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Metacomet Homes INC

Tax-deductible

East Granby, CT501(c)(3)Since 1971Housing EIN 06-0868307Revenue $886K in FY2025

On file with the IRSPo Box 977, 06026-0977 · East Granby, CTTax-exempt since Jan 1973Publicly supported — 509(a)(2)

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To provide housing to moderate and low income elderly households.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $34K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$969K
113% of total assets
Concern: liabilities are 113% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$886K
+18% vs prior year
Spent
$773K
To programs
63%
Net assets
−$113K
By yearFY2020–FY2025
Revenue
$886K
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$737K
FY2021$629K
FY2022$660K
FY2023$722K
FY2024$749K
FY2025$886K
Expenses
$773K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$614K
FY2021$660K
FY2022$692K
FY2023$727K
FY2024$711K
FY2025$773K
Net assets
−$113K
FY2025▲ +50%
Tap a bar for its year
Net assets by fiscal year
FY2020−$196K
FY2021−$227K
FY2022−$259K
FY2023−$264K
FY2024−$226K
FY2025−$113K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $485K Management & general 37% · $288K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Joan Froscio
Director
$0Pt VII · Sec A
Clifford Gibson
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
James Hayden
President
$0Pt VII · Sec A
Jill McGarry
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Metacomet Homes INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for low and moderate-income seniors.

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Provided by the organization

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1 program · $485K · in their own filed words · FY2025
01

Provided housing to moderate and low income elderly households through the rental of 72 units at an apartment project in east granby, connecticut.

$485Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$886K
Ln 12
Fees for servicesLn 2g$636K
Gifts and grantsLn 1h$246K
Investment incomeLn 3$5K
Money outPt IX
$773K
Ln 25
Programscol B$485K
Managementcol C$288K
Owns and owesPt X
−$113K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$856K
LiabilitiesLn 26$969K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$246K
Government grantsLn 1e$246K
Fees for servicesLn 2g$636K
Investment incomeLn 3$5K
Total revenueLn 12$886K
Assets in detailPt X, end of year
CashLn 1$74K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$88K
Land, buildings, equipmentLn 10c$457K
Other assetsLn 15$227K
Total assetsLn 16$856K
LiabilitiesLn 26$969K
Net assetsLn 32−$113K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$80K$88K
Land, buildings, equipmentLn 10c$495K$457K
Total assetsLn 16$800K$856K
LiabilitiesLn 26$1.0M$969K
Net assetsLn 32−$226K−$113K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$125K$60K$65K
Payroll taxesLn 10$10K$10K
Management feesLn 11a$62K$62K
Legal feesLn 11b$250$250
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$270$270
InterestLn 20$66K$66K
Depreciation, depletion and amortizationLn 22$60K$60K
InsuranceLn 23$134K$134K
Other expenses (24a–d)Ln 24$289K$289K
All other expensesLn 24e$19K$11K$8K
Total functional expensesLn 25$773K$485K$288K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $886K$773K$113K−$113K 990 PDF
FY2024 $749K$711K$38K−$226K 990 PDF
FY2023 $722K$727K−$5K−$264K 990 PDF
FY2022 $660K$692K−$32K−$259K 990 PDF
FY2021 $629K$660K−$32K−$227K 990 PDF
FY2020 $737K$614K$123K−$196K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $886,226 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $194,466$245,570
I-9 Program service revenuePrior year $548,017$636,133
I-10 Investment incomePrior year $6,280$4,523
I-11 Other revenue$0
I-12 Total revenuePrior year $748,763$886,226
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $129,435$135,436
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $581,555$637,690
I-18 Total expensesPrior year $710,990$773,126
I-19 Revenue less expensesPrior year $37,773$113,100
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $886,226 across 5 lines filed
VIII-1e Government grants$245,570
VIII-1h Total contributions, gifts and grants$245,570
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $636,133$636,133
VIII-3 Investment incomeExcluded from tax $4,523$4,523
VIII-12 Total revenueRelated to mission $636,133 · Excluded from tax $4,523$886,226
Part IX · Statement of functional expenses $773,126 across 11 lines filed
IX-7 Other salaries and wagesPrograms $60,210 · Management $64,882$125,092
IX-10 Payroll taxesManagement $10,344$10,344
IX-11a Management feesManagement $61,904$61,904
IX-11b Legal feesManagement $250$250
IX-11c Accounting feesManagement $8,599$8,599
IX-12 Advertising and promotionManagement $270$270
IX-20 InterestPrograms $65,782$65,782
IX-22 Depreciation, depletion and amortizationPrograms $59,822$59,822
IX-23 InsuranceManagement $133,726$133,726
IX-24 Other expenses (24a–d)Programs $288,534$288,534
IX-24e All other expensesPrograms $10,724 · Management $8,079$18,803
IX-25 Total functional expensesPrograms $485,072 · Management $288,054 · Fundraising $0$773,126
Part X · Balance sheet $855,517 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $67,851$74,010
X-2 Savings and temporary cash investmentsStart of year $12,526$13,803
X-4 Accounts receivableStart of year $4,037$68,426
X-9 Prepaid expenses and deferred chargesStart of year $8,146$15,577
X-10c Land, buildings and equipment, netStart of year $495,292$456,757
X-15 Other assetsStart of year $212,073$226,944
X-16 Total assetsStart of year $799,925$855,517
X-17 Accounts payable and accrued expensesStart of year $17,692$49,476
X-25 Other liabilitiesStart of year $47,368$48,732
X-26 Total liabilitiesStart of year $1,026,412$968,904
X-27 Net assets without donor restrictionsStart of year −$226,487−$113,387
X-32 Total net assets or fund balancesStart of year −$226,487−$113,387
X-33 Total liabilities and net assetsStart of year $799,925$855,517
Part XI · Reconciliation of net assets −$113,387 net assets at year end
XI-1 Total revenue$886,226
XI-2 Total expenses$773,126
XI-3 Revenue less expenses$113,100
XI-4 Net assets at start of year−$226,487
XI-10 Net assets at end of year−$113,387

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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