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Nonprofiteer
← NEW HAVEN HOMEOWNERSHIP CENTER INC

Form 990 for tax year 2023

Filed by NEW HAVEN HOMEOWNERSHIP CENTER INC.

Totals

Total revenue
$425,397
Total expenses
$637,561
Contributions and grants received
$392,487
Grants paid
$0
Program service revenue
$32,301
Investment income
$181
Other revenue
$428
Total assets, end of year
$778,130
Total liabilities, end of year
$134,400
Net assets or fund balances, end of year
$643,730
Program services expenses (Part IX)
$637,561
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$637,561

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.

  • 1e · Government grants (contributions)

    $268,971

  • 1f · All other contributions, gifts and grants

    $123,516

  • 2a · Program service revenue: MORTGAGE INTEREST INCOME

    total $18,324 · related or exempt $18,324

  • 2b · Program service revenue: HOME OWNERSHIP FEES

    total $13,977 · related or exempt $13,977

  • 3 · Investment income

    total $181 · related or exempt $181

  • 11a · Other revenue: MISC INCOME

    total $428 · related or exempt $428

  • 11e · Other revenue, total

    $428

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $443,247 · program services $443,247

  • 9 · Other employee benefits

    total $34,100 · program services $34,100

  • 10 · Payroll taxes

    total $78,614 · program services $78,614

  • 11g · Fees: other

    total $11,624 · program services $11,624

  • 16 · Occupancy

    total $10,198 · program services $10,198

  • 17 · Travel

    total $46 · program services $46

  • 20 · Interest

    total $3,246 · program services $3,246

  • 23 · Insurance

    total $5,383 · program services $5,383

  • 24a · Other expenses: CONTRACTUAL SERVICES

    total $8,257 · program services $8,257

  • 24b · Other expenses: SUBSCRIPTIONS

    total $6,770 · program services $6,770

  • 24c · Other expenses: STAFF & BOARD TRAINING

    total $6,557 · program services $6,557

  • 24d · Other expenses: OFFICE SUPPLIES & EXPENSE

    total $6,257 · program services $6,257

  • 24e · All other expenses

    total $23,262 · program services $23,262

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $377,940 · end of year $341,252

  • 3 · Pledges and grants receivable

    beginning of year $96,921 · end of year $26,095

  • 7 · Other notes and loans receivable

    beginning of year $12,300 · end of year $9,300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $610

  • 15 · Other assets

    beginning of year $407,159 · end of year $401,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,650 · end of year $126,015

  • 21 · Escrow or custodial account liability

    beginning of year $8,385 · end of year $8,385

  • 27 · Net assets without donor restrictions

    beginning of year $855,895 · end of year $643,730

Mission and programs · 2023

Mission

TO PROVIDE LENDING SERVICES AND RELATED HOME OWNERSHIP EDUCATION TO RESIDENTS OF OR PROSPECTIVE HOME BUYERS IN THE CITY OF NEW HAVEN.

  • TO PROVIDE LENDING SERVICES AND RELATED HOME OWNERSHIP EDUCATION TO RESIDENTS OF OR PROSPECTIVE HOME BUYERS IN THE CITY OF NEW HAVEN.

    Expenses $637,561

As filed on the 2023 return.

Listed in Part VII

  • Glenn Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nina Fawcett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Velma George

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Monika Mittelholzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr James Paley

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    5 + 40 related

  • Jacquelyn Pheanious

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jesse Phillips

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carol Heller

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Sarah McQueen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Leslie Radcliffe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Virginia Stevenson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.0
Source object
202442709349301124

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