Vernon Non-Profit Housing Development Corporation
- Assets
- $846.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, CT
- Founding
- 07/1996
- Data as of
- 06/2018
- EIN
- 06-1421651
Organization Overview
Vernon Non-Profit Housing Development Corporation is located in Rockville, CT. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Vernon Non-Profit Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
PURCHASE AND/OR REHABILITATE HOUSING TO BE MADE AVAILABLE TO QUALIFIED, LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION OF RESIDENTIAL PROPERTY TO BE SOLD TO QUALIFIED LOW INCOME ELIGIBLE FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Vale Vice President | OfficerTrustee | 0.25 | $0 |
Nancy Osborn President | OfficerTrustee | 0.25 | $0 |
Richard Stroiney Treasurer | OfficerTrustee | 0.25 | $0 |
Jeffrey Arn Executive Director/secretary | Officer | 0.25 | $0 |
Mike O'neil Director | Trustee | 0.25 | $0 |
Daniel Champagne Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $825 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,333 |
| All other expenses | $0 |
| Total functional expenses | $4,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $587,510 |
| Total assets | $846,794 |
| Accounts payable and accrued expenses | $7,535 |
| 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 | $150,726 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,097 |
| Total liabilities | $210,358 |
| Net assets without donor restrictions | $636,436 |
| 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 |
| Total liabilities and net assets/fund balances | $636,436 |
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