Greater Stonington Realty Corporation
- Assets
- $58.3k
- Revenue
- $437.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pawcatuck, CT
- Founding
- 05/2015
- Data as of
- 12/2020
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S MISSION IS TO MAKE AFFORTABLE HOUSING AVAILABLE TO INDIVIDUALS AND FAMILIES IN THE GEOGRAPHIC AREA LOCATED AROUND STONINGTON, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020 GREATER STONINGTON REALTY CORPORATION DISTRIBUTED CONNECTICUT LIGHT & POWER DBA EVERSOURCE ENERGY GRANT MONEY TO EDYTHE K RICHMOND HOMES FOR WORK FACILITATED FOR THE COMMUNITY APARTMENT UPGRADES. THESE COMMUNITY APARTMENT UPGRADES CONSISTED OF A MAJOR SIDEWALK CONSTRUCTION PROJECT, INSTALLATION OF 44 MITSUBISHI HEAT AND AIR UNITS, PURCHASE AND INSTALLATION OF 28 POST TOPPER LED ENERGY EFFICIENT LIGHTING UNITS, 153 IN UNIT CEILING FIXTURES, AND TWO VANITY LIGHT FIXTURES. THESE COMMUNITY APARTMENT UPGRADES WILL CONTINUE INTO 2021.
IN 2020 PUBLIC & PRIVATE DONATIONS ASSISTED TO SUPPORT SUCH PROGRAMS AS CORPORATION SUPPORTIVE HOUSING SERVICES, A RESIDENT SERVICE COORDINATOR, UPDATED IT EQUIPMENT, AND OTHER ESSENTIAL PROGRAMS DEVELOPED TO ASSIST, PROMOTE, & EDUCATE INDIVIDUALS AND FAMILIES OF WHAT AFFORTABLE HOUSING IS AVAILABLE IN THE GEOGRAPHIC AREA LOCATED AROUND STONINGTON CONNECTICUT.
IN 2020 THE AFFORDABLE HOUSING EDYTHE K RICHMOND HOMES EXPANSION PROJECT PLANS CONTINUE TO EVOLVE. BUILDING ARCHITECTS, GEO-TECHNICAL ENGINEERS, & LANDSCAPE ARCHITECHS WERE HIRED TO ASSIST IN RESEARCH AND MOVEMENT OF THIS HOUSING PROJECT PLAN FORWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie M Savin Secretary | OfficerTrustee | 0.5 | $0 |
M Kathleen Careb President | OfficerTrustee | 0.5 | $0 |
Pamela Days-Lucetich Treasurer | OfficerTrustee | 0.5 | $0 |
William Geary Member | Trustee | 0.5 | $0 |
Phylicia Adams Executive Dir. | 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 | $435,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,648 |
| Total Program Service Revenue | $0 |
| Investment income | $1,593 |
| 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 | $437,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $435,647 |
| 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 | $830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $860 |
| All other expenses | $0 |
| Total functional expenses | $439,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,460 |
| Savings and temporary cash investments | $54,796 |
| 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 | $2 |
| Total assets | $58,258 |
| Accounts payable and accrued expenses | $980 |
| Grants payable | $0 |
| Deferred revenue | $51,354 |
| 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 | $52,334 |
| Net assets without donor restrictions | $5,924 |
| 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 | $58,258 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Stonington Realty Corporation has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Corporation For Supportive Housing New York, NY PURPOSE: FINANCIAL ASSISTANCE | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |