NonprofitsChrysalis Center Real Estate Corporation

Community Improvement & Capacity Building

Chrysalis Center Real Estate Corporation

HARTFORD, CT

Total revenue

$3.2M

Total expenses

$4.4M

Net assets

$40.2M

Grants received

EIN

200243489

Tax year

2023

Mission

Real estate holding corporation for the chrysalis center, inc.

Programs

13 programs

Clover gardens - affordable housingclover gardens is a historical rehabilitation of four buildings into 32 units of affordable housing. Eight units are set aside for nine individuals with an intellectual or development disability or autism spectrum disorder. The buildings house an office, a conference room, a laundry facility, restored entrance areas, and are handicap accessible. The lot provides adequate off-street parking for the development. Chrysalis center through its real estate corporation is the developer and owner and harc, inc. Is the service provider for this project.

Expenses: $837K

Courtland arms - affordable/supportive housing - courtland arms is a historical rehabilitation of a 24-unit apartment building built in 1924. Four units are set aside for homeless veterans. The building houses offices, meeting rooms, a restored lobby and is fully handicapped accessible. An adjacent lot provides adequate parking for the development. Chrysalis center through its real estate corporation is the developer, owner and service provider for this project.

Expenses: $533K

The elms - affordable/supportive housing -- the elms was the rehabilitation of an abandoned building to create nine mixed income units in bristol. The building, formerly owned by st. Vincent depaul, was a gut rehab creating four one-bedroom units and five efficiencies designated for permanent housing for homeless veterans preferred/homeless individuals. Chrysalis center through its real estate corporation is the developer, owner and service provider for this project.

Expenses: $169K

Phelps village - affordable/supportive housing - a supportive housing project for homeless/ at risk of homelessness veterans consisting of three buildings: the phelps mansion which was a historically restored mansion built in 1907 and currently houses 10 formally homeless veterans, the carriage house consisting of seven formally homeless veterans, and four additional fully handicapped units creating a total of 21 units, along with an office in the mansion for case management. The project supplies housing and supportive services to veterans to ensure they are successful in maintaining housing. Chrysalis center through its real estate corporation is the developer, owner and service provider for this project.

Expenses: $335K

Liberty gardens - supportive housinga supportive family housing project consisting of a historic rehabilitation of an 8 unit 1922 apartment building with a new addition of an additional 2 units, office and community space for a 10 unit project for families experiencing being at risk of homelessness. The project does provide housing and support services to ensure families are successful in maintaining housing. Chrysalis center through its real estate corporation is the developer, owner and service provider for this project.

Expenses: $310K

Legion court - affordable/supportive housinga new construction of affordable housing that includes 12 two-bedroom townhouse apartments for veterans preferred and their families or families coming out of homelessness. This project was built on a vacant piece of property located on the south side of hartford. Case management services are provided by chrysalis center. Legion court opened in january 2017.

Expenses: $257K

St. Phillip house - supportive housingst. Phillip house is a program of chrysalis center that provides access to safe and affordable housing, increases community awareness through education, and renders support services to people living with hiv/aids and their loved ones. Located in plainville, ct, st. Phillip house has 8 one-bedroom units on site, a house located across the street and scattered site apartments. Chrysalis center provides supportive services for the individuals and families involved in the st. Philip house program and chrysalis center real estate corporation owns both the buildings the program operates from.

Expenses: $33K

All other:chrysalis center real estate corporation has the following additional projects in development and/or pre-development stage: north village and kelsey street.

Expenses: $6K

Hudson view commons - affordable/supportive housinghudson view commons was one of the first supportive housing projects to open in connecticut at 525 hudson street in hartford, ct. The building is 28 one bedroom and efficiency units and serves formerly chronically homeless and low income individuals. In december of 2012, chrysalis center through its real estate corporation took ownership of the property and continues to provide all on-site case management services to the tenants.

Expenses: $394K

Cosgrove commons - supportive housingchrysalis center was awarded a grant from the connecticut housing and finance authority to purchase an empty lot at 815 wethersfield avenue in hartford and to construct a 24 unit apartment building. The apartments house formerly homeless veterans as well as 6 units assigned to house young adults identified as homeless. Chrysalis center through its real estate corporation is the developer, owner and service provider for this project.

Expenses: $412K

North village

Expenses: $153K

Murray on main

Expenses: $280K

Berkowitz

Expenses: $286K

Financials

FY 2023

Revenue

Contributions & grants$151K
Program service revenue$2.9M
Investment income$90K
Other revenue$2K
Total revenue$3.2M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$4.4M
Total expenses$4.4M
Total assets$63.3M
Net assets$40.2M

People

8 listed

NameRoleCompensation

JEAN WAGNER

CHAIR

Board

1 hrs/wk

THOMAS P KENNEDY

VICE CHAIR

Board

1 hrs/wk

JAMES CHRISTOPHER

SECRETARY/TREASURER

Board

1 hrs/wk

MARK FISHER

DIRECTOR

Board

1 hrs/wk

KIMALEE WILLIAMS

DIRECTOR

Board

1 hrs/wk

SHARON CASTELLI

CHRYSALIS CEO

Board

1 hrs/wk

WENDY D BRIERE

CHRYSALIS CFO

Board

1 hrs/wk

JUDITH GOUGH

CHRYSALIS COS

Board

1 hrs/wk

Details

EIN200243489
NTEE codeS47
Subsection25
Ruling date2004-08
Formed2003
Employees0
Volunteers0
CHRYSALIS CENTER REAL ESTATE CORPORATION — Mission, Financials & Grants Received | Grantivo