2024-11-08T10:38:06-06:00 2023-12-31 060903326 WHITTLESEY PC 280 TRUMBULL STREET 24TH FLOOR HARTFORD CT 06103 990 2023-01-01 061449234 SHORE AREA COMMUNITY DEVELOPMENT CORPORATION SHOR 2037779622 1240 CHAPEL STREET NEW HAVEN CT 06511 MELISSA KESSELL SR VP/CFO 2037779622 2024-11-07 1 1 NICHOLAS YANOUZAS P01423868 8605223111 2023 2024-10-15 13:58:12Z MELISSA KESSELL 1240 CHAPEL STREET NEW HAVEN CT 06511 3965813 0 X N/A X 1994 CT TO DEVELOP AFFORDABLE HOUSING LOCATIONS THROUGHOUT SOUTHERN CONNECTICUT 15 15 0 0 0 0 0 0 3183123 3417655 204163 457546 0 0 3387286 3875201 0 0 0 0 0 0 0 0 0 4590306 5037600 4590306 5037600 -1203020 -1162399 29270650 28736242 33864808 34490465 -4594158 -5754223 TO PROVIDE AND SPONSOR, FOR THE BENEFIT OF THE PUBLIC, PROGRAMS TO DEVELOP AFFORDABLE HOUSING LOCATIONS THROUGHOUT SOUTHERN CONNECTICUT 0 0 5037600 3417655 TO IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES BY ENSURING AFFORDABLE QUALITY HOUSING, BY IMPROVING THE SOCIAL AND ECONOMIC STABILITY OF NEIGHBORHOODS AND BY EXPANDING LOCALLY BASED COMMUNITY DEVELOPMENT EFFORTS. (APPROX 1,400 PEOPLE) 5037600 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 CT X MELISSA KESSELL CCCYMCA 2037779622 1240 CHAPEL STREET NEW HAVEN CT 06511 LOUIS PROCACCINI CHAIR 1.00 X X 0 0 0 MICHAEL LEONE TREASURER 1.00 X X 0 0 0 SABINE KUCZO SECRETARY 1.00 X X 0 0 0 JACOB CEDUSKY DIRECTOR 1.00 X 0 0 0 STEVEN CHIN DIRECTOR 1.00 X 0 0 0 MELANIA M FALCON DIRECTOR 1.00 X 0 0 0 WILL FARMER DIRECTOR 1.00 X 0 0 0 PAUL HIRSCH DIRECTOR 1.00 X 0 0 0 CHRISTOPHER ROSARIO DIRECTOR 1.00 X 0 0 0 TYRONE MCCLAIN DIRECTOR 1.00 X 0 0 0 PAM RALSTON DIRECTOR 1.00 X 0 0 0 TIMOTHY ROMANO DIRECTOR 1.00 X 0 0 0 JASON SCHECHTMAN DIRECTOR 1.00 X 0 0 0 BARBARA SZABO DIRECTOR 1.00 X 0 0 0 LAURA WILKINS DIRECTOR 1.00 X 0 0 0 DAVID STEVENSON PRESIDENT/CEO (THRU 12.31.23) 1.00 39.00 X 0 323685 29132 MELISSA KESSELL SR VP/CFO 10.00 30.00 X 0 178888 15677 CARMEN COLON-MARRERO VP OF BRIDGEPORT Y'S 20.00 20.00 X 0 152453 21512 TIMOTHY BARTLETT SR VP/COO (CEO EFFECTIVE 1.1.24) 1.00 39.00 X 0 200264 18024 0 855290 84345 0 0 1 0 0 RESIDENT FEES 624200 3413735 3413735 FACILITY USAGE 624200 3920 3920 3417655 228153 228153 320005 90612 229393 229393 229393 3875201 3417655 0 457546 1088418 1088418 64658 64658 4895 4895 1477690 1477690 887280 887280 759381 759381 755278 755278 5037600 5037600 0 0 486992 806114 43418 221572 225905 30534872 12455525 17451486 18079347 11110600 9581458 29270650 28736242 1110532 1338116 32496906 32854199 257370 298150 33864808 34490465 X -4594158 -5754223 -4594158 -5754223 29270650 28736242 -1162399 2334 0 X X 0 1 X 1 0 X 114579 1129744 166362 0 0 1410685 2296809 2381041 2742217 3183123 3417655 14020845 2411388 3510785 2908579 3183123 3417655 15431530 0 0 0 15431530 99546 27743 5727 64950 228153 426119 99546 27743 5727 64950 228153 426119 -13 103281 103268 2510921 3641809 2914306 3248073 3645808 15960917 0.96680 0.98290 0.02670 0.01810 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ -13. 2020 AMOUNT: $ 103,281. