Mutual Housing Association Of Greater Hartford Inc

Organization Overview

Mutual Housing Association Of Greater Hartford Inc is located in Hartford, CT. The organization was established in 1988. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Mutual Housing Association Of Greater Hartford Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual Housing Association Of Greater Hartford 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, Mutual Housing Association Of Greater Hartford Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 11.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MUTUAL HOUSING ASSOCIATION OF GREATER HARTFORD, INC. DEVELOPS AND MANAGES AFFORDABLE HOUSING IN GREATER HARTFORD WHILE ENGAGING RESIDENTS IN LEADERSHIP AND EDUCATIONAL OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING 72 UNITS OF LOW AND MODERATE INCOME HOUSING IN THE PARK TERRACE 1, ANVIL PLACE, 233 ALLEN STREET AND BRICK HOUSING RESIDENTIAL APARTMENT COMPLEXES.


PREVENTION AND ELIMINATION OF NEIGHBORHOOD DETERIORATION BY SPONSORING, DEVELOPING, OWNING, AND/OR OPERATING QUALITY HOUSING FOR LOW AND MODERATE INCOME RESIDENTS IN HARTFORD COUNTY, CT


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Board, Officers & Key Employees

Name (title)Compensation
Ana Alfaro
Director
$0
Calvin Richardson
Director
$0
David Sagers
Director
$0
Emily Hultquist
President
$0
Glenn Davis
Outgoing President
$0
Hector Soto
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
D Sayadoff Inc
Painting And Carpentry
$422,980
Dalene Flooring
Flooring
$305,904
Crosskey Architects
Architectural Services
$150,305
O'konis Electric Llc
Electrical Work
$203,506
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $532,247
All other contributions, gifts, grants, and similar amounts not included above$236,417
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$768,664
Total Program Service Revenue$1,884,878
Investment income $253,141
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$7,350
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,301,543

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