Community Renewal Team Inc
- Assets
- $32.6m
- Revenue
- $50.7m
- Investments
- $5.9m
- Employees
- 349
- Location
- Hartford, CT
- Founding
- 07/1964
- Data as of
- 12/2021
- EIN
- 06-0795640
Organization Overview
Community Renewal Team Inc is located in Hartford, CT. The organization was established in 1964. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Community Renewal Team Inc employed 349 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Renewal Team Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Community Renewal Team Inc generated $50.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $49.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY ASSISTANCE PROGRAMS: CRT'S ENERGY ASSISTANCE PROGRAM PROVIDES ASSISTANCE TO LOW INCOME FAMILIES TO HELP WITH HOME HEATING COSTS. CRT'S WEATHERIZATION PROGRAM PROVIDES LOW INCOME FAMILIES WITH ASSISTANCE IN MAKING THEIR HOMES MORE ENERGY EFFICIENT IN AN EFFORT TO HELP REDUCE THEIR MONTHLY UTILITY COSTS. DURING FISCAL YEAR 2021, CRT PROVIDED ENERGY ASSISTANCE TO 20,345 FAMILIES AND PROVIDED WEATHERIZATION ASSISTANCE TO 707 UNITS.
NUTRITION SERVICES: CRT'S NUTRITION SERVICES PROVIDE ACCESS TO HEALTHY AND NUTRITIOUS FOOD FOR CHILDREN AND SENIORS. NUTRITIOUS BREAKFASTS, SNACKS AND LUNCHES ARE PROVIDED AT CRT'S EARLY CARE AND EDUCATION CENTERS AND DURING THE SUMMER MONTHS VIA THE SUMMER FOOD SERVICE PROGRAM AT COMMUNITY LOCATIONS. MEALS FOR SENIORS ARE OFFERED AT COMMUNITY CAFES AND DELIVERED DIRECTLY TO THE HOMES OF HOMEBOUND SENIORS. DURING FISCAL YEAR 2021, CRT PROVIDED ASSISTANCE TO 4,547 INDIVIDUALS.
HOUSING SERVICES: CRT OPERATES A VARIETY OF HOUSING ASSISTANCE PROGRAMS. THESE RANGE FROM HOUSING COUNSELING FOR HOMEOWNERS TO TWO EMERGENCY SHELTERS, ONE FOR SINGLE MEN (MCKINNEY IN HARTFORD) AND EAST HARTFORD FOR FAMILIES. STAFF ALSO WORK WITH INDIVIDUALS WHO ARE HOMELESS OR UNSTABLY HOUSED TO FIND AND RETAIN HOUSING. THESE DIFFERENT HOUSING INITIATIVES INVOLVE ENSURING THAT APARTMENTS ARE HABITABLE, NEGOTIATING WITH LANDLORDS, ASSISTING WITH RENT AND UTILITIES, AND LINKING CLIENTS TO PROGRAMS THAT WILL HELP THEM MAINTAIN STABLE HOUSING (E.G MENTAL HEALTH AND SUBSTANCE USE SERVICES, FINANCIAL LITERACY, EDUCATIONAL CLASSES, VOCATIONAL TRAINING, ETC.) THROUGH THESE SUPPORTIVE HOUSING PROJECTS, THE AGENCY WORKS WITH EX-OFFENDERS, HOMELESS VETERANS, ADULTS, YOUTH AND THE CHRONICALLY HOMELESS. CRT ALSO OPERATES A NUMBER OF ITS OWN PROPERTIES. THESE INCLUDE AN ASSISTED LIVING FACILITY FOR SENIORS (THE RETREAT), HOUSING COMPLEXES THAT OFFER AFFORDABLE APARTMENTS FOR SENIORS AND FOR GRANDPARENTS RAISING THEIR CHILDREN, AND A TRANSITIONAL RESIDENCE FOR HOMELESS VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Magdalena Rodriguez President/ceo | Officer | 35 | $295,122 |
Heidi Lubetkin Vice President | 35 | $136,181 | |
Jeffrey Walsh Chief Financial Officer | Officer | 35 | $126,129 |
Christopher Mccluskey Vice President | 35 | $125,419 | |
Anthony DE Luca Director Of It | 35 | $124,998 | |
Fernando Betancourt Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Plus Improvement Group Llc Weatherization | 12/30/21 | $989,919 |
Conserve Llc Weatherization | 12/30/21 | $276,525 |
Topnotch Home Solution Llc Weatherization | 12/30/21 | $108,377 |
B And W Paving And Ladnscaping Llc Paving And Landscaping | 12/30/21 | $103,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $937,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $937,222 |
| Total Program Service Revenue | $49,465,843 |
