Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 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
5 people listed on the 990.
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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
Develops, finances, and rehabilitates affordable housing and promotes neighborhood economic development for low- and moderate-income residents in New Haven.
Questions for The Glendower Group INC
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The corporation is organized and will be operated exclusively for charitable purposes, including the promotion and advancement of neighborhood economic development. Furtherance of the foregoing purposes, the corporation's specific purposes shall be: to support redevelopment activities of the housing authority of the city of new haven for…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.7M | $4.6M |
| InvestmentsLn 11–13 | $2.3M | $2.3M |
| Land, buildings, equipmentLn 10c | $2.8M | $2.7M |
| Total assetsLn 16 | $24.0M | $24.0M |
| LiabilitiesLn 26 | $8.8M | $10.2M |
| Net assetsLn 32 | $15.2M | $13.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $1.1M | $1.1M | ||
| Pension plan contributionsLn 8 | $134K | $134K | ||
| Other employee benefitsLn 9 | $227K | $227K | ||
| Payroll taxesLn 10 | $76K | $76K | ||
| Management feesLn 11a | $219K | $219K | ||
| Legal feesLn 11b | $276K | $276K | ||
| Accounting feesLn 11c | $83K | $83K | ||
| Other fees for servicesLn 11g | $291K | $285K | $5K | |
| Advertising and promotionLn 12 | $19K | $19K | ||
| Office expensesLn 13 | $5K | $5K | ||
| TravelLn 17 | $10K | $10K | ||
| InterestLn 20 | $2K | $2K | ||
| Depreciation, depletion and amortizationLn 22 | $91K | $91K | ||
| InsuranceLn 23 | $52K | $52K | ||
| Other expenses (24a–d)Ln 24 | $870K | $870K | ||
| All other expensesLn 24e | $38K | $38K | ||
| Total functional expensesLn 25 | $3.5M | $2.9M | $583K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $2.1M | $3.5M | −$1.4M | $13.8M | 990 PDF |
| FY2024 | $4.6M | $3.3M | $1.3M | $15.2M | 990 PDF |
| FY2023 | $1.5M | $5.3M | −$3.7M | $14.0M | 990 PDF |
| FY2022 | $3.8M | $3.1M | $715K | $17.7M | 990 PDF |
| FY2021 | $3.6M | $3.5M | $103K | $17.0M | 990 PDF |
| FY2020 | $4.5M | $2.3M | $2.2M | $16.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $2,072,208 revenue, 12 lines filed
Part VI · Governance 1 of 4 board members independent, 1 to look at
Part VIII · Statement of revenue $2,072,208 across 4 lines filed
Part IX · Statement of functional expenses $3,467,942 across 16 lines filed
Part X · Balance sheet $24,008,936 assets, 16 lines filed
Part XI · Reconciliation of net assets $13,848,233 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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