Norwalk Town Union Of The Kings Daughters & Sons Inc
- Assets
- $3.7m
- Revenue
- $521.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 11/2017
- Data as of
- 09/2021
- EIN
- 82-1636371
Organization Overview
Norwalk Town Union Of The Kings Daughters & Sons Inc is located in Norwalk, CT. The organization was established in 2017. According to its NTEE Classification (L40) the organization is classified as: Temporary 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. Norwalk Town Union Of The Kings Daughters & Sons 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 09/2021, Norwalk Town Union Of The Kings Daughters & Sons Inc generated $521.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 59.8% each year . All expenses for the organization totaled $393.4k during the year ending 09/2021. While expenses have increased by 69.0% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO TENANTS AT A MORE AFFORDABLE RATE IN A LARGE CITY RENTING FOUR APARTMENTS.
NORWALK TOWN UNION OF KINGS DAUGHTERS AND SONS INC. ALSO ASSISTS AN ELDERLY HOUSING FACILITY FOR RESIDENTS 62 YEARS OF AGE AND OLDER.IT PAYS AN INTEGRAL PART IN FUNDING PROGRAMS AND PROJECTS TO THE ELDERLY.
PROVIDE HOUSING TO ELDERLY TENNANTS 62 YEARS AND OLDER IN A LARGE CITY RENTING 30 APARTMENT UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael H Kennedy President | 2 | $0 | |
Tom Devine Treasurer | 0 | $0 | |
Ann Iannaccone Vice-President | 0 | $0 | |
James C Kennedy Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $359 |
| Interest on Savings | $206 |
| Dividends & Interest | $6,706 |
| Net Rental Income | $5,745 |
| Net Gain on Sale of Assets | $141,969 |
| Capital Gain Net Income | $141,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $311 |
| Other Income | $20,432 |
| Total Revenue | $521,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $1,850 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,742 |
| Depreciation | $1,070 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $360,681 |
| Total operating and administrative expenses | $393,358 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $393,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,156 |
| Savings and temporary cash investments | $207,234 |
| Net Accounts receivable | $908 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $75,991 |
| Inventories for sale or use | $1,000 |
| Prepaid expenses and deferred charges | $14,154 |
| Net Investments - land, buildings, equipment | $2,038,548 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,010,830 |
| Net Land, buildings, and equipment | $39,970 |
| Other assets | $313,980 |
| Total assets | $3,723,771 |
| Accounts payable and accrued expenses | $51,591 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,921,096 |
| Other liabilities | $0 |
| Total liabilities | $1,972,687 |
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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 |
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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 |