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Connecticut · Nonprofit

CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC

CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC (Connecticut) receives grants from 1 organization whose IRS filings report $20,000 to it, the largest being LIBERTY BANK FOUNDATION INC ($20,000). 0 of them have funded it in more than one year.

Revenue FY2025
$7.7M
Funders on record
1
Grants received
$20k
Net assets
$17M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What Chrysalis Center Housing Development Corporation Inc does

Mission

Chrysalis center housing development corporation (cchdc) is a private 501(c)3 housing development organization, established in 2020, that positively transforms urban and rural environments by developing affordable housing throughout connecticut. Cchdc focuses on building housing for the underserved and creates quality housing throughout connecticut that is safe and affordable and fosters a sense of home to create a healthy living environment.

As stated on its FY2025 Form 990.

Programs

  1. The berkowitz is the rehabilitation of a vacant, historic building featuring 24 studio, one and two-bedroom units, which opened in december 2023 and is located at 608 main street, in the little poland neighborhood of new britain, ct. All units are affordable housing at 50% ami. This project acts as a gateway to downtown new britain.

    $344,924 spent$289,668 earned by the program
    33% of program spending
  2. Murray on main consists of 16 one-bedroom units of affordable housing located at 699 main street. The building was the former murray department store. The building is located in the heart of downtown willimantic. The lower level of the building offers tenant space.

    $698,710 spent$184,451 earned by the program
    67% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,043,634.

02The organization over time

The organization over time

Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20232023 Revenue 100 ($4.9M) Expenses 100 ($13k) Net assets 100 ($4.9M)2024 Revenue 18 ($881k) Expenses 79 ($10k) Net assets 18 ($871k)2025 Revenue 155 ($7.7M) Expenses 8268 ($1.0M) Net assets 337 ($17M)
202320242025
Revenue (155)Expenses (8268)Net assets (337)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $2.3M to $25M (+971%).

$5.6M
$2.3M
$25M
202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2023 100% · 2024 100% · 2025 94%. Grants only. Government contracts and fees sit inside program revenue.

94% of CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.

$4.9M
’23
$871k
’24
$6.6M
’25
8.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Sharon Castelli

Chrysalis CEO

Board chair

Jean Wagner

Chair

As listed on its FY2025 Form 990.

202320242025
Listed7810
Joined·+1+4
No longer listed·02
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'23
total
funders
1

From the IRS filings of CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC's grant income comes from Connecticut funders.

CT

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC runs a healthier operating margin than three-quarters of the 2,196 housing & shelter nonprofits its size.

Operating margin86% · top quartile
Months of reserve8.8mo · above the median
Revenue growth (annualized)25% · top quartile

this organization peer median middle 50% of peers· 2,196 housing & shelter nonprofits $1M–$10M, FY2025

Organizations like CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Connecticut

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

7
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

CT

Part of a family of 5 related entities

  • The Berkowitz · disregarded
  • Chrysalis Center Inc · exempt
  • Chrysalis Center Real Estate Corporation · exempt
  • Murray on Main LLC · partnership
  • Murray 699 LLC · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC?
CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC (Connecticut) receives grants from 1 organization whose IRS filings report $20,000 to it, the largest being LIBERTY BANK FOUNDATION INC ($20,000). 0 of them have funded it in more than one year.
How many funders does CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC have?
IRS filings report 1 organization giving $20,000 in grants to CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC.
Who is the largest funder of CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC?
LIBERTY BANK FOUNDATION INC is the largest funder on record, with $20,000 in grants. The full list of funders is on this page.
How can an organization like CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Chrysalis Center Housing Development →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2023–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing