Greater Stonington Realty Corporation

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.

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)Compensation
Kathleen Careb
President
$0
Julie Savin
Treasurer
$0
William Geary
Secretary
$0
Suzanne Fetter
Director
$0
David Bouffard
Director
$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

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