Southside Institutions Neighborhood Alliance Inc

EIN: 060993174 501(c)(3) Community Improvement

Hartford, CT

Total Revenue
$1,407,400
Total Expenses
$1,291,355
Total Assets
$6,288,640
Net Assets
$5,465,913
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CT
Principal Officer
Logan Singerman
Phone
8604931618
Tax Period
2023-01-01 to 2023-12-31

Southside Institutions Neighborhood Alliance Inc, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $1.3M left a modest 8% surplus.

Mission

SINA is a partnership of CT Children's Medical Center, Hartford Hospital Trinity College that works cooperatively with community stakeholders to improve economic vitality the quality of life in South Central Hartford

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,138,186
Program Service Revenue $227,847
Investment Income $41,070
Other Revenue $297
TOTAL REVENUE $1,407,400

Expense Breakdown

Grants Paid $35,250
Salaries & Benefits $674,068
Fundraising Expenses $55,961
Program Expenses $1,015,589
Other Expenses $582,037
TOTAL EXPENSES $1,291,355

Year-over-Year Comparison

2023 2022 Change
Revenue $1,407,400 $1,713,005 -0.2%
Expenses $1,291,355 $1,743,669 -0.3%
Net Income $116,045 $-30,664 -4.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
6
Volunteers
300

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$294,994
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jane Baird Chairman 0.50
Officer Director
$0 $0 $0
Dan Hitchell Treasurer 0.50
Officer Director
$0 $0 $0
Greg Jones Secretary 0.50
Officer Director
$0 $0 $0
Cunegando Vergara Board Member 0.50
Director
$0 $0 $0
David Fichandler Board Member 0.50
Director
$0 $0 $0
Lawrence Milan Board Member 0.50
Director
$0 $0 $0
Ryan Calhoun Board Member 0.50
Director
$0 $0 $0
Carlos Espinosa Board Member 0.50
Director
$0 $0 $0
Abigail Fisher Williamson Board Member 0.50
Director
$0 $0 $0
Melvyn Colon Executive Director 40.00
Officer
$145,656 $21,616 $167,272
Keith Hedman Chief Financial Officer 40.00
Officer
$109,889 $17,833 $127,722
Dean Iaiennaro Director, Real Estate Development 40.00
Highest
$131,622 $30,671 $162,293
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,407,400 $1,291,355 $6,288,640 $116,045
2022 $1,713,005 $1,743,669 $5,391,812 $-30,664
2021 $1,765,981 $2,167,636 $5,370,562 $-401,655
2020 $3,587,091 $3,970,590 $5,554,434 $-383,499
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