MY SISTERS' PLACE INC

EIN: 061079879 501(c)(3)

HARTFORD, CT

Total Revenue
$5,242,497
Total Expenses
$4,592,905
Total Assets
$23,547,180
Net Assets
$16,278,421
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CT
Principal Officer
KARA A CAPONE
Phone
8608082033
Tax Period
2024-07-01 to 2025-06-30

MY SISTERS' PLACE INC, founded in 1982, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $4.6M left a modest 12% surplus.

Mission

MY SISTERS PLACE IS COMMITTED TO ENDING HOMELESSNESS BY EMPOWERING WOMEN, FAMILIES, AND OTHERS IN GREATER HARTFORD TO ACHIEVE INDEPENDENCE AND STABILITY IN THEIR COMMUNITY BY PROVIDING HOUSING AND SUPPORTIVE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $2,117,604

AFFORDABLE HOUSING: 1. MARY SEYMOUR PLACE APARTMENTS, LOCATED IN HARTFORD,PROVIDES SINGLE MEN OR WOMEN AFFORDABLE RENTAL APARTMENTS. TENANTS HOLD THEIR OWN LEASES. UNITS ARE LEASED TO LOW AND...

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AFFORDABLE HOUSING: 1. MARY SEYMOUR PLACE APARTMENTS, LOCATED IN HARTFORD,PROVIDES SINGLE MEN OR WOMEN AFFORDABLE RENTAL APARTMENTS. TENANTS HOLD THEIR OWN LEASES. UNITS ARE LEASED TO LOW AND MODERATE INCOME TENANTS. THERE ARE 30 ONEBEDROOM APARTMENTS ONSITE,AS WELL AS VOLUNTARY CASE MANAGEMENT AND REFERRAL/ADVOCACY PROGRAMS AVAILABLE. 2. THE SUE ANN SHAY PLACE APARTMENTS CONSIST OF 34 AFFORDABLE ONE, TWO AND THREE BEDROOM RENTAL APARTMENTS FOR WOMEN AND THEIR FAMILIES LOCATED IN HARTFORD, CT. UNITS ARE LEASED TO LOW AND MODERATE INCOME TENANTS. TENANTS HOLD THEIR OWN LEASES. VOLUNTARY CASE MANAGEMENT AND REFERRAL/ADVOCACY PROGRAMS ARE ALSO AVAILABLE ONSITE. 3. THE BEAUMONT LOFTS, A 24 -UNIT APARTMENT AFFORDABLE AND SUPPORTIVE HOUSING COMPLEX FOR BOTH FAMILIES AND SINGLE INDIVIDUALS, PROVIDES VOLUNTARY CASE MANAGEMENT AND REFERRAL/ADVOCACY PROGRAMS. UNITS ARE LEASED TO LOW AND MODERATE INCOME TENANTS.

Program 2
Expenses: $1,280,008

SUPPORTIVE HOUSING PROGRAMS: MY SISTERS' PLACE PROVIDES SUPPORTIVE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES WHO WERE FORMERLY HOMELESS AND UNABLE TO HOLD THEIR OWN LEASE. THROUGH THE MARY...

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SUPPORTIVE HOUSING PROGRAMS: MY SISTERS' PLACE PROVIDES SUPPORTIVE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES WHO WERE FORMERLY HOMELESS AND UNABLE TO HOLD THEIR OWN LEASE. THROUGH THE MARY SEYMOUR PLACE APARTMENTS AND SUE ANN SHAY PLACE APARTMENTS AND THE BEAUMONT LOFTS, MSP PROVIDES HOUSING AND SUPPORT SERVICES FOR THOSE WHO MEET ONE OR MORE OF THE FOLLOWING CRITERIA: LOW INCOME, LIVING WITH A MENTAL ILLNESS, AND/OR CURRENTLY HOMELESS. SECURITY DEPOSIT PROGRAMS - MSP OPERATES A FEW DIFFERENT PROGRAMS PROVIDING LIMITED FINANCIAL ASSISTANCE SUCH AS SECURITY DEPOSITS, FIRST MONTH'S RENT, SECURITY DEPOSIT GUARANTEES AND SOMETIMES SMALL RENTAL ARREARS TO HOUSEHOLDS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS. AVAILABLE FUNDING VARIES AND SPECIFIES WHAT HOUSEHOLDS MAY BE SERVED AND WHAT EXPENSES CAN BE COVERED. THE HARTFORD FOUNDATION FOR PUBLIC GIVING, THE HARTFORD AND THE FIRST CONGREGATIONAL CHURCH OF VERNON HAVE BEEN LONG-TIME SUPPORTERS OF THESE PROGRAMS. LAST YEAR, A TOTAL OF 220 INDIVIDUALS WERE SERVED THROUGH THE RENTAL ASSISTANCE PROGRAMS. HOUSING MOBILITY PROGRAM - ASSISTS 100 INDIVIDUALS AND FAMILIES WITH HOUSING SUBSIDIES TO MOVE FROM AREAS OF LOW OPPORTUNITY (USUALLY IN CITIES) TO AREAS OF HIGHER OPPORTUNITY IN THE HARTFORD REGION. HIGH OPPORTUNITY AREAS ARE THOSE WITH BETTER SCHOOL SYSTEMS, LOW CRIME RATES, BETTER TRANSPORTATION AND BETTER JOB OPPORTUNITIES. STAFF PROVIDE TENANT EDUCATION, MOBILITY COUNSELING, AND HOUSING SEARCH ASSISTANCE BY MEETING WITH POTENTIAL CLIENTS, LANDLORDS, AND PROGRAM STAFF TO MATCH PEOPLE WITH OPPORTUNITIES. TO QUALIFY, CLIENTS MUST HAVE A SECTION 8 OR RAP HOUSING VOUCHER ALONG WITH AT LEAST ONE CHILD 13 OR YOUNGER LIVING IN THE HOUSEHOLD. LAST YEAR, A TOTAL OF 466 INDIVIDUALS WERE SERVED THROUGH THE HOUSING MOBILITY COUNSELING PROGRAM.

