Hacd Corp FY2023 filing

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To provide housing for homeless and low income individuals.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1318124) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $32K a year · 3% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
13.5 mo
of spending, in cash
13.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.5M
+61% vs prior year
Spent
$1.0M
To programs
98%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$1.5M
FY2023▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$863K
FY2021$859K
FY2022$961K
FY2023$1.5M
FY2024$1.0M
Expenses
$1.0M
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$965K
FY2021$960K
FY2022$1.1M
FY2023$1.0M
FY2024$1.0M
Net assets
$3.7M
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.4M
FY2022$3.2M
FY2023$3.7M
FY2024$3.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1993.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.0M Management & general 2% · $25K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Director of Financial Operations and IT
$0Pt VII · Sec A
Director of Operations
$0Pt VII · Sec A
Operations Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Resident Commissioner
$0Pt VII · Sec A
See Hacd Corp executive salaries →

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

Offers housing to homeless and low-income individuals.

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1 program · $1.0M · in their own filed words · FY2023
01

Hacd corporation owns and operates 21 units of low-income housing in danbury, connecticut

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1318124) · Dispute this line
$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $4.6M · 2020–2024
Housing Authority of the City of DanburyFY2024$979,742
Housing Authority of the City of DanburyFY2023$926,125
Danbury Housing AuthorityFY2022$950,230
Danbury Housing AuthorityFY2021$849,099
Danbury Housing AuthorityFY2020$851,365

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$939K
Other incomeLn 4–11$603K
Investment incomeLn 3$848
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Managementcol C$25K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$3.8M
LiabilitiesLn 26$39K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$939K
Investment incomeLn 3$848
Other incomeLn 4–11$603K
Gains on assetsLn 7$603K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
Accounts receivableLn 4$186K
Notes and loans receivableLn 7$2.3M
Prepaid expenses and deferred chargesLn 9$10K
Intangible assetsLn 14$132
Other assetsLn 15$161K
Total assetsLn 16$3.8M
LiabilitiesLn 26$39K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$385K$1.2M
Land, buildings, equipmentLn 10c$323K$0
Total assetsLn 16$3.5M$3.8M
LiabilitiesLn 26$233K$39K
Net assetsLn 32$3.2M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$926K$926K
Other salaries and wagesLn 7$18K$14K$4K
Pension plan contributionsLn 8$4K$3K$780
Other employee benefitsLn 9$5K$4K$995
Payroll taxesLn 10$2K$1K$303
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$51$51
Office expensesLn 13$3K$3K$644
Information technologyLn 14$689$551$138
OccupancyLn 16$8K$8K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$5K$4K$1K
Total functional expensesLn 25$1.0M$1.0M$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 12, 2025 $1.0M$1.0M−$27K$3.7M 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $1.5M$1.0M$511K$3.7M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $961K$1.1M−$118K$3.2M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $859K$960K−$101K$3.4M 990 PDF
FY2020Filed with the IRS Apr 25, 2022 $863K$965K−$102K$3.5M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $1,543,696 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $959,597$939,452
I-10 Investment incomePrior year $133$603,557
I-11 Other revenuePrior year $1,063$687
I-12 Total revenuePrior year $960,793$1,543,696
I-13 Grants and similar amounts paidPrior year $950,230$926,125
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,795$28,327
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $100,126$78,287
I-18 Total expensesPrior year $1,079,151$1,032,739
I-19 Revenue less expensesPrior year −$118,358$510,957
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,543,696 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $939,452$939,452
VIII-3 Investment incomeExcluded from tax $848$848
VIII-7 Net gain or loss on sales of assetsExcluded from tax $602,709$602,709
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $687$687
VIII-12 Total revenueRelated to mission $940,139 · Unrelated business $0 · Excluded from tax $603,557$1,543,696
Part IX · Statement of functional expenses $1,032,739 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $926,125$926,125
IX-7 Other salaries and wagesPrograms $14,351 · Management $3,588$17,939
IX-8 Pension plan contributionsPrograms $3,121 · Management $780$3,901
IX-9 Other employee benefitsPrograms $3,978 · Management $995$4,973
IX-10 Payroll taxesPrograms $1,211 · Management $303$1,514
IX-11b Legal feesManagement $6,949$6,949
IX-11c Accounting feesManagement $10,060$10,060
IX-12 Advertising and promotionPrograms $51$51
IX-13 Office expensesPrograms $2,575 · Management $644$3,219
IX-14 Information technologyPrograms $551 · Management $138$689
IX-16 OccupancyPrograms $8,415$8,415
IX-20 InterestPrograms $5,964$5,964
IX-22 Depreciation, depletion and amortizationPrograms $18,294$18,294
IX-23 InsurancePrograms $19,369$19,369
IX-24 Other expenses (24a–d)Programs $4,221 · Management $1,056$5,277
IX-25 Total functional expensesPrograms $1,008,226 · Management $24,513 · Fundraising $0$1,032,739
Part X · Balance sheet $3,785,703 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,966$11,206
X-2 Savings and temporary cash investmentsStart of year $380,680$1,152,598
X-4 Accounts receivableStart of year $154,873$186,325
X-7 Notes and loans receivableStart of year $2,415,834$2,264,594
X-9 Prepaid expenses and deferred chargesStart of year $16,059$10,000
X-10c Land, buildings and equipment, netStart of year $322,780$0
X-14 Intangible assetsStart of year $184$132
X-15 Other assetsStart of year $174,494$160,848
X-16 Total assetsStart of year $3,468,870$3,785,703
X-17 Accounts payable and accrued expensesStart of year $18,641$11,464
X-23 Secured mortgages and notes payableStart of year $187,645$0
X-25 Other liabilitiesStart of year $26,878$27,576
X-26 Total liabilitiesStart of year $233,164$39,040
X-27 Net assets without donor restrictionsStart of year $3,235,706$3,746,663
X-32 Total net assets or fund balancesStart of year $3,235,706$3,746,663
X-33 Total liabilities and net assetsStart of year $3,468,870$3,785,703
Part XI · Reconciliation of net assets $3,746,663 net assets at year end
XI-1 Total revenue$1,543,696
XI-2 Total expenses$1,032,739
XI-3 Revenue less expenses$510,957
XI-4 Net assets at start of year$3,235,706
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,746,663

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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