St Monicas Development Corporation EIN 06-1209241 Form 990 (PDF) Claim this org

St Monicas Development Corporation

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Preserves land to create affordable housing for seniors and low-income families. For fiscal year 2025 it reported $168K in revenue, $57K in expenses, and $4.4M in net assets.Pt I

Founded
1987
Type
Public charity (501(c)(3)) · Housing
Location
Hartford, CT
Website
stmonicashartford.com
Filings
7 on file (2019–2025)
Revenue
$168KFY2025
Expenses
$57K
Net assets
$4.4M
People
3
Filings
7
Updates
0
More identity details & actions ⌄
EIN  06-1209241 Public charity (501(c)(3)) Hartford, CT Founded 1987
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves land to create affordable housing for seniors and low-income families.
Leadership
Robert Lightfoot · Chairman
Money in and out
$168K revenue, $57K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$168K
Pt VIII · Ln 12
Total expenses
$57K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $110K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
274.5mo
months of highly liquid reserves at operating expense rate▲ +11% vs prior filing year
Surplus margin
+66%
revenue over expenses, this year▲ +40% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$168K
FY2025▲ +55%
Expenses
$57K
FY2025-0.05%
Total assets
$4.4M
FY2025▲ +3%
Total liabilities
$0
FY2025
Total revenue
$168K
Pt VIII · Ln 12
Total expenses
$57K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$110K
Total assetsPt X · Ln 16$4.4M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSt Monicas Development Corporation
EINHdr · item D06-1209241
Principal addressHdr · item CHartford, CT
WebsiteHdr · item Jstmonicashartford.com
Year of formationHdr · item L1987
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $57K of program spending, described in the organization's own filed words · FY2025.
01

SMDC collected reasonable HOA fees from the homeowners whose houses occupy land belonging to the SMDC. These fees were used to maintain and improve the land and facilities so the residents could afford to live in a safe and positive environment.

$57Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$89K · 53%
Investment income$79K · 47%
Program service revenue53%$89K
Investment income47%$79K
Total revenueLn 12$168K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$57K
Total functional expensesLn 25$57K

Balance Sheet

Part X · end of year
CashLn 1$52K
Total assetsLn 16$4.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$4.4M
Months of cash on handcomputed10.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $57K
274.5 months
Where the money goes
Program services
Program services $57K · Total expenses $57K
100%
Management & General
Management & general $0 · Total expenses $57K
0%
Fundraising
Fundraising $0 · Total expenses $57K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $168K
0%
Government reliance
Government grants — · Total revenue $168K
Earned-income share
Program service revenue $89K · Total revenue $168K
53%
Investment reliance
Investment income $79K · Total revenue $168K
+47%
Program self-sufficiency
Program service revenue $89K · Total expenses $57K
155%
Growth & trend
Revenue growth (YoY)
This year $168K · Prior year $108K
+55%
Revenue CAGR
FY2019 $60K · FY2025 $168K
+19%
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $168K · Expenses $57K
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $4.4M
Net-asset ratio
Net assets $4.4M · Total assets $4.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.4M
29%
People & payroll
Highest Reported Total Compensation
Individual Robert Lightfoot · Reported title Chairman · Highest reported compensation $0 · Total expenses $57K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $57K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 55%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$168K revenue · viewing · ⤓ 990 PDF
FY2024$108K revenue · ⤓ 990 PDF
FY2023$102K revenue · ⤓ 990 PDF
FY2022$71K revenue · ⤓ 990 PDF
FY2021$100K revenue · ⤓ 990 PDF
FY2020$85K revenue · ⤓ 990 PDF
FY2019$60K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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