Civic Intelligence

Hamden Economic Development Corporation

EIN 51-0495250 • 501(c)4 • Hamden, CT

Profile

To remediate, repair and improve residential and commercial properties in the town of hamden that have been affected by environmental contamination.

3074 Whitney Avenue Building 1Hamden, CT 06518

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.78x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Net Margin

11th percentile

-23%

Higher net margin than 11% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

6th percentile

-27%

Faster asset growth than 6% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

48%

Faster revenue growth than 85% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$909,101

Down $1,326,455 (-59%) from 2023

Liabilities

Down

$294,722

Down $1,626,328 (-85%) from 2023

Net Assets

Up

$614,379

Up $299,873 (+95%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin11th percentile

Revenue

Up

$3,561,081

Up $1,102,943 (+45%) from 2023

Expenses

Up

$3,261,208

Up $242,562 (+8.0%) from 2023

Net Income

Up

$299,873

Up $860,381 (+154%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

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

$15M$10M$5.0M$0Assets 2011: $1,663,045Liabilities 2011: $1,646,835Net Assets 2011: $16,2102011Assets 2012: $2,191,513Liabilities 2012: $757,412Net Assets 2012: $1,434,1012012Assets 2013: $2,661,258Liabilities 2013: $823,831Net Assets 2013: $1,837,4272013Assets 2014: $1,686,548Liabilities 2014: $203,381Net Assets 2014: $1,483,1672014Assets 2015: $6,287,310Liabilities 2015: $5,380,221Net Assets 2015: $907,0892015Assets 2016: $510,428Liabilities 2016: $279,060Net Assets 2016: $231,3682016Assets 2017: $3,955,617Liabilities 2017: $2,071,988Net Assets 2017: $1,883,6292017Assets 2018: $4,877,559Liabilities 2018: $2,596,344Net Assets 2018: $2,281,2152018Assets 2019: $10,097,253Liabilities 2019: $3,739,151Net Assets 2019: $6,358,1022019Assets 2020: $10,155,667Liabilities 2020: $2,260,993Net Assets 2020: $7,894,6742020Assets 2021: $3,370,551Liabilities 2021: $2,386,830Net Assets 2021: $983,7212021Assets 2022: $3,046,023Liabilities 2022: $2,171,009Net Assets 2022: $875,0142022Assets 2023: $2,235,556Liabilities 2023: $1,921,050Net Assets 2023: $314,5062023Assets 2024: $909,101Liabilities 2024: $294,722Net Assets 2024: $614,3792024

Highlighted filing

2024

Assets$909,101
Liabilities$294,722
Net Assets$614,379
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $235,287Expenses 2011: $230,467Net Income 2011: $4,8202011Expenses 2012: $1,654,7662012Expenses 2013: $2,019,2452013Revenue 2014: $275,967Expenses 2014: $630,227Net Income 2014: -$354,2602014Revenue 2015: $7,868,001Expenses 2015: $7,728,497Net Income 2015: $139,5042015Revenue 2016: $4,746,257Expenses 2016: $5,083,617Net Income 2016: -$337,3602016Revenue 2017: $1,977,246Expenses 2017: $324,985Net Income 2017: $1,652,2612017Revenue 2018: $882,746Expenses 2018: $485,160Net Income 2018: $397,5862018Revenue 2019: $4,523,808Expenses 2019: $446,921Net Income 2019: $4,076,8872019Revenue 2020: $2,012,176Expenses 2020: $475,604Net Income 2020: $1,536,5722020Revenue 2021: $167,824Expenses 2021: $7,078,777Net Income 2021: -$6,910,9532021Revenue 2022: $1,657,660Expenses 2022: $1,766,367Net Income 2022: -$108,7072022Revenue 2023: $2,458,138Expenses 2023: $3,018,646Net Income 2023: -$560,5082023Revenue 2024: $3,561,081Expenses 2024: $3,261,208Net Income 2024: $299,8732024

Highlighted filing

2024

Revenue$3,561,081
Expenses$3,261,208
Net Income$299,873
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$909,101
Liabilities
$294,722
Net assets
$614,379
Revenue
$3,561,081
Expenses
$3,261,208
Net income
$299,873
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.29$0.61$3.56$3.26$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$1.92$0.31$2.46$3.02$0.56
2022Detailed filing. Detailed filing data is available for this year.$3.05$2.17$0.88$1.66$1.77$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$2.39$0.98$0.17$7.08$6.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$2.26$7.89$2.01$0.48$1.54
2019Detailed filing. Detailed filing data is available for this year.$10.1$3.74$6.36$4.52$0.45$4.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.88$2.60$2.28$0.88$0.49$0.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$2.07$1.88$1.98$0.32$1.65
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.28$0.23$4.75$5.08$0.34
2015Detailed filing. Detailed filing data is available for this year.$6.29$5.38$0.91$7.87$7.73$0.14
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.20$1.48$0.28$0.63$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.82$1.84$2.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.76$1.43$1.65
2011Summary only. Only limited summary data is available for this year.$1.66$1.65$0.02$0.24$0.23$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 28, 2023
Return Version
2021v4.2
Gross Receipts
$1,657,660
Mission and Program Overview

