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Nonprofiteer
← TORRINGTON COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2025

Filed by TORRINGTON COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$343,377
Total expenses
$376,487
Contributions and grants received
$25,000
Grants paid
$0
Program service revenue
$296,765
Investment income
$15,168
Other revenue
$6,444
Total assets, end of year
$2,498,262
Total liabilities, end of year
$2,915,591
Net assets or fund balances, end of year
-$417,329
Program services expenses (Part IX)
$376,487
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$376,487

Program services were 100.0% 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.

  • 1d · Related organizations

    $25,000

  • 2a · Program service revenue: RENTS - LOW INCOME

    total $296,765 · related or exempt $296,765

  • 3 · Investment income

    total $15,168 · related or exempt $15,168

  • 11a · Other revenue: OTHER REVENUE

    total $5,458 · related or exempt $5,458

  • 11b · Other revenue: LAUNDRY & VENDING

    total $986 · related or exempt $986

  • 11e · Other revenue, total

    $6,444

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $40,660 · program services $40,660

  • 8 · Pension plan contributions

    total $7,060 · program services $7,060

  • 9 · Other employee benefits

    total $2,389 · program services $2,389

  • 10 · Payroll taxes

    total $2,989 · program services $2,989

  • 11a · Fees: management

    total $9,987 · program services $9,987

  • 11c · Fees: accounting

    total $11,689 · program services $11,689

  • 13 · Office expenses

    total $6,642 · program services $6,642

  • 20 · Interest

    total $15,440 · program services $15,440

  • 22 · Depreciation, depletion and amortization

    total $95,009 · program services $95,009

  • 23 · Insurance

    total $19,368 · program services $19,368

  • 24a · Other expenses: CONTRACT COSTS

    total $58,308 · program services $58,308

  • 24b · Other expenses: UTILITIES

    total $36,333 · program services $36,333

  • 24c · Other expenses: UNIT TURNAROUND

    total $30,862 · program services $30,862

  • 24d · Other expenses: REPAIRS

    total $12,161 · program services $12,161

  • 24e · All other expenses

    total $27,590 · program services $27,590

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,331 · end of year $360,563

  • 2 · Savings and temporary cash investments

    beginning of year $27,958 · end of year $26,666

  • 4 · Accounts receivable

    beginning of year $5,662 · end of year -$68

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,958 · end of year $7,016

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

    $3,961,249

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

    $1,857,164

  • 10c · Land, buildings and equipment, net

    beginning of year $2,158,103 · end of year $2,104,085

  • 12 · Investments: other securities

    beginning of year $341,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,696 · end of year $49,632

  • 21 · Escrow or custodial account liability

    beginning of year $27,634 · end of year $24,498

  • 25 · Other liabilities

    beginning of year $2,859,732 · end of year $2,841,461

  • 27 · Net assets without donor restrictions

    beginning of year -$384,219 · end of year -$417,329

Mission and programs · 2025

Mission

DEVELOP AFFORDABLE HOUSING BY PROVIDING ACCESS TO ALTERNATIVE FUNDING SOURCES.

Activities or mission (Part I)

DEVELOP AFFORDABLE HOUSING BY PROVIDING ACCESS TO ALTERNATIVE FUNDING SOURCES

  • PROVIDED HOUSING WHICH OTHERWISE WOULD NOT HAVE BEEN AVAILABLE TO LOW INCOME FAMILIES.

    Expenses $376,487 · Revenue $296,765

As filed on the 2025 return.

Listed in Part VII

  • Angelo Lamonica

    DIRECTOR/VIC

    Total calculated
    $0

  • James Pescatore

    DIRECTOR/SEC

    Total calculated
    $0

  • Michael Sartori

    DIRECTOR

    Total calculated
    $0

  • Samuel Slaiby

    DIRECTOR

    Total calculated
    $0

  • Claudia Sweeney

    BUSINESS MAN

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
18 May 2026
IRS schema version
2025v4.0
Source object
202601599349300235

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