Cil Community Resources Incorporated
- Assets
- $20.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 26-3260036
Organization Overview
Cil Community Resources Incorporated is located in Hartford, CT. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cil Community Resources Incorporated 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 06/2023, Cil Community Resources Incorporated generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSTRUCT NON-RESIDENTIAL SPACE FOR OTHER NOT FOR PROFIT ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR NON RESIDENTIAL PORTFOLIO NOW CONSISTS OF 8 SITES THROUGHOUT CONNECTICUT WITH A TOTAL SQUARE FOOTAGE OF MORE THAN 180,000 SQUARE FEET AND VALUED AT MORE THAN $16 MILLION DOLLARS. PERMANENT FINANCING HAS BEEN PROVIDED FOR MOST OF THESE PROPERTIES, WITH BONDS ISSUED THROUGH CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Schwendy President/ceo | OfficerTrustee | 40 | $0 |
Maria Green Secretary/cfo | OfficerTrustee | 40 | $0 |
Gioia Zack Chair | OfficerTrustee | 0.3 | $0 |
Jack Soos Vice Chair | OfficerTrustee | 0.3 | $0 |
Kelly Reyngold Treasurer | OfficerTrustee | 0.3 | $0 |
Rev Joseph Black Assistant Treasurer | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cil General Contractor | 6/29/18 | $247,561 |
Tolly's Restoration General Contractor | 6/29/18 | $170,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,740,175 |
| Investment income | $749 |
| 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 | $1,852,179 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,000 |
| Fees for services: Legal | $18,457 |
| Fees for services: Accounting | $2,800 |
| 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 | $47,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $762,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $615,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689,130 |
| Insurance | $83,558 |
| All other expenses | $5,593 |
| Total functional expenses | $2,357,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,607 |
| Savings and temporary cash investments | $342,032 |
| Pledges and grants receivable | $65,646 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,452 |
| Net Land, buildings, and equipment | $8,196,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,223,130 |
| Intangible assets | $0 |
| Other assets | $5,834,026 |
| Total assets | $20,937,513 |
| Accounts payable and accrued expenses | $305,152 |
| Grants payable | $0 |
| Deferred revenue | $21,390 |
| Tax-exempt bond liabilities | $8,278,410 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,131,713 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,663,478 |
| Total liabilities | $22,400,143 |
| Net assets without donor restrictions | -$1,462,630 |
| 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 | $20,937,513 |