Mission

To encourage economic growth and development throughout hamden and it's surrounding communities

To remediate, repair and improve residential and commercial properties in the town of hamden that have been affected by environmental contamination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,824,290$2,055,069▲ $230,779
Other Notes and Loans Receivable, Net$475,000$475,000→ $0
Pledges and Grants Receivable-$462,009-
Total Assets$3,370,551$3,046,023▼ $324,528
Other Assets Total$1,071,261$53,945▼ $1,017,316
Liabilities
Deferred Revenue$2,348,438$1,675,373▼ $673,065
Accounts Payable and Accrued Expenses$38,392$495,636▲ $457,244
Total Liabilities$2,386,830$2,171,009▼ $215,821
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$983,721$875,014▼ $108,707
Total Net Assets Fund Balance$983,721$875,014▼ $108,707
Total Liabilities and Net Assets / Fund Balance$3,370,551$3,046,023▼ $324,528
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Steven RolnickPresident
Thomas CariglioVice President
Anthony RossleyDirector
Cathy Defrances-vittorioDirector
David GolebiewskiDirector
John NutcherDirector
Joseph AcetoDirector
Rob LeightonDirector
Dale KroopExecutive Director
Jon TerrySecretary
Eric WestTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,617,905
Program Service Revenue
$0
Investment Income
$39,755
Other Revenue
$0
Change in Net Assets
$-108,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,657,660
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,657,660
Total Revenue per Form 990
$1,657,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,766,367
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
Fees for Services Accounting$10,871$9,000-$19,871
Insurance$16,821--$16,821
Fees for Services Legal$14,807--$14,807
Office Expenses$8,900$4,234-$13,134
Conferences and Meetings-$1,920-$1,920
Other Expenses$1,697,363$299-$299
Total Functional Expenses$1,748,762$17,605$0$1,766,367

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,766,367
Total Expenses per Audited Statements$1,766,367
Total Expenses per Form 990$1,766,367
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-COMMUNITY RESOURCE MGMT, LLC, IS OWNED 100% BY HEDC'S EXCUTIVE DIRECTORTHE CORPORATION PAID $149,948 TO COMMUNITY RESOURCE MANAGEMENT, WHICH IS OWNED 100% BY THE CORPORATION'S EXECUTIVE DIRECTOR, DALE KROOP.No$149,948
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11B

“A pdf of the form 990 will be sent via email to each officer and director before the 990 is filed with a request for acknowledgement, questions and comments due before the filing date.”

Form 990, Part VI, Section B, Line 12C

“The organization requires the officers and directors to complete and sign an annual disclosure statement with regard to their conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The organization will make their governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Hamden Economic Development Corporation
EIN
51-0495250
Phone
2032877033
Address
3074 WHITNEY AVENUE BUILDING 1, HAMDEN, CT 06518

Signing Officer

Name
Dale Kroop
Title
Executive Director
Phone
2032877033
Signed
2023-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Kroop
Formed
2008
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
T M Byxbee Company Pc
Address
P O BOX 187169, HAMDEN, CT 06518
Preparer
Pamela J Matocha
Phone
2032814933
Supplemental Narrative

Additional Explanations

Part XII - Line 2C

“The organization has not changed its oversight process or selection process for their independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures.”

Raw XML Appendix371 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt038392
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0495636
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO REMEDIATE, REPAIR AND IMPROVE RESIDENTIAL AND COMMERCIAL PROPERTIES IN THE TOWN OF HAMDEN THAT HAVE BEEN AFFECTED BY ENVIRONMENTAL CONTAMINATION.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum02032877033
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03074 WHITNEY AVENUE BUILDING 1
IRS990/BooksInCareOfDetail/USAddress/CityNm0HAMDEN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006518
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01920
IRS990/ConferencesMeetingsGrp/TotalAmt01920
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01617905
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt039755
IRS990/CYOtherExpensesAmt01766367
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-108707
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01766367
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01657660
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt02348438
IRS990/DeferredRevenueGrp/EOYAmt01675373
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ORGANIZATION ACQUIRES, OPERATES AND CONVEYS REAL PROPERTY FOR THE PURPOSE OF MAKING IMPROVEMENTS DESIGNED TO ENHANCE THE ECONOMIC PRODUCTIVITY OF THE COMMUNITY AND SURROUNDING NEIGHBORHOODS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01748762
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09000
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010871
IRS990/FeesForServicesAccountingGrp/TotalAmt019871
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt014807
IRS990/FeesForServicesLegalGrp/TotalAmt014807
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt46.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0ERIC WEST
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVEN ROLNICK
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS CARIGLIO
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSEPH ACETO
IRS990/Form990PartVIISectionAGrp/PersonNm4DALE KROOP
IRS990/Form990PartVIISectionAGrp/PersonNm5JON TERRY
IRS990/Form990PartVIISectionAGrp/PersonNm6ANTHONY ROSSLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7CATHY DEFRANCES-VITTORIO
IRS990/Form990PartVIISectionAGrp/PersonNm8ROB LEIGHTON
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID GOLEBIEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN NUTCHER
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/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt01617905
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01657660
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt016821
IRS990/InsuranceGrp/TotalAmt016821
IRS990/InvestmentIncomeGrp/ExclusionAmt039755
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt039755
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENCOURAGE ECONOMIC GROWTH AND DEVELOPMENT THROUGHOUT HAMDEN AND IT'S SURROUNDING COMMUNITIES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0983721
IRS990/NetAssetsOrFundBalancesEOYAmt0875014
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0983721
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0875014
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04234
IRS990/OfficeExpensesGrp/ProgramServicesAmt08900
IRS990/OfficeExpensesGrp/TotalAmt013134
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01071261
IRS990/OtherAssetsTotalGrp/EOYAmt053945
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONSTRUCTION COSTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02152
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1299
IRS990/OtherExpensesGrp/ProgramServicesAmt01697363
IRS990/OtherExpensesGrp/TotalAmt01697363
IRS990/OtherExpensesGrp/TotalAmt12152
IRS990/OtherExpensesGrp/TotalAmt2299
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0475000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0475000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0462009
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DALE KROOP
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0160309
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07515
IRS990/PYOtherExpensesAmt07078777
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-6910953
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt07078777
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0167824
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-108707
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01824290
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02055069
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01766367
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01657660
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01766367
IRS990ScheduleD/TotalRevenuePerForm990Amt01657660
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01657660
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01766367
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0COMMUNITY RESOURCE MANAGEMENT LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMUNITY RESOURCE MGMT, LLC, IS OWNED 100% BY HEDC'S EXCUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0149948
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE CORPORATION PAID $149,948 TO COMMUNITY RESOURCE MANAGEMENT, WHICH IS OWNED 100% BY THE CORPORATION'S EXECUTIVE DIRECTOR, DALE KROOP.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A PDF OF THE FORM 990 WILL BE SENT VIA EMAIL TO EACH OFFICER AND DIRECTOR BEFORE THE 990 IS FILED WITH A REQUEST FOR ACKNOWLEDGEMENT, QUESTIONS AND COMMENTS DUE BEFORE THE FILING DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES THE OFFICERS AND DIRECTORS TO COMPLETE AND SIGN AN ANNUAL DISCLOSURE STATEMENT WITH REGARD TO THEIR CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WILL MAKE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS FOR THEIR INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII - LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03370551
IRS990/TotalAssetsEOYAmt03046023
IRS990/TotalAssetsGrp/BOYAmt03370551
IRS990/TotalAssetsGrp/EOYAmt03046023
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01617905
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017605
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01748762
IRS990/TotalFunctionalExpensesGrp/TotalAmt01766367
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02386830
IRS990/TotalLiabilitiesEOYAmt02171009
IRS990/TotalLiabilitiesGrp/BOYAmt02386830
IRS990/TotalLiabilitiesGrp/EOYAmt02171009
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0983721
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0875014
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01748762
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt039755
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01657660
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03370551
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03046023
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03074 WHITNEY AVENUE BUILDING 1
IRS990/USAddress/CityNm0HAMDEN
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006518
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DALE KROOP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02032877033
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAMDEN ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0HAMD
ReturnHeader/Filer/EIN0510495250
ReturnHeader/Filer/PhoneNum02032877033
ReturnHeader/Filer/USAddress/AddressLine1Txt03074 WHITNEY AVENUE BUILDING 1
ReturnHeader/Filer/USAddress/CityNm0HAMDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006518
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061386456
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0T M BYXBEE COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 187169
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006518
ReturnHeader/PreparerPersonGrp/PhoneNum02032814933
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAMELA J MATOCHA
ReturnHeader/ReturnTs02023-04-28T11:32:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DALE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KROOP
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.