Housing Telecommunications Inc
- Assets
- $3.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cheshire, CT
- Founding
- 06/1998
- Data as of
- 12/2022
- 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 12/2022, Housing Telecommunications Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 8.8% 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 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 President And Chief Executive Officer | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Chair | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nan Mckay & Associates Revenue Share From Shared Services (Ppv) | 12/30/22 | $366,768 |
Consortium For Housing And Asset Management Inc Revenue Share From Shared Services (Ppv) | 12/30/22 | $154,077 |
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 | $2,554,034 |
| 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 | $2,554,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $597,838 |
| 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 | $880,671 |
| Pension plan accruals and contributions | $111,165 |
| Other employee benefits | $156,719 |
| Payroll taxes | $61,423 |
| Fees for services: Management | $20,144 |
| Fees for services: Legal | $2,741 |
| Fees for services: Accounting | $18,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,340 |
| Advertising and promotion | $18,864 |
| Office expenses | $92,208 |
| Information technology | $163,811 |
| Royalties | $0 |
| Occupancy | $19,984 |
| Travel | $21,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,470 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,757 |
| Insurance | $16,154 |
| All other expenses | $46,377 |
| Total functional expenses | $2,850,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,771,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $353,839 |
| Accounts receivable, net | $49,395 |
| 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 | $1,095 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,485 |
| Total assets | $3,199,913 |
| Accounts payable and accrued expenses | $194,108 |
| Grants payable | $0 |
| Deferred revenue | $554,883 |
| 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 | $138,175 |
| Total liabilities | $887,166 |
| Net assets without donor restrictions | $2,312,747 |
| 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 | $3,199,913 |