NonprofitsHousing Development Fund Inc

Housing & Shelter

Housing Development Fund Inc

STAMFORD, CT

Total revenue

$12.3M

Total expenses

$3.9M

Net assets

$39.7M

Grants received

$8.3M

22 grants

EIN

061276156

Tax year

2024

Mission

To facilitate the development of affordable housing, both rental and homeownership, and assist households to become owners of affordable homes.

Programs

3 programs

Homebuyer assistance counseling - provide low interest, flexible financing and technical assistance to developers by providing homebuyer assistance financing and homeownership counseling to homebuyers.

Expenses: $556K

Multi-family housing - provide construction and permanent loans and related assistance to providers of multi-family housing to enable them to expand low and moderate income housing opportunities for families in southwestern ct.

Expenses: $1.3M

Property management - to attract all possible renters who are the least likely to apply for affordable housing units in the region. Possible renters are subject to certain state median income limitations.

Expenses: $42K

Financials

FY 2024

Revenue

Contributions & grants$9.3M
Program service revenue$2.1M
Investment income$836K
Other revenue
Total revenue$12.3M

Expenses

Grants paid
Salaries & benefits$2.2M
Fundraising$376K
Other expenses$1.7M
Total expenses$3.9M
Total assets$71.9M
Net assets$39.7M

People

17 listed

NameRoleCompensation

KILEY GOSSELIN

PRESIDENT & CEO

Board

$235K

39 hrs/wk

WILLARD MILEY

BOARD MEMBER

Board

1 hrs/wk

MARJAN MURRAY

BOARD MEMBER (UNTIL 6/2025)

Board

1 hrs/wk

KATHLEEN ROMAGNANO

BOARD MEMBER

Board

1 hrs/wk

MICHAEL CHAMBERS

BOARD MEMBER

Board

1 hrs/wk

CARLINE CHARMELUS

BOARD MEMBER

Board

1 hrs/wk

PHYLICIA ADAMS

BOARD MEMBER

Board

1 hrs/wk

ANNIE LAZARUS

SECRETARY

Board

3 hrs/wk

MICHAEL HUNTER

TREASURER

Board

3 hrs/wk

MICHAEL WEINSTOCK

VICE CHAIR

Board

3 hrs/wk

BARBARA KELLY

BOARD MEMBER

Board

1 hrs/wk

CLAY FOWLER

CHAIR

Board

3 hrs/wk

EUGENE SCHREINER

DIRECTOR OF COMMERCIAL LENDING

Staff

$126K

40 hrs/wk

NATALIA ARIAS

CHIEF FINANCIAL OFFICER

Staff

$107K

40 hrs/wk

JACLYNN ALVES

DIRECTOR OF RESIDENTIAL LENDING

Staff

$106K

40 hrs/wk

ROXANA UBILLUS

DIRECTOR OF HOMEBUYER DEVELOPMENT

Staff

$101K

40 hrs/wk

ELIOT PACHECO

DIRECTOR OF COMMERCIAL LENDING

Staff

$101K

40 hrs/wk

Grants received

Showing 22 of 22

FromAmountPurposeYear
$25K
TO SUPPORT THE FIRST-TIME HOMEBUYER COUNSELING PROGRAM
2024
$600K
COMMUNITY AND ECONOMIC DEVELOPMENT
2023
$53K
FOR GENERAL SUPPORT
2023
$10K
HUMAN DEVELOPMENT
2023
$3K
FIRSTGEN HOMEOWNERSHIP COUNSELING
2023
$8K
BREAKFAST SPONSORSHIP
2022
$15K
FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOME OWNERSHIP
2021
$15K
Affordable Housing
2021
$15K
Affordable Housing
2021
$4M
HUMAN SERVICES
2020
$8K
PROGRAM/OPERATING SUPPORT
2018
$487K
EXPENDABLE GRANTS
2017

Funded by

$8.3M from 10 funders · 22 grants · 2017–2024

National Philanthropic Trust

$4M · 1 grant · 2020

Neighborhood Reinvestment Corporation

$3.5M · 7 grants · 2017–2023

Grace J Fippinger Foundation Inc

$40K · 3 grants · 2021–2023

Liberty Bank Foundation Inc

$25K · 1 grant · 2024

Stamford Rotary Trust Fund

$15K · 1 grant · 2021

The Goodnow Fund

$10K · 2 grants · 2022–2023

Details

EIN061276156
NTEE codeL122
Subsection03
Ruling date2003-11
Formed1989
Employees25
Volunteers12
HOUSING DEVELOPMENT FUND INC — Mission, Financials & Grants Received | Grantivo