Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2003.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
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
18 people listed on the 990; $683K paid to officers and key staff.
Kiley Gosselin’s $235K as President & CEO is at the 58th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Joan Carty | — | — | $254,100 | $254,100 | $381,194 | $412,692 |
| Kiley Gosselin | $235,000 | $139,283 | — | — | — | — |
| Gina Delano | — | — | $145,343 | $145,343 | $135,082 | $147,400 |
| Eugene Schreiner | $125,532 | — | — | — | — | — |
| Kelly Almanzar | — | — | — | — | $110,743 | $123,084 |
| Natalia Arias | $107,161 | — | — | — | — | — |
| Jaclynn Alves | $106,499 | — | — | — | — | — |
| Alicia Peman-Dupier | — | — | — | — | $101,839 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops affordable housing and helps households become homeowners.
Questions for Housing Development Fund INC
Your first name shows with your question. Housing Development Fund INC answers here, for everyone.
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Homebuyer Assistance
Underwriting HDF provides assistance in loans for downpayments and low interest second mortgages.
Homebuyer Assistance Counseling
Provide low interest, flexible financing and technical assistance to developers by providing homebuyer assistance financing and homeownership counseling to homebuyers.
Multi-Family Housing
Provide construction and permanent loans and related assistance to providers of multi-family housing to enable them to expand low and moderate income housing opportunities for families in southwestern CT.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.2M | $7.1M |
| InvestmentsLn 11–13 | $2.1M | $1.9M |
| Land, buildings, equipmentLn 10c | $1.7M | $2.0M |
| Total assetsLn 16 | $60.2M | $61.4M |
| LiabilitiesLn 26 | $38.4M | $39.5M |
| Net assetsLn 32 | $21.8M | $21.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $560K | $415K | $80K | $65K |
| Other salaries and wagesLn 7 | $1.1M | $811K | $156K | $127K |
| Other employee benefitsLn 9 | $224K | $93K | $119K | $12K |
| Payroll taxesLn 10 | $212K | $157K | $42K | $13K |
| Other fees for servicesLn 11g | $164K | $130K | $30K | $4K |
| Advertising and promotionLn 12 | $4K | $163 | $57 | $4K |
| Office expensesLn 13 | $64K | $49K | $11K | $4K |
| OccupancyLn 16 | $97K | $64K | $27K | $6K |
| TravelLn 17 | $12K | $8K | $3K | $630 |
| Conferences, conventions and meetingsLn 19 | $12K | $5K | $5K | $3K |
| InterestLn 20 | $411K | $411K | ||
| Depreciation, depletion and amortizationLn 22 | $35K | $27K | $6K | $2K |
| InsuranceLn 23 | $52K | $37K | $11K | $5K |
| Other expenses (24a–d)Ln 24 | $480K | $435K | $23K | $22K |
| All other expensesLn 24e | $33K | $16K | $7K | $10K |
| Total functional expensesLn 25 | $3.5M | $2.7M | $518K | $278K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $12.3M | $3.9M | $8.3M | $39.7M | 990 PDF |
| FY2024 | $7.3M | $3.3M | $4.0M | $31.5M | 990 PDF |
| FY2023 | $3.4M | $3.3M | $40K | $28.2M | 990 PDF |
| FY2022 | $5.3M | $3.2M | $2.1M | $28.3M | 990 PDF |
| FY2021 | $8.3M | $4.0M | $4.3M | $26.0M | 990 PDF |
| FY2020 Viewing | $3.5M | $3.5M | $79K | $21.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $3,532,564 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $3,532,564 across 9 lines filed
Part IX · Statement of functional expenses $3,453,871 across 15 lines filed
Part X · Balance sheet $61,419,506 assets, 15 lines filed
Part XI · Reconciliation of net assets $21,947,854 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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