Skip to content
Nonprofiteer
← NORWICH HOUSING CORPORATION

Form 990 for tax year 2022

Filed by NORWICH HOUSING CORPORATION.

Totals

Total revenue
$270,257
Total expenses
$463,634
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
$313,912
Investment income
-$43,655
Other revenue
$0
Total assets, end of year
$10,521,949
Total liabilities, end of year
$1,485,106
Net assets or fund balances, end of year
$9,036,843
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: CHAPTER LOAN INTEREST

    total $309,026 · related or exempt $309,026

  • 2b · Program service revenue: MANAGEMENT FEES

    total $4,886 · related or exempt $4,886

  • 3 · Investment income

    total $54,941 · unrelated business $54,941

  • 7a · Gross sales of assets other than inventory

    securities $1,281,655

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

    securities $1,380,251

  • 7c · Gain or loss

    securities -$98,596

  • 7d · Net gain or loss

    total -$98,596 · unrelated business -$98,596

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000

  • 11a · Fees: management

    total $210,288

  • 11c · Fees: accounting

    total $4,414

  • 11f · Fees: investment management

    total $14,525

  • 13 · Office expenses

    total $70

  • 14 · Information technology

    total $3,210

  • 17 · Travel

    total $6,887

  • 19 · Conferences, conventions and meetings

    total $192,413

  • 23 · Insurance

    total $2,433

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $10,777

  • 24b · Other expenses: SPECIAL EVENTS

    total $6,380

  • 24c · Other expenses: MISCELLANEOUS

    total $2,237

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $216,962 · end of year $266,356

  • 2 · Savings and temporary cash investments

    beginning of year $504,504 · end of year $227,154

  • 4 · Accounts receivable

    beginning of year $108,660 · end of year $140,139

  • 7 · Other notes and loans receivable

    beginning of year $7,628,105 · end of year $7,570,229

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,474 · end of year $4,484

  • 11 · Investments: publicly traded securities

    beginning of year $1,821,102 · end of year $2,313,587

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,081,555 · end of year $1,484,206

  • 25 · Other liabilities

    beginning of year $79,358 · end of year $900

  • 27 · Net assets without donor restrictions

    beginning of year $9,120,894 · end of year $9,036,843

Mission and programs · 2022

Mission

THE NORWICH HOUSING CORPORATION PROVIDES FUNDING TO MEMBER ALUMNI CORPORATIONS WHICH PROVIDE HOUSING OPPORTUNITIES FOR THEIR UNDERGRADUATE STUDENT MEMBERS.

  • MORTGAGE LOANS: TO PROVIDE ASSISTANCE TO AFFILIATED CHAPTERS BY AIDING IN THE PROCESS OF ISSUING LOANS FOR HOUSING PURPOSES.

  • LIFE SAFETY LOANS: LOANS GIVEN AT LOW INTEREST RATES TO FUND LIFE SAFETY IMPROVEMENTS FOR UNDERGRADUATE STUDENT HOUSING.

  • LADUE LOANS: EMERGENCY LOANS FOR HOUSE REPAIRS/IMPROVEMENTS.

As filed on the 2022 return.

Listed in Part VII

  • Joe L Clack

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Peter S Mackey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Eric W Raasch

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Douglas M Allen

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Joseph S Couch

    COUNSELOR

    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

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349300534

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.