2023-11-15T10:17:07-06:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 222809353 BRIDGEPORT NEIGHBORHOOD TRUST BRID 2032904255 570 STATE STREET BRIDGEPORT CT 06604 DORIS LATORRE CHIEF EXECUTIVE OFFICER 2032904255 2023-11-15 1 DORIS LATORRE XXX-XX-XXXX 0 MICHAEL PRUELL CPA P01585061 5083669100 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DORIS LATORRE 570 STATE STREET BRIDGEPORT CT 06604 8711366 0 X WWW.BNTWEB.ORG X 1986 CT FOUNDED IN 1986, BUILDING NEIGHBORHOODS TOGETHER'S (BNT) MISSION IS TO END HOUSING INSECURITY, INCOME INEQUALITY AND HOMELESSNESS BY CREATING SAFE, AFFORDABLE HOUSING, AND PROVIDING COMPREHENSIVE HOUSING AND FINANCIAL COUNSELING SERVICES TO LOW- AND MODERATE-INCOME FAMILIES ACROSS CONNECTICUT. 10 10 38 10 0 0 3122494 2050514 2408303 2079078 226403 -495645 227860 1151836 5985060 4785783 0 0 0 0 1401172 1344211 0 0 0 3796868 4458854 5198040 5803065 787020 -1017282 32575822 30686996 12112495 11359227 20463327 19327769 X FOUNDED IN 1986, BUILDING NEIGHBORHOODS TOGETHER'S (BNT) MISSION IS TO END HOUSING INSECURITY, INCOME INEQUALITY AND HOMELESSNESS BY CREATING SAFE, AFFORDABLE HOUSING, AND PROVIDING COMPREHENSIVE HOUSING AND FINANCIAL COUNSELING SERVICES TO LOW- AND MODERATE-INCOME FAMILIES ACROSS CONNECTICUT. 0 0 3845578 2079078 PROPERTY MANAGEMENT - REPRESENTS ALL MANAGEMENT ACTIVITIES FOR OPERATING PROPERTIES. BNT IS THE SINGLE MEMBER OF 29 LIMITED LIABILITY COMPANIES ORGANIZED TO ACQUIRE, DEVELOP AND OPERATE AFFORDABLE HOUSING IN BRIDGEPORT, CONNECTICUT. 307014 1177230 HOUSING DEVELOPMENT - FOCUSES ON THE BUILDING AND RENOVATION OF QUALITY AFFORDABLE HOMES AND APARTMENTS THAT PROVIDE NEW HOUSING OPPORTUNITIES FOR FAMILIES WITH LOW- AND MODERATE-INCOME LEVELS. DURING 2022, BNT CONTINUES TO WORK ON TWO MORE PROJECTS (SOUTH END COMMONS AND EAST MAIN STREET REDEVELOPMENT). 291207 EMPOWERMENT RESOURCE ACADEMY ("ERA") - PROVIDES EDUCATION TO FAMILIES TO ACHIEVE SELF-SUFFICIENCY, BUILD WEALTH AND MAINTAIN FINANCIAL STABILITY. ERA PROVIDES PRE-PURCHASE COUNSELING AND EDUCATION, AND FORECLOSURE PREVENTION SERVICES. SERVICES INCLUDE RENTAL COUNSELING AND EVICTION PREVENTION, MOBILITY COUNSELING AND RESIDENT ENGAGEMENT AND EMPOWERMENT SERVICES. DURING 2022, ERA CONTINUED ASSISTING THE STATE OF CT WITH SOLICITATION, APPLICATION, PROCESSING, AND COUNSELING RELATED TO RESIDENT RENT RELIEF PROGRAMS RELATED TO COVID19. 88555 SOCIAL ENTERPRISE GROUP - PROVIDED GOODS AND SERVICES CURRENTLY NOT BEING OFFERED IN THE COMMUNITY AND JOBS WITH OWNERSHIP POTENTIAL THAT WILL PROVIDE ECONOMIC STABILITY. 88555 4532354 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 25 0 1 38 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT X DORIS LATORRE 2032904255 570 STATE STREET BRIDGEPORT CT 06604 CHIP PARRISH PRESIDENT 2.00 X X 0 0 0 TERENCE FLOYD VICE PRESIDENT 2.00 X X 0 0 0 DEBORAH CLANCY TREASURER 2.00 X X 0 0 0 CAROL J HELLER SECRETARY 2.00 X X 0 0 0 DEBORAH CAVINESS TRUSTEE 2.00 X 0 0 0 CHARLES BRELAND DIRECTOR 2.00 X 0 0 0 JENITA HAYES DIRECTOR 2.00 X 0 0 0 KEVIN MOORE DIRECTOR 2.00 X 0 0 0 DAVID REYES DIRECTOR 2.00 X 0 0 0 REGINA VERMONT DIRECTOR 2.00 X 0 0 0 DORIS LATORRE CEO 40.00 X 153804 0 9194 153804 0 9194 1 0 1 0 RIPPLE EFFECT CONSULTING 10 VALLEY LANE FAIRFIELD CT 06825 CONSULTING 170000 4 77224 1189906 783384 2050514 RENTAL INCOME 624229 2079078 2079078 2079078 4458 4458 3387500 3887603 -500103 -500103 -500103 12586 77224 37980 -25394 -25394 DEBT FORGIVENESS 531390 1177230 1177230 1177230 4785783 3256308 0 -521039 X 162998 81499 81499 962800 922333 40467 16914 13135 3779 94283 75143 19140 107216 77620 29596 19134 12751 6383 218672 218672 660089 38712 621377 50796 112 50684 540530 465110 75420 928826 881482 47344 10205 10205 263321 256806 6515 795098 795098 286639 251011 35628 BAD DEBTS 617298 617298 PROGRAM EXPENSES 44244 44244 MISCELLANEOUS 24002 24002 5803065 4532354 1270711 0 2157118 734347 375737 514058 48982 444869 282625 35015 291566 114583 28891722 176983 100 100 1955711 27645451 32575822 30686996 756187 1341591 10706324 9517652 649984 499984 12112495 11359227 X 2332204 2934901 18131123 16392868 20463327 19327769 32575822 30686996 X -1017282 -118276 X X 0 1 X 1 0 X 737500 927404 1877783 3122494 2050514 8715695 737500 927404 1877783 3122494 2050514 8715695 1245367 7470328 4549 6393 2419 317 4458 18136 8733831 12652868 0.85530 0.84480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 171709 171709 119857 114583 5274 176983 DEVELOPMENT PROPERTIES 1302886 DUE FROM AFFILIATES 690927 RESTRICTED RESERVES 31053 OTHER 188984 PROPERTY HELD FOR SALE 25431601 27645451 LINES OF CREDIT 499984 499984 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2022. PUTTING HOUSING FIRST 89810 77224 12586 270 1450 11136 350 24774 89810 77224 12586 270 1450 11136 350 24774 37980 -25394 X 0 0 0 0 0 0 0 0 0 DORIS LATORRE CEO 153804 0 0 0 0 0 2708 0 6486 0 162998 0 0 0 ELIZABETH TORRES FORMER CEO 132301 CONSULTING SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS, WITH THE EXECUTIVE DIRECTOR, REVIEW AND APPROVE THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE ON FILE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR AND EMPLOYEE SALARIES ARE COMPARED TO THE CURRENT MARKET BY A COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 38,712. MANAGEMENT AND GENERAL EXPENSES 621,377. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 660,089. FORM 990, PART XI, LINE 9: AMOUNTS INVESTED IN PROJECTS UNDER DEVELOPMENT -118,276. FORM 990, PART XII, LINE 2C: NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. 1737 STRATFORD AVENUE LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 24984 92160 BRIDGEPORT NEIGHBORHOOD TRUST 1755 STRATFORD AVE LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 43790 1593131 BRIDGEPORT NEIGHBORHOOD TRUST 1841 STRATFORD AVE LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 111515 1429789 BRIDGEPORT NEIGHBORHOOD TRUST 35 COLUMBIA COURT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 0 114809 BRIDGEPORT NEIGHBORHOOD TRUST 84 HOLLY LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 25938 708048 BRIDGEPORT NEIGHBORHOOD TRUST AVENUE CORNER LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 0 0 BRIDGEPORT