2024-11-15T14:57:19-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 222809353 BRIDGEPORT NEIGHBORHOOD TRUST BRID 2032904255 570 STATE STREET BRIDGEPORT CT 06604 DORIS LATORRE CHIEF EXECUTIVE OFFICER 2032904255 2024-11-15 1 1 MICHAEL PRUELL CPA P01585061 5083669100 2024-11-15 2023 2024-10-15 13:58:12Z DORIS LATORRE 570 STATE STREET BRIDGEPORT CT 06604 6029641 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. X 10 10 9 10 0 0 2050514 1438394 2079078 1029761 -495645 2058757 1151836 135341 4785783 4662253 0 0 0 0 1344211 1088514 0 0 0 4458854 2864062 5803065 3952576 -1017282 709677 30686996 4841236 11359227 1470829 19327769 3370407 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 2261169 1189159 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. 202401 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 THROUGHOUT THE STATE OF CONNECTICUT. DURING 2023, BNT CONTINUES TO WORK ON TWO MORE PROJECTS (SOUTH END COMMONS AND EAST MAIN STREET REDEVELOPMENT). 196115 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 2023, ERA CONTINUED ASSISTING THE STATE OF CT WITH SOLICITATION, APPLICATION, PROCESSING, AND COUNSELING RELATED TO RESIDENT RENT RELIEF PROGRAMS RELATED TO COVID19. 333849 SOCIAL ENTERPRISE GROUP - PROVIDED GOODS AND SERVICES CURRENTLY NOT BEING OFFERED IN THE COMMUNITY AND JOBS WITH OWNERSHIP POTENTIAL THAT WILL PROVIDE ECONOMIC STABILITY. 333849 2993534 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 1 1 1 1 0 0 0 1 35 0 1 9 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 DIRECTOR 2.00 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 TREASURER 2.00 X 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 169985 0 25133 169985 0 25133 1 0 1 0 SCHANDLER SELNAU ASSOCIATES 5 WATERVILLE ROAD FARMINGTON CT 06032 HOUSING DEVELOPMENT SERVICES 175500 HOOPES MORGANTHALER RAUSCH & SCARAMOZZ 185 ASYLUM ST CITYPLACE II FLOOR 1 HARTFORD CT 06103 LEGAL SERVICES 126465 2 85033 461102 892259 1438394 RENTAL INCOME 624229 1029761 1029761 1029761 595 595 3387500 1329338 2058162 2058162 2058162 13993 85033 38050 -24057 -24057 OTHER REVENUE 900099 159398 159398 159398 4662253 1189159 0 2034700 X 195118 97559 97559 673708 536452 137256 18843 13501 5342 152321 121304 31017 48524 32026 16498 35717 35717 283657 283657 547042 375843 171199 20267 20267 176255 130490 45765 257904 179980 77924 14612 5736 8876 88786 88786 649971 649971 422317 395195 27122 BAD DEBTS 352730 352730 MISCELLANEOUS 14804 13961 843 3952576 2993534 959042 0 2157118 1422054 375737 48982 282625 38918 217424 737805 188965 176983 548840 100 100 27645451 2613900 30686996 4841236 1341591 629447 9517652 377409 499984 463973 11359227 1470829 X 2934901 3006463 16392868 363944 19327769 3370407 30686996 4841236 X 709677 -878809 -15788230 X X 0 1 X 1 0 X 927404 1877783 3122494 2050514 1438394 9416589 927404 1877783 3122494 2050514 1438394 9416589 1269104 8147485 6393 2419 317 4458 595 14182 9430771 11133659 0.86390 0.85530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 617948 74382 543566 119857 114583 5274 548840 DEVELOPMENT PROPERTIES 1701920 DUE FROM AFFILIATES 690927 RESTRICTED RESERVES 31053 OTHER 190000 2613900 LINES OF CREDIT 174363 CONDITIONAL GRANT ADVANCE 289610 463973 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, 2023. 2023 BNT ANNUAL EVENT 90276 78140 12136 1000 11136 400 23657 HOMEWARD BOUND 8750 6893 1857 357 1500 99026 85033 13993 1357 12636 400 23657 38050 -24057 X 0 0 0 0 0 0 0 0 0 DORIS LATORRE CEO 169985 0 0 0 0 0 6656 0 18477 0 195118 0 0 0 PART I, LINE 3 ANNUALLY, THE BOARD OF DIRECTORS MEET TO VOTE AND APPROVE THE CEO'S SALARY AND COMPENSATION. ELIZABETH TORRES FORMER CEO 89930 CONSULTING SERVICES 0 RENTAL PROPERTIES SOLD 2023-06-30 15956809 VARIOUS PROPERTIES SOLD AT FMV THAT ALSO INCLUDED THE ASSUMPTION OF DEBT. THE DISTRIBUTION OF THE NET ASSETS WERE A RESULT OF VARIOUS GRANTS THAT WERE CLASSIFIED AS DONOR RESTRICTED NET ASSETS THAT WERE ATTACHED TO THE PROPERTIES. WHEN THE PROPERTIES WERE SOLD, THE RESTRICTIONS WERE RELEASED FROM BNT AND ASSUMED BY THE PURCHASOR. 060864050 NEW NEIGHBORHOODS INC 176 PROGRESS DRIVE STAMFORD CT 06902 501(C)(3) 0 0 0 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 375,843. MANAGEMENT AND GENERAL EXPENSES 171,199. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 547,042. FORM 990, PART XI, LINE 9: RESTRICTED CONTRIBUTIONS RELEASED AND TRANSFERRED TO ANOTHER NONPROFIT -15,956,809. FORGIVENESS OF DEBT 168,579. FORM 990, PART XII, LINE 2C: NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. 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 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 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 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 CT 0 12500 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 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 0.75000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1