GREATER STONINGTON REALTY CORPORATION

EIN: 473845814 501(c)(3) Housing & Shelter

Pawcatuck, CT

Total Revenue
$528,018
Total Expenses
$280,064
Total Assets
$806,539
Net Assets
$806,539
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CT
Principal Officer
Kathleen Careb
Phone
8605992600
Tax Period
2024-01-01 to 2024-12-31

GREATER STONINGTON REALTY CORPORATION, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $528K in total revenue in fiscal year 2024. The organization ran a surplus of $248K, a strong 47% operating margin.

Mission

The mission is to promote and educate affordable housing available to individuals and families in the geographic area located around Stonington, Connecticut. The specific purpose of the Corporation is to develop, redevelop, manage, sponsor, own, and expand the availability of affordable housing for very low and moderate income individuals and families in the greater Stonington area. In furtherance of its purpose, the Corporation may build, acquire, renovate, rehabilitate, and revitalize structures to be occupied by very low, low, and moderate income individuals and families in the area served by the Corporation on its own or in collaboration with other organizations, public and private.

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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 $505,000
Program Service Revenue $0
Investment Income $22,776
Other Revenue $242
TOTAL REVENUE $528,018

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $280,064
Other Expenses $280,064
TOTAL EXPENSES $280,064

Year-over-Year Comparison

2024 2023 Change
Revenue $528,018 $506,877 +0.0%
Expenses $280,064 $4,305 +64.1%
Net Income $247,954 $502,572 -0.5%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathleen Careb President 1
Officer Director
$0 $0 $0
Julie Savin Treasurer 1
Officer Director
$0 $0 $0
William Geary Secretary 1
Officer Director
$0 $0 $0
Suzanne Fetter Director 1
Director
$0 $0 $0
David Bouffard Director 1
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 $528,018 $280,064 $806,539 $247,954
2023 $506,877 $4,305 $558,585 $502,572
2020 $437,241 $439,599 $58,258 $-2,358
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