Sha Development Corp
- Assets
- $752.5k
- Revenue
- -$38.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seymour, CT
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 06-1472242
Organization Overview
Sha Development Corp is located in Seymour, CT. The organization was established in 1997. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Sha Development 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, Sha Development Corp generated -$38.0 in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION OF 90 SECOND VIDEO HIGHLIGHTING THE 56 UNITS OF AFFORDABLE ELDERLY ASSIDTED LIVING AT SMITHFIELD GARDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda White President | 1 | $0 | |
Isolina Ortiz Board Member | 1 | $0 | |
Tamisha Davenport Treasurer | 1 | $0 | |
Domminick Bellucci Vice President | 1 | $0 | |
Rebecca Golebieski Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$38 |
| Total Revenue | -$38 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,388 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,779 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $630,750 |
| Total assets | $752,529 |
| Accounts payable and accrued expenses | $1,365 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,365 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sha Development Corp has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Bowdoin Apartments Corp Malden, MA PURPOSE: PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |
Providence Housing Development Corporation Rochester, NY | $12,131,024 | $9,484,321 |
Equinox Inc Albany, NY | $7,754,124 | $11,254,428 |
Rochester Management Inc Rochester, NY | $15,106,778 | $10,149,651 |
Jerome Avenue Care For The Homeless New York, NY | $8,771,577 | $9,215,112 |
Oub Court Housing Company Inc Bronx, NY | $15,971,755 | $7,036,525 |
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Garden City, NY | $32,454,650 | $10,208,365 |
Hebrew Home Housing Development Fund Co Inc Bronx, NY | $13,025,058 | $6,258,776 |
Mishawum Park Tenants Association Inc Braintree, MA | $36,767,027 | $4,697,884 |
Fordham Bedford Housing Corp Bronx, NY | $73,266,623 | $9,182,543 |
St Margarets House Housing Development Fund Corporation New York, NY | $22,602,374 | $9,828,020 |