Cil Realty Inc
- Assets
- $30.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 07/1986
- Data as of
- 06/2023
- EIN
- 06-1140680
Organization Overview
Cil Realty Inc is located in Hartford, CT. The organization was established in 1986. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Cil Realty 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 06/2023, Cil Realty Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GROUP HOMES FOR PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDED 06/30/2023, CIL REALTY ACQUIRED, DEVELOPED, LEASED AND MANAGED APPROXIMATELY 49 LICENSED RESIDENTIAL FACILITIES TO HOUSE PERSONS WITH DISABILITIES IN CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Schwendy President/ceo | OfficerTrustee | 40 | $0 |
Maria Green Secretary/cfo | OfficerTrustee | 40 | $0 |
Gioia Zack Chair | OfficerTrustee | 0.3 | $0 |
Jack Soos Vice Chair | OfficerTrustee | 0.3 | $0 |
Kelly Reyngold Treasurer | OfficerTrustee | 0.3 | $0 |
Rev Joseph Black Assistant Treasurer | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mike Lachance Construction Llc General Contractor | 6/29/21 | $590,417 |
Gonzalez Construction Llc General Contractor | 6/29/21 | $360,326 |
J Webster Properties General Contractor | 6/29/21 | $343,147 |
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 | $1,582,608 |
| Investment income | $15,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,634,475 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,126 |
| Fees for services: Accounting | $1,800 |
| 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 | $3,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,171 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,217,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,373 |
| Insurance | $73,900 |
| All other expenses | $5,855 |
| Total functional expenses | $1,479,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,086 |
| Savings and temporary cash investments | $4,356,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $197,476 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,809 |
| Net Land, buildings, and equipment | $6,921,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,423,553 |
| Intangible assets | $0 |
| Other assets | $3,040,062 |
| Total assets | $30,170,086 |
| Accounts payable and accrued expenses | $148,234 |
| Grants payable | $0 |
| Deferred revenue | $101,978 |
| Tax-exempt bond liabilities | $17,794,628 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,330,709 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $387,060 |
| Total liabilities | $23,762,609 |
| Net assets without donor restrictions | $6,407,477 |
| 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 | $30,170,086 |