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Cornwall Housing Corporation FY2021 filing

Tax-deductible

Cornwall, CT501(c)(3)Since 1988 EIN 22-2959566Revenue $192K in FY2021Latest return filed May 12, 2026

On file with the IRSCornwall, CTTax-exempt since Jan 1994Publicly supported charity — 170(b)(1)(A)(vi)

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Low income Housing.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2959566) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $10K a year · 4% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
16.9 mo
of spending, in cash
16.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$107K
5% of total assets
Liabilities are 5% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$192K
+29% vs prior year
Spent
$223K
To programs
94%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$192K
FY2021▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$192K
FY2022$150K
FY2023$286K
FY2024$172K
FY2025$555K
Expenses
$223K
FY2021▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$208K
FY2021$223K
FY2022$196K
FY2023$252K
FY2024$262K
FY2025$301K
Net assets
$2.0M
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.0M
FY2022$2.0M
FY2023$2.0M
FY2024$1.9M
FY2025$2.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Support Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1994.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $209K Management & general 6% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Hugh Cheney
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Beth Frost
Director
$0Pt VII · Sec A
Paul Prindle
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Rocco Botto
Director
$0Pt VII · Sec A
See Cornwall Housing Corporation 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

Cornwall Housing Corporation is a nonprofit based in Cornwall, CT, formed in 1988.

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2 programs · $209K · in their own filed words · FY2020
01

Low income family housing, 18 units

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2959566) · Dispute this line
$194Kprogram expense
02

Moderate income housing ownership program

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2959566) · Dispute this line
$15Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
The Geisser Family FoundationFY2024$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$192K
Ln 12
Fees for servicesLn 2g$141K
Investment incomeLn 3$41K
Gifts and grantsLn 1h$10K
Money outPt IX
$223K
Ln 25
Programscol B$209K
Managementcol C$14K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$314K
Total assetsLn 16$2.1M
LiabilitiesLn 26$107K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$141K
Investment incomeLn 3$41K
Gains on assetsLn 7$41K
Total revenueLn 12$192K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$310K
Cash and savings togetherLn 1–2$314K
Accounts receivableLn 4$4K
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$2.1M
LiabilitiesLn 26$107K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$301K$314K
Land, buildings, equipmentLn 10c$2.0M$1.8M
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$222K$107K
Net assetsLn 32$2.1M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$12K$12K
Other employee benefitsLn 9$5K$5K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$6K$5K$924
OccupancyLn 16$75K$75K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$61K$61K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$26K$26K
Total functional expensesLn 25$223K$209K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 12, 2026 $555K$301K$253K$2.3M 990 PDF
FY2024Filed with the IRS May 15, 2025 $172K$262K−$90K$1.9M 990 PDF
FY2023Filed with the IRS May 13, 2024 $286K$252K$34K$2.0M 990 PDF
FY2022Filed with the IRS May 11, 2023 $150K$196K−$46K$2.0M 990 PDF
FY2021 ViewingFiled with the IRS May 12, 2022 $192K$223K−$31K$2.0M 990 PDF
FY2020Filed with the IRS Jan 15, 2021 $149K$208K−$59K$2.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $192,095 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,952$9,950
I-9 Program service revenuePrior year $135,116$141,314
I-10 Investment incomePrior year $913$40,831
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $148,981$192,095
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,649$16,470
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $190,590$206,516
I-18 Total expensesPrior year $208,239$222,986
I-19 Revenue less expensesPrior year −$59,258−$30,891
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $192,095 across 6 lines filed
VIII-1f All other contributions, gifts and grants$9,950
VIII-1h Total contributions, gifts and grants$9,950
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $141,314$141,314
VIII-3 Investment incomeExcluded from tax $293$293
VIII-7 Net gain or loss on sales of assetsRelated to mission $40,538$40,538
VIII-12 Total revenueRelated to mission $181,852 · Unrelated business $0 · Excluded from tax $293$192,095
Part IX · Statement of functional expenses $222,986 across 10 lines filed
IX-7 Other salaries and wagesPrograms $11,640$11,640
IX-9 Other employee benefitsPrograms $4,830$4,830
IX-11a Management feesManagement $13,082$13,082
IX-11c Accounting feesPrograms $3,164$3,164
IX-13 Office expensesPrograms $4,721 · Management $924$5,645
IX-16 OccupancyPrograms $75,340$75,340
IX-20 InterestPrograms $5,465$5,465
IX-22 Depreciation, depletion and amortizationPrograms $61,315$61,315
IX-23 InsurancePrograms $16,680$16,680
IX-24 Other expenses (24a–d)Programs $25,825$25,825
IX-25 Total functional expensesPrograms $208,980 · Management $14,006 · Fundraising $0$222,986
Part X · Balance sheet $2,134,995 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $7,879$3,917
X-2 Savings and temporary cash investmentsStart of year $292,957$310,407
X-4 Accounts receivableStart of year $623$3,530
X-9 Prepaid expenses and deferred chargesStart of year $9,334$5,802
X-10c Land, buildings and equipment, netStart of year $1,970,376$1,811,339
X-16 Total assetsStart of year $2,281,169$2,134,995
X-17 Accounts payable and accrued expensesStart of year $4,283$13,375
X-23 Secured mortgages and notes payableStart of year $94,684$80,514
X-25 Other liabilitiesStart of year $13,346$13,141
X-26 Total liabilitiesStart of year $222,313$107,030
X-27 Net assets without donor restrictionsStart of year $549,950$519,059
X-28 Net assets with donor restrictionsStart of year $1,508,906$1,508,906
X-32 Total net assets or fund balancesStart of year $2,058,856$2,027,965
X-33 Total liabilities and net assetsStart of year $2,281,169$2,134,995
Part XI · Reconciliation of net assets $2,027,965 net assets at year end
XI-1 Total revenue$192,095
XI-2 Total expenses$222,986
XI-3 Revenue less expenses−$30,891
XI-4 Net assets at start of year$2,058,856
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,027,965

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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