New Haven Homeownership Center Inc
- Assets
- $925.5k
- Revenue
- $726.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 06-1613212
Organization Overview
New Haven Homeownership Center Inc is located in New Haven, CT. The organization was established in 2001. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Haven Homeownership Center 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, New Haven Homeownership Center Inc generated $726.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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 PROVIDE LENDING SERVICES AND RELATED HOME OWNERSHIP EDUCATION TO RESIDENTS OF OR PROSPECTIVE HOME BUYERS IN THE CITY OF NEW HAVEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LENDING SERVICES AND RELATED HOME OWNERSHIP EDUCATION TO RESIDENTS OF OR PROSPECTIVE HOME BUYERS IN THE CITY OF NEW HAVEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Heller Vice Preside | Officer | 2 | $0 |
Sarah Mcqueen Treasurer | Officer | 2 | $0 |
Leslie Radcliffe President | Officer | 2 | $0 |
Virginia Stevenson Secretary | Officer | 2 | $0 |
Glenn Davis Board Member | Trustee | 2 | $0 |
Velma George Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,411 |
| Total Program Service Revenue | $404,669 |
| Investment income | $619 |
| 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 | $726,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $498,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,069 |
| Payroll taxes | $38,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $22,171 |
| Total functional expenses | $1,294,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $465,137 |
| Pledges and grants receivable | $13,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,378 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,699 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,782 |
| Total assets | $925,496 |
| Accounts payable and accrued expenses | $4,298 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,527 |
| 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 | $1,180,196 |
| Total liabilities | $1,218,021 |
| Net assets without donor restrictions | -$292,525 |
| 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 | $925,496 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Haven Homeownership Center Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Consumer Credit Counseling Inc Auburndale, MA | $18,184,034 | $13,306,197 |
Cambridge Credit Counseling Corp Agawam, MA | $10,545,696 | $7,101,425 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |
Safeguard Credit Counseling Services Inc Northport, NY | $4,600,765 | $1,433,533 |
New Haven Homeownership Center Inc New Haven, CT | $925,496 | $726,500 |
Grow Brooklyn Inc Brooklyn, NY | $930,864 | $1,128,015 |
Neighborhood Housing Services Of Brooklyn Bedford-Stuyvesant Cdc In Brooklyn, NY | $839,212 | $801,648 |