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Cil Properties Incorporated FY2022 filing

Hartford, CTUnknown exempt organizationEIN 86-1097130Revenue $224K in FY2022

On file with the IRScil.org157 Charter Oak Avenue 3rd Floor · Hartford, CT

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Cil Properties owns, rehabilitates and rents units to individuals with very low income.

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $426K a year · 56% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 32.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.2M
145% of total assets
Concern: liabilities are 145% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$224K
-48% vs prior year
Spent
$333K
To programs
87%
Net assets
−$1.3M
By yearFY2021–FY2023
Revenue
$224K
FY2022▼ -48%
Tap a bar for its year
Revenue by fiscal year
FY2021$434K
FY2022$224K
FY2023$1.6M
Expenses
$333K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2021$360K
FY2022$333K
FY2023$306K
Net assets
−$1.3M
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2021−$1.2M
FY2022−$1.3M
FY2023$0

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $290K Management & general 13% · $44K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Kent Schwendy
President/CEO
$0Pt VII · Sec A
Maria Green
Secretary/CFO/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Gioia Zack
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jack Soos
Director
$0Pt VII · Sec A
See Cil Properties Incorporated 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 by owning, fixing, and renting homes to very low-income individuals.

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Provided by the organization

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3 programs · $290K · in their own filed words · FY2021
01

The women's center project consists of four units of residential housing for very low income individuals located in norwich and new london, connecticut.

$290Kprogram expense
02

The first STEP/SOUND community services project consists of thirteen units of residential housing for very low income individuals located in groton and new london, connecticut.

Pt IX · col B
03

The reliance house project consists of four units of residential housing for very low income individuals located in norwich, connecticut.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$224K
Ln 12
Fees for servicesLn 2g$219K
Other incomeLn 4–11$3K
Investment incomeLn 3$2K
Money outPt IX
$333K
Ln 25
Programscol B$290K
Managementcol C$44K
Owns and owesPt X
−$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$904K
Total assetsLn 16$2.9M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$219K
Investment incomeLn 3$2K
Other incomeLn 4–11$3K
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$859K
Cash and savings togetherLn 1–2$904K
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$2.9M
LiabilitiesLn 26$4.2M
Net assetsLn 32−$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$896K$904K
Land, buildings, equipmentLn 10c$2.2M$2.0M
Total assetsLn 16$3.1M$2.9M
LiabilitiesLn 26$4.3M$4.2M
Net assetsLn 32−$1.2M−$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$16K$16K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$22K$22K
Office expensesLn 13$91$91
OccupancyLn 16$99K$99K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$150K$150K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$24K$24K
Total functional expensesLn 25$333K$290K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1.6M$306K$1.3M$0 990 PDF
FY2022 Viewing $224K$333K−$109K−$1.3M 990 PDF
FY2021 $434K$360K$74K−$1.2M 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 FY2022 990 (6 parts)
Part I · Summary $224,308 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $228,351$219,326
I-10 Investment incomePrior year $945$1,557
I-11 Other revenuePrior year $204,467$3,425
I-12 Total revenuePrior year $433,763$224,308
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $359,695$333,244
I-18 Total expensesPrior year $359,695$333,244
I-19 Revenue less expensesPrior year $74,068−$108,936
Part VI · Governance 9 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
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 $224,308 across 3 lines filed
Lines not itemized here account for $3,425 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $219,326$219,326
VIII-3 Investment incomeExcluded from tax $1,557$1,557
VIII-12 Total revenueRelated to mission $222,751 · Unrelated business $0 · Excluded from tax $1,557$224,308
Part IX · Statement of functional expenses $333,244 across 9 lines filed
IX-11a Management feesManagement $15,554$15,554
IX-11b Legal feesManagement $5,705$5,705
IX-11c Accounting feesManagement $22,247$22,247
IX-13 Office expensesPrograms $91$91
IX-16 OccupancyPrograms $99,165$99,165
IX-17 TravelPrograms $3,167$3,167
IX-22 Depreciation, depletion and amortizationPrograms $149,872$149,872
IX-23 InsurancePrograms $13,067$13,067
IX-24 Other expenses (24a–d)Programs $24,376$24,376
IX-25 Total functional expensesPrograms $289,738 · Management $43,506 · Fundraising $0$333,244
Part X · Balance sheet $2,933,576 assets, 13 lines filed
Asset lines not itemized here account for $1,600; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $112,488$45,104
X-2 Savings and temporary cash investmentsStart of year $783,774$858,571
X-4 Accounts receivableStart of year $2,164$4,169
X-9 Prepaid expenses and deferred chargesStart of year $2,682$3,673
X-10c Land, buildings and equipment, netStart of year $2,153,549$2,020,459
X-16 Total assetsStart of year $3,056,257$2,933,576
X-17 Accounts payable and accrued expensesStart of year $65,732$50,107
X-19 Deferred revenueStart of year $917$1,295
X-25 Other liabilitiesStart of year $325$1,827
X-26 Total liabilitiesStart of year $4,259,448$4,245,703
X-27 Net assets without donor restrictionsStart of year −$1,203,191−$1,312,127
X-32 Total net assets or fund balancesStart of year −$1,203,191−$1,312,127
X-33 Total liabilities and net assetsStart of year $3,056,257$2,933,576
Part XI · Reconciliation of net assets −$1,312,127 net assets at year end
XI-1 Total revenue$224,308
XI-2 Total expenses$333,244
XI-3 Revenue less expenses−$108,936
XI-4 Net assets at start of year−$1,203,191
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,312,127

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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