Nonprofit · EIN 23-7061237
HOUSATONIC INDUSTRIAL DEVELOPMENT CORP
Tax-exempt · DANBURY, CT 06810
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $127,022 | $170,188 | -$43,166 | $151,849 | $12,300 | $139,549 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $126,904
- Investment income
- $118
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $72,000
- Salaries, compensation and benefits (total)
- $118,320
- Professional fundraising fees
- $0
- Accounting fees
- $7,300
- Occupancy
- $13,132
- Depreciation
- $3,840
- Program services (functional)
- $106,390
- Management and general (functional)
- $63,798
Balance sheet and other
- Total assets, start of year
- $194,715
- Total assets, end of year
- $151,849
- Total liabilities, end of year
- $12,300
- Net assets, end of year
- $139,549
- Land, buildings and equipment
- $62,570
- Net assets without donor restrictions
- $139,549
- Gross receipts
- $127,022
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1969
- 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 September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEONARD VOLPE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $72,000 |
| ELIZABETH STOCKER | CHAIRMAN, TREASURER, ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL YAO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEVIN MCMAHON | SECRETARY, ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 |
| PJ PRUNTY | DIRECTOR Trustee or director | 1 | $0 |
| JANICE CHRZESCIJANEK | DIRECTOR Trustee or director | 1 | $0 |
| NELSON MERCHAN | DIRECTOR Trustee or director | 1 | $0 |
| FRANCIS G PENNAROLA | DIRECTOR Trustee or director | 1 | $0 |
| AUGUSTUS RYER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 57 NORTH ST STE 407, DANBURY, CT 06810-5629
- Principal officer (990 for 2023)
- LEONARD VOLPE JR, 57 NORTH STREET, DANBURY, CT 06810
- Signed the 990
- MICHAEL YAO, VICE PRESIDENT
- Phone
- (203) 743-0306
- Return prepared by
- FIORITA KORNHAAS & COMPANY PC
Mission
ORGANIZATION IS DESIGNED TO FURTHER THE ECONOMIC DEVELOPMENT IN THE STATE OF CONNECTICUT AND TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS IN THAT GEOGRAPHIC REGION.
Program accomplishments
- MORTGAGE LOANS TO PROMOTE THE GROWTH OF SMALL BUSINESSES IN ASSOCIATION WITH THE SMALL BUSINESS ADMINISTRATION. CURRENTLY APPROXIMATELY 52 COMPANIES ARE BEING ASSISTED.Expenses $106,390 · revenue $126,904
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7061237
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $151,849
- Income (IRS master file)
- $127,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $127,022 | $170,188 | $151,849 | XML |
| 990 | September 2023 | $175,394 | $164,519 | $194,715 | IRS |
| 990 | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 23-7061237).
Questions about HOUSATONIC INDUSTRIAL DEVELOPMENT CORP
- What is the EIN of HOUSATONIC INDUSTRIAL DEVELOPMENT CORP?
- The employer identification number (EIN) of HOUSATONIC INDUSTRIAL DEVELOPMENT CORP is 23-7061237.
- Is HOUSATONIC INDUSTRIAL DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1970.
- Are donations to HOUSATONIC INDUSTRIAL DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOUSATONIC INDUSTRIAL DEVELOPMENT CORP 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 HOUSATONIC INDUSTRIAL DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSATONIC INDUSTRIAL DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of HOUSATONIC INDUSTRIAL DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2024 names LEONARD VOLPE JR.
- Who are the officers and directors of HOUSATONIC INDUSTRIAL DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2024 lists 9 people; 1 received compensation from the organization, the highest $72,000 (LEONARD VOLPE, EXECUTIVE DIRECTOR).
- How much revenue does HOUSATONIC INDUSTRIAL DEVELOPMENT CORP have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $127,022, expenses of $170,188 and total assets of $151,849 at year end.
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