Garden Homes Fund
- Assets
- $26.4m
- Revenue
- $5.2m
- Investments
- $12.6m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 06-1043730
Organization Overview
Garden Homes Fund is located in Stamford, CT. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden Homes Fund 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 12/2023, Garden Homes Fund generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Garden Homes Fund has awarded 721 individual grants totaling $9,123,384. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION COSTS AT 1114 HOPE ST., STAMFORD, CT TO CONSTRUCT AN APARTMENT DEVELOPMENT TO PROVIDE 100% AFFORDABLE HOUSING TO LOW AND VERY LOW INCOME RESIDENTS. TO RELIEVE THE POOR AND DISTRESSED.
OPERATION OF TWO 100% AFFORDABLE HOUSING PROJECTS THAT PROVIDE 100% AFFORDABLE HOUSING TO LOW AND VERY LOW INCOME RESIDENTS. TO RELIEVE THE POOR AND DISTRESSED. (EXPENSES REFLECTED ON PAGE 1 COLUMN D)
CONSTRUCTION COSTS FOR BUILDING AT 122 WILTON RD, WESTPORT, CT 06880 TO CONSTRUCT AN APARTMENT DEVELOPMENT TO PROVIDE 100% AFFORDABLE HOUSING TO LOW AND VERY LOW INCOME RESIDENTS. TO RELIEVE THE POOR AND DISTRESSED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Freedman Trustee | 0 | $0 | |
Richard Freedman Trustee | 0 | $0 | |
Deborah Freedman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,086 |
| Dividends & Interest | $0 |
| Net Rental Income | $925,802 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,297,900 |
| Total Revenue | $5,166,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $104,169 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $443,873 |
| Depreciation | $154,318 |
| Occupancy | $67,967 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,052,421 |
| Total operating and administrative expenses | $2,112,615 |
| Contributions, gifts, grants paid | $903,150 |
| Total expenses and disbursements | $3,015,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,954 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $116,442 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,369,285 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,569,023 |
| Net Land, buildings, and equipment | $7,294,526 |
| Other assets | $3,880,936 |
| Total assets | $26,360,166 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $217,468 |
| Total liabilities | $1,217,468 |
Grants Awarded
Over the last fiscal year, Garden Homes Fund has awarded $903,150 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK COUNCIL PURPOSE: DONATION | $2,500 |
AMERICAN WHITEWATER PURPOSE: DONATION | $1,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: DONATION | $5,000 |
BARTLETT ARBORETUM PURPOSE: DONATION | $25,000 |
CHILDCARE LEARNING CENTERS PURPOSE: DONATION | $15,000 |
CHILD GUIDANCE CENTER OF SCT PURPOSE: DONATION | $15,000 |