Form 990 for tax year 2024
Filed by CHRYSALIS CENTER REAL ESTATE CORPORATION.
Totals
- Total revenue
- $3,223,040
- Total expenses
- $3,710,129
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,700,028
- Investment income
- $59,753
- Other revenue
- $463,259
- Total assets, end of year
- $46,098,282
- Total liabilities, end of year
- $12,244,615
- Net assets or fund balances, end of year
- $33,853,667
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $3,801,428
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: CLIENT RENTAL REIMBURS
total $2,273,483 · related or exempt $2,273,483
-
2b · Program service revenue: LEASING INCOME
total $426,545 · related or exempt $426,545
-
3 · Investment income
total $59,753 · excluded $59,753
-
11a · Other revenue: VERTICAL BRIDGE
total $463,259 · excluded $463,259
-
11e · Other revenue, total
$463,259
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $309,356
-
13 · Office expenses
total $147,635
-
16 · Occupancy
total $1,184,029
-
20 · Interest
total $116,489
-
22 · Depreciation, depletion and amortization
total $1,376,119
-
24a · Other expenses: REIMBURSED SALARIES
total $477,721
-
24e · All other expenses
total $98,780
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $807,934 · end of year $2,477,602
-
4 · Accounts receivable
beginning of year $1,271,972 · end of year $1,193,935
-
9 · Prepaid expenses and deferred charges
beginning of year $55,734 · end of year $56,483
-
10a · Land, buildings and equipment: cost or other basis
$49,505,965
-
10b · Land, buildings and equipment: accumulated depreciation
$11,035,591
-
10c · Land, buildings and equipment, net
beginning of year $54,359,523 · end of year $38,470,374
-
15 · Other assets
beginning of year $6,764,925 · end of year $3,899,888
-
17 · Accounts payable and accrued expenses
beginning of year $876,085 · end of year $525,835
-
23 · Secured mortgages and notes payable
beginning of year $15,136,105 · end of year $7,166,658
-
25 · Other liabilities
beginning of year $7,072,212 · end of year $4,552,122
-
27 · Net assets without donor restrictions
beginning of year -$1,092,965 · end of year -$2,535,078
-
28 · Net assets with donor restrictions
beginning of year $41,268,651 · end of year $36,388,745
Mission and programs · 2024
Mission
CHRYSALIS CENTER REAL ESTATE CORPORATION IS BOTH A REAL ESTATE HOUSING DEVELOPER AND A HOLDING CORPORATION FOR AFFORDABLE HOUSING FOR CHRYSALIS CENTER, INC.
Activities or mission (Part I)
REAL ESTATE HOLDING CORPORATION FOR THE CHRYSALIS CENTER, INC.
-
CORPORATE SITE - MAINTAINS OPERATIONAL HEADQUARTERS FOR CHRYSALIS CENTER, INC. AT 255 HOMESTEAD AVENUE IN HARTFORD AND A SATELLITE OFFICE AT 1338 BALDWIN AVENUE IN WATERBURY.CHRYSALIS CENTER, INC. IS A MULTI-SERVICE NON-PROFIT ORGANIZATION SERVING HARTFORD AND GREATER HARTFORD WITH COMMUNITY PROGRAMS AND SERVICES TO A WIDE RANGE OF INDIVIDUALS AND FAMILIES IN NEED OF SUPPORT. THE ORGANIZATION PROVIDES SERVICES IN 5 CORE AREAS: COMMUNITY CASE MANAGEMENT, SUPPORTIVE HOUSING SERVICES, EMPLOYMENT SERVICES, RECOVERY SERVICES AND COMMUNITY CONNECTIONS. CHRYSALIS CENTER SERVES OVER 4,000 INDIVIDUALS EACH YEAR WHO FACE SUCH CHALLENGES AS MENTAL ILLNESS, SUBSTANCE ABUSE, HIVAIDS, HOMELESSNESS, RETURN FROM INCARCERATION AND OTHER CHALLENGES. SERVICES ARE PROVIDED TO ASSIST EACH INDIVIDUAL WITH THE RIGHT SUPPORT TO MAXIMIZE THEIR ABILITY TO RECOVER AND REMAIN PRODUCTIVE AND STABLE IN THEIR COMMUNITY. THE ORGANIZATION IS ACCREDITED BY THE COMMISSION FOR ACCREDITATION OF REHABILITATIVE FACILITIES FOR: COMMUNITY CASE MANAGEMENT, SUPPORTIVE HOUSING SERVICES AND COMMUNITY BASED REHABILITATIVE SERVICES.
