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Nonprofiteer
← WARREN HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by WARREN HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,815,686
Total expenses
$2,059,508
Contributions and grants received
$1,026,058
Grants paid
$149,800
Program service revenue
$582,484
Investment income
$1,169,769
Other revenue
$37,375
Total assets, end of year
$32,232,962
Total liabilities, end of year
$2,187,050
Net assets or fund balances, end of year
$30,045,912
Program services expenses (Part IX)
$2,039,256
Management and general expenses
$20,252
Fundraising expenses
$0
Program service expenses (Part III)
$2,039,256

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.

  • 1e · Government grants (contributions)

    $1,026,058

  • 2a · Program service revenue: Rentals

    total $616,816 · related or exempt $616,816

  • 2b · Program service revenue: Vacancies

    total -$34,332 · related or exempt -$34,332

  • 3 · Investment income

    total $1,169,769 · related or exempt $1,169,769

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Laundry

    total $9,011 · related or exempt $9,011

  • 11b · Other revenue: Tenant Charges

    total $16,176 · related or exempt $16,176

  • 11c · Other revenue: Other

    total $12,188 · related or exempt $12,188

  • 11e · Other revenue, total

    $37,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $149,800 · program services $149,800

  • 7 · Other salaries and wages

    total $342,818 · program services $342,818 · management and general $0

  • 8 · Pension plan contributions

    total $175,468 · program services $175,468 · management and general $0

  • 11b · Fees: legal

    total $15,046 · program services $15,046 · management and general $0

  • 11c · Fees: accounting

    total $48,870 · program services $31,726 · management and general $17,144

  • 11g · Fees: other

    total $261,308 · program services $259,757 · management and general $1,551

  • 12 · Advertising and promotion

    total $1,972 · program services $1,972 · management and general $0

  • 13 · Office expenses

    total $69,961 · program services $69,961 · management and general $0

  • 16 · Occupancy

    total $324,806 · program services $324,806

  • 20 · Interest

    total $39,731 · program services $39,731 · management and general $0

  • 22 · Depreciation, depletion and amortization

    total $111,382 · program services $111,382 · management and general $0

  • 23 · Insurance

    total $102,109 · program services $102,109 · management and general $0

  • 24a · Other expenses: Real Estate Taxes

    total $14,754 · program services $14,754 · management and general $0

  • 24b · Other expenses: Repair and Maintenance

    total $385,747 · program services $385,747 · management and general $0

  • 24c · Other expenses: Membership dues and publications

    total $1,557 · program services $0 · management and general $1,557

  • 24d · Other expenses: Other Expense

    total $14,179 · program services $14,179 · management and general $0

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,024,868 · end of year $15,570,956

  • 4 · Accounts receivable

    beginning of year $279,455 · end of year $390,951

  • 7 · Other notes and loans receivable

    beginning of year $14,731,259 · end of year $14,098,674

  • 8 · Inventories for sale or use

    beginning of year $43,221 · end of year $28,758

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,539 · end of year $25,631

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

    $7,905,090

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

    $5,830,992

  • 10c · Land, buildings and equipment, net

    beginning of year $2,185,482 · end of year $2,074,098

  • 15 · Other assets

    beginning of year $144,186 · end of year $43,894

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,594 · end of year $244,622

  • 19 · Deferred revenue

    beginning of year $18,889

  • 23 · Secured mortgages and notes payable

    beginning of year $1,885,410 · end of year $1,885,410

  • 25 · Other liabilities

    beginning of year $396,534 · end of year $57,018

  • 27 · Net assets without donor restrictions

    beginning of year $29,009,583 · end of year $30,045,912

Mission and programs · 2024

Mission

To promote and advance decent, safe and sanitary housing for persons of low income, and particularly the elderly or infirm, and act as the instrumentality of the Trumbull MHA to construct projects usable for public housing purposes or other charitable purpose.

Activities or mission (Part I)

To promote and advance decent, safe and sanitary housing for persons of low income, and particularly the elderly or infirm, and to act as the instrumentality of the Trumbull MHA to construct project usable for public housing purpose or the charitable purposes.

  • To promote and advance decent, safe and sanitary housing for person of lo income, and particularly the elderly or infirm, and to act as the instrumentality of the Trumbull MHA to construct projects usable for public housing purposes or other charitable purposes.

    Expenses $2,039,256 · Revenue $1,789,628

As filed on the 2024 return.

Listed in Part VII

  • Ronda L Bonekovic

    President

    Total calculated
    $0
    Hours/week
    0.5

  • Gilbert L Riger

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Gloria J Gray

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • John A Guarnieri

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Darryl L Rodgers Sr

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

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
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202641049349300904

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