Naugatuck Valley Housing Development Corporation
- Assets
- $78.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterbury, CT
- Founding
- 03/1989
- Data as of
- 08/2022
- EIN
- 22-2898850
Organization Overview
Naugatuck Valley Housing Development Corporation is located in Waterbury, CT. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Naugatuck Valley 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.
For the year ending 08/2022, Naugatuck Valley Housing Development Corporation generated $27.1k 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 (3.0%) each year. All expenses for the organization totaled $18.3k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANZIATION PROVIDES GUIDANCE AND TRAINING TO COOPERATIVES, ACQUIRES FUNDING AND ACTS AS DEVELOPER FOR NEW COOPERATIVES AND AFFORDABLE HOUSING. RECEIVES LEASE FEES FROM MEMBERS FOR LAND WHICH IT HAS PROPRIETORY CONTROL OVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Lush Treasurer | 0 | $0 | |
Father Cooney President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,480 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,588 |
| Total Revenue | $27,068 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,307 |
| Professional fees and other payments to independent contractors | $8,658 |
| Occupancy, rent, utilities, and maintenance | $527 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,791 |
| Total expenses | $18,283 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,644 |
| Other assets | $0 |
| Total assets | $78,644 |
| Total liabilities | $149 |
| Net assets or fund balances | $78,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |
Crotona Park West Housing Development Fund Corporation New York, NY | $24,353,081 | $7,261,955 |
Evergreen Estates Housing Development Fund Company Inc New York, NY | $7,286,125 | $3,876,768 |
Bushwick United Housing Development Fund Corporation Brooklyn, NY | $1,708,540 | $8,681,801 |
Settlement Housing Fund Inc New York, NY | $50,728,547 | $11,765,294 |
Associated Blind Housing Development Fund Inc Suffern, NY | $60,912,247 | $8,378,742 |
Housing Plus Solutions Inc Brooklyn, NY | $3,042,973 | $8,488,252 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Hearth Inc Boston, MA | $12,790,165 | $7,949,326 |
Neighbors Of Watertown Inc Watertown, NY | $21,338,681 | $8,351,713 |
Hope Community Inc New York, NY | $47,085,503 | $9,079,771 |
Mercy Haven Inc islip terrace, NY | $17,804,719 | $7,418,367 |