2026-08-17T09:04:03-05:00 2025-09-30 881478669 CBIZ ADVISORS LLC 100 WESTMINSTER ST SUITE 800 PROVIDENCE RI 02903 990 2024-10-01 061637790 THE GLENDOWER GROUP INC GLEN 2034988800 360 ORANGE STREET NEW HAVEN CT 06511 NATALIA RUTENBERG VP OF FINANCE 2034988800 2026-08-13 1 1 HUI ZENG P02197672 4016004500 2026-08-13 2024 2025-03-06 01:10:19Z KAREN DUBOIS-WALTON 360 ORANGE STREET NEW HAVEN CT 06511 2072208 0 X N/A X 2001 CT THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING THE PROMOTION AND ADVANCEMENT OF NEIGHBORHOOD ECONOMIC DEVELOPMENT. FURTHERANCE OF THE FOREGOING PURPOSES, THE CORPORATION'S SPECIFIC PURPOSES SHALL BE: TO SUPPORT REDEVELOPMENT ACTIVITIES OF THE HOUSING AUTHORITY OF THE CITY OF NEW HAVEN FOR THE BENEFIT OF THE LOW INCOME RESIDENTS, NOT PRECLUDING THE CORPORATION FROM ENGAGING IN DEVELOPMENT ACTIVITIES ON ITS OWN AND WITH ENTITIES OTHER THAN THE AUTHORITY, DEVELOP DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, ACQUISITION, FINANCE AND OTHERWISE DEAL IN AFFORDABLE PROJECTS. 4 1 0 0 0 0 0 0 3817573 1570324 81100 78797 680771 423087 4579444 2072208 0 0 0 0 1777965 1514096 0 0 0 1500479 1953846 3278444 3467942 1301000 -1395734 23996269 24008936 8752302 10160703 15243967 13848233 X THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING THE PROMOTION AND ADVANCEMENT OF NEIGHBORHOOD ECONOMIC DEVELOPMENT. FURTHERANCE OF THE FOREGOING PURPOSES, THE CORPORATION'S SPECIFIC PURPOSES SHALL BE: TO SUPPORTREDEVELOPMENT ACTIVITIES OF THE HOUSING AUTHORITY OF THE CITY OF NEW HAVEN FOR THE BENEFIT OF THE LOW INCOME RESIDENTS, NOT PRECLUDING THE CORPORATION FROM ENGAGING IN DEVELOPMENT ACTIVITIES ON ITS OWN AND WITH ENTITIES OTHER THAN THE AUTHORITY, DEVELOP DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, ACQUISITION, FINANCE AND OTHERWISE DEAL IN AFFORDABLE PROJECTS. 0 0 2885125 2072208 THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING THE PROMOTION AND ADVANCEMENT OF NEIGHBORHOOD ECONOMIC DEVELOPMENT. FURTHERANCE OF THE FOREGOING PURPOSES, THE CORPORATION'S SPECIFIC PURPOSES SHALL BE: TO SUPPORT REDEVELOPMENT ACTIVITIES OF THE HOUSING AUTHORITY OF THE CITY OF NEW HAVEN FOR THE BENEFIT OF THE LOW INCOME RESIDENTS, NOT PRECLUDING THE CORPORATION FROM ENGAGING IN DEVELOPMENT ACTIVITIES ON ITS OWN AND WITH HOUSING FOR LOW AND MODERATE INCOME FAMILIES, ACQUISITION, FINANCE AND OTHERWISE DEAL IN AFFORDABLE PROJECTS. 2885125 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 1 0 0 0 1 22 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CT X THE ORGANIZATION 2034988800 360 ORANGE STREET NEW HAVEN CT 06511 KAREN DUBOIS-WALTON PRESIDENT 0.10 40.00 X X 0 265437 0 JOHN RAFFERTY DIRECTOR 0.10 40.00 X X 0 181528 0 SHENAE DRAUGHN DIRECTOR 0.10 40.00 X X 0 220733 0 ARTHUR W THOMAS III DIRECTOR 0.10 X 0 0 0 ROBIN GOLDEN DIRECTOR 0.10 X 0 0 0 0 667698 0 0 0 1 0 HOUSING AUTHORITY OF THE CITY OF NEW HAV 360 ORANGE STREET NEW HAVEN CT 06511 ADMINISTRATIVE FEES 219047 1 DEVELOPER FEES 531390 1528739 1528739 RENTAL REVENUE 531390 41585 41585 1570324 78797 78797 OTHER INCOME 531190 423087 423087 423087 2072208 2072208 0 0 X 1077484 1077484 133852 133852 227167 227167 75593 75593 219047 219047 275991 275991 82508 82508 290507 285236 5271 19023 19023 4534 4534 9892 9892 2110 2110 90790 90790 51813 51813 BAD DEBT - DEVELOPER FE 825158 825158 MISCELLANEOUS 18873 18873 RELOCATION 13099 13099 STAFF TRAINING 12801 12801 37700 37700 3467942 2885125 582817 0 1680710 4594767 1642673 913751 502240 14529149 13731811 19254 19823 3594884 885681 2799993 2709203 2334043 2334043 76696 117049 23996269 24008936 489505 860189 946649 960080 2532212 2532212 4783936 5808222 8752302 10160703 X 11679055 10783321 3564912 3064912 15243967 13848233 23996269 24008936 -1395734 0 X X 0 1 X 1 0 X 3421861 3146312 1223186 3817573 1581893 13190825 3421861 3146312 1223186 3817573 1581893 13190825 0 0 0 13190825 59664 58156 50949 81100 78797 328666 59664 58156 50949 81100 78797 328666 120174 562395 265490 680771 398841 2027671 3601699 3766863 1539625 4579444 2059531 15547162 0.84840 0.88210 0.02110 0.01840 X 1098158 1098158 2496726 885681 1611045 2709203 INVESTMENTS IN LIMITED PARTNERSHIPS 2334043 C 2334043 DUE TO RELATED PARTY 5764534 ACCRUED INTEREST 43688 5808222 X PART X, LINE 2: GLENDOWER QUALIFIES AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE IRC AND THEREFORE IS NOT SUBJECT TO INCOME TAX. GLENDOWER IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). CERTAIN UNRELATED BUSINESS INCOME, AS DEFINED IN THE IRC IS SUBJECT TO FEDERAL INCOME TAX. FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND 2024, THERE WAS NO LIABILITY FOR TAX ON UNRELATED BUSINESS INCOME. WHILE NO INFORMATIONAL RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, THE THREE PREVIOUS TAX YEARS REMAIN OPEN. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 KAREN DUBOIS-WALTON PRESIDENT 0 265437 0 0 0 0 0 0 0 0 0 265437 0 0 SHENAE DRAUGHN DIRECTOR 0 220733 0 0 0 0 0 0 0 0 0 220733 0 0 JOHN RAFFERTY DIRECTOR 0 181528 0 0 0 0 0 0 0 0 0 181528 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B ONCE RECEIVED, THE 990 IS GIVEN TO HANH'S CFO, HANH'S EXECUTIVE DIRECTOR, AND GLENDOWER'S PRESIDENT FOR REVIEW AND COMMENT. IT IS THEN PROVIDED TO THE BOARD OF GLENDOWER, REVIEWED, AND VOTED ON FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION RELATED TO GOVERNMENTAL UNIT WHICH HAS THE POLICY THAT REQUIRES EMPLOYEES TO SIGN AN ANNUAL CONFLICT OF INTEREST STATMENT IN WHICH ANY CONFLICT WHICH "MIGHT CREATE OR APPEAR TO CREATE A CONFLICT OF INTEREST" WILL BE DISCLOSED "AS SOON AS PRACTICABLE AFTER INCEPTION OF SUCH ACTIVITY, INTEREST OR RELATIONSHIP". FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 7: THE SALARIES INCLUDED ON PART IX LINE 7 REPRESENT COMPENSATION PAID TO GLENDOWER EMPLOYEES AS WELL AS AN ALLOCATION OF COMPENSATION FOR EMPLOYEES OF THE HOUSING AUTHORITY OF NEW HAVEN FOR SERVICES PROVIDED TO GLENDOWER. FORM 990, PART XII, LINE 2C: THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE APPROVED BY THE BOARD AND FINANCE COMMITTEE. THERE HAVE BEEN NO CHANGES TO THE APPROVAL PROCESS FROM THE PRIOR YEAR. 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