| Investment income | $198,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,413 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,680,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,596,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $462,419 |
| Compensation of current officers, directors, key employees. | $462,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,085,510 |
| Pension plan accruals and contributions | $300,639 |
| Other employee benefits | $2,107,098 |
| Payroll taxes | $1,264,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,713 |
| Fees for services: Accounting | $80,109 |
| Fees for services: Lobbying | $35,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,675,084 |
| Advertising and promotion | $11,180 |
| Office expenses | $4,631,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,647,811 |
| Travel | $365,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609,789 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $49,379,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,041 |
| Savings and temporary cash investments | $12,376,005 |
| Pledges and grants receivable | $3,753,449 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,359 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,041,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,892,537 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,472,577 |
| Total assets | $32,612,649 |
| Accounts payable and accrued expenses | $1,566,532 |
| Grants payable | $0 |
| Deferred revenue | $7,560,625 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,606,548 |
| Total liabilities | $11,733,705 |
| Net assets without donor restrictions | $19,884,103 |
| Net assets with donor restrictions | $994,841 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,612,649 |
Grants Awarded
Over the last fiscal year, Community Renewal Team Inc has awarded $1,158,560 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF EAST HARTFORD CONNECTICUT PURPOSE: Headstart Grant Program Headstart Grant Program | $870,801 |
BRISTOL COMMUNITY ORGANIZATION INC PURPOSE: Headstart Grant Program | $287,759 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Community Renewal Team Inc has recieved totaling $1,227,728.
| Awarding Organization | Amount |
|---|---|
Eastern Connecticut Area Agency On Aging Inc Norwich, CT PURPOSE: NUTRITION | $665,870 |
Journey Home Incorporated Hartford, CT PURPOSE: HOMELESSNESS ASSISTANCE | $361,859 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: BASIC HUMAN NEEDS | $70,628 |
Timken Foundation Of Canton Canton, OH PURPOSE: CAPITAL PROJECTS ON BEHALF OF WOMEN AND CHILDREN | $58,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: ARTS AND CULTURE | $20,000 |
Burton & Phyllis Hoffman Foundation Inc East Hartford, CT PURPOSE: $5,000 FOR RUTH BADER GINSBURG MURAL PROJECT AND $11,000 FOR HOLIDAY BASKETS/GIFT CARDS | $16,000 |
Endowment Analysis
| Beg. Balance | $515,837 |
| Earnings | $10,721 |
| Admin Expense | $5,499 |
| Net Contributions | $473,782 |
| Ending Balance | $994,841 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Ground Inc Brooklyn, NY | $83,365,345 | $129,310,965 |
Dalio Family Fund Inc Westport, CT | $3,471,122,443 | $134,784,215 |
Catholic Charities Neighborhood Services Inc Brooklyn, NY | $32,235,600 | $116,003,581 |
Good Shepherd Services New York, NY | $154,839,651 | $104,443,778 |
Selfhelp Community Services Inc New York, NY | $84,510,412 | $100,626,590 |
Heart Share Human Services Of New York Brooklyn, NY | $135,027,359 | $103,566,344 |
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |