Nonprofit · EIN 06-1276156
HOUSING DEVELOPMENT FUND INC
Tax-exempt · STAMFORD, CT 06901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,254,032 | $3,910,554 | $8,343,478 | $71,858,509 | $32,188,259 | $39,670,250 |
| June 30, 2024 | 990 | $7,334,851 | $3,342,616 | $3,992,235 | $62,649,637 | $31,115,864 | $31,533,773 |
| June 30, 2023 | 990 | $3,366,920 | $3,327,155 | $39,765 | $50,956,580 | $22,771,361 | $28,185,219 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,296,479
- of which government grants
- $2,220,250
- Program service revenue
- $2,139,212
- Investment income
- $836,434
- Net income from fundraising events
- -$18,093
- Other revenue
- -$18,093
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $239,342
- Other salaries and wages
- $1,564,606
- Salaries, compensation and benefits (total)
- $2,204,412
- Professional fundraising fees
- $0
- Legal fees
- $9,439
- Accounting fees
- $71,200
- Occupancy
- $46,399
- Depreciation
- $28,989
- Program services (functional)
- $2,623,162
- Management and general (functional)
- $911,058
- Fundraising (functional)
- $376,334
Balance sheet and other
- Total assets, start of year
- $62,649,637
- Total assets, end of year
- $71,858,509
- Total liabilities, end of year
- $32,188,259
- Net assets, end of year
- $39,670,250
- Land, buildings and equipment
- $862,891
- Net assets without donor restrictions
- $36,381,177
- Net assets with donor restrictions
- $3,289,073
- Gross receipts
- $12,272,125
- Employees
- 25
- Volunteers
- 12
- Year formed
- 1989
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KILEY GOSSELIN | PRESIDENT & CEO Trustee or director, Officer | 39 | $235,000 | $8,446 |
| EUGENE SCHREINER | DIRECTOR OF COMMERCIAL LENDING Highest-paid employee | 40 | $125,532 | $735 |
| JACLYNN ALVES | DIRECTOR OF RESIDENTIAL LENDING Highest-paid employee | 40 | $106,499 | $8,533 |
| NATALIA ARIAS | CHIEF FINANCIAL OFFICER Highest-paid employee | 40 | $107,161 | $7,372 |
| ROXANA UBILLUS | DIRECTOR OF HOMEBUYER DEVELOPMENT Highest-paid employee | 40 | $100,576 | $8,622 |
| ELIOT PACHECO | DIRECTOR OF COMMERCIAL LENDING Highest-paid employee | 40 | $100,561 | $7,339 |
| CLAY FOWLER | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL WEINSTOCK | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL HUNTER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ANNIE LAZARUS | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BARBARA KELLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLARD MILEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARJAN MURRAY | BOARD MEMBER (UNTIL 6/2025) Trustee or director | 1 | $0 | $0 |
| KATHLEEN ROMAGNANO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL CHAMBERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLINE CHARMELUS | BOARD MEMBER Trustee or director | 1 | $0 |
| PHYLICIA ADAMS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KILEY GOSSELIN | PRESIDENT & CEO Trustee or director, Officer | 39 | $139,283 | $16,934 |
| CLAY FOWLER | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL WEINSTOCK | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL HUNTER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ANNIE LAZARUS | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BARBARA KELLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLARD MILEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARJAN MURRAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHLEEN ROMAGNANO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL CHAMBERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARLINE CHARMELUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHYLICIA ADAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOAN CARTY | PRESIDENT & CEO (UNTIL 5/2023) Trustee or director, Officer | 39 | $254,100 | $25,729 |
| GINA DELANO | INTERIM CFO (UNTIL 6/2023) Officer | 20 | $145,343 | $5,290 |
| KILEY GOSSELIN | PRESIDENT & CEO Trustee or director, Officer | 39 | $0 | $0 |
| CLAY FOWLER | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL WEINSTOCK | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL HUNTER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BERT HUNTER | TREASURER (UNTIL 12/2022) Trustee or director, Officer | 3 | $0 | $0 |
| ANNIE LAZARUS | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| LISA SANDERS | ASSISTANT TREASURER (UNTIL 1/2023) Trustee or director, Officer | 2 | $0 | $0 |
| CHARLES HOWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARBARA KELLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLARD MILEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARJAN MURRAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHLEEN ROMAGNANO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL CHAMBERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 PROSPECT STREET 100, STAMFORD, CT 06901-1696
- In care of
- % JOAN CARTY
- Principal officer (990 for 2024)
- KILEY GOSSELIN, 100 PROSPECT STREET 100, STAMFORD, CT 06901
- Signed the 990
- KILEY GOSSELIN, PRESIDENT AND CEO
- Phone
- (203) 969-1830
- Website
- WWW.HDFCONNECTS.ORG
- Return prepared by
- AAFCPAS INC
Mission
TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.
Program accomplishments
- HOMEBUYER ASSISTANCE UNDERWRITING - HDF PROVIDES ASSISTANCE IN LOANS FOR DOWN PAYMENTS AND LOW INTEREST SECOND MORTGAGES.Expenses $702,551
- HOMEBUYER ASSISTANCE COUNSELING - PROVIDE LOW INTEREST, FLEXIBLE FINANCING AND TECHNICAL ASSISTANCE TO DEVELOPERS BY PROVIDING HOMEBUYER ASSISTANCE FINANCING AND HOMEOWNERSHIP COUNSELING TO HOMEBUYERS.Expenses $555,994
- 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 $1,322,498 · revenue $2,139,212
- 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 $42,119
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1276156
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L122)
- Assets (IRS master file)
- $71,858,509
- Income (IRS master file)
- $12,272,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,254,032 | $3,910,554 | $71,858,509 | XML |
| 990 | June 2024 | $7,334,851 | $3,342,616 | $62,649,637 | XML |
| 990 | June 2023 | $3,366,920 | $3,327,155 | $50,956,580 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1276156).
Questions about HOUSING DEVELOPMENT FUND INC
- What is the EIN of HOUSING DEVELOPMENT FUND INC?
- The employer identification number (EIN) of HOUSING DEVELOPMENT FUND INC is 06-1276156.
- Is HOUSING DEVELOPMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to HOUSING DEVELOPMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING DEVELOPMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOUSING DEVELOPMENT FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSING DEVELOPMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOUSING DEVELOPMENT FUND INC?
- The 990 for the year ended June 30, 2025 names KILEY GOSSELIN.
- Who are the officers and directors of HOUSING DEVELOPMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 6 received compensation from the organization, the highest $235,000 (KILEY GOSSELIN, PRESIDENT & CEO).
- How much revenue does HOUSING DEVELOPMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,254,032, expenses of $3,910,554 and total assets of $71,858,509 at year end.
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All nonprofits in STAMFORD · Connecticut · Housing and shelter