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Nonprofiteer
← CIL REALTY INC

Form 990 for tax year 2022

Filed by CIL REALTY INC.

Totals

Total revenue
$1,634,475
Total expenses
$1,479,924
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,582,608
Investment income
$46,870
Other revenue
$4,997
Total assets, end of year
$30,170,086
Total liabilities, end of year
$23,762,609
Net assets or fund balances, end of year
$6,407,477
Program services expenses (Part IX)
$1,467,143
Management and general expenses
$6,926
Fundraising expenses
$5,855
Program service expenses (Part III)
$1,467,143

Program services were 99.1% 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 $1,208,015 · related or exempt $1,208,015

  • 2b · Program service revenue: PROGRAM RENTAL INCOME

    total $374,593 · related or exempt $374,593

  • 3 · Investment income

    total $15,314 · excluded $15,314

  • 7a · Gross sales of assets other than inventory

    other assets $389,000

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

    other assets $357,444

  • 7c · Gain or loss

    other assets $31,556

  • 7d · Net gain or loss

    total $31,556 · excluded $31,556

  • 11d · All other revenue

    total $4,997 · related or exempt $4,997

  • 11e · Other revenue, total

    $4,997

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,126 · management and general $5,126

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 13 · Office expenses

    total $3,971 · program services $3,971

  • 16 · Occupancy

    total $1,171 · program services $1,171

  • 20 · Interest

    total $1,217,728 · program services $1,217,728

  • 22 · Depreciation, depletion and amortization

    total $170,373 · program services $170,373

  • 23 · Insurance

    total $73,900 · program services $73,900

  • 24e · All other expenses

    total $5,855 · fundraising $5,855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $288,676 · end of year $221,086

  • 2 · Savings and temporary cash investments

    beginning of year $3,579,479 · end of year $4,356,277

  • 4 · Accounts receivable

    beginning of year $20,920 · end of year $2,460

  • 7 · Other notes and loans receivable

    beginning of year $201,822 · end of year $197,476

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,043 · end of year $7,809

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

    $8,440,420

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

    $1,519,057

  • 10c · Land, buildings and equipment, net

    beginning of year $5,035,019 · end of year $6,921,363

  • 13 · Investments: program-related

    beginning of year $16,339,822 · end of year $15,423,553

  • 15 · Other assets

    beginning of year $4,548,216 · end of year $3,040,062

  • 17 · Accounts payable and accrued expenses

    beginning of year $381,598 · end of year $148,234

  • 19 · Deferred revenue

    beginning of year $72,667 · end of year $101,978

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,978,274 · end of year $17,794,628

  • 23 · Secured mortgages and notes payable

    beginning of year $4,338,532 · end of year $5,330,709

  • 25 · Other liabilities

    beginning of year $0 · end of year $387,060

  • 27 · Net assets without donor restrictions

    beginning of year $6,252,926 · end of year $6,407,477

Mission and programs · 2022

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 06/30/2023, CIL REALTY ACQUIRED, DEVELOPED, LEASED AND MANAGED APPROXIMATELY 49 LICENSED RESIDENTIAL FACILITIES TO HOUSE PERSONS WITH DISABILITIES IN CONNECTICUT.

    Expenses $1,467,143 · Revenue $1,587,605

As filed on the 2022 return.

Listed in Part VII

  • KENT SCHWENDY

    PRESIDENT/CEO

    Total calculated
    $311,670
    From this org
    $0
    From related orgs
    $260,869
    Other
    $50,801
    Hours/week
    40 + 2.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,869 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,470 related
    Nontaxable benefits
    $0 + $24,331 related
    Filer's total
    $0 + $311,670 related

  • MARIA GREEN

    SECRETARY/CFO

    Total calculated
    $242,997
    From this org
    $0
    From related orgs
    $209,039
    Other
    $33,958
    Hours/week
    40 + 2.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,039 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,472 related
    Nontaxable benefits
    $0 + $17,486 related
    Filer's total
    $0 + $242,997 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

  • LISA ROBINSON

    ASSISTANT SECRETARY

    Total calculated
    $99,713
    From this org
    $0
    From related orgs
    $82,040
    Other
    $17,673
    Hours/week
    40 + 2.4 related

  • PATRICK PINNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • RUTH BANTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • PAUL SANFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • DOUGLAS HENLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • MARISA CHRYSOCHOOU

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349308140

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