2020-02-04T09:55:12-06:00 2019-05-31 060903326 WHITTLESEY PC 280 TRUMBULL ST 24TH FL HARTFORD CT 06103 990 2018-06-01 060919160 HEDCO INC HEDC 8605271301 15 LEWIS STREET HARTFORD CT 06103 FERNANDO ROSA PRESIDENT & CEO 8605271301 2020-02-04 1 SHERIDAN SHAUN P01340755 8605223111 72.166.67.10 2020-02-04 10:54:16 ES P 1D3BC522C51437ED34B093846D57C2B2DF0D76BA 8F43BD30B09BF9F8D456507612EACC911EC2461B 2018 2020-09-23 17:36:50Z FERNANDO ROSA 15 LEWIS STREET HARTFORD CT 06103 3999361 0 X HEDCOINC.COM X 1975 CT TO ORGANIZE AND PROMOTE FURTHER ECONOMIC GROWTH. 17 16 11 0 0 6601 2507003 3376186 707139 594467 46945 28708 0 0 3261087 3999361 0 377855 0 0 1075664 1017093 0 0 0 1229524 968719 2305188 2363667 955899 1635694 34886548 35809632 16200419 15522788 18686129 20286844 TO PROMOTE AND FURTHER THE ECONOMIC DEVELOPMENT OF SMALL BUSINESSES AND ORGANIZATIONS THROUGHOUT THE REGIONS OF THE STATE OF CONNECTICUT AND TO ENGAGE AND ASSIST IN THE ESTABLISHMENT, GROWTH AND DEVELOPMENT OF SMALL BUSINESSES WITHIN THE CITY OF HARTFORD, CONNECTICUT. 0 0 1951631 377855 594467 LOAN PROGRAMS PROVIDE SMALL BUSINESS CLIENTELE WITH ACCESS TO CAPITAL NEEDS THAT WOULD BE OTHERWISE UN-MET OR UNDER-SERVED. THESE LOAN PROGRAMS ALSO PROVIDE HOPE AND OPPORTUNITY FOR PEOPLE TO REALIZE THEIR DREAM BUSINESS, CREATE FINANCIAL FREEDOM AND CONTRIBUTE TO THEIR COMMUNITIES THROUGH JOB CREATIONS AND NEEDED SERVICES. IN ADDITION TO SMALL BUSINESSES, NON-PROFITS ARE ALSO BEING ASSISTED THROUGH THESE PROGRAMS. 1951631 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 11 1 1 1 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X FERNANDO ROSA 8605271301 15 LEWIS STREET HARTFORD CT 06103 FERNANDO ROSA PRESIDENT & CEO 40.00 X X 157250 0 19705 BARBARA RANDOLPH CHAIRPERSON 1.00 X X 0 0 0 ERIC M BAUER VICE CHAIR 1.00 X X 0 0 0 MARIANNE STOWELL TREASURER 1.00 X X 0 0 0 EDWARD J SAMORAJCZYK SECRETARY 1.00 X X 0 0 0 PAUL PERAKOS ASST. SECRETARY 1.00 X X 0 0 0 WAYNE BENJAMIN ASST. TREASURER 1.00 X X 0 0 0 JULIO MENDOZA CHAIR, NOMINATING COMMITTEE 1.00 X X 0 0 0 ALAN LAZOWSKI DIRECTOR 1.00 X 0 0 0 MICHAEL J CASPARINO DIRECTOR 1.00 X 0 0 0 JEFF HUBBARD DIRECTOR 1.00 X 0 0 0 DONALD W CHAPMAN DIRECTOR 1.00 X 0 0 0 NICHOLAS SEMINARA DIRECTOR 1.00 X 0 0 0 PAULINE YODER DIRECTOR 1.00 X 0 0 0 ANDREAS KAPETANOPOULOS DIRECTOR 1.00 X 0 0 0 MICHELE M FREY DIRECTOR 1.00 X 0 0 0 SHEILA S HUMMEL DIRECTOR 1.00 X 0 0 0 KIM HAWKINS VICE PRESIDENT & COO 40.00 X 152659 0 19963 309909 0 39668 2 0 1 0 0 3205686 170500 3376186 LOAN INTEREST INCOME 525990 426802 426802 SERVICE FEES 