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Twin Haven INC

Tax-deductible

East Lyme, CT501(c)(3)Since 1975 EIN 23-7287299Revenue $686K in FY2025

On file with the IRSPo Box 242, 06333-0242 · East Lyme, CTTax-exempt since Dec 1975Publicly supported — 509(a)(2)

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Disabled, handicapped, elderly housing

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $46K a year · 8% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
113% of total assets
Concern: liabilities are 113% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$686K
+5% vs prior year
Spent
$742K
To programs
75%
Net assets
−$406K
By yearFY2020–FY2025
Revenue
$686K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$563K
FY2021$590K
FY2022$595K
FY2023$612K
FY2024$651K
FY2025$686K
Expenses
$742K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$597K
FY2021$509K
FY2022$615K
FY2023$720K
FY2024$791K
FY2025$742K
Net assets
−$406K
FY2025▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020−$88K
FY2021$74K
FY2022−$45K
FY2023−$154K
FY2024−$349K
FY2025−$406K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1975.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $558K Management & general 25% · $185K

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
Susan Steady
Director
$0Pt VII · Sec A
James Hamlin
Director
$0Pt VII · Sec A
Burt Hobby
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Lois Hobby
Director
$0Pt VII · Sec A
Brian Steady
Treasurer
$0Pt VII · Sec A
Robin Waller
Vice Preside
$0Pt VII · Sec A
Rikki Wells
President
$0Pt VII · Sec A
See Twin Haven INC executive salaries →

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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

Provides accessible housing for disabled, handicapped, and elderly individuals.

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Provided by the organization

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1 program · $558K · in their own filed words · FY2025
01

Affordable and subsidized housing for the disabled, handicapped and elderly.

$558Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$686K
Ln 12
Fees for servicesLn 2g$686K
Investment incomeLn 3$152
Money outPt IX
$742K
Ln 25
Programscol B$558K
Managementcol C$185K
Owns and owesPt X
−$406K
net assets · Ln 32
Cash and savingsLn 1–2$250K
Total assetsLn 16$3.2M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$686K
Investment incomeLn 3$152
Total revenueLn 12$686K
Assets in detailPt X, end of year
CashLn 1$250K
Cash and savings togetherLn 1–2$250K
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$503K
Total assetsLn 16$3.2M
LiabilitiesLn 26$3.6M
Net assetsLn 32−$406K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$217K$250K
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$3.1M$3.2M
LiabilitiesLn 26$3.4M$3.6M
Net assetsLn 32−$349K−$406K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$102K$91K$11K
Payroll taxesLn 10$15K$14K$2K
Management feesLn 11a$86K$86K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$67K$67K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$37K$37K
Depreciation, depletion and amortizationLn 22$145K$144K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$270K$270K$517
All other expensesLn 24e$177$177
Total functional expensesLn 25$742K$558K$185K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $686K$742K−$56K−$406K 990 PDF
FY2024 $651K$791K−$140K−$349K 990 PDF
FY2023 $612K$720K−$108K−$154K 990 PDF
FY2022 $595K$615K−$20K−$45K 990 PDF
FY2021 $590K$509K$81K$74K 990 PDF
FY2020 $563K$597K−$34K−$88K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $686,188 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $650,910$686,036
I-10 Investment incomePrior year $170$152
I-11 Other revenue$0
I-12 Total revenuePrior year $651,080$686,188
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $114,631$117,030
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $676,104$625,441
I-18 Total expensesPrior year $790,735$742,471
I-19 Revenue less expensesPrior year −$139,655−$56,283
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $686,188 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $686,036$686,036
VIII-3 Investment incomeExcluded from tax $152$152
VIII-12 Total revenueRelated to mission $686,036 · Excluded from tax $152$686,188
Part IX · Statement of functional expenses $742,471 across 12 lines filed
IX-7 Other salaries and wagesPrograms $90,981 · Management $10,890$101,871
IX-10 Payroll taxesPrograms $13,538 · Management $1,621$15,159
IX-11a Management feesManagement $86,310$86,310
IX-11b Legal feesManagement $5,464$5,464
IX-11c Accounting feesManagement $9,500$9,500
IX-13 Office expensesManagement $67,398$67,398
IX-19 Conferences, conventions and meetingsManagement $1,608$1,608
IX-20 InterestPrograms $37,298$37,298
IX-22 Depreciation, depletion and amortizationPrograms $143,575 · Management $1,450$145,025
IX-23 InsurancePrograms $2,416$2,416
IX-24 Other expenses (24a–d)Programs $269,728 · Management $517$270,245
IX-24e All other expensesPrograms $177$177
IX-25 Total functional expensesPrograms $557,713 · Management $184,758 · Fundraising $0$742,471
Part X · Balance sheet $3,186,862 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $217,211$250,238
X-4 Accounts receivableStart of year $5,963$13,017
X-9 Prepaid expenses and deferred chargesStart of year $22,551$28,528
X-10c Land, buildings and equipment, netStart of year $2,386,911$2,391,893
X-15 Other assetsStart of year $445,229$503,186
X-16 Total assetsStart of year $3,077,865$3,186,862
X-17 Accounts payable and accrued expensesStart of year $92,329$63,367
X-19 Deferred revenueStart of year $1,895$1,885
X-25 Other liabilitiesStart of year $35,935$35,102
X-26 Total liabilitiesStart of year $3,427,084$3,592,364
X-27 Net assets without donor restrictionsStart of year −$349,219−$405,502
X-32 Total net assets or fund balancesStart of year −$349,219−$405,502
X-33 Total liabilities and net assetsStart of year $3,077,865$3,186,862
Part XI · Reconciliation of net assets −$405,502 net assets at year end
XI-1 Total revenue$686,188
XI-2 Total expenses$742,471
XI-3 Revenue less expenses−$56,283
XI-4 Net assets at start of year−$349,219
XI-10 Net assets at end of year−$405,502

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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