Alpha Home INC EIN 06-1235155 Form 990 (PDF) Claim this org

Alpha Home INC

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Ensures affordable, quality housing to improve lives and families. For fiscal year 2025 it reported $823K in revenue, $638K in expenses, and $-89K in net assets.Pt I

Founded
1992
Type
Public charity (501(c)(3)) · Housing
Location
New Haven, CT
Website
cccymca.org/locations/alpha
Filings
5 on file (2021–2025)
Revenue
$823KFY2025
Expenses
$638K
Net assets
$-89K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  06-1235155 Public charity (501(c)(3)) New Haven, CT Founded 1992
Form 990 (PDF)
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Size
$100K–1M
What they do
Ensures affordable, quality housing to improve lives and families.
Leadership
Jacob Cedusky · Chair
Money in and out
$823K revenue, $638K expenses
Bottom line
96% program efficiency
Where the money goes · FY2025
Total revenue
$823K
Pt VIII · Ln 12
Total expenses
$638K
Pt IX · Ln 25
Net assets
$-89K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $185K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs+0.07% vs prior filing year
Operating runway
13.8mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +238% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$823K
FY2025▲ +54%
Expenses
$638K
FY2025▲ +3%
Total assets
$5.6M
FY2025▼ -4%
Total liabilities
$5.7M
FY2025▼ -7%
Total revenue
$823K
Pt VIII · Ln 12
Total expenses
$638K
Pt IX · Ln 25
Net assets
$-89K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$185K
Total assetsPt X · Ln 16$5.6M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlpha Home INC
EINHdr · item D06-1235155
Principal addressHdr · item CNew Haven, CT
WebsiteHdr · item Jcccymca.org/locations/alpha
Year of formationHdr · item L1992
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L41Z)
Ruling yearIRS BMFJan 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

Where the work happens

2 program services account for $610K of program spending, described in the organization's own filed words · FY2025.
01

The hernan's haven for youth is an 11 unit permanent supportive housing center located on boston avenue in bridgeport, connecticut which provides housing for young adults aged 18 to 24 years old, as well as employment training and college prep.

$438Kprogram expense
02

The jessica tandy apartments are located in the south end of bridgeport and adjoin the harrison APARTMENT/BRIDGEPORT branch y property. This development provides housing for six families with special needs AND/OR co-occurring disorders (mental health disabilities and chemical addictions).

$172Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$367K · 45%
Program service revenue$306K · 37%
Other revenue$150K · 18%
Contributions & grants45%$367K
Program service revenue37%$306K
Other revenue18%$150K
— government grantsLn 1e$367K
Total revenueLn 12$823K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$610K
Management & general4%$28K
Total functional expensesLn 25$638K

Balance Sheet

Part X · end of year
CashLn 1$736K
Total assetsLn 16$5.6M
Total liabilitiesLn 26$5.7M
Total net assetsLn 32$-89K
Months of cash on handcomputed13.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $736K · Operating expenses/yr $638K
13.8 months
Where the money goes
Program services
Program services $610K · Total expenses $638K
96%
Management & General
Management & general $28K · Total expenses $638K
4%
Fundraising
Fundraising $0 · Total expenses $638K
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 $367K · Total revenue $823K
45%
Government reliance
Government grants $367K · Total revenue $823K
45%
Earned-income share
Program service revenue $306K · Total revenue $823K
37%
Investment reliance
Investment income $0 · Total revenue $823K
0%
Program self-sufficiency
Program service revenue $306K · Total expenses $638K
48%
Growth & trend
Revenue growth (YoY)
This year $823K · Prior year $533K
+54%
Revenue CAGR
FY2021 $197K · FY2025 $823K
+43%
Net-asset trend (YoY)
End of year $-89K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $823K · Expenses $638K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $5.6M
Net-asset ratio
Net assets $-89K · Total assets $5.6M
-2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jacob Cedusky · Reported title CHAIR · Highest reported compensation $0 · Total expenses $638K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $638K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth 54%

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)$823K revenue · viewing · ⤓ 990 PDF
FY2024$533K revenue · ⤓ 990 PDF
FY2023$431K revenue · ⤓ 990 PDF
FY2022$241K revenue · ⤓ 990 PDF
FY2021$197K 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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