John Kelly Housing Corporation in Torrington, Connecticut (CT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| John Kelly Housing Corporation | |
| Employer Identification Number (EIN) | 061417026 |
| Name of Organization | John Kelly Housing Corporation |
| Address | PO BOX 574, Torrington, CT 06790-0574 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Low and moderate income housing |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $964,218 |
| Amount of Income | $288,398 |
| Form 990 Revenue Amount | $42,421 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $288,398 (it was $44,953 in 2012)
| John Kelly Housing Corporation: | $288,398 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2013: $964,218 (it was $682,302 in 2012)
| John Kelly Housing Corporation: | $964,218 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2012: $50,462
| John Kelly Housing Corporation: | $50,462 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2012: 5.7
| John Kelly Housing Corporation: | 5.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| John Kelly Housing Corporation: | 0.0% |
| Other organizations performing similar types of work: | 47.4% |
Revenue for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $44,953 | $44,953 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $278 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $44,675 | |||
| Total expenses and disbursements | $50,462 | $45,829 | $0 | $4,633 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $50,462 | $45,829 | $4,633 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-5,509 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $682,302 | $682,302 |
| Cash - non-interest-bearing | $1,578 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $7,500 | |
| Other | $673,224 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $682,302 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $32,366 |
| Net value of noncharitable-use assets | $31,880 |
| Minimum investment return | $1,594 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,594 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,594 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mutual Housing California | 8001 Fruitridge Rd Ste A, Sacramento, CA 95820-6760 | CA | 1993-08 | $21,355,481 |
| 2 | Habitat For Humanity Of Coastal Fairfield County Inc | 1542 Barnum Ave, Bridgeport, CT 06610-3238 | CT | 1986-10 | $4,338,621 |
| 3 | Habitat For Humanity International Inc, Greater New Haven | 37 Union St, New Haven, CT 06511-5747 | CT | 1987-01 | $1,858,486 |
| 4 | Habitat For Humanity International Inc, Eastern Connecticut | 377 Broad St, New London, CT 06320-3725 | CT | 1987-01 | $1,598,831 |
| 5 | Coleman Towers Tenants Association Inc | 72 Spruce Street, Stamford, CT 06902-4947 | CT | 1994-12 | $1,235,815 |
| 6 | Interfaith Homes Incorporated | 800 Cottage Grove Rd Ste 512, Bloomfield, CT 06002-3064 | CT | 1968-12 | $918,311 |
| 7 | Tuscan Brotherhood Homes Inc | 49 Montville St, Hartford, CT 06120-1335 | CT | 1973-08 | $865,458 |
| 8 | Elderly Housing Development Corp Of Old Saybrook | 55 Sheffield Street, Old Saybrook, CT 06475-2334 | CT | 1987-01 | $528,886 |
| 9 | Litchfield Housing Trust Inc | PO BOX 1121, Litchfield, CT 06759-1121 | CT | 1994-08 | $382,227 |
| 10 | John Kelly Housing Corporation | PO BOX 574, Torrington, CT 06790-0574 | CT | 1995-10 | $288,398 |
| 11 | Fairfield County Mutual Housing Inc | 1 Park Street, Norwalk, CT 06851-4841 | CT | 1987-10 | $184,868 |
| 12 | Day And George Streets Housing Corporation | PO BOX 3295, New Haven, CT 06515-0395 | CT | 1995-05 | $167,343 |
| 13 | Salisbury Housing Committee Inc | PO BOX 10, Salisbury, CT 06068-0010 | CT | 1986-02 | $159,929 |
| 14 | Credo Housing Development Corporation | 1569 Thomaston Ave, Waterbury, CT 06704-1025 | CT | 1987-05 | $108,277 |
| 15 | West Hartford Interfaith Housing Coalition Inc | 18 Chimney Hill Dr, Farmington, CT 06032-2477 | CT | 1989-05 | $64,925 |
| 16 | Torrington Affordable Housing Inc | PO BOX 1172, Torrington, CT 06790-1172 | CT | 1988-04 | $40,750 |
| 17 | Action Housing Inc | 63 Stillwater Avenue, Stamford, CT 06902 | CT | 1991-12 | $0 |
| 18 | Affordable Housing Ventures Inc | PO BOX 1372, Hartford, CT 06143-1372 | CT | 1989-09 | $0 |
| 19 | Habitat For Humanity International Inc, Habitat For Humanity Of Litchfield Hills Inc | Po Box 1777, New Milford, CT 06776 | CT | 1987-01 | $0 |
| 20 | Urban Action Group Inc | 210 Congress St, Bridgeport, CT 06604-4007 | CT | 1987-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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