Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1970.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
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
9 people listed on the 990; $72K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Leonard Volpe | $72,000 | $72,000 | $72,000 | $72,000 |
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.
See Housatonic Industrial Development 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
Provides mortgage loans to help small businesses grow.
Questions for Housatonic Industrial Development Corp
Your first name shows with your question. Housatonic Industrial Development Corp answers here, for everyone.
Mortgage loans to promote the growth of small businesses in association with the small business administration. Currently approximately 52 companies are being assisted.
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7061237) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $109K | $61K |
| Land, buildings, equipmentLn 10c | $66K | $63K |
| Total assetsLn 16 | $195K | $152K |
| LiabilitiesLn 26 | $12K | $12K |
| Net assetsLn 32 | $183K | $140K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $72K | $72K | ||
| Pay of disqualified personsLn 6 | $36K | $36K | ||
| Payroll taxesLn 10 | $10K | $7K | $3K | |
| Accounting feesLn 11c | $7K | $7K | ||
| Other fees for servicesLn 11g | $13K | $10K | $2K | |
| Office expensesLn 13 | $1K | $1K | ||
| Information technologyLn 14 | $6K | $6K | ||
| OccupancyLn 16 | $13K | $8K | $5K | |
| Conferences, conventions and meetingsLn 19 | $358 | $358 | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $35 | $35 | ||
| Total functional expensesLn 25 | $170K | $106K | $64K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Jan 15, 2025 | $127K | $170K | −$43K | $140K | 990 PDF |
| FY2023Filed with the IRS Dec 12, 2023 | $175K | $165K | $11K | $183K | 990 PDF |
| FY2022Filed with the IRS Dec 19, 2022 | $176K | $163K | $13K | $172K | 990 PDF |
| FY2021Filed with the IRS Dec 14, 2021 | $174K | $163K | $10K | $159K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $127,022 revenue, 12 lines filed
Part VI · Governance 8 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $127,022 across 3 lines filed
Part IX · Statement of functional expenses $170,188 across 12 lines filed
Part X · Balance sheet $151,849 assets, 11 lines filed
Part XI · Reconciliation of net assets $139,549 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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