Chappelle Gardens Inc is located in Hartford, CT. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chappelle Gardens 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, Chappelle Gardens Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 WAS ESTABLISHED IN 1994 AS A CONNECTICUT NONSTOCK CORPORATION WITHT THE PURPOSE OF AQUIRING, REHABILITATING AND HOLDING OUT FOR RENT, A 179 UNIT HOUSING COMPLEX LOCATED IN HARTFORD, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND HOLDS OUT FOR RENT A 179-UNIT HOUSING COMPLEX LOCATED IN HARTFORD, CONNECTICUT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shereka Emery Vice President | OfficerTrustee | 1 | $0 |
Betty Barker President | OfficerTrustee | 4 | $0 |
Judy Moyer Treasurer | OfficerTrustee | 1 | $0 |
Millicent Fitzpatrick Secretary | OfficerTrustee | 1 | $0 |
Mary Storey Director | Trustee | 1 | $0 |
Nicole Washington Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
White & Katzman Management,payroll Reimbursement, Mailin | 12/30/19 | $738,040 |
Pioneer Builders Of Newington Rehabilitation And Repairs | 12/30/19 | $898,555 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,121,740 |
Investment income | $576 |
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 | $2,122,316 |
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 | $157,216 |
Fees for services: Legal | $6,555 |
Fees for services: Accounting | $14,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,468 |
Office expenses | $57,423 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $952,844 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $184,514 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $343,355 |
Insurance | $257,049 |
All other expenses | $9,072 |
Total functional expenses | $2,494,316 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $134,479 |
Savings and temporary cash investments | $687,536 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $161,321 |
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 | $7,928,164 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,911,500 |
Accounts payable and accrued expenses | $261,956 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $2,916,559 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $78,873 |
Total liabilities | $3,257,388 |
Net assets without donor restrictions | $5,654,112 |
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 | $8,911,500 |
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