Malta House Inc
- Assets
- $6.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Norwalk, CT
- Founding
- 10/2001
- Data as of
- 06/2022
- EIN
- 06-1604710
Organization Overview
Malta House Inc is located in Norwalk, CT. The organization was established in 2001. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Malta House Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malta House 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 06/2022, Malta House Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 9.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MALTA HOUSE PROVIDES HOMELESS PREGNANT AND PARENTING WOMEN AND THEIR CHILDREN WITH SOCIAL SERVICES SUPPORT; ON-SITE HOUSING OR FINANCIAL ASSISTANCE FOR OFF-SITE HOUSING; CHILD CARE; EDUCATIONAL OPPORTUNITIES FOR EMPLOYMENT; AND PARENTING AND INDEPENDENT-LIVING SKILLS TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAM: IN FISCAL YEAR 2021-2022, MALTA HOUSE SERVED 33 WOMEN AND THEIR BABIES WITH HOUSING, CHILDCARE, CLOTHING, FOOD, AND BABY SUPPLIES. IN ADDITION, WE PROVIDED SUPPORT FOR SOCIAL SERVICES, SUPPORT FOR EMPLOYMENT AND EDUCATIONAL PLACEMENT, AND HEALTHCARE ADVOCACY. EACH RESIDENT PARTICIPATED IN OUR INTEGRATIVE FORMATIONAL PROGRAM THAT PROVIDES IN-HOUSE EDUCATIONAL OPPORTUNITIES IN: PERSONAL AND LIFE SKILLS; WORKPLACE PREPARATION; PARENTING AND CHILD DEVELOPMENT; AND HEALTH AND WELLNESS. WE ALSO OFFER IN-HOUSE INDIVIDUAL MENTORING, PASTORAL CARE, AND COUNSELING SERVICES. FINANCIAL SCHOLARSHIPS FOR COMPLETION OF A TRADE OR COMMUNITY COLLEGE CERTIFICATE PROGRAMS WERE AVAILABLE. UPON GRADUATION RESIDENTS ARE MORE COMPETENT TO LIVE INDEPENDENTLY AS NEW PARENTS.
PARTNERING FOR SUCCESS: IN FISCAL YEAR 2021-2022, MALTA HOUSE PROVIDED 24 FORMER RESIDENTS WITH ONGOING SUPPORT FOR SOCIAL SERVICES, AND HEALTH AND LEGAL ADVOCACY, IN ADDITION TO FINANCIAL ASSISTANCE FOR HOUSING, CHILDCARE, AND EDUCATIONAL OPPORTUNITIES. ALL FORMER RESIDENTS ARE WELCOME TO PARTICIPATE IN ALL CLASSES PROVIDED IN HOUSE TO OUR RESIDENTS IN ADDITION TO COUNSELING AND PASTORAL CARE SERVICES. OUR CLIENTS CONTINUED TO GROW IN CONFIDENCE, COMPETENCY, AND SELF-RELIANCE.
COMMUNITY OUTREACH: IN FISCAL YEAR 2021-2022, MALTA HOUSE SERVED 85 NEEDY FAMILIES FROM THE SURROUNDING COMMUNITY FROM OUR BABY PANTRY THAT IS STOCKED WITH DONATED ITEMS. FAMILIES WERE OFFERED EXCESS BABY FOOD, DIAPERS,BLANKETS, SUPPLIES, BOOKS, TOYS, AND OTHER NECESSARY BASICS SUCH AS WOMEN'S CLOTHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carey Dougherty Executive Di | Officer | 40 | $139,500 |
John Altieri Vice Chairma | OfficerTrustee | 6 | $0 |
Daniel Krenicki Treasurer | OfficerTrustee | 5 | $0 |
Kimberley Petrone Chairman | OfficerTrustee | 10 | $0 |
Mike Considine Director | Trustee | 1 | $0 |
Christoper Bell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $445,631 |
| Related organizations | $61,148 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $901,900 |
| Noncash contributions included in lines 1a–1f | $139,487 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,408,679 |
| Total Program Service Revenue | $4,465 |
| Investment income | $429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$141,609 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,271,964 |
| 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. | $139,500 |
| Compensation of current officers, directors, key employees. | $13,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $546,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,702 |
| Payroll taxes | $56,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,687 |
| Advertising and promotion | $0 |
| Office expenses | $90,902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,337 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,645 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,621,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,866 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $794,895 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,522 |
| Net Land, buildings, and equipment | $5,393,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,386,416 |
| Accounts payable and accrued expenses | $40,272 |
| Grants payable | $0 |
| Deferred revenue | $7,725 |
| 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 | $490,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $499,267 |
| Total liabilities | $1,037,264 |
| Net assets without donor restrictions | $5,322,731 |
| Net assets with donor restrictions | $26,421 |
| 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 | $6,386,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Malta House Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
The Richard And Barbara Whitcomb Foundation Holyoke, MA PURPOSE: GENERAL SUPPORT | $13,000 |
Endowment Analysis
| Beg. Balance | $1,496,528 |
| Earnings | -$142,762 |
| Other Expense | $70,914 |
| Ending Balance | $1,282,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heading Home Inc Boston, MA | $19,604,535 | $21,349,930 |
Mutual Housing Association Of South Central Connecticut Inc New Haven, CT | $47,838,595 | $8,401,880 |
Lcg Community Services Inc Brooklyn, NY | $2,005,849 | $5,179,376 |
St Marys Residence Of New York Inc New York, NY | $8,322,772 | $2,048,559 |
Kids In Crisis Inc Cos Cob, CT | $14,979,065 | $5,843,173 |
Mission E4 Inc Hubbardston, MA | $4,251,068 | $4,162,728 |
Homes With Hope Inc Westport, CT | $5,182,500 | $3,447,647 |
Felicity House Inc New York, NY | $4,733,154 | $4,501,074 |
456 West 129 Street Housing Corp New York, NY | $222,723 | $2,156,739 |
Mohawk Valley Community College Dormitory Corp Utica, NY | $11,430,493 | $1,921,749 |
Providence Ministries For The Needy Inc Holyoke, MA | $996,921 | $1,849,889 |
Bowdoin Manor Housing Inc Boston, MA | $8,217,374 | $1,802,793 |