Loyola Development Corporation
- Assets
- $148.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Waterbury, CT
- Founding
- 05/2009
- Data as of
- 06/2017
- EIN
- 26-1622245
Organization Overview
Loyola Development Corporation is located in Waterbury, CT. The organization was established in 2009. 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. Loyola 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 06/2017, Loyola Development Corporation generated $17.1k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $78.5k during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (30.2%) per year over the past 2 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
2017
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Steck Director | Trustee | 2 | $0 |
William Summa Jr Director | Trustee | 2 | $0 |
Susan Torres Director | Trustee | 2 | $0 |
Orlando Perez Director | Trustee | 2 | $0 |
Kevin Mccarthy Director | Trustee | 2 | $0 |
Vicky Encarnacion Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,145 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,145 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,511 |
| Professional fees and other payments to independent contractors | $1,142 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,813 |
| Total expenses | $78,466 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,151 |
| Other assets | $0 |
| Total assets | $148,498 |
| Total liabilities | $3,665 |
| Net assets or fund balances | $144,833 |