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Nonprofiteer
← ALPHA HOME INC

Form 990 for tax year 2022

Filed by ALPHA HOME INC.

Totals

Total revenue
$241,173
Total expenses
$203,479
Contributions and grants received
$132,767
Grants paid
$0
Program service revenue
$108,406
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,660,240
Total liabilities, end of year
$5,706,659
Net assets or fund balances, end of year
-$46,419
Program services expenses (Part IX)
$196,458
Management and general expenses
$7,021
Fundraising expenses
$0
Program service expenses (Part III)
$196,458

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $132,767

  • 2a · Program service revenue: RESIDENT FEES

    total $108,406 · related or exempt $108,406

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $83,315 · program services $83,315

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 13 · Office expenses

    total $3,021 · management and general $3,021

  • 16 · Occupancy

    total $44,384 · program services $44,384

  • 22 · Depreciation, depletion and amortization

    total $68,759 · program services $68,759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $587,902 · end of year $712,406

  • 4 · Accounts receivable

    end of year $60,228

  • 10a · Land, buildings and equipment: cost or other basis

    $2,922,366

  • 10b · Land, buildings and equipment: accumulated depreciation

    $930,493

  • 10c · Land, buildings and equipment, net

    beginning of year $2,060,634 · end of year $1,991,873

  • 15 · Other assets

    beginning of year $787,222 · end of year $2,895,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $425,558 · end of year $60,397

  • 23 · Secured mortgages and notes payable

    beginning of year $1,072,976 · end of year $3,532,053

  • 25 · Other liabilities

    beginning of year $2,021,337 · end of year $2,114,209

  • 27 · Net assets without donor restrictions

    beginning of year -$84,113 · end of year -$46,419

Mission and programs · 2022

Mission

IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES BY ENSURING AFFORDABLE QUALITY HOUSING, IMPROVING THE SOCIAL AND ECONOMIC STABILITY OF NEIGHBORHOODS, AND EXPANDING LOCALLY BASED COMMUNITY DEVELOPMENT EFFORTS.

Activities or mission (Part I)

IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES BY ENSURING AFFORDABLE QUALITY HOUSING.

  • THE JESSICA TANDY APARTMENTS ARE LOCATED IN THE SOUTH END OF BRIDGEPORT AND ADJOIN THE HARRISON APARTMENT/BRIDGEPORT BRANCH Y PROPERTY. THIS DEVELOPMENT PROVIDES HOUSING FOR SIX FAMILIES WITH SPECIAL NEEDS AND/OR CO-OCCURRING DISORDERS (MENTAL HEALTH DISABILITIES AND CHEMICAL ADDICTIONS). THE ALPHA COMMUNITY SERVICES BRANCH OF THE CENTRAL CONNECTICUT COAST YMCA EMPLOYS A CASE MANAGER TO PROVIDE SOCIAL SERVICES. THERE ARE SIX TWO-BEDROOM, TWO-STORY UNITS.

    Expenses $196,458 · Revenue $108,406

  • THE HERNAN'S HAVEN FOR YOUTH IS AN 11 UNIT PERMANENT SUPPORTIVE HOUSING CENTER LOCATED ON BOSTON AVENUE IN BRIDGEPORT, CONNECTICUT WHICH PROVIDES HOUSING FOR YOUNG ADULTS AGED 18 TO 24 YEARS OLD, AS WELL AS EMPLOYMENT TRAINING AND COLLEGE PREP. THE STATE OF CONNECTICUT DEPARTMENT OF HOUSING FUNDED THE CONVERSION OF A SIX-UNIT HOUSE INTO ELEVEN EFFICIENCY RESIDENTIAL UNITS RESTRICTED FOR AFFORDABILITY.

As filed on the 2022 return.

Listed in Part VII

  • David Stevenson

    PRESIDENT/CEO

    Total calculated
    $343,002
    From this org
    $0
    From related orgs
    $314,681
    Other
    $28,321
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,161 related
    Bonus
    $0 + $2,500 related
    Other
    $0 + $13,020 related
    Deferred
    $0 + $28,321 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $343,002 related
  • Melissa Kessell

    SR VP/CFO

    Total calculated
    $184,679
    From this org
    $0
    From related orgs
    $169,723
    Other
    $14,956
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,703 related
    Bonus
    $0
    Other
    $0 + $1,020 related
    Deferred
    $0 + $14,956 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $184,679 related
  • Carmen Colon-Marrero

    VP OF BRIDGEPORT Y'S

    Total calculated
    $178,353
    From this org
    $0
    From related orgs
    $157,507
    Other
    $20,846
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,487 related
    Bonus
    $0
    Other
    $0 + $1,020 related
    Deferred
    $0 + $14,032 related
    Nontaxable benefits
    $0 + $6,814 related
    Filer's total
    $0 + $178,353 related
  • Louis Procaccini

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michael Leone

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Sabine Kuczo

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Claire Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacob Cedusky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven Chin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lin Christie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Lib Denure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melania M Falcon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Will Farmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ashley Hammill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Hirsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Rosario

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tyrone McClain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Renee Noren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ed Piendl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pam Ralston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Timothy Romano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Schechtman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Szabo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Laura Wilkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
6 September 2023
IRS schema version
2022v5.0
Source object
202342569349300329

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