Civic Intelligence

Connecticut Community Facilities Development Corp

EIN 84-2080575 • 501(c)3 • Torrington, CT

Profile

To assist in the development of facilities that are beneficial for community programs.

373 Prospect StreetTorrington, CT 06790

n/A

Siviq Scores

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

Liabilities / Assets

89th percentile

0.76x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

131%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-2.0%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$3,307,609

Down $149,792 (-4.3%) from 2022

Liabilities

Down

$2,510,959

Down $100,909 (-3.9%) from 2022

Net Assets

Down

$796,650

Down $48,883 (-5.8%) from 2022

Revenue

Up

-$18,106

Up $4,071 (+18%) from 2022

Expenses

Down

$5,560

Down $1,796 (-24%) from 2022

Net Income

Up

-$23,666

Up $5,867 (+20%) from 2022

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $3,596,802Liabilities 2019: $2,719,273Net Assets 2019: $877,5292019Assets 2020: $3,526,024Liabilities 2020: $2,674,676Net Assets 2020: $851,3482020Assets 2021: $3,504,546Liabilities 2021: $2,629,480Net Assets 2021: $875,0662021Assets 2022: $3,457,401Liabilities 2022: $2,611,868Net Assets 2022: $845,5332022Assets 2024: $3,307,609Liabilities 2024: $2,510,959Net Assets 2024: $796,6502024

Highlighted filing

2024

Assets$3,307,609
Liabilities$2,510,959
Net Assets$796,650

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $924,377Expenses 2019: $46,848Net Income 2019: $877,5292019Revenue 2020: -$26,169Expenses 2020: $12Net Income 2020: -$26,1812020Revenue 2021: $27,314Expenses 2021: $3,596Net Income 2021: $23,7182021Revenue 2022: -$22,177Expenses 2022: $7,356Net Income 2022: -$29,5332022Revenue 2024: -$18,106Expenses 2024: $5,560Net Income 2024: -$23,6662024

Highlighted filing

2024

Revenue-$18,106
Expenses$5,560
Net Income-$23,666

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$172,431
Mission and Program Overview

Mission

To assist in the development of facilities that are beneficial for community programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,320,384$3,256,944▼ $63,440
Cash and Non-Interest-Bearing Accounts$39,221$20,082▼ $19,139
Accounts Receivable$14,360$14,360→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,373,965$3,307,609▼ $66,356
Other Assets Total-$16,223-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,510,083$2,467,370▼ $42,713
Other Liabilities$28,720$28,720→ $0
Accounts Payable and Accrued Expenses$14,846$14,869▲ $23
Total Liabilities$2,553,649$2,510,959▼ $42,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$820,316$796,650▼ $23,666
Total Net Assets Fund Balance$820,316$796,650▼ $23,666
Total Liabilities and Net Assets / Fund Balance$3,373,965$3,307,609▼ $66,356

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,838,944$333,061$3,172,005
Land$418,000-$418,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary TownsendPresident & CEO
Mary MaloneyAsst. Secretary
Richard JannelliSecretary
Alice HutchinsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$111
Other Revenue
$-18,217
Change in Net Assets
$-23,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$-18,106
Revenue Not Reported on Form 990
$190,537
Total Revenue per Audited Statements
$172,431
Total Revenue per Form 990
$-18,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,560
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-$4,250-$4,250
Fees for Services Other-$750-$750
Office Expenses-$560-$560
Total Functional Expenses$0$5,560$0$5,560

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$196,097
Expenses Not Reported on Form 990$190,537
Expenses per Audited Statements$5,560
Total Expenses per Form 990$5,560
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liability$28,720
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
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 B, Line 11B

The Form 990 was made available to the governing body prior to filing.

Form 990, Part VI, Section C, Line 19

Applicable documents are made available upon request, based on current regulations.

Filing and Contact Details

Filer

Filer Name
Connecticut Community Facilities
EIN
84-2080575
Phone
8607174399
Address
373 Prospect Street, Torrington, CT 06790

Signing Officer

Name
Alice Hutchinson
Title
President
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alice Hutchinson
Formed
2019
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Maletta & Company
Address
43 Enterprise Drive, Bristol, CT 06010
Preparer
Michael a Maletta CPA
Phone
8605826715
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

rental expenses $190537

Part XII, Line 2D: Other expenses and losses per audited F/S

rental expenses $190537

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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05560
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt02510959
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0820316
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0796650
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0111
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-18217
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-18106
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03373965
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03307609
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0373 Prospect Street
IRS990/USAddress/CityNm0Torrington
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006790
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Alice Hutchinson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Connecticut Community Facilities
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Development Corp
ReturnHeader/Filer/BusinessNameControlTxt0CONN
ReturnHeader/Filer/EIN0842080575
ReturnHeader/Filer/PhoneNum08607174399
ReturnHeader/Filer/USAddress/AddressLine1Txt0373 Prospect Street
ReturnHeader/Filer/USAddress/CityNm0Torrington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006790
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061209905
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Maletta & Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt043 Enterprise Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bristol
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006010
ReturnHeader/PreparerPersonGrp/PhoneNum08605826715
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A MALETTA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-10-29T06:29:27-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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