2025-12-23T05:50:41-06:00 2025-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-07-01 061276156 HOUSING DEVELOPMENT FUND INC HOUS 2039691830 100 PROSPECT STREET 100 STAMFORD CT 06901 KILEY GOSSELIN PRESIDENT AND CEO 2039691830 2025-12-18 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-12-18 2024 2025-03-06 01:10:19Z KILEY GOSSELIN 100 PROSPECT STREET 100 STAMFORD CT 06901 12272125 0 X WWW.HDFCONNECTS.ORG X 1989 CT TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES. 12 11 25 12 0 0 5036604 9296479 1752103 2139212 558845 836434 -12701 -18093 7334851 12254032 0 0 0 0 2154046 2204412 0 0 376334 1188570 1706142 3342616 3910554 3992235 8343478 62649637 71858509 31115864 32188259 31533773 39670250 X TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES. 0 0 702551 HOMEBUYER ASSISTANCE UNDERWRITING - HDF PROVIDES ASSISTANCE IN LOANS FOR DOWN PAYMENTS AND LOW INTEREST SECOND MORTGAGES. 555994 HOMEBUYER ASSISTANCE COUNSELING - PROVIDE LOW INTEREST, FLEXIBLE FINANCING AND TECHNICAL ASSISTANCE TO DEVELOPERS BY PROVIDING HOMEBUYER ASSISTANCE FINANCING AND HOMEOWNERSHIP COUNSELING TO HOMEBUYERS. 1322498 2139212 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. 42119 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. 42119 2623162 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 23 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT NY X X KILEY GOSSELIN 2039691830 100 PROSPECT ST SUITE 100 STAMFORD CT 06901 KILEY GOSSELIN PRESIDENT & CEO 39.00 1.00 X X 235000 0 8446 CLAY FOWLER CHAIR 3.00 1.00 X X 0 0 0 MICHAEL WEINSTOCK VICE CHAIR 3.00 X X 0 0 0 MICHAEL HUNTER TREASURER 3.00 X X 0 0 0 ANNIE LAZARUS SECRETARY 3.00 X X 0 0 0 BARBARA KELLY BOARD MEMBER 1.00 X 0 0 0 WILLARD MILEY BOARD MEMBER 1.00 X 0 0 0 MARJAN MURRAY BOARD MEMBER (UNTIL 6/2025) 1.00 X 0 0 0 KATHLEEN ROMAGNANO BOARD MEMBER 1.00 X 0 0 0 MICHAEL CHAMBERS BOARD MEMBER 1.00 X 0 0 0 CARLINE CHARMELUS BOARD MEMBER 1.00 X 0 0 0 PHYLICIA ADAMS BOARD MEMBER 1.00 X 0 0 0 NATALIA ARIAS CHIEF FINANCIAL OFFICER 40.00 0.00 X 107161 0 7372 JACLYNN ALVES DIRECTOR OF RESIDENTIAL LENDING 40.00 0.00 X 106499 0 8533 ELIOT PACHECO DIRECTOR OF COMMERCIAL LENDING 40.00 0.00 X 100561 0 7339 EUGENE SCHREINER DIRECTOR OF COMMERCIAL LENDING 40.00 0.00 X 125532 0 735 ROXANA UBILLUS DIRECTOR OF HOMEBUYER DEVELOPMENT 40.00 0.00 X 100576 0 8622 775329 0 41047 7 0 1 0 0 64700 2220250 7011529 9296479 INTEREST INCOME - LOANS 531390 1495056 1495056 CONTRACTS AND FEES 531390 607496 607496 RENTAL INCOME 532000 36660 36660 2139212 836434 836434 0 64700 18093 -18093 -18093 12254032 2139212 0 818341 239342 155573 59834 23935 1564606 894785 480868 188953 82783 41185 31804 9794 127396 62063 50102 15231 190285 100757 62170 27358 9439 5037 4402 71200 19686 48128 3386 51455 8870 23055 19530 60435 666 209 59560 120199 80413 33295 6491 173967 99464 64012 10491 46399 38460 7939 526273 526273 28989 21437 5518 2034 76542 50139 19018 7385 LOAN LOSS PROVISION 234711 234711 UNRECOVERABLE DEVELOPME 109238 109238 BAD DEBT EXPENSE 87746 87746 LENDING RELATED EXPENSE 79934 79934 29615 6725 20704 2186 3910554 2623162 911058 376334 408414 443146 12572288 16965415 718258 1036758 191447 150517 130673 160383 1145948 283057 1174959 862891 40654173 46539200 6799425 5700199 62649637 71858509 275792 270621 22605072 24679638 5000000 5000000 3235000 2238000 31115864 32188259 X 28082060 36381177 3451713 3289073 31533773 39670250 62649637 71858509 X 8343478 88372 -295373 X X 0 1 X 1 1 1 X 6044261 3121786 873626 5036604 9296479 24372756 6044261 3121786 873626 5036604 9296479 24372756 239023 24133733 96700 90617 343489 558845 836434 1926085 26298841 10386899 0.91770 0.89790 X SCHEDULE A, PART II, SECTION B, LINE 10: THE AMOUNTS INCLUDED AS OTHER INCOME INCLUDE MISCELLANEOUS ITEMS OF INCOME THAT DO NOT MEET THE CRITERIA TO BE PRESENTED ON ANY OF THE OTHER LINES OF PART II OF THIS FORM. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 430521 430521 140780 46301 94479 548240 227092 321148 26407 9664 16743 862891 NOTES RECEIVABLE 46539200 C 46539200 RESTRICTED CASH 5670878 DUE FROM AFFILIATE 29321 5700199 CONDITIONAL GRANT ADVANCE 2238000 2238000 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 COMBINED 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 COMBINED FINANCIAL STATEMENTS AT JUNE 30, 2025. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. HDF ANNUAL BREAKFAST 64700 64700 18093 64700 64700 18093 18093 -18093 X X 0 0 0 0 0 0 0 0 0 KILEY GOSSELIN PRESIDENT & CEO 235000 0 0 0 0 0 0 0 8446 0 243446 0 0 0 PART I, LINE 3: THE COMPENSATION OF THE CEO IS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND IS BASED ON A PERFORMANCE EVALUATION, FINANCIAL RESULTS, AND COMPETITIVE SALARY REVIEW FOR SIMILAR POSITIONS. FORM 990, PART VI, SECTION A, LINE 2 THE CHAIRMAN OF THE BOARD HAS OUTSIDE BANKING RELATIONSHIPS WITH SEVERAL BANKS REPRESENTED ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE CEO AND DIRECTOR OF AUDIT AND INTERNAL CONTROLS. THE FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST FORMS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND IS BASED ON A PERFORMANCE EVALUATION, FINAL RESULTS AND COMPETITIVE SALARY REVIEW FOR SIMILAR POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE AND ARE AVAILABLE UPON REQUEST. ANY OTHER DOCUMENTATION, SUCH AS THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, IS ALSO MADE AVAILABLE ON REQUEST. FORM 990, PART XI, LINE 9: IMPAIRMENT OF PROPERTY AND EQUIPMENT -295,373. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND FOR SELECTING AN INDEPENDENT AUDITOR. HDF COMMUNITY WORKS LLC 100 PROSPECT STREET STAMFORD CT 06901 270160040 OPERATION OF NEIGHBORHOOD STABILIZATION PROGRAM CT 36660 908393 HOUSING DEVELOPMENT FUND INC HDF COMMUNITY LAND TRUST INC 100 PROSPECT STREET STAMFORD CT 06901 853499522 TO ACQUIRE, DEVELOP, AND SELL AFFORDABLE PROPERTY CT 501(C)(3) LINE 8 HOUSING DEVELOPMENT FUND INC 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0