2025-11-14T13:53:17-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2024-01-01 223237413 MUTUAL HOUSING ASSOCIATION OF SOUTH CENTRAL CONNECTICUT INC MUTU 2035624514 235 GRAND AVENUE 2ND FLOOR NEW HAVEN CT 06513 TOM CRUESS PRESIDENT/CEO 2035624514 2025-11-06 1 1 JOLANTA TUCK P01340068 9592007000 2025-11-06 2024 2025-03-06 01:10:19Z TOM CRUESS 235 GRAND AVENUE 2ND FLOOR NEW HAVEN CT 06513 5415746 0 X WWW.NWNH.NET X 1992 CT TO DEVELOP, OWN AND MANAGE AFFORDABLE HOUSING; ENCOURAGE COMMUNITY INVOLVEMENT AND TO PREVENT AND ELIMINATE NEIGHBORHOOD DETERIORATION. 6 6 60 6 0 0 3918394 1794365 2920289 3404720 59387 -52682 198042 172548 7096112 5318951 0 0 0 0 2194110 2394502 0 0 62869 5246201 17947442 7440311 20341944 -344199 -15022993 51977137 39598907 33293297 35938060 18683840 3660847 X TO DEVELOP, OWN AND OPERATE PERMANENTLY AFFORDABLE QUALITY HOUSING THAT BUILDS STRONG, HEALTHY AND VIBRANT COMMUNITIES THROUGH ACTIVE RESIDENT AND COMMUNITY PARTICIPATION AND LEADERSHIP. 0 0 60471 3117051 REAL ESTATE DEVELOPMENTTHE REAL ESTATE DEVELOPMENT DIVISION PROVIDES A SIGNIFICANT SOURCE OF NEIGHBORWORKS NEW HORIZONS REVENUE THROUGH THE GENERATION OF DEVELOPER'S FEES UPON THE COMPLETION AND OCCUPANCY OF EACH DEVELOPMENT. REAL ESTATE DEVELOPMENT WORKS WITH MUNICIPALITIES ON SITE SELECTION, OBTAINS FUNDING COMMITMENTS, SELECTS GENERAL CONTRACTORS AND OVERSEES CONSTRUCTION.NEW HAVEN RICHARD STREET - 23 UNITS CONSISTS OF 20 UNITS FROM EXISTING PORTFOLIO IN NEED OF CAPITAL UPGRADES AND 3 UNITS AT 19 RICHARD STREET. BOTH BUILDINGS COMPLETED LEAD-BASED PAINT REMEDIATION IN THE SUMMER OF 2016. UNDER CONSTRUCTION, COMPLETION ESTIMATED Q4 2025.BRIDGEPORT 810 BOSTON AVE - 23 UNITS THIS IS AN ACQUISITION REHAB OF AN OPERATING SUPPORTIVE HOUSING PROPERTY. LIGHT REHAB OF EXTERIOR AND COMMON AREA UNDERWAY COMPLETION ESTIMATED Q2 2026.CHESHIRE JACK'S FARM- 44 UNITS NEW CONSTRUCTION IN PARTNERSHIP WITH CHESHIRE HOUSING AUTHORITY. 1-3 BEDROOMS IN 3 BUILDINGS. CONSTRUCTION UNDERWAY, COMPLETION ESTIMATED Q2 2027DERBY TROLLEY POINTE 105 UNITS TURN KEY ACQUISITION OF NEW MULTI-FAMILY APARTMENT BUILDING. CLOSING EST. Q4 2025GUILFORD WOODRUFF RESERVE - 16 UNITS NEW CONSTRUCTION WITH 1-3 BEDROOMS. ANTICIPATED CONSTRUCTION START 2026.NEW HAVEN GEORGE STREET 81 UNITS DEMOLITION AND NEW CONSTRUCTION OF EXISTING 58-UNIT PROPERTY IN OUR PORTFOLIO. LIHTC CREDIT APPLICATION TO BE SUBMITTED Q1 2026. 18843697 282649 PROPERTY MANAGEMENTTHIS DIVISION IS RESPONSIBLE FOR THE DAILY OPERATIONS OF THE PORTFOLIO, WHICH ENCOMPASSES PHYSICAL PLANT AND APPLICANT AND RESIDENT COMPLIANCE. NWNH'S PORTFOLIO, WHICH IS WORTH IN EXCESS OF $75 MILLION, CONSISTS OF 25 DEVELOPMENTS (OWNED OR MANAGED) WITH OVER 750 UNITS IN ANSONIA, BRANFORD, BRIDGEPORT, CLINTON, EAST HAVEN, GUILFORD, HAMDEN, MILFORD, NEW HAVEN, PAWCATUCK, SHELTON, SOUTHINGTON, AND WATERBURY.MAINTENANCE EMPLOYEES ARE RESPONSIBLE FOR ROUTINE AND EMERGENCY SERVICES, CLEANING GROUNDS AND COMMON AREAS, GENERAL UPKEEP, AND SUPERVISING AND SELECTING CONTRACTED VENDORS FOR CAPITAL IMPROVEMENT AND LANDSCAPING. PROPERTY MANAGEMENT STAFF ARE RESPONSIBLE FOR RESIDENT SELECTION, RENT COLLECTION, MARKETING UNITS, INITIAL LEASE-UP OF NEW DEVELOPMENTS, RESPONDING TO RESIDENT REQUESTS- SUCH AS TRANSFERS, REASONABLE ACCOMMODATION REQUESTS, FAIR HOUSING ISSUES, AND THE ANNUAL INCOME RECERTIFICATION AND LEASE RENEWAL. NEIGHBORWORKS NEW HORIZON MUTUAL HOUSING 730 GEORGE STREET, NEW HAVEN - 58 UNITS. COMMONLY KNOWN AS GEORGE STREET, UNITS RANGE FROM 1 BEDROOM TO 4 BEDROOMS IN SIZE. THE BUILDING UNDERWENT A GUT REHAB IN 1996, AND IN 2013 THE LIMITED PARTNERSHIP INTEREST WAS PURCHASED BY NWNH. HUBBARD WOODS MUTUAL HOUSING APPLE TREE LANE, GUILFORD - 13 UNITS. THE DEVELOPMENT CONSISTS OF SEMI-DETACHED AND DETACHED SINGLE-FAMILY HOMES NEWLY CONSTRUCTED IN 1996. THESE HOMES CONTINUE TO BE AFFORDABLE IN A COMMUNITY WHERE HOUSING PRICES HAVE TRADITIONALLY BEEN AMONG THE HIGHEST IN THE NATION. NWNH PURCHASED THE LIMITED PARTNERSHIP INTEREST IN 2013. THE DEVELOPMENT RECEIVED A CAPITAL GRANT FROM THE DEPARTMENT OF HOUSING IN 2016 AND REHABILITATED ALL UNITS. GUILFORD INTERFAITH MUTUAL HOUSING SCATTERED SITES THROUGHOUT GUILFORD 21 UNITS. DUE TO THE SUCCESS OF THE HUBBARD WOODS DEVELOPMENT, NWNH WAS INVITED BY THE GUILFORD INTERFAITH HOUSING CORPORATION TO DEVELOP 13 ADDITIONAL HOUSING UNITS AND TO ACQUIRE AND RENOVATE EIGHT OTHER SCATTERED SITE HOMES. THE PROJECT WAS COMPLETED IN 2000. GILBERT AVENUE/DERBY AVENUE MUTUAL HOUSING 145 -153 GILBERT AVENUE, NEW HAVEN, AND 80-82 DERBY AVENUE 14 UNITS NWNH REHABBED THREE BUILDINGS IN 2001, CREATING HOMES FOR TEN FAMILIES. THE PROPERTIES ARE CONTIGUOUS TO THE NEW WAY HORIZON MUTUAL HOUSING AND SHARE A PLAYGROUND WITH NEW WAY HORIZON. IN 2004, NWNH REHABBED FOUR MORE UNITS ON DERBY AVENUE IN THE WEST RIVER NEIGHBORHOOD. VALLEY MUTUAL HOUSING PERSHING DRIVE, ANSONIA 9 UNITS NWNH REHABILITATED THREE HOUSES AND PROVIDED AFFORDABLE UNITS WITH OFF STREET PARKING BY TEARING DOWN TWO OTHER HOUSES IN 2004. THE DEVELOPMENT HAS GONE THROUGH ENERGY EFFICIENCY AUDITS VIA THE HEALTHY HOMES INITIATIVE. RICHARD STREET