Expenses $434,958 · Revenue $426,545
-
CLOVER GARDENS - AFFORDABLE HOUSINGCLOVER GARDENS IS A HISTORICAL REHABILITATION OF FOUR BUILDINGS INTO 32 UNITS OF AFFORDABLE HOUSING. EIGHT UNITS ARE SET ASIDE FOR NINE INDIVIDUALS WITH AN INTELLECTUAL OR DEVELOPMENT DISABILITY OR AUTISM SPECTRUM DISORDER. THE BUILDINGS HOUSE AN OFFICE, A CONFERENCE ROOM, A LAUNDRY FACILITY, RESTORED ENTRANCE AREAS, AND ARE HANDICAP ACCESSIBLE. THE LOT PROVIDES ADEQUATE OFF-STREET PARKING FOR THE DEVELOPMENT. CHRYSALIS CENTER THROUGH ITS REAL ESTATE CORPORATION IS THE DEVELOPER AND OWNER AND HARC, INC. IS THE SERVICE PROVIDER FOR THIS PROJECT.
Expenses $753,199 · Revenue $398,089
-
COURTLAND ARMS - AFFORDABLE/SUPPORTIVE HOUSING - COURTLAND ARMS IS A HISTORICAL REHABILITATION OF A 24-UNIT APARTMENT BUILDING BUILT IN 1924. FOUR UNITS ARE SET ASIDE FOR HOMELESS VETERANS. THE BUILDING HOUSES OFFICES, MEETING ROOMS, A RESTORED LOBBY AND IS FULLY HANDICAPPED ACCESSIBLE. AN ADJACENT LOT PROVIDES ADEQUATE PARKING FOR THE DEVELOPMENT. CHRYSALIS CENTER THROUGH ITS REAL ESTATE CORPORATION IS THE DEVELOPER, OWNER AND SERVICE PROVIDER FOR THIS PROJECT.
Expenses $542,667 · Revenue $312,078
-
THE ELMS - AFFORDABLE/SUPPORTIVE HOUSING -- THE ELMS WAS THE REHABILITATION OF AN ABANDONED BUILDING TO CREATE NINE MIXED INCOME UNITS IN BRISTOL. THE BUILDING, FORMERLY OWNED BY ST. VINCENT DEPAUL, WAS A GUT REHAB CREATING FOUR ONE-BEDROOM UNITS AND FIVE EFFICIENCIES DESIGNATED FOR PERMANENT HOUSING FOR HOMELESS VETERANS PREFERRED/HOMELESS INDIVIDUALS. CHRYSALIS CENTER THROUGH ITS REAL ESTATE CORPORATION IS THE DEVELOPER, OWNER AND SERVICE PROVIDER FOR THIS PROJECT.
