liabilities 2021: $1,050,059Net Assets 2021: $1,157,9632021Assets 2022: $1,913,644Liabilities 2022: $908,149Net Assets 2022: $1,005,4952022Assets 2023: $1,889,407Liabilities 2023: $940,976Net Assets 2023: $948,4312023Assets 2024: $1,965,801Liabilities 2024: $870,994Net Assets 2024: $1,094,8072024

Highlighted filing

2024

Assets$1,965,801
Liabilities$870,994
Net Assets$1,094,807

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $982,381Expenses 2014: $1,022,075Net Income 2014: -$39,6942014Revenue 2015: $1,045,946Expenses 2015: $1,035,862Net Income 2015: $10,0842015Revenue 2016: $1,078,550Expenses 2016: $1,077,430Net Income 2016: $1,1202016Revenue 2017: $1,096,513Expenses 2017: $1,159,470Net Income 2017: -$62,9572017Revenue 2018: $1,072,175Expenses 2018: $1,074,727Net Income 2018: -$2,5522018Revenue 2019: $1,098,546Expenses 2019: $1,128,391Net Income 2019: -$29,8452019Revenue 2020: $1,102,547Expenses 2020: $1,097,003Net Income 2020: $5,5442020Revenue 2021: $1,135,813Expenses 2021: $1,108,442Net Income 2021: $27,3712021Revenue 2022: $1,142,298Expenses 2022: $1,294,766Net Income 2022: -$152,4682022Revenue 2023: $1,255,686Expenses 2023: $1,312,750Net Income 2023: -$57,0642023Revenue 2024: $1,345,083Expenses 2024: $1,198,707Net Income 2024: $146,3762024

Highlighted filing

2024

Revenue$1,345,083
Expenses$1,198,707
Net Income$146,376

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.87$1.09$1.35$1.20$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.94$0.95$1.26$1.31$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.91$1.01$1.14$1.29$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$1.05$1.16$1.14$1.11$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$1.08$1.13$1.10$1.10$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$1.14$1.13$1.10$1.13$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$1.17$1.15$1.07$1.07$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$1.27$1.16$1.10$1.16$0.06
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$1.32$1.22$1.08$1.08$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.56$1.34$1.22$1.05$1.04$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.58$1.37$1.21$0.98$1.02$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 28, 2025
Return Version
2024v5.1
Gross Receipts
$1,345,083
Mission and Program Overview

Mission

To construct and operate thereon an apartment complex of 100 units (known as wheeler village), under section 236 of the national housing act.

To provide housing for low and moderate income families and the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$861,882$1,026,541▲ $164,659
Land, Buildings, and Equipment, Net$792,695$721,930▼ $70,765
Cash and Non-Interest-Bearing Accounts$197,552$156,097▼ $41,455
Prepaid Expenses and Deferred Charges$19,729$40,438▲ $20,709
Accounts Receivable$10,203$14,808▲ $4,605
Total Assets$1,889,407$1,965,801▲ $76,394
Other Assets Total$7,346$5,987▼ $1,359
Liabilities
Mortgage Notes Payable Secured by Investment Property$695,971$624,415▼ $71,556
Accounts Payable and Accrued Expenses$129,261$127,177▼ $2,084
Other Liabilities$101,954$102,247▲ $293
Deferred Revenue$6,444$11,168▲ $4,724
Unsecured Notes Loans Payable$7,346$5,987▼ $1,359
Total Liabilities$940,976$870,994▼ $69,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$948,431$1,094,807▲ $146,376
Total Net Assets Fund Balance$948,431$1,094,807▲ $146,376
Total Liabilities and Net Assets / Fund Balance$1,889,407$1,965,801▲ $76,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$630,111$3,961,825$4,591,936
Equipment$8,522$221,548$230,070
Land$83,297-$83,297
Compensation and Service Providers

Board Members and Trustees

NameTitle
David MarquisPresident/treasurer
George Touma JrVice President
Donald MullerDirector
Maryann SoboleskiDirector
Maureen BrennanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$93,800
Program Service Revenue
$1,211,971
Investment Income
$39,312
Other Revenue
$0
Change in Net Assets
$146,376

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,345,083
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,656
Total Revenue per Audited Statements
$1,357,739
Total Revenue per Form 990
$1,345,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,198,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$280,131--$280,131
Other Expenses$169,445$77,486-$246,931
Depreciation Depletion$143,648--$143,648
Fees for Services Management-$79,479-$79,479
Insurance$68,779--$68,779
Office Expenses-$48,046-$48,046
Interest$30,338--$30,338
Fees for Services Accounting-$7,700-$7,700
Fees for Services Legal-$2,749-$2,749
Advertising$176--$176
Total Functional Expenses$983,247$215,460$0$1,198,707

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,211,363
Expenses per Audited Statements$1,198,707
Total Expenses per Form 990$1,198,707
Expenses Not Reported on Form 990$12,656
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$102,247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

A management company (connecticut real estate management llc) is used to perform the following activities for the organization: 1. Establish and maintain the organization's accounts, books and records. 2. Select and admit tenants, compute tenant rents and assistance payments. 3. Ensure that all expenses are reasonable and necessary. 4. Exert effort to maximize income. 5. Obtain contracts, materials, supplies and services on terms most advantageous to the organization.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

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

Form 990 is distributed to and reviewed by the president of the board of directors prior to the return being filed.

Form 990, Part VI, Section B, Line 15

The organization does not have any paid employees.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are not available to the public. The organization does not have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
ST PAUL'S HOUSING CORPORATION
EIN
23-7158724
Phone
8606212234
Address
97 WHEELER VILLAGE DRIVE, SOUTHINGTON, CT 06489

Signing Officer

Name
David Marquis
Title
President
Phone
8606212234
Signed
2025-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Marquis
Formed
1971
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
SEWARD AND MONDE CPA'S
Address
296 STATE STREET, NORTH HAVEN, CT 06473-2165
Preparer
Michele D Loso Boisvert
Phone
2032489341
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental office and bad debts netted against rental revenue

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental office and bad debts netted against rental revenue

Raw XML Appendix352 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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IRS990ScheduleD/BuildingsGrp/BookValueAmt0630111
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03961825
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04591936
IRS990ScheduleD/EquipmentGrp/BookValueAmt08522
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0221548
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0230070
IRS990ScheduleD/ExpensesNotReportedAmt012656
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01198707
IRS990ScheduleD/LandGrp/BookValueAmt083297
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt083297
IRS990ScheduleD/OtherExpensesIncludedAmt012656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102247
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt012656
IRS990ScheduleD/RevenueNotReportedAmt012656
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01345083
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL OFFICE AND BAD DEBTS NETTED AGAINST RENTAL REVENUE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL OFFICE AND BAD DEBTS NETTED AGAINST RENTAL REVENUE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0721930
IRS990ScheduleD/TotalExpensesPerForm990Amt01198707
IRS990ScheduleD/TotalLiabilityAmt0102247
IRS990ScheduleD/TotalRevenuePerForm990Amt01345083
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01357739
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01211363
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY (CONNECTICUT REAL ESTATE MANAGEMENT LLC) IS USED TO PERFORM THE FOLLOWING ACTIVITIES FOR THE ORGANIZATION: 1. ESTABLISH AND MAINTAIN THE ORGANIZATION'S ACCOUNTS, BOOKS AND RECORDS. 2. SELECT AND ADMIT TENANTS, COMPUTE TENANT RENTS AND ASSISTANCE PAYMENTS. 3. ENSURE THAT ALL EXPENSES ARE REASONABLE AND NECESSARY. 4. EXERT EFFORT TO MAXIMIZE INCOME. 5. OBTAIN CONTRACTS, MATERIALS, SUPPLIES AND SERVICES ON TERMS MOST ADVANTAGEOUS TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS DISTRIBUTED TO AND REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01889407
IRS990/TotalAssetsEOYAmt01965801
IRS990/TotalAssetsGrp/BOYAmt01889407
IRS990/TotalAssetsGrp/EOYAmt01965801
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt093800
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0215460
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0983247
IRS990/TotalFunctionalExpensesGrp/TotalAmt01198707
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0940976
IRS990/TotalLiabilitiesEOYAmt0870994
IRS990/TotalLiabilitiesGrp/BOYAmt0940976
IRS990/TotalLiabilitiesGrp/EOYAmt0870994
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0948431
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01094807
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0983247
IRS990/TotalProgramServiceRevenueAmt01211971
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt039312
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01211971
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01345083
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01889407
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01965801
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt07346
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt05987
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt097 WHEELER VILLAGE DRIVE
IRS990/USAddress/CityNm0SOUTHINGTON
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006489
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID MARQUIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08606212234
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ST PAUL'S HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0STPA
ReturnHeader/Filer/EIN0237158724
ReturnHeader/Filer/PhoneNum08606212234
ReturnHeader/Filer/USAddress/AddressLine1Txt097 WHEELER VILLAGE DRIVE
ReturnHeader/Filer/USAddress/CityNm0SOUTHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006489
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060530830
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEWARD AND MONDE CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0296 STATE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH HAVEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0064732165
ReturnHeader/PreparerPersonGrp/PhoneNum02032489341
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELE D LOSO BOISVERT
ReturnHeader/ReturnTs02025-06-04T12:55:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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