Metacomet Homes Inc

Organization Overview

Metacomet Homes Inc, operating under the name Metacomet Homes, is located in East Granby, CT. The organization was established in 1973. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metacomet Homes 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 12/2021, Metacomet Homes generated $628.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $660.4k during the year ending 12/2021. While expenses have increased by 21.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HOUSING TO MODERATE AND LOW INCOME ELDERLY HOUSEHOLDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HOUSING TO MODERATE AND LOW INCOME ELDERLY HOUSEHOLDS THROUGH THE RENTAL OF 72 UNITS AT AN APARTMENT PROJECT IN EAST GRANBY, CONNECTICUT.


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Board, Officers & Key Employees

Name (title)Compensation
Joan Froscio
Director
$0
James Hayden
President
$0
Clifford Gibson
Vice Preside
$0
William Mcgarry
Treasurer
$0
Mary Ellen Brown
Director
$0
Janice Gibson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $170,749
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$170,749
Total Program Service Revenue$457,700
Investment income $334
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $628,783

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