Greater Stonington Realty Corporation
- Assets
- $558.6k
- Revenue
- $506.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Pawcatuck, CT
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-3845814
Organization Overview
Greater Stonington Realty Corporation is located in Pawcatuck, CT. The organization was established in 2015. 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. Greater Stonington Realty 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 12/2023, Greater Stonington Realty Corporation generated $506.9k in total revenue. All expenses for the organization totaled $4.3k during the year ending 12/2023. While expenses have increased by 21.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROMOTE AND EDUCATE AFFORDABLE HOUSING AVAILABLE TO INDIVIDUALS AND FAMILIES IN THE GEOGRAPHIC AREA LOCATED AROUND STONINGTON, CONNECTICUT. THE SPECIFIC PURPOSE OF THE CORPORATION IS TO DEVELOP, REDEVELOP, MANAGE, SPONSOR, OWN, AND EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING FOR VERY LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE GREATER STONINGTON AREA. IN FURTHERANCE OF ITS PURPOSE, THE CORPORATION MAY BUILD, ACQUIRE, RENOVATE, REHABILITATE, AND REVITALIZE STRUCTURES TO BE OCCUPIED BY VERY LOW, LOW, AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE AREA SERVED BY THE CORPORATION ON ITS OWN OR IN COLLABORATION WITH OTHER ORGANIZATIONS, PUBLIC AND PRIVATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENT LAND DEVELOPMENT PROJECTS FOR STONINGTON HOUSING AUTHORITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Careb President | OfficerTrustee | 1 | $0 |
Julie Savin Treasurer | OfficerTrustee | 1 | $0 |
William Geary Secretary | OfficerTrustee | 1 | $0 |
Suzanne Fetter Director | Trustee | 1 | $0 |
David Bouffard Director | Trustee | 1 | $0 |
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 | $505,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,877 |
| 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 | $506,877 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $4,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $558,585 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $558,585 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $558,585 |
| 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 | $558,585 |