Cil Realty Inc
- Assets
- $30.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 07/1986
- Data as of
- 06/2022
- 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 06/2022, Cil Realty Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
PROVIDE GROUP HOMES FOR PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FYE 06/30/2022, CIL REALTY ACQUIRED, DEVELOPED, LEASED AND MANAGED APPROXIMATELY 47 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 | 2.4 | $0 |
Gioia Zack Vice Chair | OfficerTrustee | 0.3 | $0 |
Barbara Pilarcik RN Treasurer | OfficerTrustee | 0.3 | $0 |
Sharon Malone Chair | OfficerTrustee | 0.3 | $0 |
Maria Green Secretary/cfo/director | OfficerTrustee | 2.4 | $0 |
Jack Soos Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Webster Properties General Contractor | 6/29/21 | $343,147 |
Mike Lachance Construction Llc General Contractor | 6/29/21 | $590,417 |
Gonzalez Construction Llc General Contractor | 6/29/21 | $360,326 |
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 | $1,652,783 |
| Investment income | $8,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $349,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,015,003 |
| 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 | $5,990 |
| Fees for services: Accounting | $1,750 |
| 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 | $3,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,143 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,120,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,034 |
| Insurance | $106,422 |
| All other expenses | $19,622 |
| Total functional expenses | $1,446,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,676 |
| Savings and temporary cash investments | $3,579,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,920 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $201,822 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,043 |
| Net Land, buildings, and equipment | $5,035,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,339,822 |
| Intangible assets | $0 |
| Other assets | $4,548,216 |
| Total assets | $30,023,997 |
| Accounts payable and accrued expenses | $381,598 |
| Grants payable | $0 |
| Deferred revenue | $72,667 |
| Tax-exempt bond liabilities | $18,978,274 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,338,532 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,771,071 |
| Net assets without donor restrictions | $6,252,926 |
| 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 | $30,023,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cil Realty Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hartford Foundation For Public Giving Hartford, CT PURPOSE: COMMUNITY MATTERS CAMPAIGN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Home For Children Brooklyn, NY | $34,218,405 | $23,455,311 |
Community Based Services Inc North Salem, NY | $21,316,827 | $22,708,330 |
Aid To The Developmentally Disabled Inc Riverhead, NY | $11,727,118 | $19,296,528 |
United Helpers Care Inc Ogdensburg, NY | $10,359,833 | $15,265,783 |
South Shore Association For Independent Living Inc Baldwin, NY | $15,533,435 | $16,812,940 |
Childrens Home Of Jefferson Watertown, NY | $16,958,713 | $16,096,937 |
Community Resource Center For The Developmentally Disabled Inc Bronx, NY | $8,612,894 | $17,540,807 |
Robert F Kennedy Childrens Action Corps Lancaster, MA | $8,178,483 | $14,493,083 |
Community Living Corporation Mount Kisco, NY | $5,634,587 | $14,614,569 |
Community Mainstreaming Associates Inc Westbury, NY | $10,857,099 | $14,953,024 |
Saint Vincents Services Inc Fall River, MA | $7,996,051 | $13,214,559 |
Long Island Center For Independent Living Inc Levittown, NY | $2,758,758 | $12,705,116 |