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Cornwall Elderly Housing Corporation

Tax-deductible

Cornwall, CT501(c)(3)Since 2010HousingEIN 27-3932792Revenue $178K in FY2025

On file with the IRSPo Box 174, 06753-0174 · Cornwall, CTTax-exempt since Oct 2015Publicly supported — 509(a)(2)

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To provide low income Elderly Housing.

501(c)(3) charity; gifts are tax-deductible.
86¢ 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
0 of 6
filings with a surplus
Average deficit $72K a year · 41% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$76K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$178K
-4% vs prior year
Spent
$265K
To programs
86%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$178K
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2021$175K
FY2022$168K
FY2023$196K
FY2024$186K
FY2025$178K
Expenses
$265K
FY2025+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$237K
FY2021$237K
FY2022$238K
FY2023$252K
FY2024$264K
FY2025$265K
Net assets
$2.4M
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.7M
FY2022$2.6M
FY2023$2.5M
FY2024$2.5M
FY2025$2.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2013-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2015.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $229K Management & general 14% · $37K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Joy Wyatt
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cornwall Elderly Housing Corporation 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 affordable housing for low-income seniors.

Questions for Cornwall Elderly Housing Corporation

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Provided by the organization

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1 program · $229K · in their own filed words · FY2024
01

Low Income Elderly Housing

10 units

$229Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$178K
Ln 12
Fees for servicesLn 2g$178K
Investment incomeLn 3$22
Money outPt IX
$265K
Ln 25
Programscol B$229K
Managementcol C$37K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$2.4M
LiabilitiesLn 26$76K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$178K
Investment incomeLn 3$22
Total revenueLn 12$178K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$59K
Cash and savings togetherLn 1–2$77K
Land, buildings, equipmentLn 10c$2.3M
Total assetsLn 16$2.4M
LiabilitiesLn 26$76K
Net assetsLn 32$2.4M
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 FY25End FY25
Cash and savingsLn 1–2$71K$77K
Land, buildings, equipmentLn 10c$2.4M$2.3M
Total assetsLn 16$2.5M$2.4M
LiabilitiesLn 26$62K$76K
Net assetsLn 32$2.5M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$26K$22K$4K
Payroll taxesLn 10$2K$1K$276
Management feesLn 11a$11K$11K
Legal feesLn 11b$210$210
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$484$484
Office expensesLn 13$15K$15K
OccupancyLn 16$52K$52K
Conferences, conventions and meetingsLn 19$322$322
InterestLn 20$20$20
Depreciation, depletion and amortizationLn 22$79K$78K$892
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$55K$55K$329
Total functional expensesLn 25$265K$229K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $178K$265K−$87K$2.4M 990 PDF
FY2024 $186K$264K−$78K$2.5M 990 PDF
FY2023 $196K$252K−$57K$2.5M 990 PDF
FY2022 $168K$238K−$70K$2.6M 990 PDF
FY2021 $175K$237K−$62K$2.7M 990 PDF
FY2020 $158K$237K−$79K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $178,234 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $186,000$178,212
I-10 Investment incomePrior year $21$22
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $186,021$178,234
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 $34,177$27,704
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $230,246$237,725
I-18 Total expensesPrior year $264,423$265,429
I-19 Revenue less expensesPrior year −$78,402−$87,195
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $178,234 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $178,212$178,212
VIII-3 Investment incomeExcluded from tax $22$22
VIII-12 Total revenueRelated to mission $178,212 · Unrelated business $0 · Excluded from tax $22$178,234
Part IX · Statement of functional expenses $265,429 across 13 lines filed
IX-6 Pay of disqualified personsPrograms $21,739 · Management $4,292$26,031
IX-10 Payroll taxesPrograms $1,397 · Management $276$1,673
IX-11a Management feesManagement $10,637$10,637
IX-11b Legal feesManagement $210$210
IX-11c Accounting feesManagement $4,100$4,100
IX-12 Advertising and promotionManagement $484$484
IX-13 Office expensesManagement $15,088$15,088
IX-16 OccupancyPrograms $51,665$51,665
IX-19 Conferences, conventions and meetingsManagement $322$322
IX-20 InterestPrograms $20$20
IX-22 Depreciation, depletion and amortizationPrograms $77,799 · Management $892$78,691
IX-23 InsurancePrograms $21,370$21,370
IX-24 Other expenses (24a–d)Programs $54,809 · Management $329$55,138
IX-25 Total functional expensesPrograms $228,799 · Management $36,630 · Fundraising $0$265,429
Part X · Balance sheet $2,449,866 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $23,889$17,781
X-2 Savings and temporary cash investmentsStart of year $47,301$59,427
X-4 Accounts receivableStart of year $28,086$26,085
X-9 Prepaid expenses and deferred chargesStart of year $6,047$7,877
X-10c Land, buildings and equipment, netStart of year $2,417,387$2,338,696
X-16 Total assetsStart of year $2,522,710$2,449,866
X-17 Accounts payable and accrued expensesStart of year $57,619$72,501
X-25 Other liabilitiesStart of year $4,347$3,816
X-26 Total liabilitiesStart of year $61,966$76,317
X-27 Net assets without donor restrictionsStart of year $76,644−$10,551
X-28 Net assets with donor restrictionsStart of year $2,384,100$2,384,100
X-32 Total net assets or fund balancesStart of year $2,460,744$2,373,549
X-33 Total liabilities and net assetsStart of year $2,522,710$2,449,866
Part XI · Reconciliation of net assets $2,373,549 net assets at year end
XI-1 Total revenue$178,234
XI-2 Total expenses$265,429
XI-3 Revenue less expenses−$87,195
XI-4 Net assets at start of year$2,460,744
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,373,549

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

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