Ida B Wells Inc
- Assets
- $2.9m
- Revenue
- $451.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 09/2001
- Data as of
- 07/2022
- EIN
- 06-1617832
Organization Overview
Ida B Wells Inc is located in Hartford, CT. The organization was established in 2001. 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. Ida B Wells 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 07/2022, Ida B Wells Inc generated $451.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $602.2k during the year ending 07/2022. While expenses have increased by 0.6% per year over the past 8 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
TO PROVIDE LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING - 40 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Mullens President | OfficerTrustee | 2 | $0 |
Winifred Phillips Director | Trustee | 2 | $0 |
Rev Vernon Matthews Director | Trustee | 2 | $0 |
Gwendolyn Carty Director | Trustee | 2 | $0 |
Taniqua Huguley Director | Trustee | 2 | $0 |
Luverne Mott Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $44 |
| 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 | $451,582 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $76,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,486 |
| Fees for services: Management | $39,065 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,112 |
| Office expenses | $15,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102 |
| Interest | $35,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,793 |
| Insurance | $24,532 |
| All other expenses | $0 |
| Total functional expenses | $602,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,208 |
| Savings and temporary cash investments | $163,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,310 |
| 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 | $11,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,923,643 |
| Accounts payable and accrued expenses | $27,672 |
| 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 | $1,281,855 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,819 |
| Total liabilities | $1,322,346 |
| Net assets without donor restrictions | -$2,255,903 |
| Net assets with donor restrictions | $3,857,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,601,297 |