Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 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
6 people listed on the 990; $46K paid to officers and key staff.
John Counter’s $8K as President is at the 1st percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| John Counter | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| John O'Connor | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Wayne Orio | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Rosemarie Paine | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Douglas Ruickoldt | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Tracy Mooney | — | — | — | — | $6,000 |
| Harold Burns | $2,000 | — | — | — | — |
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.
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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 and manages affordable housing for low-to-middle income residents in Connecticut.
Questions for Savin Rock Communities INC
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The organization is a general partner in the meadow landing partnership and provides management services to meadow landing partnership.
Providing affordable housing at surfside apartments owned by the organization through its wholly owned subsidiary, savin rock LLC.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $2K | $485K |
| InvestmentsLn 11–13 | $46K | $49K |
| Land, buildings, equipmentLn 10c | $0 | $2.1M |
| Total assetsLn 16 | $257K | $3.0M |
| LiabilitiesLn 26 | $328K | $657K |
| Net assetsLn 32 | −$71K | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $46K | $46K | ||
| Other salaries and wagesLn 7 | $121K | $107K | $13K | |
| Other employee benefitsLn 9 | $374 | $374 | ||
| Management feesLn 11a | $15K | $15K | ||
| Legal feesLn 11b | $21K | $21K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Other fees for servicesLn 11g | $9K | $9K | ||
| Office expensesLn 13 | $17K | $15K | $2K | |
| Depreciation, depletion and amortizationLn 22 | $14K | $14K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $42K | $42K | ||
| Total functional expensesLn 25 | $295K | $218K | $76K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $6.9M | $5.8M | $1.1M | $12.8M | 990 PDF |
| FY2023 | $4.9M | $3.0M | $1.9M | $11.7M | 990 PDF |
| FY2022 | $4.3M | $2.1M | $2.2M | $6.6M | 990 PDF |
| FY2021 | $4.2M | $2.3M | $1.9M | $4.2M | 990 PDF |
| FY2020 Viewing | $545K | $295K | $250K | $2.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $544,910 revenue, 12 lines filed
Part VI · Governance 4 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $544,910 across 5 lines filed
Part IX · Statement of functional expenses $294,507 across 11 lines filed
Part X · Balance sheet $2,962,905 assets, 13 lines filed
Part XI · Reconciliation of net assets $2,306,249 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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