MUTUAL HOUSING - RICHARD STREET, NEW HAVEN- 20 UNITS. OCCUPIED IN THE SECOND HALF OF 2005, THESE 2, 3 & 4 BEDROOM UNITS ARE IN REHABBED BUILDINGS ON ONE OF FAIR HAVEN'S QUIETER STREETS. IN 2014, THE LIMITED PARTNERSHIP INTEREST WAS PURCHASED BY NWNH. FUNDING IS BEING REQUESTED FROM THE STATE OF CONNECTICUT AND THE CITY OF NEW HAVEN TO UPDATE UNITS.RICHARD STREET II 7-9 & 15-17 RICHARD STREET, NEW HAVEN 6 UNITS OCCUPIED IN NOVEMBER 2010, RICHARD STREET II IS A CONTINUATION OF OUR RICHARD STREET DEVELOPMENT WHICH IS DESIGNED NOT ONLY TO PROVIDE MORE QUALITY AFFORDABLE HOUSING BUT TO ELIMINATE BLIGHT IN A BLOCK WIDE AREA ON THE APPROACH TO OUR PRESENTLY OCCUPIED RICHARD STREET DEVELOPMENT. FERRY MUTUAL HOUSING - FERRY STREET, NEW HAVEN 24 UNITS AND A FAMILY LEARNING CENTER IN DECEMBER 2006, 24 RESIDENT FAMILIES BEGAN OCCUPANCY, AND NWNH BEGAN HOSTING COMMUNITY MEETINGS, EVENTS, TRAININGS, CONFERENCES, AND SUPPORT GROUPS IN THE LEARNING CENTER. WILLOW MUTUAL HOUSING- 203-209, WILLOW STREET, 103, 105 & 126 CHESTNUT STREET AND 240-242, 244-246, 248, 252-254 WILLOW STREET. WATERBURY - 33 UNITS LOCATED IN THE HISTORIC OVERLOOK NEIGHBORHOOD, THIS SUBSTANTIAL REHAB BROUGHT 33 UNITS FROM SUB-STANDARD TO QUALITY HOUSING STOCK. INTERIORS FEATURE SKYLIGHTS, GRANITE COUNTERTOPS, AND BAY AND FLOOR TO CEILING WINDOWS THAT PROVIDE LIGHT, SUNNY VIEWS OF THE DOWNTOWN AREA IN THE VALLEY BELOW. IN 2023, THE PROPERTY UNDERWENT A LIGHT REHAB UPDATING HVAC SYSTEMS AND LARGE REPAIRS. KIRKHAM MUTUAL HOUSING - 63 KIRKHAM STREET, BRANFORD - 17 UNITS THIS SENIOR HOUSING DEVELOPMENT SITS AMID A RESTORED VICTORIAN ERA GARDEN MAINTAINED BY THE BRANFORD GARDEN CLUB. THE DEVELOPMENT PROVIDES SENIORS THE OPPORTUNITY TO "AGE IN PLACE." EACH UNIT HAS FEATURES THAT CAN BE RETROFITTED SHOULD THE RESIDENT BECOME DISABLED OR NEED LONG TERM CARE. SINKS AND VANITIES CAN BE LOWERED TO ACCOMMODATE WHEELCHAIRS, AND DOORWAYS ARE WIDE ENOUGH TO HANDLE HOSPITAL BEDS. CANTERBURY GARDENS- 537-545 SHERMAN PARKWAY, NEW HAVEN - 34 UNITS OCCUPIED IN 2009, THE DEVELOPMENT INCLUDES 9 SUPPORTIVE HOUSING UNITS WITH LEEWAY AS THE SERVICE PROVIDER. IT IS A TOWNHOUSE STYLE WITH NO COMMON AREAS EXCEPT THE LAUNDRY AND COMMUNITY ROOMS. BETH-EL MUTUAL HOUSING- 85 NEW HAVEN AVENUE, MILFORD - 5 UNITS FULL OCCUPANCY WAS ACHIEVED IN OCTOBER 2010. THE RESIDENTS ARE CLIENTS FROM THE BETH-EL CENTER, INC., WHERE EACH FAMILY RECEIVES VARIOUS SUPPORTIVE SERVICES. THE SITE NEEDED LARGE SCALE ENVIRONMENTAL REMEDIATION AFTER SOIL CONTAMINATION WAS FOUND DURING CONSTRUCTION. HIGHWOOD