Housing Telecommunications Inc
- Assets
- $3.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Cheshire, CT
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 06-1386493
Organization Overview
Housing Telecommunications Inc is located in Cheshire, CT. The organization was established in 1998. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Telecommunications 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 12/2021, Housing Telecommunications Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 7.4% 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 DELIVER TRAINING AND EDUCATION PROGRAMS THROUGH A VARIETY OF MEDIA TO PUBLIC AND AFFORDABLE HOUSING AUTHORITIES AND THEIR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERING TRAINING AND EDUCATION PROGRAMS THROUGH A VARIETY OF MEDIA TO EMPLOYEES AND RESIDENTS OF PUBLIC AND LOW INCOME AND AFFORDABLE HOUSING AUTHORITIES THROUGHOUT THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, Learning Solutions | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nan Mckay And Associates Inc Consulting Services | 12/30/17 | $224,606 |
Housing Authority Risk Retention Group Inc Management Services | 12/30/17 | $1,242,966 |
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 | $2,521,035 |
| 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 | $2,521,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $485,323 |
| 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 | $756,812 |
| Pension plan accruals and contributions | $92,461 |
| Other employee benefits | $128,592 |
| Payroll taxes | $54,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,537 |
| Fees for services: Accounting | $16,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,093 |
| Advertising and promotion | $7,001 |
| Office expenses | $52,826 |
| Information technology | $141,189 |
| Royalties | $0 |
| Occupancy | $3,597 |
| Travel | $11,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,134 |
| Insurance | $21,715 |
| All other expenses | $18,109 |
| Total functional expenses | $2,382,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,340,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $81,677 |
| Accounts receivable, net | $54,647 |
| 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 | $1,045 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,621 |
| Total assets | $3,506,067 |
| Accounts payable and accrued expenses | $250,356 |
| Grants payable | $0 |
| Deferred revenue | $553,866 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,217 |
| Total liabilities | $896,439 |
| Net assets without donor restrictions | $2,609,628 |
| 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 | $3,506,067 |
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