St Monicas Development Corporation

Organization Overview

St Monicas Development Corporation is located in Hartford, CT. The organization was established in 2018. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Monicas Development Corporation 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, St Monicas Development Corporation generated $70.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 61.5% each year . All expenses for the organization totaled $88.4k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION WAS CREATED TO DEVELOP THE SECOND CENTRY PROJECT ON APPROX 18 ACRES OF LAND AT 3575 MAIN STREET HARTFORD CT. THE SUBDIVISION WAS DIVIDED INTO 3 SEPARATE PARCELS FOR DEVELOPMENTAL PURPOSES. 60 UNIT APARTMENTS FOR THE ELDERLY 55 LOW INCOME HOMEOWNERS & A CHURCH

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING FOR LOW TO MODERATE INCOME HOMEOWNERS AND ELDERY


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Board, Officers & Key Employees

Name (title)Compensation
Elaine Stewart
Director
$0
Jennifer Dixon
Director
$0
Joseph Noel
Director
$0
Olive James
Director
$0
Walter Benjamin
Priesdent
$0
Tracy Johnson Russell
Priest
$0

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$0
Investment income $70,935
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 $70,935

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