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Nonprofiteer
← TORRINGTON COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2024

Filed by TORRINGTON COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$313,708
Total expenses
$381,511
Contributions and grants received
$0
Grants paid
$16,480
Program service revenue
$294,169
Investment income
$17,172
Other revenue
$2,367
Total assets, end of year
$2,589,843
Total liabilities, end of year
$2,974,062
Net assets or fund balances, end of year
-$384,219
Program services expenses (Part IX)
$381,511
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$381,511

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 $294,169 · related or exempt $294,169

  • 3 · Investment income

    total $17,172 · related or exempt $17,172

  • 11a · Other revenue

    total $2,367 · related or exempt $2,367

  • 11e · Other revenue, total

    $2,367

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,480 · program services $16,480

  • 11a · Fees: management

    total $53,960 · program services $53,960

  • 11c · Fees: accounting

    total $43,670 · program services $43,670

  • 13 · Office expenses

    total $4,168 · program services $4,168

  • 20 · Interest

    total $15,622 · program services $15,622

  • 22 · Depreciation, depletion and amortization

    total $94,368 · program services $94,368

  • 23 · Insurance

    total $19,555 · program services $19,555

  • 24a · Other expenses: MAINTENANCE

    total $82,748 · program services $82,748

  • 24b · Other expenses: UTILITIES

    total $35,779 · program services $35,779

  • 24c · Other expenses: TRASH REMOVAL

    total $7,993 · program services $7,993

  • 24d · Other expenses: BAD DEBT

    total $7,168 · program services $7,168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,173 · end of year $49,331

  • 2 · Savings and temporary cash investments

    beginning of year $27,141 · end of year $27,958

  • 4 · Accounts receivable

    beginning of year $10,800 · end of year $5,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,261 · end of year $6,958

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

    $3,920,258

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

    $1,762,155

  • 10c · Land, buildings and equipment, net

    beginning of year $2,234,577 · end of year $2,158,103

  • 12 · Investments: other securities

    beginning of year $317,825 · end of year $341,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,487 · end of year $86,696

  • 21 · Escrow or custodial account liability

    beginning of year $26,884 · end of year $27,634

  • 25 · Other liabilities

    beginning of year $2,877,822 · end of year $2,859,732

  • 27 · Net assets without donor restrictions

    beginning of year -$316,416 · end of year -$384,219

Mission and programs · 2024

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 $381,511 · Grants $16,480 · Revenue $294,169

As filed on the 2024 return.

Listed in Part VII

  • Angelo Lamonica

    DIRECTOR/VIC

    Total calculated
    $0

  • James Pescatore

    DIRECTOR/SEC

    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

Provenance

Return type
form_990
Tax year
2024
Filed
30 September 2025
IRS schema version
2024v5.0
Source object
202522949349300412

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