Cil Realty Inc
- Assets
- $204.5m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 07/1986
- Data as of
- 06/2022
- EIN
- 04-3138563
Organization Overview
Cil Realty Inc is located in Hartford, CT. The organization was established in 1986. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cil Realty Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cil Realty Inc generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 15.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GROUP HOMES FOR PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR END 6/30/2022, CIL REALTY OF MASSACHUSSETTS ACQUIRED, DEVELOPED, LEASED AND MANAGED APPROXIMATELY 230 LICENSED RESIDENTIAL FACILITIES TO HOUSE PERSONS WITH DISABILITIES IN MASSACHUSETTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Schwendy President/ceo/director | OfficerTrustee | 2.4 | $0 |
Sharon Malone Chair | OfficerTrustee | 0.3 | $0 |
Gioia Zack Vice Chair | OfficerTrustee | 0.3 | $0 |
Maria Green Secretary/cfo/director | OfficerTrustee | 2.4 | $0 |
Barbara Pilarcik RN Treasurer | OfficerTrustee | 0.3 | $0 |
Patrick Pinnell Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rgc Llc General Contractor | 6/29/22 | $2,768,978 |
Whitney Street Home Builders Llc General Contractor | 6/29/22 | $838,350 |
Abreu Construction General Contractor | 6/29/22 | $626,024 |
Versacon Llc General Contractor | 6/29/22 | $105,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,052,819 |
| Investment income | $1,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,350,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,381 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $835,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,046,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,917 |
| Insurance | $99,472 |
| All other expenses | $12,989 |
| Total functional expenses | $5,168,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,813,008 |
| Savings and temporary cash investments | $9,931,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,525 |
| Net Land, buildings, and equipment | $283,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $148,250,207 |
| Intangible assets | $0 |
| Other assets | $44,089,589 |
| Total assets | $204,453,350 |
| Accounts payable and accrued expenses | $2,541,429 |
| Grants payable | $0 |
| Deferred revenue | $326,885 |
| Tax-exempt bond liabilities | $114,934,933 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $52,318,517 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,145,797 |
| Total liabilities | $173,267,561 |
| Net assets without donor restrictions | $31,185,789 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $204,453,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Town Center Apartments Inc Boston, MA | $89,126,403 | $7,900,572 |
Chrysalis Center Real Estate Corporation Hartford, CT | $47,837,141 | $6,009,738 |