Hacd Corp
- Assets
- $3.5m
- Revenue
- $960.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 08/1993
- Data as of
- 12/2022
- 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 12/2022, Hacd Corp generated $960.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 8 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
2022
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 21 UNITS OF LOW-INCOME HOUSING IN DANBURY, CONNECTICUT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff M Rieck Executive Director | Officer | 5 | $0 |
Jeffrey A Pagelson Chief Financial Officer | Officer | 5 | $0 |
Jennifer Delaney Director Of Operations | 5 | $0 | |
Jessica Castro Operations Manager | 5 | $0 | |
Domenico Chieffalo Chairman | OfficerTrustee | 1 | $0 |
Raymond Yamin Vice Chairman | OfficerTrustee | 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 | $959,597 |
| Investment income | $133 |
| 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 | $960,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $950,230 |
| 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 | $15,717 |
| Pension plan accruals and contributions | $8,298 |
| Other employee benefits | $4,780 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,825 |
| Fees for services: Accounting | $14,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49 |
| Office expenses | $6,632 |
| Information technology | $565 |
| Royalties | $0 |
| Occupancy | $15,743 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,232 |
| Insurance | $15,535 |
| All other expenses | $960 |
| Total functional expenses | $1,079,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,966 |
| Savings and temporary cash investments | $380,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,873 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,415,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,059 |
| Net Land, buildings, and equipment | $322,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $184 |
| Other assets | $174,494 |
| Total assets | $3,468,870 |
| Accounts payable and accrued expenses | $18,641 |
| 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 | $187,645 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,878 |
| Total liabilities | $233,164 |
| Net assets without donor restrictions | $3,235,706 |
| 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 | $3,468,870 |