Program 3
Expenses: $391,523

PERMANENT SUPPORTIVE HOUSING: PERMANENT SUPPORTIVE HOUSING (PSH) INTEGRATES PERMANENT, AFFORDABLE RENTAL HOUSING THROUGHOUT THE HARTFORD AREA WITH THE BEST PRACTICE COMMUNITY BASED SUPPORTIVE...

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PERMANENT SUPPORTIVE HOUSING: PERMANENT SUPPORTIVE HOUSING (PSH) INTEGRATES PERMANENT, AFFORDABLE RENTAL HOUSING THROUGHOUT THE HARTFORD AREA WITH THE BEST PRACTICE COMMUNITY BASED SUPPORTIVE SERVICES NEEDED TO HELP PEOPLE WHO ARE HOMELESS AND/OR HAVE SERIOUS AND LONGTERM DISABILITIES SUCH AS MENTAL ILLNESSES, DEVELOPMENTAL DISABILITIES, PHYSICAL DISABILITIES, SUBSTANCE USE DISORDERS, AND CHRONIC HEALTH CONDITIONS ACCESS AND MAINTAIN STABLE HOUSING IN THE COMMUNITY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,071,766
Program Service Revenue $1,945,309
Investment Income $86,846
Other Revenue $138,576
TOTAL REVENUE $5,242,497

Expense Breakdown

Grants Paid $488,957
Salaries & Benefits $1,943,501
Fundraising Expenses $167,986
Program Expenses $3,942,427
Other Expenses $2,160,447
TOTAL EXPENSES $4,592,905

Year-over-Year Comparison

2024 2023 Change
Revenue $5,242,497 $8,645,513 -0.4%
Expenses $4,592,905 $3,754,884 +0.2%
Net Income $649,592 $4,890,629 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
27
Volunteers
138

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
7
$563,646
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE BENGSTON CHAIR 1.00
Officer Director
$0 $0 $0
LISA HOISL VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW CANDILORO TREASURER 1.00
Officer Director
$0 $0 $0
LEAH CHAPMAN SECRETARY 1.00
Officer Director
$0 $0 $0
KEN MCAVOY DIRECTOR 1.00
Director
$0 $0 $0
MARVA PATTERSON DIRECTOR 1.00
Director
$0 $0 $0
MARIE SPADORCIA DIRECTOR 1.00
Director
$0 $0 $0
NICOLE TERRY DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY TORSIELLO DIRECTOR 1.00
Director
$0 $0 $0
MARK TUREK DIRECTOR 1.00
Director
$0 $0 $0
COLIN WRINN DIRECTOR 1.00
Director
$0 $0 $0
JESSICA HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
KAREN MATHESON DIRECTOR 1.00
Director
$0 $0 $0
KARA A CAPONE CEO 14.00
Officer
$0 $17,685 $202,005
DANIEL GURVICH CFO 14.00
Officer
$0 $16,987 $193,839
KATHLEEN SHAW COO 14.00
Officer
$151,068 $16,734 $167,802
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
2025 $5,242,497 $4,592,905 $23,547,180 $649,592
2024 No data No data No data No data
2023 $3,895,096 $4,034,743 $15,399,194 $-139,647
2022 $3,982,385 $4,153,124 $14,176,461 $-170,739
2021 $3,458,114 $3,745,729 $14,977,944 $-287,615
2020 $2,970,728 $3,045,797 $14,764,308 $-75,069
2019 $3,262,706 $3,214,762 $14,703,057 $47,944
2018 $3,163,539 $3,584,708 $14,609,224 $-421,169
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