2022-11-15T08:49:57-06:00 2021-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-01-01 222809353 BRIDGEPORT NEIGHBORHOOD TRUST BRID 2032904255 570 STATE STREET BRIDGEPORT CT 06604 DORIS LATORRE CHIEF EXECUTIVE OFFICER 2032904255 2022-11-14 1 DORIS LATORRE XXX-XX-XXXX MICHAEL PRUELL CPA P01585061 5083669100 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DORIS LATORRE 570 STATE STREET BRIDGEPORT CT 06604 6207969 0 X WWW.BNTWEB.ORG X 1986 CT BRIDGEPORT NEIGHBORHOOD TRUST WORKS TO END HOUSING INSECURITY, INCOME INEQUALITY AND HOMELESSNESS BY CREATING SAFE, AFFORDABLE HOUSING AND PROVIDING COMPREHENSIVE FINANCIAL AND HOUSING COUNSELING SERVICES. 9 9 47 7 0 0 1877783 3122494 2078064 2408303 2419 226403 -10792 227860 3947474 5985060 0 0 0 0 1275366 1401172 0 0 0 2740769 3796868 4016135 5198040 -68661 787020 32086902 32575822 12410595 12112495 19676307 20463327 X BRIDGEPORT NEIGHBORHOOD TRUST WORKS TO END HOUSING INSECURITY, INCOME INEQUALITY AND HOMELESSNESS BY CREATING SAFE, AFFORDABLE HOUSING AND PROVIDING COMPREHENSIVE FINANCIAL AND HOUSING COUNSELING SERVICES. 0 0 3443417 2248179 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. AS OF DECEMBER 31, 2021, 238 APARTMENTS AND 20,000 SQUARE FEET OF COMMERCIAL SPACE ARE IN SERVICE. 583486 396420 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 2021, BNT COMPLETED TWO PROJECTS, 273 WEST AVE (WEST LIBERTY COMMONS) AND 94 PARK TERRACE, 102 PARK TERRACE (PARK TERRACE HOMES) AND CONTINUED TWO WORK ON TWO MORE PROJECTS (SOUTH END COMMONS AND EAST MAIN STREET REDEVELOPMENT). 447058 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 2021, ERA ALSO BEGAN ASSISTING THE STATE WITH SOLICITATION, APPLICATION, PROCESSING, AND COUNSELING RELATED TO RESIDENT RENT RELIEF PROGRAMS RELATED TO COVID19. 27813 9559 SOCIAL ENTERPRISE GROUP - PROVIDED GOODS AND SERVICES CURRENTLY NOT BEING OFFERED IN THE COMMUNITY AND JOBS WITH OWNERSHIP POTENTIAL THAT WILL PROVIDE ECONOMIC STABILITY. 27813 9559 4501774 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 22 0 1 47 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 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 DORAN WRIGHT TRUSTEE/VICE PRESIDENT 2.00 X X 0 0 0 STEVE GRATHWOHL PRESIDENT (AS OF 1/21) 2.00 X X 0 0 0 DEBORAH CLANCY TREASURER 2.00 X X 0 0 0 CAROL J HELLER TRUSTEE/SECRETARY 2.00 X X 0 0 0 DEBORAH CAVINESS TRUSTEE 2.00 X 0 0 0 TERENCE FLOYD TRUSTEE 2.00 X 0 0 0 CHIP PARIS TRUSTEE 2.00 X 0 0 0 CARMEN NIEVES DIRECTOR 2.00 X 0 0 0 CHARLES BRELAND DIRECTOR 2.00 X 0 0 0 NOAH E GOTBAUM CEO (THRU NOV. 2021) 40.00 X 190806 0 40582 DORIS LATORRE CEO (BEG. NOV. 2021) 40.00 X 108410 0 14856 299216 0 55438 2 0 1 0 CORE CONSTRUCTION 25 ROBERT JACKSON WAY PLAINVILLE CT 06062 CONSTRUCTION 809537 CONSTRUCTION MANAGEMENT SYSTEMS OF AMERI 4 FLEET STREET WATERBURY CT 06704 CONSTRUCTION 249067 G&S RESTORATION 813 ROBERT TREAT DRIVE ORANGE CT 06477 CONSTRUCTION 214050 TLC SERVICES PO BOX 5107 BRIDGEPORT CT 06610 CONSTRUCTION 170176 4 151704 521175 2449615 3122494 RENTAL INCOME 624229 2068722 2068722 PROJECT MANAGEMENT AND 624229 196420 196420 RESIDENT AND PROGRAM S 624229 143161 143161 2408303 317 317 431000 204914 226086 226086 226086 0 151704 17995 -17995 -17995 DEBT FORGIVENESS 531390 200000 200000 INSURANCE PROCEEDS 900099 36296 36296 MISCELLANEOUS 900099 9559 9559 245855 5985060 2654158 0 208408 344096 172048 172048 870369 773573 96796 17853 17853 97537 78761 18776 71317 35858 35459 108356 108356 123341 76082 47259 224522 96131 128391 138223 128557 9666 36416 13777 22639 101870 92921 8949 1395476 1334584 60892 26944 737 26207 205333 190334 14999 763859 762384 1475 348378 315312 33066 BAD DEBTS 314227 314227 PROGRAM EXPENSES 8132 8132 MISCELLANEOUS 1791 1791 5198040 4501774 696266 0 675530 734347 467061 514058 667950 444869 138176 35015 33669288 4777566 21143307 28891722 100 100 8994778 1955711 32086902 32575822 570840 756187 11188044 10706324 651711 649984 12410595 12112495 X 1294184 2332204 18382123 18131123 19676307 20463327 32086902 32575822 787020 0 X X 0 1 X 1 0 X 994232 737500 927404 1877783 3122494 7659413 994232 737500 927404 1877783 3122494 7659413 1176274 6483139 1365 4549 6393 2419 317 15043 7674456 13018553 0.84480 0.92130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 285750 285750 32851506 4507227 28344279 479235 217542 261693 52797 52797 0 28891722 DEVELOPMENT PROPERTIES 1384550 DUE FROM AFFILIATES 239794 RESTRICTED RESERVES 31053 RESIDENT SECURITY DEPOSITS 110314 OTHER 190000 1955711 LINES OF CREDIT 649984 649984 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, 2021. VIRTUAL GALA 151704 151704 3495 1890 12610 151704 151704 3495 1890 12610 17995 -17995 X 0 0 0 0 0 0 0 0 0 NOAH E GOTBAUM CEO (THRU NOV. 2021) 186960 0 3846 0 0 0 9577 0 31005 0 231388 0 0 0 ELIZABETH TORRES FORMER CEO 70795 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 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 BELL STREET LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 33130 287141 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 LAFAYETTE STREET HOMES LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 140652 1935487 BRIDGEPORT NEIGHBORHOOD TRUST MHA WASHINGTON PARK LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 80832 1293259 BRIDGEPORT NEIGHBORHOOD TRUST PEQUONNOCK DEVELOPMENT LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 0 0 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 VILLAS LLC 570 STATE STREET BRIDGEPORT CT 06604 222809353 REAL ESTATE HOLDING CT 160481 548187 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 499916 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 -87 0.75000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1