Overview
What is Chrysalis Center Real Estate Corporation?
Chrysalis Center Real Estate Corporation serves as the operational headquarters for Chrysalis Center, Inc., a multifaceted nonprofit organization based in Hartford, Connecticut. The real estate corporation plays a dual role as an affordable housing developer and a holding company for Chrysalis Center, Inc. The primary mission of Chrysalis Center, Inc. is to provide community programs and services to individuals and families in need, addressing challenges such as mental illness, substance abuse, HIV/AIDS, homelessness, and return from incarceration. The organization offers support in five core areas: community case management, supportive housing services, employment services, recovery services, and community connections. Chrysalis Center, Inc. assists over 4,000 individuals annually, helping them recover and remain productive and stable in their communities. The real estate corporation's role is integral in providing affordable housing solutions for this nonprofit organization.
Is Chrysalis Center Real Estate Corporation legitimate?
Chrysalis Center Real Estate Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Chrysalis Center Real Estate Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Chrysalis Center Real Estate Corporation?
Chrysalis Center Real Estate Corporation serves as both a real estate developer and a holding company for affordable housing for the Chrysalis Center, Inc., a multi-service non-profit organization. Its mission is to support the work of Chrysalis Center, Inc. by providing operational headquarters and developing affordable housing. The corporation's primary goal is to assist individuals and families in need, facing challenges such as mental illness, substance abuse, HIV/AIDS, homelessness, and return from incarceration. By offering community case management, supportive housing services, employment services, recovery services, and community connections, Chrysalis Center Real Estate Corporation aids these individuals in recovering and becoming productive members of their communities. The organization is accredited by the Commission for Accreditation of Rehabilitative Facilities in three areas: community case management, supportive housing services, and community-based rehabilitative services.
Who is the CEO of Chrysalis Center Real Estate Corporation?
Sharon Castelli is the Chair of Chrysalis Center Real Estate Corporation. The CEO's salary of Chrysalis Center Real Estate Corporation is $0 and their total compensation is $298,658.
What is the revenue of Chrysalis Center Real Estate Corporation?
Chrysalis Center Real Estate Corporation's revenue in 2022 was $6,009,738.
Who are the executives of Chrysalis Center Real Estate Corporation and what are their salaries?
Here are 10 key members and their salaries (Chrysalis Center Real Estate Corporation's CEO's salary is $0 and their total compensation is $298,658):
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- Related: $266,700
- Other: $31,958
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- Related: $174,369
- Other: $37,425
Where can I find the form 990 for Chrysalis Center Real Estate Corporation?
Chrysalis Center Real Estate Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chrysalis Center Real Estate Corporation
Chrysalis Center Real Estate Corporation serves a unique role as both a real estate housing developer and a holding corporation for the Chrysalis Center, Inc., a multi-service non-profit organization. This corporation's mission is to provide affordable housing solutions for individuals and families in need, aligning with the broader mission of the Chrysalis Center, Inc. to support those facing challenges such as mental illness, substance abuse, HIV/AIDS, homelessness, and return from incarceration.
The Chrysalis Center Real Estate Corporation maintains operational headquarters for Chrysalis Center, Inc. at 255 Homestead Avenue in Hartford and a satellite office at 1338 Baldwin Avenue in Waterbury. This real estate corporation is integral to the Chrysalis Center's efforts, ensuring that they have the necessary resources to deliver services in five core areas: community case management, supportive housing services, employment services, recovery services, and community connections. By providing affordable housing, the corporation enables the Chrysalis Center, Inc. to serve over 4,000 individuals each year, empowering them to recover and remain productive and stable in their community.
The Chrysalis Center Real Estate Corporation's commitment to affordable housing reflects the broader mission of the Chrysalis Center, Inc. to support individuals and families in need. Through its role as a real estate developer and holding corporation, the Chrysalis Center Real Estate Corporation plays a vital part in the Chrysalis Center's efforts to promote recovery, stability, and overall well-being for its clients.
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Impact
October, 2024
Chrysalis Center Real Estate Corporation plays a significant role in enhancing community well-being and stability in Hartford and Greater Hartford, Connecticut. By serving as both a real estate housing developer and a holding corporation, it provides essential operational and residential spaces that support the initiatives of the Chrysalis Center, Inc.
The organization maintains critical facilities, including the operational headquarters at 255 Homestead Avenue in Hartford and a satellite office at 1338 Baldwin Avenue in Waterbury. These locations are crucial for executing various community programs aimed at addressing significant issues such as mental illness, substance abuse, HIV/AIDS, homelessness, and reintegration for individuals returning from incarceration.
Chrysalis Center Real Estate Corporation's impact extends beyond property management; it embodies a commitment to creating affordable housing options that are integral to the well-being of over 4,000 individuals annually. By ensuring that the facilities meet the needs of the Chrysalis Center's programs—such as community case management, supportive housing services, employment services, recovery services, and community connections—they help individuals access the right support systems necessary for recovery and stability.
Through its initiatives, Chrysalis Center Real Estate Corporation not only contributes to community improvement but also fosters a supportive environment that empowers individuals and families to overcome challenges and lead productive lives. This infrastructure underpins the organization's accreditation by the Commission for Accreditation of Rehabilitation Facilities, further emphasizing its dedication to quality and effective service delivery within the community.
This information is meant to be a general summary of Chrysalis Center Real Estate Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,325
- Program Service Revenue: $2,243,927
- Gross Receipts: $6,009,738
Assets and Liabilities:
- Total Assets: $47,837,141
- Total Liabilities: $22,679,394
- Net Assets: $25,157,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT RENTAL REIMBURS
Revenue
$1,718,097
LEASING INCOME
Revenue
$525,830
Organization Details
Founding Year
2003
Phone
(860) 263-4400Principal Officer
Sharon Castelli
Main Address
255 HOMESTEAD AVENUE PO BOX 3206, HARTFORD, CT, 06132
NTEE Category
Code: S47 - Community improvement
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