SQUARE 943-953 DIXWELL AVENUE, HAMDEN 27 UNITS OUR SECOND DEVELOPMENT FOR AFFORDABLE ARTISAN HOUSING, HIGHWOOD SQUARE, BEGAN ITS OCCUPANCY IN AUGUST 2011. IT SITS ON A 2.4-ACRE SITE THAT IS A MIX OF NEW CONSTRUCTION AND REHABILITATION OF EXISTING HISTORIC BUILDINGS INTO AN ARTS COMPLEX. THIS DEVELOPMENT HELPS THE ARTISAN COMMUNITY OBTAIN HOUSING AND HELPS THE TOWN OF HAMDEN FOCUS ON ITS REVITALIZING EFFORTS, AS THIS DEVELOPMENT ALSO CONSISTS OF 13 COMMERCIAL SPACES. FAIR HAVEN MUTUAL HOUSING LP NEW HAVEN 44 SCATTERED SITE UNITS & 3 COMMERCIAL SPACES. THIS DEVELOPMENT CONSISTS OF 6 BUILDINGS THAT WERE REHABILITATED, AS WELL AS 10 BUILDINGS OF NEW CONSTRUCTION. IN ADDITION, THREE COMMERCIAL AREAS ARE AT STREET LEVEL ON GRAND AVENUE. NWNH HAS PARTNERED WITH THE HOUSING AUTHORITY OF NEW HAVEN, PROVIDING PROJECT-BASED VOUCHERS FOR 20 UNITS, OF WHICH 9 ARE DESIGNATED FOR SUPPORT. FAIR HAVEN RENTAL OR "HTR", 33, 36, 37 CLAY STREET, 296 POPLAR STREET - 7 UNITS PREVIOUSLY DEVELOPED AS A HOMEOWNERSHIP PROJECT, THESE UNITS UNDERWENT FINANCIAL MODIFICATION TO ALLOW FOR USE AS AFFORDABLE RENTAL UNITS WHEN THE MARKET WAS NOT CONDUCIVE TO HOMEOWNERSHIP SALES. UNITS WERE REHABBED AND LEASED IN 2014 AND 2015.HILL ASSOCIATES LP, SCATTERED SITES IN NEW HAVEN - 65 UNITS THIS PROJECT WAS ACQUIRED IN 2011 FROM A DEFUNCT DEVELOPMENT AGENCY. THE VARIOUS PROPERTIES WERE IN SERIOUS DISREPAIR DUE TO MANY YEARS OF MISMANAGEMENT. FUNDING WAS SOUGHT AND USED TO REHAB UNITS AND LEASE TO FAMILIES AND INDIVIDUALS OF VERY-LOW AND LOW INCOME. A PARTNERSHIP WAS FORMED WITH THE NEW HAVEN HOUSING AUTHORITY FOR RENTAL SUBSIDIES TO 15 OF THE 65 UNITS. REHAB WAS COMPLETED IN 2016.ELIAS HOWE 287 CLINTON AVENUE, BRIDGEPORT - 37 UNITS ELIAS HOWE WAS PREVIOUSLY A SCHOOL THAT WAS VACANT AND IN NEED OF MAJOR REPAIRS. NWNH PARTNERED WITH A LOCAL DEVELOPER AND OBTAINED FUNDING TO REHAB THE ENTIRE BUILDING INTO ONE-BEDROOM APARTMENTS, A LAUNDRY ROOM, AND COMMUNITY SPACES. IT SERVES SENIORS OF VERY-LOW INCOME AFFORDABLE HOUSING WITH AMENITIES AND IN CLOSE PROXIMITY TO PUBLIC TRANSPORTATION AND SERVICES. THE BRIDGEPORT HOUSING AUTHORITY IS ALSO A PARTNER AND PROVIDES RENTAL SUBSIDIES TO THE TENANTS.WINTER GROVE 491 DARLING STREET - 40 AFFORDABLE HOUSING UNITS FOR SENIORS. NEW CONSTRUCTION COMMENCED IN AUGUST 2013 AND WAS COMPLETED AND LEASED UP IN MAY 2015.ST PAUL'S COMMONS - 56 UNITS OF AFFORDABLE HOUSING IN ONE THREE STORY BUILDING AND 16 UNITS FOR SENIORS IN FOUR GARDEN STYLE TOWNHOUSES. EACH SITE HAS A COMMUNITY ROOM FOR RESIDENTS. NEW CONSTRUCTION COMMENCED