GREATER DWIGHT COMMUNITY INVESTMENT CORPORATION

EIN: 061519070 501(c)(3) Community Improvement

NEW HAVEN, CT

Total Revenue
$2,096,121
Total Expenses
$2,032,606
Total Assets
$10,366,869
Net Assets
$2,915,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CT
Principal Officer
LINDA TOWNSEND MAIER
Phone
2037777374
Tax Period
2024-07-01 to 2025-06-30

GREATER DWIGHT COMMUNITY INVESTMENT CORPORATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 3% surplus.

Mission

THE CORPORATION PROMOTES ECONOMIC VITALITY AND NEIGHBORHOOD IMPROVEMENT IN THE GREATER DWIGHT COMMUNITY THROUGH CHARITABLE INVESTMENT AND DEVELOPMENT ACTIVITIES. (SEE SCHEDULE O) THE ORGANIZATION PARTICIPATES IN THE DEVELOPMENT, FINANCING, LEASING, AND MANAGEMENT OF DWIGHT PLACE, A COMMUNITY RETAIL CENTER THAT INCLUDES A SUPERMARKET INTENDED TO SERVE LOCAL RESIDENTS. THE CORPORATION ALSO ADMINISTERS MANAGEMENT SERVICES FOR THE PROJECT AND PROVIDES FINANCIAL ASSISTANCE TO THE GREATER DWIGHT DEVELOPMENT CORPORATION.

Program Service Accomplishments

Program 1
Expenses: $2,017,149 Revenue: $2,033,778

PARTICIPATED AS THE SOLE MEMBER OF CORAL NEW HAVEN ASSOCIATES II, LLC, A LIMITED LIABILITY COMPANY ESTABLISHED FOR THE EXPESSSED AND LIMITED PURPOSE OF PURCHASING, FINANCING, LEASING, MANAGING AND...

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PARTICIPATED AS THE SOLE MEMBER OF CORAL NEW HAVEN ASSOCIATES II, LLC, A LIMITED LIABILITY COMPANY ESTABLISHED FOR THE EXPESSSED AND LIMITED PURPOSE OF PURCHASING, FINANCING, LEASING, MANAGING AND SELLING "DWIGHT PLACE," A COMMERCIAL RETAIL SITE IN THE GREATER DWIGHT COMMUNITY, WHICH INCLUDES A SUPERMARKET. IN MANAGING THE CENTER THE ORGANIZATION WAS ABLE TO PROVIDE ACCESS TO REASONABLY PRICED, QUALITY FOOD AND DEVELOP MARKET-RATE JOBS TO THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,033,778
Investment Income $62,343
Other Revenue $0
TOTAL REVENUE $2,096,121

Expense Breakdown

Grants Paid $198,899
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,017,149
Other Expenses $1,833,707
TOTAL EXPENSES $2,032,606

Year-over-Year Comparison

2024 2023 Change
Revenue $2,096,121 $1,944,668 +0.1%
Expenses $2,032,606 $2,001,420 +0.0%
Net Income $63,515 $-56,752 -2.1%
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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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
1
$127,000
Total Directors
4
$127,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA TOWNSEND MAIER PRESIDENT 2.00
Officer Director
$0 $0 $127,000
GARY TINNEY TREASURER 2.00
Director
$0 $0 $0
ANNE DEMCHEK SECRETARY 2.00
Director
$0 $0 $0
CHERYL DICKERSON DIRECTOR 2.00
Director
$0 $0 $0
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 $2,096,121 $2,032,606 $10,366,869 $63,515
2024 $1,944,668 $2,001,420 $10,485,892 $-56,752
2023 $1,837,052 $1,531,266 $10,524,320 $305,786
2022 $1,840,301 $1,816,733 $10,412,283 $23,568
2021 $1,781,532 $1,847,649 $10,599,774 $-66,117
2020 $1,956,214 $2,803,476 $10,850,850 $-847,262
2019 $2,106,328 $3,201,681 $11,234,499 $-1,095,353
2018 $2,182,469 $1,678,487 $12,146,990 $503,982
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