Garden Homes Fund
- Assets
- $20.6m
- Revenue
- $4.6m
- Investments
- $13.1m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 10/2014
- Data as of
- 12/2021
- 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 12/2021, Garden Homes Fund generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Garden Homes Fund has awarded 523 individual grants totaling $7,246,934. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF LAND AND BUILDING 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Freedman Trustee | 0 | $0 | |
Jane Freedman Trustee | 0 | $0 | |
Deborah Freedman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,200 |
| Dividends & Interest | $0 |
| Net Rental Income | $925,352 |
| Net Gain on Sale of Assets | $22,450 |
| Capital Gain Net Income | $22,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,034,890 |
| Total Revenue | $4,598,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $48,710 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $362,782 |
| Depreciation | $85,577 |
| Occupancy | $74,732 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $922,001 |
| Total operating and administrative expenses | $1,735,567 |
| Contributions, gifts, grants paid | $948,750 |
| Total expenses and disbursements | $2,684,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,093,197 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $498,400 |
| 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 | $1,880,133 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,075,948 |
| Net Land, buildings, and equipment | $387,538 |
| Other assets | $2,660,604 |
| Total assets | $20,595,820 |
| Accounts payable and accrued expenses | $69,035 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $182,661 |
| Total liabilities | $251,696 |
Grants Awarded
Over the last fiscal year, Garden Homes Fund has awarded $948,750 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: DONATION | $100,000 |
New Haven, CT PURPOSE: DONATION | $75,500 |
JEWISH COMMUNITY CENTER PURPOSE: DONATION | $60,000 |
New Haven, CT PURPOSE: DONATION | $60,000 |
FUTURE FIVE PURPOSE: DONATION | $55,000 |
Stamford, CT PURPOSE: DONATION | $50,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |