Nonprofit · EIN 06-1449234
SHORE AREA COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · NEW HAVEN, CT 06511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,020,949 | $5,973,091 | -$1,952,142 | $27,844,626 | $35,550,985 | -$7,706,359 |
| December 31, 2023 | 990 | $3,875,201 | $5,037,600 | -$1,162,399 | $28,736,242 | $34,490,465 | -$5,754,223 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $310,833
- of which government grants
- $310,833
- Program service revenue
- $3,444,875
- Investment income
- $265,241
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $42,938
- Accounting fees
- $4,700
- Occupancy
- $2,223,006
- Depreciation
- $768,174
- Program services (functional)
- $5,973,091
Balance sheet and other
- Total assets, start of year
- $28,736,242
- Total assets, end of year
- $27,844,626
- Total liabilities, end of year
- $35,550,985
- Net assets, end of year
- -$7,706,359
- Land, buildings and equipment
- $17,539,302
- Net assets without donor restrictions
- -$7,706,359
- Gross receipts
- $4,020,949
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY BARTLETT | PRESIDENT/CEO Officer | 1 | $0 | $282,740 | $25,463 |
| MELISSA KESSELL | SR VP/CFO Officer | 10 | $0 | $179,720 | $16,157 |
| JASMIN CARDONA | SR VP/COO Officer | 20 | $0 | $175,559 | $11,382 |
| DAVID STEVENSON | FORMER PRESIDENT/CEO Former | 0 | $0 | $104,009 | $0 |
| LOUIS PROCACCINI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SABINE KUCZO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACOB CEDUSKY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MELANIA M FALCON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILL FARMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL HIRSCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER ROSARIO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY ROMANO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA SZABO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA WILKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENITA HAYES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID STEVENSON | PRESIDENT/CEO (THRU 12.31.23) Officer | 1 | $0 | $323,685 | $29,132 |
| TIMOTHY BARTLETT | SR VP/COO (CEO EFFECTIVE 1.1.24) Officer | 1 | $0 | $200,264 | $18,024 |
| MELISSA KESSELL | SR VP/CFO Officer | 10 | $0 | $178,888 | $15,677 |
| CARMEN COLON-MARRERO | VP OF BRIDGEPORT Y'S Officer | 20 | $0 | $152,453 | $21,512 |
| LOUIS PROCACCINI | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL LEONE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SABINE KUCZO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACOB CEDUSKY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN CHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELANIA M FALCON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILL FARMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL HIRSCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER ROSARIO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TYRONE MCCLAIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAM RALSTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY ROMANO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JASON SCHECHTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA SZABO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA WILKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1240 CHAPEL ST, NEW HAVEN, CT 06511-4602
- Principal officer (990 for 2024)
- MELISSA KESSELL, 1240 CHAPEL STREET, NEW HAVEN, CT 06511
- Signed the 990
- MELISSA KESSELL, SR VP/CFO
- Phone
- (203) 777-9622
- Return prepared by
- WHITTLESEY PC
Mission
TO PROVIDE AND SPONSOR, FOR THE BENEFIT OF THE PUBLIC, PROGRAMS TO DEVELOP AFFORDABLE HOUSING LOCATIONS THROUGHOUT SOUTHERN CONNECTICUT
Program accomplishments
- 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. 49 FAMILIES, INCLUDING 80 INDIVIDUALS WERE SERVED UNDER THESE PROGRAMS.SHORE AREA COMMUNITY DEVELOPMENT CORPORATION (SACDC) AND ALPHA COMMUNITY SERVICES YMCA (ACSY), A BRANCH OF THE CENTRAL CONNECTICUT COAST YMCA, ARE RELATED ORGANIZATIONS THROUGH AN OPERATIONAL ARRANGEMENT. SACDC HOLDS TITLE TO CERTAIN PROPERTIES USED FOR LOW INCOME HOUSING, AND ACSY OPERATES THE CLIENT SUPPORT PROGRAMS WITHIN THOSE FACILITIES. SACDC FUNCTIONS AS THE PROPERTY OWNER/LESSOR, WHILE ACSY PROVIDES ADMINISTRATIVE OVERSIGHT, PROGRAM MANAGEMENT AND SUPPORTIVE SERVICES TO RESIDENTS.Expenses $5,973,091 · revenue $3,444,875
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1449234
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $27,844,626
- Income (IRS master file)
- $4,020,949
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,020,949 | $5,973,091 | $27,844,626 | XML |
| 990 | December 2023 | $3,875,201 | $5,037,600 | $28,736,242 | XML |
| 990 | December 2022 | $3,387,286 | $4,590,306 | $29,270,650 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1449234).
Questions about SHORE AREA COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of SHORE AREA COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SHORE AREA COMMUNITY DEVELOPMENT CORPORATION is 06-1449234.
- Is SHORE AREA COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to SHORE AREA COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHORE AREA COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHORE AREA COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHORE AREA COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHORE AREA COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MELISSA KESSELL.
- Who are the officers and directors of SHORE AREA COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does SHORE AREA COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,020,949, expenses of $5,973,091 and total assets of $27,844,626 at year end.
Other nonprofits in NEW HAVEN
- COLUMBUS HOUSE EIN 22-2511873 · last filed 990 for 2025
- NEW REACH INC EIN 22-3037451 · last filed 990 for 2025
- MUTUAL HOUSING ASSOCIATION OF SOUTH CENTRAL CONNECTICUT INC EIN 22-3237413 · last filed 990 for 2024
- NEIGHBORHOOD HOUSING SERVICES OF NEW HAVEN INC EIN 06-1021268 · last filed 990 for 2025
- 360 MANAGEMENT GROUP CO EIN 82-0934474 · last filed 990 for 2025
- HABITAT FOR HUMANITY INTERNATIONAL INC EIN 06-1178712 · last filed 990 for 2024
- CASA OTONAL HOUSING CORPORATION EIN 06-1043733 · last filed 990 for 2025
- GLENDOWER GROUP INC EIN 06-1637790 · last filed 990 for 2025
All nonprofits in NEW HAVEN · Connecticut · Housing and shelter