Mutual Housing Association Of Greater Hartford Inc
- Assets
- $35.2m
- Revenue
- $3.6m
- Investments
- $15.4m
- Employees
- 31
- Location
- Hartford, CT
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 22-2925052
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 12/2021, Mutual Housing Association Of Greater Hartford Inc employed 31 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 12/2021, Mutual Housing Association Of Greater Hartford Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.2m 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
THE MUTUAL HOUSING ASSOCIATION OF GREATER HARTFORD, INC. DEVELOPS AND MANAGES AFFORDABLE HOUSING IN GREATER HARTFORD WHILE ENGAGING RESIDENTS IN LEADERSHIP AND EDUCATIONAL OPPORTUNTIIES.
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 316 PARK 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) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Mackinnon Executive Director | Officer | 25 | $144,047 |
Silvia Goldman Outgoing Director Of Finance And Admin | Officer | 15 | $61,337 |
Maureen Cardone Director Of Finance | Officer | 15 | $24,910 |
Glenn Davis President | OfficerTrustee | 0.5 | $0 |
Nicholas Yanouzas Outgoing President | OfficerTrustee | 0.5 | $0 |
Emily Hultquist Vice Prsident | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D Sayadoff Inc Painting And Carpentry | 12/30/16 | $422,980 |
Crosskey Architects Architectural Services | 12/30/16 | $150,305 |
Dalene Flooring Flooring | 12/30/16 | $305,904 |
O'konis Electric Llc Electrical Work | 12/30/16 | $203,506 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,132,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,188,232 |
| Total Program Service Revenue | $1,996,857 |
| Investment income | $1,140 |
| 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 | $3,634,828 |
| 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. | $240,869 |
| Compensation of current officers, directors, key employees. | $111,463 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,300 |
| Payroll taxes | $60,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,344 |
| Fees for services: Accounting | $66,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,205 |
| Advertising and promotion | $5,138 |
| Office expenses | $119,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $504,445 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $582,206 |
| Insurance | $73,203 |
| All other expenses | $0 |
| Total functional expenses | $3,235,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,499,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,473,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,337,344 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,439 |
| Net Land, buildings, and equipment | $13,731,584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,409,776 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $670,828 |
| Total assets | $35,173,874 |
| Accounts payable and accrued expenses | $261,351 |
| Grants payable | $0 |
| Deferred revenue | $2,342,351 |
| 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 | $4,871,978 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $387,500 |
| Total liabilities | $7,863,180 |
| Net assets without donor restrictions | $27,310,694 |
| 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 | $35,173,874 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mutual Housing Association Of Greater Hartford Inc has recieved totaling $262,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $129,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: HUMAN SERVICES | $75,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: CAPACITY BUILDING | $40,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: CAPACITY BUILDING | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Prison Association And Home New York, NY | $6,652,586 | $9,309,545 |
Homes For The Homeless Institute Inc New York, NY | $69,885,275 | $9,054,313 |
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
St Vincents Development Inc Trumbull, CT | $27,854,287 | $3,404,975 |
Mutual Housing Association Of Greater Hartford Inc Hartford, CT | $35,173,874 | $3,634,828 |
Homeownership Affordability Trust Fund Providence, RI | $111,238,696 | $1,978,717 |
Urban Homeownership Corp New York, NY | $1,496,101 | $1,881,775 |
Building Owners And Managers Association Of Greater New York B New York, NY | $3,005,269 | $2,303,444 |
Newvue Affordable Housing Corporation Fitchburg, MA | $9,905,411 | $1,607,987 |
Joseph M Dassern Housing Corporation Dobbs Ferry, NY | $2,857,520 | $1,210,558 |
Woodridge Lake Property Owners Assoc Inc Goshen, CT | $4,741,298 | $1,466,454 |