Southside Institutions Neighborhood Alliance Inc is located in Hartford, CT. The organization was established in 1979. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Southside Institutions Neighborhood Alliance Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southside Institutions Neighborhood Alliance 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, Southside Institutions Neighborhood Alliance Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 4 years. 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
SINA IS A PARTNERSHIP OF CT CHILDRENS MEDICAL CTR, HARTFORD HOSPITAL TRINITY COLLEGE THAT WORKS COOPERATIVELY WITH COMMUNITY STAKEHOLDERS TO IMPROVE ECONOMIC VITALITY THE QUALITY OF LIFE IN SOUTH CENTRAL HARTFORD
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PUBLIC RELATIONS PROGRAMS INCLUDING ORGANIZING AND FUNDING MEETINGS, ATTENDANCE AT AND SPONSORSHIP OF EVENTS HELD BY OTHER LOCAL NONPROFITS, AS WELL AS OCCASIONAL FINANCIAL ASSISTANCE FOR THEIR PROGRAMS, PUBLIC RELATIONS CONSULTANTS FEES, STRATEGIC PLANNING AND VARIOUS OTHER ITEMS SUCH AS HOLIDAY CARDS, ADVERTISING ETC. THESE PROGRAMS ALL RELATE TO BUILDING RELATIONSHIPS, CONTACTS AND WORKING WITH ORGANIZATIONS AND INDIVIDUALS FOR THE BETTERMENT OF THE SINA NEIGHBORHOOD. SINA ALSO PUBLISHES A NEWSLETTER MAINTAINS A WEB SITE TO FURTHER ADVISE ABOUT THE SERVICES WE PROVIDE AND THE RESULTS OF OUR EFFORTS. SINA SOMETIMES PROVIDES SERVICES, SUCH AS ACCOUNTING OR FIDUCIARY ASSISTANCE TO OTHER ORGANIZATIONS AND OUR EMPLOYEES AND BOARD MEMBERS OR STAFF OFTEN SERVE AS MEMBERS FOR OTHER ORGANIZATIONS SUCH AS NEIGHBORHOOD REVITALIZATION ZONE PLANNING COMMITTEES.
EDUCATIONAL AND OTHER PROGRAMS DIRECTED TOWARD NEIGHBORHOOD RESIDENTS INCLUDING THE SINA/IVAN BACKER SCHOLARSHIPS AND OTHER SCHOLARSHIPS AWARDED TO LOCAL STUDENTS ATTENDING COLLEGE, THE R.E.A.C.H. RECOGNITION, EDUCATION, ACHIEVEMENT AND COMMUNITY HEALTH COMMITTEE ANNUAL BANQUET AT WHICH THE NEIGHBORHOOD SERVICE AWARDS ARE PRESENTED HONORING INDIVIDUALS FOR THEIR EFFORTS IN THE IMPROVEMENT OF THE SINA NEIGHBORHOOD, NEIGHBORHOOD SAFETY PROGRAMS INCLUDING FACILITATING THE INTEGRATION OF EFFORTS BY THE SECURITY TEAMS AT OUR MEMBER INSTITUTIONS AND THE HARTFORD POLICE AND NEIGHBORHOOD CLEANUP EVENTS, PROVIDE SUPPORT FOR SCHOOL PROGRAMS SUCH AS THE MARIA C. SANCHEZ FAMILTY FUN NIGHT AND READING PROGRAMS, EMPLOYMENT PROGRAMS DESIGNED TO FACILITATE EMPLOYMENT OF NEIGHBORHOOD RESIDENTS AT THE SINA INSTITUTIONS PROVIDING WALK TO WORK EMPLOYMENT, MANAGED PRODUCTION OF MURALS CELEBRATING NEIGHBORHOOD HEROES, OPERATED THE BROAD STREET ART GARDEN PROVIDING OPPORTUNITY FOR RESIDENTS TO GROW THEIR OWN FOOD AND PROVIDE ATTRACTIVE SPACE, ADMINISTERED GRANTS TO LOCAL ORGANIZATIONS FOR CONTRIBUTORS
DEVELOPMENT PROGRAMS HOUSING, REAL ESTATE ECONOMIC DEVELOPMENT INCLUDING OPERATING 42 VERNON ST. CITYSCAPE APTS PROVIDING 83 UNITS OF LOW INCOME RENTAL HOUSING, MAINTENANCE AND CARRYING COST FOR OTHER PROPERTIES HELD FOR DEVELOPMENT, PROVIDING FUNDING TO SUBSIDIARIES DEVELOPING EITHER LOW INCOME RENTAL HOUSING OR CONSTRUCTING HOMES FOR SALE TO LOW TO MODERATE INCOME BUYERS ALL HOUSING EFFORTS ARE WITHIN THE SINA NEIGHBORHOOD, 83 UNITS OF LOW INCOME RENTALS WERE REHABILITATED TO DATE AND 69 HOUSES WERE DEVELOPED AND