NEIGHBORHOOD TRUST COLUMBIA COURT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 9000 948537 BRIDGEPORT NEIGHBORHOOD TRUST COLUMBIA COURT PHASE II LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 22670 229145 BRIDGEPORT NEIGHBORHOOD TRUST DO WEST MARKET CAFE LLC 570 STATE STREET BRIDGEPORT CT 06604 822824792 REAL ESTATE HOLDING CT 0 0 BRIDGEPORT NEIGHBORHOOD TRUST EAST END MARKET CAFE LLC 570 STATE STREET BRIDGEPORT CT 06604 822753342 REAL ESTATE HOLDING CT 0 0 BRIDGEPORT NEIGHBORHOOD TRUST EAST END REDEVELOPMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 446650 9211029 BRIDGEPORT NEIGHBORHOOD TRUST FAIRFIELD AVE DEVELOPMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 38450 959550 BRIDGEPORT NEIGHBORHOOD TRUST GREGORY STREET DEVELOPMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 0 0 BRIDGEPORT NEIGHBORHOOD TRUST HOLLY STREET LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 0 66661 BRIDGEPORT NEIGHBORHOOD TRUST JOHNSON STREET DEVELOPMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 0 92898 BRIDGEPORT NEIGHBORHOOD TRUST SEAVIEW VENTURE LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 40363 651698 BRIDGEPORT NEIGHBORHOOD TRUST SOUTH END COMMUNITY INITIATIVE PHASE III LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 39644 594255 BRIDGEPORT NEIGHBORHOOD TRUST SOUTH END PHASE II LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 97678 1182370 BRIDGEPORT NEIGHBORHOOD TRUST STATE STREET DEVELOPMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 521909 7062775 BRIDGEPORT NEIGHBORHOOD TRUST WEST AVENUE PARTNERS LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 583767 12257641 BRIDGEPORT NEIGHBORHOOD TRUST 1998 SEAVIEW LLC 570 STATE STREET BRIDGEPORT CT 06604 813359263 REAL ESTATE HOLDING CT 12949 439779 BRIDGEPORT NEIGHBORHOOD TRUST WEST DEVELOPMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 465005391 REAL ESTATE HOLDING CT 0 0 BRIDGEPORT NEIGHBORHOOD TRUST DOWNTOWN WEST LLC 570 STATE STREET BRIDGEPORT CT 06604 474914489 REAL ESTATE HOLDING CT 0 0 BRIDGEPORT NEIGHBORHOOD TRUST WEST LIBERTY COMMONS 570 STATE STREET BRIDGEPORT CT 06604 371840864 REAL ESTATE HOLDING CT 0 3745678 BRIDGEPORT NEIGHBORHOOD TRUST OLDE SCHOOL MANAGEMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 812798505 RENTAL OF AFFORDABLE HOUSING CT 0 3918407 BRIDGEPORT NEIGHBORHOOD TRUST 1059 PEMBROKE LLC 570 STATE STREET BRIDGEPORT CT 06604 REAL ESTATE HOLDING CT 0 12500 BRIDGEPORT NEIGHBORHOOD TRUST OLDE SCHOOL COMMONS APARTMENTS LP 570 STATE STREET BRIDGEPORT CT 06604 201870233 RENTAL OF AFFORDABLE HOUSING CT N/A N/A 0 0 DOWNTOWN WEST GATE LIMITED PARTNERSHIP 570 STATE STREET BRIDGEPORT CT 06604 474956476 DEVELOPMENT AND RENTAL OF AFFORDABLE HOUSING CT N/A N/A 0 0 BNI DEVELOPERS LLC 570 STATE STREET BRIDGEPORT CT 06604 813347232 AFFORDABLE HOUSING CT BRIDGEPORT NEIGHBORHOOD TRUST RENTS 526578 0 1 0.75000 DOWNTOWN WEST LLC 570 STATE STREET BRIDGEPORT CT 06604 474914489 DEVELOPMENT AND RENTAL OF AFFORDABLE HOUSING CT BRIDGEPORT NEIGHBORHOOD TRUST C -132 0.75000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1