Nonprofit · EIN 46-3843748
SASCO CREEK DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · WESTPORT, CT 06880
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,631,057 | $1,934,020 | -$302,963 | $18,200,548 | $7,275,399 | $10,925,149 |
| December 31, 2023 | 990 | $1,276,764 | $1,527,016 | -$250,252 | $18,293,211 | $7,518,327 | $10,774,884 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $988,016
- of which government grants
- $988,016
- Program service revenue
- $237,565
- Investment income
- $397,577
- Net gain from sales of assets
- $249,301
- Other revenue
- $7,899
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $303,591
- Salaries, compensation and benefits (total)
- $334,461
- Professional fundraising fees
- $0
- Legal fees
- $17,397
- Accounting fees
- $30,750
- Occupancy
- $301,592
- Depreciation
- $429,349
- Program services (functional)
- $1,573,879
- Management and general (functional)
- $360,141
Balance sheet and other
- Total assets, start of year
- $18,293,211
- Total assets, end of year
- $18,200,548
- Total liabilities, end of year
- $7,275,399
- Net assets, end of year
- $10,925,149
- Land, buildings and equipment
- $9,544,738
- Publicly traded securities
- $7,115,202
- Net assets without donor restrictions
- $10,925,149
- Gross receipts
- $5,352,208
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2012
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CAROL MARTIN | SECRETARY Trustee or director, Officer | 5 | $0 | $152,160 |
| DAVID A NEWBERG | PRESIDENT Trustee or director, Officer | 0.4 | $0 | $0 |
| KATHRYN KNAPP | TREASURER Trustee or director, Officer | 0.4 | $0 | $0 |
| BARBARA BUTLER | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CAROL MARTIN | EXECUTIVE DIRECTOR Officer | 5 | $0 | $165,000 |
| DAVID A NEWBERG | PRESIDENT Trustee or director, Officer | 0.4 | $0 | $0 |
| KATHRYN KNAPP | TREASURER Trustee or director, Officer | 0.4 | $0 | $0 |
| BARBARA BUTLER | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5 CANAL STREET, WESTPORT, CT 06880-2430
- Mailing address (990-N for 2016)
- 5 CANAL STREET, WESTPORT CT 06880
- Principal officer (990 for 2024)
- CAROL MARTIN, 5 CANAL STREET, WESTPORT, CT 06880
- Principal officer (990-N for 2016)
- CAROL MARTIN, 5 CANAL STREET, WESTPORT CT 06880
- Signed the 990
- CAROL MARTIN, SECRETARY
- Phone
- (203) 227-4672
- Website
- WESTPORTHA.ORG
- Return prepared by
- WHITTLESEY PC
Mission
THE PURPOSE OF THE CORPORATION IS TO DEVELOP, REDEVELOP, MANAGE, FINANCE, SPONSOR, INVEST IN, OWN, OPERATE AND/OR EXPAND THE AVAILABILITY OF LOW AND MODERATE INCOME, DISABLED, ELDERLY, MIXED-INCOME AND/OR MIXED-USE AFFORDABLE HOUSING DEVELOPMENTS, OR COMPONENTS THEREOF, IN AND AROUND FAIRFIELD COUNTY, CONNECTICUT.
Program accomplishments
- RENOVATION AND OPERATION OF CANAL PARK APARTMENTS, A 50-UNIT APARTMENT COMPLEX LOCATED IN WESTPORT, CONNECTICUT THAT PROVIDES LOW INCOME, ELDERLY AND DISABLED AFFORDABLE HOUSING.Expenses $1,573,879 · revenue $245,464
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3843748
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $18,200,548
- Income (IRS master file)
- $5,352,208
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- November 3, 2018
- Reinstated
- Effective May 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,631,057 | $1,934,020 | $18,200,548 | XML |
| 990 | December 2023 | $1,276,764 | $1,527,016 | $18,293,211 | XML |
| 990 | December 2022 | $1,164,196 | $1,440,598 | $17,898,311 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: CAROL MARTIN | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-3843748).
Questions about SASCO CREEK DEVELOPMENT CORPORATION
- What is the EIN of SASCO CREEK DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SASCO CREEK DEVELOPMENT CORPORATION is 46-3843748.
- Is SASCO CREEK DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2015.
- Are donations to SASCO CREEK DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SASCO CREEK DEVELOPMENT CORPORATION 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 SASCO CREEK DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SASCO CREEK DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SASCO CREEK DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names CAROL MARTIN.
- Who are the officers and directors of SASCO CREEK DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SASCO CREEK DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,631,057, expenses of $1,934,020 and total assets of $18,200,548 at year end.
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