CONNECTICUT HOUSING AND DEVELOPMENT CORP

EIN: 141909094 501(c)(3) Housing & Shelter

HARTFORD, CT

Total Revenue
$1,260,825
Total Expenses
$1,911,256
Total Assets
$26,566,949
Net Assets
$26,264,867
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CT
Principal Officer
ANNETTE SANDERSON
Phone
8607238413
Tax Period
2023-01-01 to 2023-12-31

CONNECTICUT HOUSING AND DEVELOPMENT CORP, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 52% operating deficit.

Mission

DEVELOP AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME IN CT TO PROMOTE SOCIAL WELFARE AND LESSEN GOVERNMENT BURDEN.

Program Service Accomplishments

Program 1
Expenses: $1,911,256 Revenue: $1,260,825

DEVELOP AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME PERSONS IN CONNECTICUT IN ORDER TO PROMOTE SOCIAL WELFARE, LESSEN THE BURDENS OF GOVERNMENT AND TO CONDUCT ACTIVITIES RELATED TO NEIGHBORHOOD AND...

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DEVELOP AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME PERSONS IN CONNECTICUT IN ORDER TO PROMOTE SOCIAL WELFARE, LESSEN THE BURDENS OF GOVERNMENT AND TO CONDUCT ACTIVITIES RELATED TO NEIGHBORHOOD AND COMMUNITY REVITALIZATION THAT ARE DESIGNED TO COMBAT COMMUNITY DETERIORATION, LESSEN NEIGHBORHOOD TENSIONS AND PROVIDE RELIEF OF THE POOR AND DISTRESSED OR UNDERPRIVILEGED.

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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 $0
Program Service Revenue $1,113,012
Investment Income $0
Other Revenue $147,813
TOTAL REVENUE $1,260,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,911,256
Other Expenses $1,911,256
TOTAL EXPENSES $1,911,256

Year-over-Year Comparison

2023 2022 Change
Revenue $1,260,825 $2,009,615 -0.4%
Expenses $1,911,256 $2,002,218 0.0%
Net Income $-650,431 $7,397 -88.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$239,873
Total Directors
5
$239,873
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNETTE SANDERSON PRESIDENT 0.05
Officer Director
$0 $33,500 $239,873
JEFFREY STEWART VICE PRESIDENT 0.05
Officer Director
$0 $0 $0
JAMES WOULFE TREASURER 0.05
Officer Director
$0 $0 $0
MARILYN ROSSETTI SECRETARY 0.05
Officer Director
$0 $0 $0
JULIANNE AVALLONE DIRECTOR 0.05
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
2024 No data No data No data No data
2023 $1,260,825 $1,911,256 $26,566,949 $-650,431
2022 $2,009,615 $2,002,218 $27,862,878 $7,397
2021 $1,838,745 $1,558,822 $28,000,182 $279,923
2020 $859,649 $1,568,660 $27,286,979 $-709,011
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