IN OCTOBER 2014 AND WAS COMPLETED AND LEASED UP BETWEEN DECEMBER 2015 THROUGH MAY 2016. SPRUCE MEADOWS-88 & 100 SOUTH BROAD STREET - 85 RENTAL UNITS. THIS IS A NEW CONSTRUCTION DEVELOPMENT, WHICH HAS 4 THREE-STORY BUILDINGS AND ONE MANAGEMENT BUILDING. NEW CONSTRUCTION COMMENCED IN SEPTEMBER 2015 AND WAS COMPLETED AND LEASED UP BETWEEN APRIL 2017 AND JULY 2017 FOR THE FIRST PHASE. THE SECOND PHASE WAS COMPLETED BY YEAR END OF 2021 AND LEASED UP BY JULY 2022.UNION SCHOOL APARTMENTS - 564 THOMPSON AVENUE, EAST HAVEN - 18 UNITS. THIS PROJECT WAS ACQUIRED IN 2018 FROM A DEFUNCT DEVELOPMENT AGENCY THAT INCLUDED CONVERTING AN ABANDONED NEIGHBORHOOD SCHOOL TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR AREA SENIORS. ALL RESIDENTS OF THE DEVELOPMENT ARE BELOW 60% OF THE AREA MEDIAN INCOME. IN 2022, THE PROPERTY BEGAN A REHAB TO UPDATE THE HVAC AND TENANT SECURITY ACCESS SYSTEMS. WORK WAS ALSO DONE THROUGHOUT THE INTERIOR AND EXTERIOR PARTS OF THE BUILDING. THE REHAB WAS COMPLETED IN 2024. 241887 102552 COMMUNITY BUILDING AND ENGAGEMENTNWNH CONTINUES TO OFFER RESIDENT SERVICES TO FAMILIES AND INDIVIDUALS RESIDING IN NWNH-MANAGED UNITS. THE FOCUS IS TO CONNECT FAMILIES AND INDIVIDUALS TO EMPOWERMENT, HEALTH, FOOD PROVISIONS, EMPLOYMENT OPPORTUNITIES, FINANCIAL SERVICES, AND OTHER SOCIAL SERVICES TO IMPROVE THEIR QUALITY OF LIFE. NWNH ALSO FACILITATES YOUTH PROGRAMMING SUCH AS AFTER-SCHOOL AND SUMMER PROGRAMS THROUGH LEAP (LEADERSHIP EXCELLENCE, ATHLETIC, PROGRAM) AND JUNIOR ACHIEVEMENT. THE COMMUNITY PROGRAM MANAGER ALSO ASSISTS OUR RESIDENTS AND THE PROPERTY MANAGEMENT DEPARTMENT IN IMPROVING COMMUNICATION AND INTERVENING WHEN NECESSARY TO PROVIDE REFERRALS FOR ADDITIONAL SERVICES. THE COMMUNITY BUILDING STAFF HELD VIRTUAL PANEL DISCUSSIONS, BUDGET COACHING, AND FINANCIAL LITERACY WORKSHOPS. STAFF ALSO ASSISTED TENANTS AND LANDLORDS ELIGIBLE FOR THE STATE FUNDED RENTAL ASSISTANCE PROGRAM, KNOWN AS UNITECT, BY REVIEWING THE APPLICATIONS AND HANDLING THE RECERTIFICATION PROCESS FOR RETURNING APPLICANTS. IN ADDITION, NWNH STAFF HELPED SUPPORT CONTINUED VOLUNTEERISM IN THE COMMUNITY THROUGH ITS COMMUNITY VOLUNTEER PROGRAM, WHICH AWARDS A RENT CREDIT INCENTIVE TO RESIDENTS WHO VOLUNTEER AT LEAST 20 HOURS PER YEAR. NWNH CONTINUES A CONCERTED EFFORT THROUGH ITS EVICTION PREVENTION PROGRAM TO HELP RESIDENTS AVOID EVICTION AND PAY BACK BALANCES DUE ON THEIR RENT. STAFF ACCOMPLISHED THIS BY ENGAGING RESIDENTS IN MANAGEABLE PAYMENT PLANS, PROVIDING PERIODIC ON-SITE FINANCIAL WORKSHOPS, AND OFFERING ONE-ON-ONE BUDGET COACHING. 