Glenbrook Road Elderly Housing Corp
- Assets
- $5.4m
- Revenue
- $654.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 10/1979
- Data as of
- 12/2021
- EIN
- 06-1031260
Organization Overview
Glenbrook Road Elderly Housing Corp is located in Stamford, CT. The organization was established in 1979. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenbrook Road Elderly Housing Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Glenbrook Road Elderly Housing Corp generated $654.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $488.0k during the year ending 12/2021. 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
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE LOW COST HOUSING FOR ELDERLY FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FOR ELDERLY FAMILIES WITH LIMITED INCOME IN STAMFORD, CONNECTICUT UNDER THE SECTION 8 PROGRAM OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ostuw President | OfficerTrustee | 1 | $0 |
Vincent Tufo Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ronice Latta Vice President | OfficerTrustee | 1 | $0 |
Bianca Shinn-Desras Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Housing Authority Of The City Of Stamfor Management Services | 12/30/20 | $142,013 |
Montagno Construction Construction | 12/30/20 | $562,777 |
Housing Authority Of The City Of Stamfor Management Services | 12/30/20 | $142,013 |
Montagno Construction Construction | 12/30/20 | $562,777 |
Housing Authority Of The City Of Stamfor Management Services | 12/30/20 | $142,013 |
Montagno Construction Construction | 12/30/20 | $562,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $486,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,550 |
| Total Program Service Revenue | $167,229 |
| Investment income | $805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,906 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $16,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,425 |
| Advertising and promotion | $2,774 |
| Office expenses | $7,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,765 |
| Insurance | $25,524 |
| All other expenses | $0 |
| Total functional expenses | $488,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,490,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $502,750 |
| Total assets | $5,427,840 |
| Accounts payable and accrued expenses | $29,063 |
| Grants payable | $0 |
| Deferred revenue | $7,260 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,107 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,441,686 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $907,072 |
| Total liabilities | $4,396,188 |
| Net assets without donor restrictions | $1,031,652 |
| Net assets with donor restrictions | $0 |
| 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 | $5,427,840 |
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Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |