Hartford Business Journal

18 Hartford Business Journal • October 8, 2018 • www.HartfordBusiness.com The Hartford Foundation for Public Giving has launched a new investment arm that will include collaborative investments in companies, organizations and funds that officials say will expand the regional community chest's support of affordable housing and economic development. The foundation announced it invested $4 million into HFPG Impact LLC, a subsidiary the Hartford Foundation will use to increase investments within its 29-municipality footprint. The new arm represents a pivot in the foundation's strategy under a relatively new leader, Jay Williams, who was named president in July 2017. The foundation has traditionally focused on funding nonprofits or school districts in north central Connecticut. Billed as "HFPG Impact! Greater Hartford," the initiative will invest in companies and organizations with projects aimed at supporting affordable housing, economic development and creating additional access to capital for business and entrepreneurship growth for underserved residents. Two Hartford nonprofits devoted to sheltering and serving homeless and needy people and families in the Greater Hartford region have merged to form Community Housing Advocates (CHA) Inc. My Sisters' Place Inc. and Mercy Housing and Shelter Corp. recently announced their "proactive step'' in combining two fiscally healthy organizations into a single one. Mercy Housing Executive Director Judith Gough is now CHA's CEO. Kathleen Shaw, formerly vice president of program and operations for My Sisters' Place, is CHA's chief operating officer. Despite the merger, CHA said individual facilities, programs and services will continue to be operated as affiliates under the current and respective names of My Sisters' Place and Mercy Housing and Shelter. Both organizations will also maintain their own separate tax identities and 501(c) (3) status. Nonprofit Notebook NONPROFIT PROFILE Hartford Symphony Orchestra 166 Capitol Ave., Hartford | hartfordsymphony.org Mission To enrich lives and community through music. Top Executive Steve Collins, Executive Director Services Live concerts, education and community programs. FY 2017 SUMMARY 2016 2017 Total Employees 224 276 Total Assets $5,305,222 $6,847,341 Total Liabilities $932,109 $1,317,148 REVENUES Contributions & Grants $2,266,903 $3,626,264 Program Service Revenue $1,698,761 $1,471,845 Investment Income $(74,856) $253,581 Other $(8,297) $(8,296) Total $3,882,511 $5,343,394 EXPENSES Grants $0 $0 Member Benefits $0 $0 Salaries/Employee Benefits $2,651,497 $2,542,282 Fundraising Fees $45,450 $43,020 Other $2,305,913 $1,758,967 Total $5,002,860 $4,344,269 Margin $(1,120,349) $999,125 TOP PAID EXECUTIVES (FY 2017) Base salary Comp. & Benef. Carolyn Kuan, Music Director $166,182 $169,645 Steve Collins, Executive Director $106,303 $111,957 Source: Guidestar IRS 990 Tax Form Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 The Belknap White Group, Hartford, CT | 2012 | 15,300 sq. ft. Northeast Beverage, Orange, CT 2006 | 97,000 sq. ft. Contact us at 1-855-BUILD-86 or visit us on the web. WE PROVIDE CT BUSINESS LEADERS WITH THE INFORMATION THEY NEED TO SUCCESSFULLY RUN THEIR BUSINESS. ARE YOU IN THE KNOW? SUBSCRIBE BY GOING TO WWW.HARTFORDBUSINESS.COM CLICK ON "SUBSCRIBE"

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