SOLD IN THE HOMEOWNERSHIP PROGRAM, SOLD UNDEVELOPED LAND TO OTHER LOW INCOME HOUSING DEVELOPERS AT DISCOUNTED COSTS FOR THEIR PROJECTS, ECONOMIC DEVELOPMENT EFFORTS SUCH AS COOPERATIVE EFFORTS WITH LOCAL BUSINESSES TO PROVIDE HOLIDAY LIGHTING, PURSUE FUNDING FOR PROJECTS, FUNDING SAFETY TRAFFIC STUDIES, AND INVOLVEMENT IN STREETSCAPE IMPROVEMENT PROJECTS. PERFORMING FOLLOW UP ACTIVITIES FROM OUR STUDY FOR INCREASING ECONOMIC DEVELOPMENT IN OUR NEIGHBORHOOD INCLUDING ANCHOR INSTITUTION CONCEPTS PRACTICES FROM AROUND THE COUNTRY WITH NATIONALLY KNOWN CONSULTANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melvyn Colon Executive Director | Officer | 40 | $139,750 |
Dean Iaiennaro Director, Real Estate Development | 40 | $116,643 | |
Keith Hedman Chief Financial Officer | Officer | 40 | $104,727 |
Jane Baird Chairman | OfficerTrustee | 0.5 | $0 |
Dan Hitchell Treasurer | OfficerTrustee | 0.5 | $0 |
Greg Jones Secretary | OfficerTrustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $748,548 |
Government grants | $65,197 |
All other contributions, gifts, grants, and similar amounts not included above | $178,249 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $991,994 |
Total Program Service Revenue | $648,308 |
Investment income | $5,603 |
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 | $1,713,005 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $75,500 |
Grants and other assistance to domestic individuals. | $14,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $292,970 |
Compensation of current officers, directors, key employees. | $129,878 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $309,913 |
Pension plan accruals and contributions | $29,339 |
Other employee benefits | $50,913 |
Payroll taxes | $40,695 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,000 |
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 | $26,490 |
Information technology | $11,362 |
Royalties | $0 |
Occupancy | $29,741 |
Travel | $6,896 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $846 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,761 |
Insurance | $19,925 |
All other expenses | $0 |
Total functional expenses | $1,743,669 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $212,003 |
Savings and temporary cash investments | $2,702,298 |
Pledges and grants receivable | $195,257 |
Accounts receivable, net | $109,730 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $358,184 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,463 |
Net Land, buildings, and equipment | $146,952 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,571,157 |
Intangible assets | $0 |
Other assets | $94,768 |
Total assets | $5,391,812 |
Accounts payable and accrued expenses | $197,311 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $100 |
Total liabilities | $197,411 |
Net assets without donor restrictions | $5,119,928 |
Net assets with donor restrictions | $74,473 |
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 | $5,391,812 |
Over the last fiscal year, Southside Institutions Neighborhood Alliance Inc has awarded $290,101 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
POPE PARK ZION LLC PURPOSE: Low Income Housing | $25,000 |
URBAN PRESERVATION I LLC PURPOSE: Low Income Housing | $265,101 |