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Nonprofiteer
← CIL REALTY INC

Form 990 for tax year 2023

Filed by CIL REALTY INC.

Totals

Total revenue
$1,751,381
Total expenses
$1,700,128
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,682,857
Investment income
$54,615
Other revenue
$13,909
Total assets, end of year
$31,557,038
Total liabilities, end of year
$25,098,308
Net assets or fund balances, end of year
$6,458,730
Program services expenses (Part IX)
$1,682,531
Management and general expenses
$17,597
Fundraising expenses
$0
Program service expenses (Part III)
$1,682,531

Program services were 99.0% 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: DIRECT FINANCING LEASE

    total $1,270,226 · related or exempt $1,270,226

  • 2b · Program service revenue: PROGRAM RENTAL INCOME

    total $412,631 · related or exempt $412,631

  • 3 · Investment income

    total $97,025 · excluded $97,025

  • 7a · Gross sales of assets other than inventory

    other assets $260,279

  • 7b · Less cost or other basis and sales expenses

    other assets $302,689

  • 7c · Gain or loss

    other assets -$42,410

  • 7d · Net gain or loss

    total -$42,410 · excluded -$42,410

  • 11d · All other revenue

    total $13,909 · related or exempt $13,909

  • 11e · Other revenue, total

    $13,909

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $9,025 · management and general $9,025

  • 11c · Fees: accounting

    total $1,850 · management and general $1,850

  • 11g · Fees: other

    total $475 · management and general $475

  • 13 · Office expenses

    total $7,112 · program services $7,112

  • 16 · Occupancy

    total $13,347 · program services $13,347

  • 20 · Interest

    total $1,436,838 · program services $1,436,838

  • 22 · Depreciation, depletion and amortization

    total $181,103 · program services $181,103

  • 23 · Insurance

    total $34,128 · program services $34,128

  • 24a · Other expenses: PROVISON FOR CREDIT LOS

    total $6,480 · program services $6,480

  • 24b · Other expenses: PRE-DEVELOPMENT EXPENSE

    total $3,523 · program services $3,523

  • 24e · All other expenses

    total $6,247 · management and general $6,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $221,086 · end of year $1,114,728

  • 2 · Savings and temporary cash investments

    beginning of year $4,356,277 · end of year $2,453,393

  • 4 · Accounts receivable

    beginning of year $2,460 · end of year $17,792

  • 7 · Other notes and loans receivable

    beginning of year $197,476 · end of year $195,092

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,809 · end of year $5,000

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

    $11,894,346

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

    $1,682,310

  • 10c · Land, buildings and equipment, net

    beginning of year $6,921,363 · end of year $10,212,036

  • 13 · Investments: program-related

    beginning of year $15,423,553 · end of year $16,419,345

  • 15 · Other assets

    beginning of year $3,040,062 · end of year $1,139,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,234 · end of year $84,101

  • 19 · Deferred revenue

    beginning of year $101,978 · end of year $65,187

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,794,628 · end of year $16,406,876

  • 23 · Secured mortgages and notes payable

    beginning of year $5,330,709 · end of year $8,174,848

  • 25 · Other liabilities

    beginning of year $387,060 · end of year $367,296

  • 27 · Net assets without donor restrictions

    beginning of year $6,407,477 · end of year $6,458,730

Mission and programs · 2023

Mission

THE MISSION OF CIL REALTY INC. IS TO PROVIDE SUPPORTED RESIDENTIAL SERVICES, PROGRAMS AND ENVIRONMENTS TO PERSONS WITH PHYSICAL AND MENTAL DISABILITIES OF LOW AND MODERATE INCOME AS THOSE PERSONS ARE DEFINED IN SECTION 8-243H OF THE CONNECTICUT GENERAL STATUTES.

Activities or mission (Part I)

PROVIDE GROUP HOMES FOR PEOPLE WITH DISABILITIES.

  • DURING THE FISCAL YEAR ENDED 06/30/2024, CIL REALTY ACQUIRED, DEVELOPED, LEASED AND MANAGED APPROXIMATELY 72 LICENSED RESIDENTIAL FACILITIES TO HOUSE PERSONS WITH DISABILITIES IN CONNECTICUT, DELAWARE, PENNSYLVANIA, TENNESSEE, AND VERMONT.

    Expenses $1,682,531 · Revenue $1,696,766

As filed on the 2023 return.

Listed in Part VII

  • Kent Schwendy

    PRESIDENT/CEO

    Total calculated
    $341,255
    From this org
    $0
    From related orgs
    $284,711
    Other
    $56,544
    Hours/week
    2.4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,711 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,110 related
    Nontaxable benefits
    $0 + $27,434 related
    Filer's total
    $0 + $341,255 related

  • Maria Green

    SECRETARY/CFO

    Total calculated
    $234,113
    From this org
    $0
    From related orgs
    $206,615
    Other
    $27,498
    Hours/week
    2.4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,615 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,960 related
    Nontaxable benefits
    $0 + $17,538 related
    Filer's total
    $0 + $234,113 related

  • Gioia Zack

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Jack Soos

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Kelly Reyngold

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Rev Joseph Black

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Ruth Banta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Marisa Chrysochoou

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Douglas Henley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Patrick Pinnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • Paul Sanford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 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

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.

  • CIL HOUSING INCORPORATED

    501(C)(3) · PROVIDE AFFORDABLE HOUSING · CT

    Directly controlled by CORPORATION FOR INDEPENDENT LIVING

  • CIL COMMUNITY RESOURCES INC

    501(C)(3) · PROVIDE NONRESIDENTIAL SPACE FOR OTHER 501(C)(3) ORGANIZATIONS · CT

    Directly controlled by CORPORATION FOR INDEPENDENT LIVING

  • CORPORATION FOR INDEPENDENT LIVING

    501(C)(3) · PROVIDE HOUSING FOR PEOPLE WITH DISABILITIES · CT

  • CIL REALTY OF MA INC

    501(C)(3) · PROVIDE HOUSING FOR PEOPLE WITH DISABILITIES · CT · controlled entity

    Directly controlled by CIL REALTY INCORPORATED

  • 364 PUTNAM AVENUE INC

    501(C)(3) · PROVIDE AFFORDABLE HOUSING · CT · controlled entity

    Directly controlled by CIL HOUSING

  • 233 ALLEN STREET INC

    501(C)(3) · PROVIDE AFFORDABLE HOUSING · CT · controlled entity

    Directly controlled by CIL HOUSING

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 70 POP LLC

    UNRELATED · OWNERSHIP AND OPERATION OF A PROPERTY LOCATED IN HARTFORD, CT. · CT

    Directly controlled by CIL-CAPEWELL INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CIL-CAPEWELL INC

    C · OWNERSHIP AND OPERATION OF A PROPERTY LOCATED IN HARTFORD, CT. · CT

    Directly controlled by CORPORATION FOR INDEPENDENT LIVING

  • COMMUNITY INNOVATION LAB INC

    C · FOR PROFIT DEVELOPMENT · CT

    Directly controlled by CORPORATION FOR INDEPENDENT LIVING

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433209349302658

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