Kings Daughters & Sons Housing Inc
- Assets
- $5.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Norwalk, CT
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 06-0915002
Organization Overview
Kings Daughters & Sons Housing Inc is located in Norwalk, CT. The organization was established in 1995. 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. As of 12/2022, Kings Daughters & Sons Housing Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Daughters & Sons Housing 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 12/2022, Kings Daughters & Sons Housing Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 17.8% per year over the past 4 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 LOW INCOME HOUSING FOR ELDERLY MEN AND WOMEN 62 YEARS OF AGE OR ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW INCOME HOUSING FOR ELDERLY MEN AND WOMEN 62 YEARS OF AGE OR ABOVE UTILIZING THE SECTION 8 SUBSIDY PROGRAM THROUGH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
PROVIDE LOW INCOME HOUSING FOR ELDERLY MEN AND WOMEN 62 YEARS OF AGE OR ABOVE UTILIZING THE SECTION 8 SUBSIDY PROGRAM THROUGH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Callahan Chairman | OfficerTrustee | 1 | $0 |
Louis Diberardino Secretary | OfficerTrustee | 1 | $0 |
Kevin Toohill Treasurer | OfficerTrustee | 1 | $0 |
Thomas Devine Vice President | Trustee | 1 | $0 |
Cindy Fitzgerald Director | Trustee | 1 | $0 |
Frank Binetti Director | Trustee | 1 | $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 | $3,160,896 |
| Investment income | $385 |
| 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 | $3,200,658 |
| 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. | $273,503 |
| Compensation of current officers, directors, key employees. | $30,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $513,076 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $360,724 |
| Payroll taxes | $0 |
| Fees for services: Management | $189,386 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,797 |
| Advertising and promotion | $345 |
| Office expenses | $118,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $511,771 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,020 |
| Insurance | $90,384 |
| All other expenses | $62,532 |
| Total functional expenses | $3,256,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,926 |
| Savings and temporary cash investments | $1,428,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $42,310 |
| Net Land, buildings, and equipment | $3,884,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,543 |
| Total assets | $5,547,762 |
| Accounts payable and accrued expenses | $96,457 |
| 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 | $23,418 |
| Unsecured mortgages and notes payable | $84,281 |
| Other liabilities | $41,723 |
| Total liabilities | $245,879 |
| Net assets without donor restrictions | $5,301,883 |
| 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 | $5,547,762 |