Public Charity

SAVIN ROCK COMMUNITIES INC

SAVIN ROCK COMMUNITIES INC is a Public Charity headquartered in WEST HAVEN, CT. Financial data from the 2024 filing: $6.9M revenue, $5.8M expenses, $44.7M total assets.

EIN: 473073109 WEST HAVEN, CT Low-Income & Subsidized Rental Housing NTEE: L21 Latest filing: 2024
Total Revenue$6.9M
Total Expenses$5.8M
Total Assets$44.7M
Grant Records0
Filing Years2020–2024

Mission

TO PROVIDE SAFE, SANITARY AND SUITABLE LIVING ACCOMMODATIONS TO PERSONS OF LOW, MODERATE AND MIDDLE INCOME IN THE STATE OF CONNECTICUT THROUGH THE OWNERSHIP, CONSTRUCTION, DEVELOPMENT, RENOVATION, IMPROVEMENT, SPONSORSHIP, FINANCING, REFINANCING, MANAGEMENT, LEASING AND OPERATION OF CERTAIN PIECES OR PARCELS OF REAL PROPERTY.

Where $100 goes at Savin Rock Communities Inc

How Savin Rock Communities Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$85 Programs the work itself
$15 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $85 for programs

$57
Providing affordable housing at surfside apartments owned by the organization through its wholly owned subsidiary, savin rock LLC
66% of program spending
$20
Providing affordable housing at john prete apartments owned by the organization through its wholly owned subsidiary, john prete apartments LLC
24% of program spending
$8
The organization is a general partner in the meadow landing partnership and provides management services to meadow landing partnership
10% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Douglas Ruickoldt
DIRECTOR Harold Burns
PRESIDENT John Counter
DIRECTOR John O'connor
DIRECTOR Rosemarie Paine
TREASURER Wayne Orio

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $6.9M $5.8M $44.7M
2023 $4.9M $3.0M $21.3M
2022 $4.3M $2.1M $7.5M
2021 $4.2M $2.3M $4.9M
2020 $545K $295K $3.0M

Between 2020 and 2024, reported annual revenue grew from $545K to $6.9M (+1161%), with total assets most recently reported at $44.7M.

Interactive year-over-year charts and full filing details available with membership.

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