Alpha Home Inc
- Assets
- $5.7m
- Revenue
- $241.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 06-1235155
Organization Overview
Alpha Home Inc is located in New Haven, CT. The organization was established in 1989. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, 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. Alpha Home 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 12/2022, Alpha Home Inc generated $241.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $203.5k during the year ending 12/2022. 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
IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES BY ENSURING AFFORDABLE QUALITY HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JESSICA TANDY APARTMENTS ARE LOCATED IN THE SOUTH END OF BRIDGEPORT AND ADJOIN THE HARRISON APARTMENT/BRIDGEPORT BRANCH Y PROPERTY. THIS DEVELOPMENT PROVIDES HOUSING FOR SIX FAMILIES WITH SPECIAL NEEDS AND/OR CO-OCCURRING DISORDERS (MENTAL HEALTH DISABILITIES AND CHEMICAL ADDICTIONS). THE ALPHA COMMUNITY SERVICES BRANCH OF THE CENTRAL CONNECTICUT COAST YMCA EMPLOYS A CASE MANAGER TO PROVIDE SOCIAL SERVICES. THERE ARE SIX TWO-BEDROOM, TWO-STORY UNITS.
THE HERNAN'S HAVEN FOR YOUTH IS AN 11 UNIT PERMANENT SUPPORTIVE HOUSING CENTER LOCATED ON BOSTON AVENUE IN BRIDGEPORT, CONNECTICUT WHICH PROVIDES HOUSING FOR YOUNG ADULTS AGED 18 TO 24 YEARS OLD, AS WELL AS EMPLOYMENT TRAINING AND COLLEGE PREP. THE STATE OF CONNECTICUT DEPARTMENT OF HOUSING FUNDED THE CONVERSION OF A SIX-UNIT HOUSE INTO ELEVEN EFFICIENCY RESIDENTIAL UNITS RESTRICTED FOR AFFORDABILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stevenson President/ceo | OfficerTrustee | 1 | $0 |
Melissa Kessell Sr Vp/cfo | OfficerTrustee | 10 | $0 |
Carmen Colon-Marrero VP Of Bridgeport Y's | OfficerTrustee | 20 | $0 |
Louis Procaccini Chair | OfficerTrustee | 1 | $0 |
Michael Leone Treasurer | OfficerTrustee | 1 | $0 |
Sabine Kuczo Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,767 |
| 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 | $132,767 |
| Total Program Service Revenue | $108,406 |
| Investment income | $0 |
| 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 | $241,173 |
| 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 | $83,315 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| 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 | $3,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,384 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,759 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $203,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,991,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,895,733 |
| Total assets | $5,660,240 |
| Accounts payable and accrued expenses | $60,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,532,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,114,209 |
| Total liabilities | $5,706,659 |
| Net assets without donor restrictions | -$46,419 |
| 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 | $5,660,240 |