Newington Interfaith Housing Corp
- Assets
- $4.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Hartford, CT
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 06-0887229
Organization Overview
Newington Interfaith Housing Corp is located in Hartford, CT. The organization was established in 1974. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Newington Interfaith Housing Corp employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newington Interfaith Housing Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Newington Interfaith Housing Corp generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO MODERATE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OWNS AND OPERATES A 114 UNIT APARTMENT COMPLEX WHICH PROVIDES MODERATE INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hall President | OfficerTrustee | 0.3 | $0 |
Jim Briganti Vice President | OfficerTrustee | 0.3 | $0 |
Leeann Manke Treasurer | OfficerTrustee | 0.3 | $0 |
Stephen Woods Secretary | OfficerTrustee | 0.3 | $0 |
Donald Reney Jr Board Member | Trustee | 0.3 | $0 |
Melissa Haseley Board Member | Trustee | 0.3 | $0 |
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 | $1,206,234 |
| Investment income | $2,110 |
| 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 | $1,208,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $243,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,060 |
| Payroll taxes | $19,593 |
| Fees for services: Management | $69,000 |
| Fees for services: Legal | $1,765 |
| Fees for services: Accounting | $6,450 |
| 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 | $34,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $554,868 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,925 |
| Insurance | $18,978 |
| All other expenses | $0 |
| Total functional expenses | $1,141,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,137,540 |
| Savings and temporary cash investments | $300,352 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,683 |
| 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 | $7,569 |
| Net Land, buildings, and equipment | $2,787,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,238,462 |
| Accounts payable and accrued expenses | $190,440 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,154,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $145,441 |
| Total liabilities | $1,490,098 |
| Net assets without donor restrictions | $2,748,364 |
| 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 | $4,238,462 |
Grants Awarded
Over the last fiscal year, Newington Interfaith Housing Corp has awarded $627,980 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Newington, CT PURPOSE: CHARITABLE CONTRIBUTION | $303,990 |
Newington, CT PURPOSE: CHARITABLE CONTRIBUTION | $303,990 |
Wallingford, CT PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Wallingford, CT PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |