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Nonprofiteer
← TORRINGTON COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2022

Filed by TORRINGTON COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$252,123
Total expenses
$335,437
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$238,968
Investment income
$4,070
Other revenue
$9,085
Total assets, end of year
$2,831,385
Total liabilities, end of year
$3,070,008
Net assets or fund balances, end of year
-$238,623
Program services expenses (Part IX)
$335,437
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$335,437

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.

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

    total $238,968 · related or exempt $238,968

  • 3 · Investment income

    total $4,070 · excluded $4,070

  • 11a · Other revenue: OTHER INCOME

    total $9,085 · related or exempt $9,085

  • 11e · Other revenue, total

    $9,085

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $56,302 · program services $56,302

  • 11b · Fees: legal

    total $7,341 · program services $7,341

  • 11c · Fees: accounting

    total $20,407 · program services $20,407

  • 13 · Office expenses

    total $3,771 · program services $3,771

  • 20 · Interest

    total $16,305 · program services $16,305

  • 22 · Depreciation, depletion and amortization

    total $94,987 · program services $94,987

  • 23 · Insurance

    total $17,372 · program services $17,372

  • 24a · Other expenses: MAINTENANCE

    total $77,072 · program services $77,072

  • 24b · Other expenses: UTILITIES

    total $34,923 · program services $34,923

  • 24c · Other expenses: SUPPORTIVE SERVICES

    total $6,957 · program services $6,957

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,179 · end of year $66,602

  • 2 · Savings and temporary cash investments

    beginning of year $139,244 · end of year $134,365

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,699 · end of year $6,328

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

    $3,902,365

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

    $1,574,131

  • 10c · Land, buildings and equipment, net

    beginning of year $2,408,500 · end of year $2,328,234

  • 12 · Investments: other securities

    beginning of year $284,851 · end of year $295,856

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,415 · end of year $152,691

  • 21 · Escrow or custodial account liability

    beginning of year $26,902 · end of year $21,584

  • 23 · Secured mortgages and notes payable

    beginning of year $2,913,465 · end of year $2,895,733

  • 27 · Net assets without donor restrictions

    beginning of year -$155,309 · end of year -$238,623

Mission and programs · 2022

Mission

DEVELOP AFFORDABLE HOUSING BY PROVIDG ACCESS TO ALTERNATIVE FUNDING SOURCES

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

    Expenses $335,437 · Revenue $248,053

As filed on the 2022 return.

Listed in Part VII

  • Samuel Slaiby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angelo Lamonica

    DIRECTOR&VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • James Pescatore

    DIRECTOR & SECRETARY

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 April 2023
IRS schema version
2022v5.0
Source object
202301099349300905

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