Expenses $160,555 · Revenue $88,652
-
PHELPS VILLAGE - AFFORDABLE/SUPPORTIVE HOUSING - A SUPPORTIVE HOUSING PROJECT FOR HOMELESS/ AT RISK OF HOMELESSNESS VETERANS CONSISTING OF THREE BUILDINGS: THE PHELPS MANSION WHICH WAS A HISTORICALLY RESTORED MANSION BUILT IN 1907 AND CURRENTLY HOUSES 10 FORMALLY HOMELESS VETERANS, THE CARRIAGE HOUSE CONSISTING OF SEVEN FORMALLY HOMELESS VETERANS, AND FOUR ADDITIONAL FULLY HANDICAPPED UNITS CREATING A TOTAL OF 21 UNITS, ALONG WITH AN OFFICE IN THE MANSION FOR CASE MANAGEMENT. THE PROJECT SUPPLIES HOUSING AND SUPPORTIVE SERVICES TO VETERANS TO ENSURE THEY ARE SUCCESSFUL IN MAINTAINING HOUSING. CHRYSALIS CENTER THROUGH ITS REAL ESTATE CORPORATION IS THE DEVELOPER, OWNER AND SERVICE PROVIDER FOR THIS PROJECT.
Expenses $258,664 · Revenue $306,937
-
LIBERTY GARDENS - SUPPORTIVE HOUSINGA SUPPORTIVE FAMILY HOUSING PROJECT CONSISTING OF A HISTORIC REHABILITATION OF AN 8 UNIT 1922 APARTMENT BUILDING WITH A NEW ADDITION OF AN ADDITIONAL 2 UNITS, OFFICE AND COMMUNITY SPACE FOR A 10 UNIT PROJECT FOR FAMILIES EXPERIENCING BEING AT RISK OF HOMELESSNESS. THE PROJECT DOES PROVIDE HOUSING AND SUPPORT SERVICES TO ENSURE FAMILIES ARE SUCCESSFUL IN MAINTAINING HOUSING. CHRYSALIS CENTER THROUGH ITS REAL ESTATE CORPORATION IS THE DEVELOPER, OWNER AND SERVICE PROVIDER FOR THIS PROJECT.
Expenses $321,454 · Revenue $180,522
-
LEGION COURT - AFFORDABLE/SUPPORTIVE HOUSINGA NEW CONSTRUCTION OF AFFORDABLE HOUSING THAT INCLUDES 12 TWO-BEDROOM TOWNHOUSE APARTMENTS FOR VETERANS PREFERRED AND THEIR FAMILIES OR FAMILIES COMING OUT OF HOMELESSNESS. THIS PROJECT WAS BUILT ON A VACANT PIECE OF PROPERTY LOCATED ON THE SOUTH SIDE OF HARTFORD. CASE MANAGEMENT SERVICES ARE PROVIDED BY CHRYSALIS CENTER. LEGION COURT OPENED IN JANUARY 2017.
Expenses $267,213 · Revenue $201,551
-
HUDSON VIEW COMMONS - AFFORDABLE/SUPPORTIVE HOUSINGHUDSON VIEW COMMONS WAS ONE OF THE FIRST SUPPORTIVE HOUSING PROJECTS TO OPEN IN CONNECTICUT AT 525 HUDSON STREET IN HARTFORD, CT. THE BUILDING IS 28 ONE BEDROOM AND EFFICIENCY UNITS AND SERVES FORMERLY CHRONICALLY HOMELESS AND LOW INCOME INDIVIDUALS. IN DECEMBER OF 2012, CHRYSALIS CENTER THROUGH ITS REAL ESTATE CORPORATION TOOK OWNERSHIP OF THE PROPERTY AND CONTINUES TO PROVIDE ALL ON-SITE CASE MANAGEMENT SERVICES TO THE TENANTS.
Expenses $403,485 · Revenue $285,829
-
COSGROVE COMMONS - SUPPORTIVE HOUSINGCHRYSALIS CENTER WAS AWARDED A GRANT FROM THE CONNECTICUT HOUSING AND FINANCE AUTHORITY TO PURCHASE AN EMPTY LOT AT 815 WETHERSFIELD AVENUE IN HARTFORD AND TO CONSTRUCT A 24 UNIT APARTMENT BUILDING. THE APARTMENTS HOUSE FORMERLY HOMELESS VETERANS AS WELL AS 6 UNITS ASSIGNED TO HOUSE YOUNG ADULTS IDENTIFIED AS HOMELESS. CHRYSALIS CENTER THROUGH ITS REAL ESTATE CORPORATION IS THE DEVELOPER, OWNER AND SERVICE PROVIDER FOR THIS PROJECT.
