Nonprofit · EIN 22-2874259
HOME DEVELOPMENT INC
Tax-exempt · NEW HAVEN, CT 06511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $344,887 | $883,077 | -$538,190 | $4,261,914 | $10,912,663 | -$6,650,749 |
| March 31, 2025 | 990 | $354,730 | $842,626 | -$487,896 | $4,528,702 | $10,641,261 | -$6,112,559 |
| March 31, 2024 | 990 | $325,875 | $858,293 | -$532,418 | $4,828,560 | $10,453,223 | -$5,624,663 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $341,379
- Investment income
- $3,508
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,193
- Accounting fees
- $3,027
- Depreciation
- $230,620
- Program services (functional)
- $883,077
Balance sheet and other
- Total assets, start of year
- $4,528,702
- Total assets, end of year
- $4,261,914
- Total liabilities, end of year
- $10,912,663
- Net assets, end of year
- -$6,650,749
- Land, buildings and equipment
- $4,142,864
- Net assets without donor restrictions
- -$6,650,749
- Gross receipts
- $344,887
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1987
- 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 March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT HILL | PRESIDENT Trustee or director, Officer | 5 | $0 | $109,842 | $12,285 |
| FRANCESCA MARTIN | SECRETARY/ACTING TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2025: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT HILL | PRESIDENT Trustee or director, Officer | 5 | $0 | $105,600 | $12,285 |
| FRANCESCA MARTIN | SECRETARY/ACTING TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT HILL | PRESIDENT Trustee or director, Officer | 5 | $0 | $105,600 | $11,709 |
| TOM GILLORAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRANCESCA MARTIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 560 WHALLEY AVE, NEW HAVEN, CT 06511-2970
- In care of
- % ROBERT A SOLOMON
- Principal officer (990 for 2025)
- BRETT HILL, 171 ORANGE ST, NEW HAVEN, CT 06510
- Signed the 990
- BRETT HILL, PRESIDENT
- Phone
- (203) 562-4663
- Return prepared by
- CARTER HAYES ASSOCIATES PC
Mission
DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR DISABLED AND OTHER LOW-INCOME CITIZENS.
Program accomplishments
- DEVELOPMENT AND OPERATION OF 20 UNITS OF RESIDENTIAL REAL ESTATE FOR OCCUPANCY BY DISABLED AND OTHER LOW-INCOME CITIZENS; TARGET POPULATION INCLUDES DISABLED INDIVIDUALS AND FAMILIES WITH DISABLED HEADS OF HOUSEHOLDS; ALL HOUSEHOLDS WILL HAVE INCOMES AT OR BELOW 50% OF THE AREA'S MEDIAN INCOME. REHABILITATION AND CONSTRUCTION WAS COMPLETED, AND UNITS BEGAN BEING RENTED, IN 2011.Expenses $883,077 · revenue $341,379
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2874259
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1988
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,261,914
- Income (IRS master file)
- $344,887
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $344,887 | $883,077 | $4,261,914 | XML |
| 990 | March 2025 | $354,730 | $842,626 | $4,528,702 | XML |
| 990 | March 2024 | $325,875 | $858,293 | $4,828,560 | XML |
| 990 | March 2023 | $309,040 | $849,056 | $5,130,150 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 22-2874259).
Questions about HOME DEVELOPMENT INC
- What is the EIN of HOME DEVELOPMENT INC?
- The employer identification number (EIN) of HOME DEVELOPMENT INC is 22-2874259.
- Is HOME DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to HOME DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HOME DEVELOPMENT INC 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 HOME DEVELOPMENT INC due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOME DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of HOME DEVELOPMENT INC?
- The 990 for the year ended March 31, 2026 names BRETT HILL.
- Who are the officers and directors of HOME DEVELOPMENT INC?
- The 990 for the year ended March 31, 2026 lists 2 people; 0 received compensation from the organization.
- How much revenue does HOME DEVELOPMENT INC have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $344,887, expenses of $883,077 and total assets of $4,261,914 at year end.
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