Hacd Corp
- Assets
- $3.6m
- Revenue
- $859.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 06-1318124
Organization Overview
Hacd Corp is located in Danbury, CT. The organization was established in 1993. 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. Hacd Corp 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, Hacd Corp generated $859.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $960.3k during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR HOMELESS AND LOW INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HACD CORPORATION OWNS AND OPERATES 23 UNITS OF LOW-INCOME HOUSING IN DANBURY, CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Domenico Chieffalo Chairman | OfficerTrustee | 1 | $0 |
Raymond Yamin Vice Chairman | OfficerTrustee | 1 | $0 |
Jeff M Rieck Executive Director | Officer | 5 | $0 |
Jeffrey A Pagelson Chief Financial Officer | Officer | 5 | $0 |
Jacqueline Elam Chief Operating Officer | Officer | 5 | $0 |
Kevin Barry Commissioner | Trustee | 1 | $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 | $858,928 |
| Investment income | $132 |
| 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 | $859,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $849,099 |
| 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 | $12,927 |
| Pension plan accruals and contributions | $11,016 |
| Other employee benefits | $4,289 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $314 |
| Fees for services: Accounting | $8,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299 |
| Advertising and promotion | $47 |
| Office expenses | $4,509 |
| Information technology | $938 |
| Royalties | $0 |
| Occupancy | $14,481 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,233 |
| Insurance | $6,462 |
| All other expenses | $416 |
| Total functional expenses | $960,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,310 |
| Savings and temporary cash investments | $130,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,541,344 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,758 |
| Net Land, buildings, and equipment | $358,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $262 |
| Other assets | $116,150 |
| Total assets | $3,585,914 |
| Accounts payable and accrued expenses | $13,707 |
| 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 | $202,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,134 |
| Total liabilities | $231,850 |
| Net assets without donor restrictions | $3,354,064 |
| 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 | $3,585,914 |
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