19146055 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 14 0 1 60 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CT X ARLENE LAWRENCE 2035624514 235 GRAND AVENUE NEW HAVEN CT 06513 CESAR GUITERREZ BOARD MEMBER 0.50 X 0 0 0 CHRIS CANNA TREASURER 0.50 0.50 X X 0 0 0 DARA GIBBS SECRETARY 0.50 0.50 X X 0 0 0 HEWAD FNU PRESIDENT/BOARD CHAIR 0.50 0.50 X X 0 0 0 MICHAEL BATISTA BOARD MEMBER 0.50 X 0 0 0 ROMULO SAMANIEGO BOARD MEMBER 0.50 0.50 X 0 0 0 ARLENE LAWRENCE CFO 40.00 0.50 X 96266 0 12640 THOMAS CRUESS PRESIDENT/CEO 40.00 0.50 X 110000 0 802 DAVID PURVIS CORPORATE COUNSEL 40.00 X 107405 0 18399 313671 0 31841 2 0 0 0 CREATIVE FINANCIAL STAFFING ONE INTERNATIONAL PLACE 16TH FL BOSTON MA 02110 STAFFING AGENCY 434452 ROBERT HALF STAFFING 12400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 STAFFING AGENCY 429237 COHNREZNICK 350 CHURCH STREET HARTFORD CT 06103 AUDIT/TAX SERVICES 119007 3 1709195 85170 1794365 LOW-INCOME HOUSING 531110 2253645 2253645 DEVELOPER FEES 531390 690858 690858 PROPERTY MANAGEMENT FE 531310 282649 282649 RESIDENT ORGANIZER FEE 532000 102552 102552 NOTE RECEIVABLE INTERE 531390 75016 75016 3404720 44113 44113 96795 -96795 -96795 -96795 172548 172548 172548 5318951 3577268 0 -52682 219708 145752 68216 5740 1832477 1247722 535268 49487 142618 56305 84509 1804 112171 44285 66467 1419 87528 34556 51865 1107 115712 115712 927469 925570 1899 133977 93267 40265 445 1613823 1576253 37157 413 29362 19803 9559 20055 8436 11619 1179280 1179280 BAD DEBTS 13325563 13325563 REPAIRS & MAINTENANCE 467413 460901 6512 134788 28362 105871 555 20341944 19146055 1133020 62869 764749 478345 447200 298745 6155647 4347432 13973230 2469904 127384 69423 83032 45499937 24498538 21532335 21001399 4692382 5871568 4214787 5048482 51977137 39598907 1990564 3836204 70725 63871 136009 133202 31024784 31833568 71215 71215 33293297 35938060 X 7738583 -6489288 10945257 10150135 18683840 3660847 51977137 39598907 -15022993 0 X 0 1 X 1 1 1 X 1618330 3355140 7291804 3918394 1794365 17978033 1618330 3355140 7291804 3918394 1794365 17978033 17978033 139931 136670 247400 59387 44113 627501 1093130 587425 231292 198042 172548 2282437 20887971 16963458 0.86070 0.81350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 1,030,622. 2021 AMOUNT: $ 211,868. 2022 AMOUNT: $ 69,782. 2023 AMOUNT: $ 198,042. 2024 AMOUNT: $ 172,548. FORGIVENESS OF DEBT - 2020 AMOUNT: $ 62,508. 2021 AMOUNT: $ 375,557. 2022 AMOUNT: $ 161,510. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3073926 3073926 41491037 24222786 17268251 934974 275752 659222 21001399 GEORGE STREET MUTUAL HOUSING LP 1220133 C HUBBARD WOODS MUTUAL HOUSING LP 12265 C GUILFORD INTERFAITH MUTUAL HOUSING LP 119591 C RICHARD STREET LP 153700 C HIGHWOOD SQUARE MUTUAL HOUSING LP 1634491 C FAIR HAVEN MUTUAL HOUSING LP 2731388 C 5871568 CONSTRUCTION IN PROGRESS 2957810 RESIDENT SECURITY DEPOSITS 139660 RESERVES (ESCROWS) 892201 DUE TO /FROM AFFILIATES 1058811 5048482 MEMBERSHIP FEES 61021 DEVELOPER FEE PAYABLE 10194 71215 X PART IV, LINE 2B: TENANT SECURITY DEPOSITS PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY NWNH AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NWNH'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, NWNH WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INTEREST EXPENSE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED INTEREST IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. NWNH DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED DECEMBER 31, 2024. FORM 990, PART III LINE 4B PROGRAM SERVICE ACCOMPLISHMENTS: ROOF AND REPAIR EXTERIOR BRICKS. THE REHAB SHOULD BE COMPLETE BY Q3 2024. LIBERTY PLACE 8 LIBERTY PLACE, CLINTON - 21 UNITS FULL OCCUPANCY WAS ACHIEVED IN SEPTEMBER 2018. NEW CONSTRUCTION, MIXED INCOME DEVELOPMENT FUNDED THROUGH THE LOW-INCOME HOUSING TAX CREDIT PROGRAM. RIVER BREEZE 223 CANAL STREET, SHELTON 68 UNITS CERTIFICATE OF OCCUPANCY ISSUED ON 12/27/2022. NEW CONSTRUCTION, MIXED INCOME DEVELOPMENT FUNDED THROUGH THE LOW INCOME HOUSING TAX CREDIT PROGRAM. THE UNITS WERE FULLY LEASED UP BY FEBRUARY 2023 AND THE PERMANENT CLOSING IS SET FOR Q2 2024. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION WAS INCORPORATED UNDER THE NONSTOCK CORPORATION ACT OF THE STATE OF CONNECTICUT. THE ORGANIZATION IS A NONPROFIT AND SHALL NOT HAVE OR ISSUE SHARES OF STOCK OR PAY DIVIDENDS. THERE SHALL BE FIVE TYPES OF VOTING MEMBERSHIPS: RESIDENT MEMBERSHIP; CORPORATE MEMBERSHIP; GOVERNMENT MEMBERSHIP; NON-PROFIT MEMBERSHIP; AND COMMUNITY MEMBERSHIP. RESIDENT MEMBERSHIP: A RESIDENT OF A LOW-INCOME RESIDENCE WITHIN THE ORGANIZATION'S SERVICE AREA; OR AN INDIVIDUAL WHO IS ELECTED OR APPOINTED TO REPRESENT RESIDENTS OF LOW-INCOME COMMUNITIES WITHIN THE ORGANIZATION'S SERVICE AREA; OR AN INDIVIDUAL WHO IS A NWNH RESIDENT AND IS IN GOOD STANDING. COMMUNITY MEMBERSHIP: SHALL BE GRANTED TO A DESIGNATED REPRESENTATIVE FROM HOUSEHOLDS WITHIN THE NEIGHBORHOOD OF ANY NWNH-OWNED DWELLING UNITS OR PROPOSED NWNH PROJECTS; AND A COMMUNITY RESIDENT MUST BE A PERSON WITH A COMMUNITY ORIENTED INTEREST IN THE NWNH, INCLUDING