Expenses $428,000 · Revenue $330,958
-
NORTH VILLAGE
Expenses $231,233 · Revenue $168,867
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jean WagnerJEAN WAGNER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas P KennedyTHOMAS P KENNEDY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James ChristopherJAMES CHRISTOPHER
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Yvonne BennettYVONNE BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bridget D'AngeloBRIDGET D'ANGELO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark FisherMARK FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimalee WilliamsKIMALEE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon CastelliSHARON CASTELLI
CHRYSALIS CEO
- Total calculated
- $335,066
- From this org
- $0
- From related orgs
- $296,461
- Other
- $38,605
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $296,461 related
- Bonus
- $0
- Other
- $0
- Deferred
- $10,531
- Nontaxable benefits
- $28,074
- Filer's total
- $38,605 + $296,461 related
-
John MilesJOHN MILES
CHRYSALIS CFO
- Total calculated
- $88,308
- From this org
- $0
- From related orgs
- $83,338
- Other
- $4,970
- Hours/week
- 1 + 39 related
-
Judith GoughJUDITH GOUGH
CHRYSALIS COS
- Total calculated
- $193,441
- From this org
- $0
- From related orgs
- $173,152
- Other
- $20,289
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $173,152 related
- Bonus
- $0
- Other
- $0
- Deferred
- $6,869
- Nontaxable benefits
- $13,420
- Filer's total
- $20,289 + $173,152 related
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
-
501(C)(3) · HEALTH AND WELFARE · CT
Directly controlled by CHRYSALIS CENTER INC
-
CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATOIN
501(C)(3) · HOUSING DEVELOPMENT · CT
Directly controlled by CHRYSALIS CENTER INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HUDSON VIEW COMMONS
SUPPORTIVE/AFFORDABLE HOUSING · CT · income $319,140 · assets $7,600,979
Directly controlled by CCREC
-
COSGROVE COMMONS
SUPPORTIVE HOUSING · CT · income $336,618 · assets $3,819,577
Directly controlled by CCREC
-
LIBERTY GARDENS
SUPPORTIVE HOUSING · CT · income $183,441 · assets $3,640,365
Directly controlled by CCREC
-
LEGION COURT
SUPPORTIVE/AFFORDABLE HOUSING · CT · income $204,183 · assets $3,016,378
Directly controlled by CCREC
-
ST PHILIP HOUSE
SUPPORTIVE HOUSING · CT · income $1,989 · assets $627,971
Directly controlled by CCREC
-
PHELPS VILLAGE LLC
SUPPORTIVE HOUSING · CT · income $307,296 · assets $2,109,616
Directly controlled by CCREC
-
THE ELMS
SUPPORTIVE HOUSING · CT · income $88,654 · assets $2,303,534
Directly controlled by CCREC
-
NORTH VILLAGE
SUPPORTIVE HOUSING · CT · income $168,917 · assets $1,473,360
Directly controlled by CCREC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CLOVER GARDENS LIMITED PARTNERSHIP
LOW INCOME AFFORDABLE HOUSING · CT
-
COURTLAND ARMS LIMITED PARTNERSHIP
LOW INCOME AFFORDABLE/SUPPORTIVE HOUSING · CT
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
COURTLAND ARMS GP LLC
C · SUPPORTIVE HOUSING · CT · 100% owned · share of income $319,140 · share of assets $7,600,979
Directly controlled by CCREC
-
CLOVER GARDENS GP LLC
C · SUPPORTIVE HOUSING · CT · 100% owned · share of income $398,138 · share of assets $13,053,605
Directly controlled by CCREC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349303705
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