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 665965 665965 29868907 12455525 17413382 18079347 AFFORDABLE HOUSING RESERVES 7363701 DUE FROM RELATED ENTITIES 2217757 9581458 DUE TO RELATED ENTITIES 261992 EQUITY INVESTMENT IN WEST VILLAGE APARTMENTS 36158 298150 0 0 0 0 0 0 0 0 0 DAVID STEVENSON PRESIDENT/CEO (THRU 12.31.23) 0 310665 0 0 0 13020 0 29132 0 0 0 352817 0 0 TIMOTHY BARTLETT SR VP/COO (CEO EFFECTIVE 1.1.24) 0 187244 0 0 0 13020 0 18024 0 0 0 218288 0 0 MELISSA KESSELL SR VP/CFO 0 177868 0 0 0 1020 0 15677 0 0 0 194565 0 0 CARMEN COLON-MARRERO VP OF BRIDGEPORT Y'S 0 151433 0 0 0 1020 0 13924 0 7588 0 173965 0 0 PART I, LINE 3 THE RELATED ORGANIZATION ESTABLISHES ITS CEO'S COMPENSATION BY COMPENSATION SURVEY, BOARD APPROVAL, AND WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECEIVES A DRAFT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR AT THE ANNUAL MEETING THE POLICY IS DISTRIBUTED AND RESPONSES ARE TRACKED FOR COMPLIANCE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. 1240 CHAPEL STREET LLC 1240 CHAPEL STREET NEW HAVEN CT 06511 061365324 99% LIMITED PARTNER INTEREST IN LOW INCOME HOUSING LIMITED PARTNERSHIP CT 4592 176417 SHORE AREA COMMUNITY DEVELOPMENT CORPORATION CRESCENT APARTMENTS LLC 1240 CHAPEL STREET NEW HAVEN CT 06511 461032035 LOW INCOME MULTI-FAMILY HOUSING CT 591313 4236712 SHORE AREA COMMUNITY DEVELOPMENT CORPORATION ALPHA SUPPORTIVE HOUSING LLC 1240 CHAPEL STREET NEW HAVEN CT 06511 461040222 LOW INCOME MULTI-FAMILY HOUSING CT 484366 4135650 SHORE AREA COMMUNITY DEVELOPMENT CORPORATION HARRISON SUPPORTIVE HOUSING LLC 1240 CHAPEL STREET NEW HAVEN CT 06511 473304871 LOW INCOME MULTI-FAMILY HOUSING CT 1213604 9935115 SHORE AREA COMMUNITY DEVELOPMENT CORPORATION WASHINGTON PARK APARTMENTS LLC 1240 CHAPEL STREET NEW HAVEN CT 06511 473289591 LOW INCOME MULTI-FAMILY HOUSING CT 995142 4374325 SHORE AREA COMMUNITY DEVELOPMENT CORPORATION CENTRAL CONNECTICUT COAST YMCA 1240 CHAPEL STREET NEW HAVEN CT 06511 060662195 YMCA CT 501(C)(3) 509(A)(2) N/A 0 AREYTO APARTMENTS LIMITED PARTNERSHIP 1240 CHAPEL STREET NEW HAVEN CT 06511 208040189 LOW INCOME MULTI-FAMILY HOUSING CT AREYTO APARTMENTS DEVELOPMENT CORPORATION RELATED 0 0 HOWE STREET LIMITED PARTNERSHIP 1240 CHAPEL STREET NEW HAVEN CT 06511 061365324 LOW INCOME MULTI-FAMILY HOUSING CT FIFTY-TWO HOWE INC RELATED 0 0 WASHINGTON PARK REVITALIZATION PROJECT LIMITED PARTNERSHIP 1240 CHAPEL STREET NEW HAVEN CT 06511 066453756 LOW INCOME MULTI-FAMILY HOUSING CT WASHINGTON PARK REVITALIZATION CORPORATION RELATED 0 0 STATE STREET BRIDGEPORT LIMITED PARTNERSHIP 1240 CHAPEL STREET NEW HAVEN CT 06511 061464627 LOW INCOME MULTI-FAMILY HOUSING CT 651 STATE STREET INC RELATED 0 0 AREYTO APARTMENTS DEVELOPMENT CORPORATION 1240 CHAPEL STREET NEW HAVEN CT 06511 208040110 LOW INCOME MULTI-FAMILY HOUSING CT SHORE AREA COMMUNITY DEVELOPMENT CORP C 93 1.00000 1 FIFTY-TWO HOWE INC 1240 CHAPEL STREET NEW HAVEN CT 06511 061339748 LOW INCOME MULTI-FAMILY HOUSING CT SHORE AREA COMMUNITY DEVELOPMENT CORP C 1.00000 1 651 STATE STREET INC 1240 CHAPEL STREET NEW HAVEN CT 06511 061464629 LOW INCOME MULTI-FAMILY HOUSING CT CENTRAL CONNECTICUT COAST YMCA C 0 WASHINGTON PARK REVITALIZATION CORPORATION 1240 CHAPEL STREET NEW HAVEN CT 06511 061499047 LOW INCOME MULTI-FAMILY HOUSING CT CENTRAL CONNECTICUT COAST YMCA C 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0