STEERING COMMITTEE MEMBERS. CORPORATE SECTOR MEMBERSHIP: MAY BE GRANTED TO AN INDIVIDUAL WHO IS EMPLOYED OR ON THE BOARD OF DIRECTORS OF A CORPORATION, OR ASSIGNED TO REPRESENT AN ENTITY IN THE CORPORATE OR BUSINESS SECTOR, WHO HAS ATTAINED THE AGE OF 18 AND WHO HAS EXPRESSED INTEREST IN THE FURTHERANCE OF AND DEMONSTRATED SUPPORT FOR MUTUAL HOUSING. SUCH MEMBERS SHALL PROVIDE ADVICE, EXPERTISE, COUNSEL AND SUPPORT TO THE ASSOCIATION IN SUCH FIELDS AS ORGANIZATION AND ADMINISTRATION, HOUSING DEVELOPMENT, AND CONSTRUCTION, PROPERTY MANAGEMENT, RESOURCE DEVELOPMENT, PUBLIC RELATIONS AND IN LEGAL, FINANCIAL, AND OTHER TECHNICAL AREAS. GOVERNMENT SECTOR MEMBERSHIP: MAY BE GRANTED TO AN INDIVIDUAL, WHO IS ELECTED, APPOINTED, OR AN EMPLOYEE OF A MUNICIPAL, STATE, OR FEDERAL GOVERNMENT AGENCY AND WHO HAS ATTAINED THE AGE OF 18 YEARS. NON-PROFIT MEMBERSHIP: MAY BE GRANTED TO A REPRESENTATIVE OF COMMUNITY, RELIGIOUS, SOCIAL SERVICES, OR AFFORDABLE HOUSING GROUPS, 19 YEARS OR OLDER, WHO HAVE DEMONSTRATED INTEREST IN MUTUAL HOUSING, OR WORKS ON BEHALF OF PEOPLE WHO NEED AFFORDABLE HOUSING, AND CAN SERVE AS ADVOCATES FOR THE ON-GOING PRODUCTION OF MUTUAL HOUSING. MEMBERS SHALL BE ENTITLED TO PARTICIPATE IN THE AFFAIRS OF THE ASSOCIATION AS PROVIDED BY THE BY-LAWS, AND THE CERTIFICATION OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE TAKEN FOR ALL BOARD OF DIRECTORS MEETINGS AND ARE REVIEWED AND APPROVED AT THE NEXT MEETING. AUTHORIZED COMMITTEES OF THE BOARD OF DIRECTORS REPORT TO AND MAKE PRESENTATIONS AT THE BOARD OF DIRECTOR MEETINGS OF THEIR RECOMMENDATIONS OR RESULTS OF THEIR MEETINGS THAT ARE RECORDED IN THE BOARD OF DIRECTORS MEETINGS. IF A COMMITTEE RECOMMENDS THAT AN ACTION SHOULD BE TAKEN, THE BOARD OF DIRECTORS VOTES IN ACCORDANCE WITH THE ORGANIZATION'S BY-LAWS WHETHER TO APPROVE OR NOT TO APPROVE THE RECOMMENDATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE PRESIDENT, TREASURER, EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE PRIOR TO FILING. A COPY OF THE FORM IS SUBSEQUENTLY MADE AVAILABLE AT A SUBSEQUENT BOARD OF DIRECTORS MEETING FOR MEMBERS OF THE BOARD TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS SIGN YEARLY CONFLICT OF INTEREST STATEMENTS AND RECUSE THEMSELVES FROM VOTING IF THERE IS A POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS INDUSTRY STANDARDS AND PERFORMANCE REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE SCANNED AND MAINTAINED ON THE ORGANIZATION'S SERVER; COPIES PROVIDED UPON REQUEST. 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