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← MEADOWS REAL ESTATE MANAGEMENT AND DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by MEADOWS REAL ESTATE MANAGEMENT AND DEVELOPMENT CORPORATION.

Totals

Total revenue
$559,081
Total expenses
$552,736
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$559,081
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,194,571
Total liabilities, end of year
$3,853,879
Net assets or fund balances, end of year
-$659,308
Program services expenses (Part IX)
$369,244
Management and general expenses
$183,492
Fundraising expenses
$0
Program service expenses (Part III)
$369,244

Program services were 66.8% 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: DEVELOPMENT AND MANAGEMENT FEES

    total $97,592 · related or exempt $0 · unrelated business $97,592 · excluded $0

  • 2b · Program service revenue: RENTAL INCOME

    total $177,679 · related or exempt $177,679 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER INCOME

    total $1,893 · related or exempt $1,893 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: PROPERTY OPERATIONS SERVICES

    total $281,917 · related or exempt $255,961 · unrelated business $25,956 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $143,315 · program services $121,714 · management and general $21,601 · fundraising $0

  • 8 · Pension plan contributions

    total $8,786 · program services $8,607 · management and general $179 · fundraising $0

  • 9 · Other employee benefits

    total $16,954 · program services $13,712 · management and general $3,242 · fundraising $0

  • 10 · Payroll taxes

    total $12,783 · program services $10,658 · management and general $2,125 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $1,715 · program services $1,715 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $12,670 · program services $12,496 · management and general $174 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $87,063 · program services $49,836 · management and general $37,227 · fundraising $0

  • 17 · Travel

    total $267 · program services $10 · management and general $257 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $56,397 · program services $10,960 · management and general $45,437 · fundraising $0

  • 23 · Insurance

    total $2,828 · program services $0 · management and general $2,828 · fundraising $0

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $5,477 · program services $0 · management and general $5,477 · fundraising $0

  • 24b · Other expenses: REAL ESTATE TAXES

    total $147,051 · program services $103,542 · management and general $43,509

  • 24c · Other expenses: MANAGEMENT FEES

    total $6,605 · program services $0 · management and general $6,605 · fundraising $0

  • 24e · All other expenses

    total $50,825 · program services $35,994 · management and general $14,831 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $839,183 · end of year $966,800

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $534,073 · end of year $676,317

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $2,947,961

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

    $1,419,663

  • 10c · Land, buildings and equipment, net

    beginning of year $1,612,605 · end of year $1,528,298

  • 15 · Other assets

    beginning of year $21,763 · end of year $23,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,866 · end of year $67,484

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,606,411 · end of year $3,786,395

  • 27 · Net assets without donor restrictions

    beginning of year -$665,653 · end of year -$659,308

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

See Schedule O

  • OPERATION OF HOUSING PROJECTS FOR LOW-INCOME INDIVIDUALS AND FAMILES. DURING 2022, 10 FAMILIES OCCUPIED THESE HOUSING FACILITIES.

    Expenses $144,092 · Revenue $132,767

  • PROPERTY MANAGEMENT SERVICES PROVIDED TO OTHER HOUSING UNITS IN THE GREATER HARTFORD, CT REGION.

    Expenses $225,152 · Revenue $426,314

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MAGDALENA RODRIGUEZ

    PRESIDENT

    Total calculated
    $367,526
    From this org
    $0
    From related orgs
    $330,926
    Other
    $36,600
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,926 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,600 related
    Nontaxable benefits
    $0 + $9,360 related
    Filer's total
    $0 + $376,886 related

  • JEFFREY WALSH

    CHIEF FINANCIAL OFFICER

    Total calculated
    $151,737
    From this org
    $0
    From related orgs
    $144,864
    Other
    $6,873
    Hours/week
    5 + 35 related

  • ROBERT BENZINGER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • WALTER BENJAMIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT CARUBIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN ALVARENGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLEN SAVAGE

    DIRECTOR

    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. 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.

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.

  • HARTFORD ASSISTED LIVING PARTNERSHIP

    Related · HOUSING · CT · 0.01% owned · share of income $0 · share of assets $0

    Directly controlled by RETREAT

  • 3236 SOUTH LIMITED PARTNERSHIP

    Related · HOUSING · CT · 0.01% owned

    Directly controlled by COMSOUTH

  • 35 CLARK STREET LIMITED PARTNERSHIP

    Related · HOUSING · CT · 0.01% owned

    Directly controlled by CLARK ST GF

  • NEWINGTON VETERANS LANDING CORPORATION

    Related · HOUSING · CT · 0.01% owned

    Directly controlled by VETERANS

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
17 November 2023
IRS schema version
2022v5.0
Source object
202313179349302786

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