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Hamden Economic Developmente Corporation

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are not tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$2.46M (2023)

Expenses
$3.02M (2023)

Total Assets
$2.24M (2023)

Total Liabilities
$1.92M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,458,138
Expenses
$3,018,646
Net Income
-$560,508
Net Assets
$314,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,434,225
99.0%
Program Services $0
Investment Income $16,307
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $7,606
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,235,556
Total Liabilities $1,921,050
Net Assets $314,506
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Eric West (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0
Jon Terry (Secretary) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Cathy Defrances Vittorio (Director) $0 $0 $0
Rob Leighton (Director) $0 $0 $0
David Golebiewski (Director) $0 $0 $0
John Nutcher (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,657,660
Expenses
$1,766,367
Net Income
-$108,707
Net Assets
$875,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,617,905
97.6%
Program Services $0
Investment Income $39,755
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,046,023
Total Liabilities $2,171,009
Net Assets $875,014
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Eric West (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0
Jon Terry (Secretary) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Cathy Defrances Vittorio (Director) $0 $0 $0
Rob Leighton (Director) $0 $0 $0
David Golebiewski (Director) $0 $0 $0
John Nutcher (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$167,824
Expenses
$7,078,777
Net Income
-$6,910,953
Net Assets
$983,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $160,309
95.5%
Program Services $0
Investment Income $7,515
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,370,551
Total Liabilities $2,386,830
Net Assets $983,721
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0
John Terry (Secretary) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Cathy Defrances Vittorio (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0
David Golebiewski (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,012,176
Expenses
$475,604
Net Income
$1,536,572
Net Assets
$7,894,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $188,752
9.4%
Program Services $0
Investment Income $29
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,823,395
90.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,155,667
Total Liabilities $2,260,993
Net Assets $7,894,674
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0
John Terry (Secretary) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Theodore Shaffer (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,523,808
Expenses
$446,921
Net Income
$4,076,887
Net Assets
$6,358,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,523,808
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,097,253
Total Liabilities $3,739,151
Net Assets $6,358,102
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0
John Terry (Secretary) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Theodore Shaffer (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$882,746
Expenses
$485,160
Net Income
$397,586
Net Assets
$2,281,215
Notable Sources of Revenue Percent of Total Revenue
Contributions $882,738
100.0%
Program Services $0
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,877,559
Total Liabilities $2,596,344
Net Assets $2,281,215
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0
John Terry (Secretary) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Theodore Shaffer (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,977,246
Expenses
$324,985
Net Income
$1,652,261
Net Assets
$1,883,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,096,323
> 100%
Program Services $0
Investment Income $14,914
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$133,991
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,955,617
Total Liabilities $2,071,988
Net Assets $1,883,629
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Oswald Brown (Director) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Theodore Shaffer (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,746,257
Expenses
$5,083,617
Net Income
-$337,360
Net Assets
$231,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,734,607
99.8%
Program Services $0
Investment Income $4,150
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,500
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $510,428
Total Liabilities $279,060
Net Assets $231,368
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Oswald Brown (Director) $0 $0 $0
Anthony Rossley (Director) $0 $0 $0
Theodore Shaffer (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,868,001
Expenses
$7,728,497
Net Income
$139,504
Net Assets
$907,089
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,861,309
99.9%
Program Services $0
Investment Income $6,692
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,287,310
Total Liabilities $5,380,221
Net Assets $907,089
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Vincent P Deangelis (Secretary) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Joseph Aceto (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Oswald Brown (Director) $0 $0 $0
Brien T Day (Director) $0 $0 $0
Theodore Shaffer (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$275,967
Expenses
$630,227
Net Income
-$354,260
Net Assets
$1,483,167
Notable Sources of Revenue Percent of Total Revenue
Contributions $748,294
> 100%
Program Services $0
Investment Income $729
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$473,056
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,686,548
Total Liabilities $203,381
Net Assets $1,483,167
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Nutcher (Treasurer) $0 $0 $0
Vincent P Deangelis (Secretary) $0 $0 $0
Steven Rolnick (President) $0 $0 $0
Thomas Cariglio (Vice President) $0 $0 $0
Marilyn Ferguson (Director) $0 $0 $0
Eric West (Director) $0 $0 $0
Oswald Brown (Director) $0 $0 $0
Brien T Day (Director) $0 $0 $0
Theodore Shaffer (Director) $0 $0 $0
Robert Leighton (Director) $0 $0 $0
Dale Kroop (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,422,571
Expenses
$2,019,245
Net Income
$403,326
Net Assets
$1,837,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,542,940
> 100%
Program Services $0
Investment Income $3,399
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$123,768
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,661,258
Total Liabilities $823,831
Net Assets $1,837,427

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,072,657
Expenses
$1,654,766
Net Income
$1,417,891
Net Assets
$1,434,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,970,899
96.7%
Program Services $0
Investment Income $6,058
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,800
0.1%
Net Fundraising $0
Sales of Assets $91,900
3.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,191,513
Total Liabilities $757,412
Net Assets $1,434,101

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,287
Expenses
$230,467
Net Income
$4,820
Net Assets
$16,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $232,060
98.6%
Program Services $0
Investment Income $3,227
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,663,045
Total Liabilities $1,646,835
Net Assets $16,210

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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