525990 167665 167665 594467 28708 28708 3999361 594467 0 28708 X 377855 377855 349577 288366 61211 461959 381070 80889 34774 28685 6089 116575 96163 20412 54208 44716 9492 35181 35181 45400 45400 257356 182959 74397 2275 1982 293 65801 43876 21925 141778 94552 47226 20683 18019 2664 14313 12469 1844 15228 13281 1947 LOAN LOSS PROVISION 347004 347004 FORECLOSED PROPERTY COS 10556 10556 CHARITABLE CONTRIBUTION 10078 10078 MISCELLANEOUS 3066 3066 2363667 1951631 412036 0 7563284 10280031 2782287 685002 14001 42684 23608443 23924543 195600 170600 325710 291517 33064 34193 609869 592579 80000 80000 34886548 35809632 210700 181080 15948858 15300847 40861 40861 16200419 15522788 X 11963619 13906582 6722510 6380262 18686129 20286844 34886548 35809632 1635694 -34979 0 X X 0 1 X 1 0 X 3109639 3766864 5672478 2507003 3376186 18432170 969676 926420 741855 724717 951841 4314509 4079315 4693284 6414333 3231720 4328027 22746679 0 0 0 22746679 19051 15687 18619 46945 28708 129010 19051 15687 18619 46945 28708 129010 4098366 4708971 6432952 3278665 4356735 22875689 0.99440 0.99430 0.00560 0.00570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 315619 281426 34193 10091 10091 0 34193 REFUNDABLE ADVANCES 40861 40861 3964382 -34979 -34979 3999361 0 3999361 2363667 0 2363667 0 2363667 0 SPANISH AMERICAN MERCHANTS ASSOCIATION 95 PARK ST HARTFORD CT 06103 061390672 377855 PARTNER DISBURSEMENT. 1 X 0 0 0 0 0 0 0 0 0 FERNANDO ROSA PRESIDENT & CEO 148750 0 8500 0 0 0 8077 0 11628 0 176955 0 0 0 KIM HAWKINS VICE PRESIDENT & COO 144159 0 8500 0 0 0 7871 0 12092 0 172622 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 FOR COMPLETENESS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C UPON ELECTION AND TO BE UPDATED ANNUALLY. ALL DIRECTORS OR OFFICERS OF THE CORPORATION MUST DISCLOSE ANY POTENTIAL CONFLICT BETWEEN HIS OR HER OWN INDIVIDUAL INTEREST, THOSE OF AN IMMEDIATE FAMILY MEMBER, OR THOSE OF A RELATED PARTY AND THE INTEREST OF THE CORPORATION, FULL DISCLOSURE OF ALL FACTS PERTAINING TO SUCH POTENTIAL CONFLICT SHALL BE MADE TO THE BOARD OF DIRECTORS. FACT-GATHERING AND SUBSEQUENT REVIEW BY THE BOARD OF DIRECTORS WILL DETERMINE WHETHER OR NOT AN ACTUAL CONFLICT EXISTS OR WOULD OCCUR. FORM 990, PART VI, SECTION B, LINE 15 PERFORMANCE REVIEWS AND SALARY ADJUSTMENT RECOMMENDATIONS ARE PREPARED BY THE VICE PRESIDENT/COO FOR THE STAFF OF THE ORGANIZATION. THESE REVIEWS AND RECOMMENDED COMPENSATION ARE PRESENTED TO THE PRESIDENT/CEO. THE PRESIDENT/CEO PREPARES A REVIEW FOR THE VICE PRESIDENT/COO FOR HER COMPENSATION. THE RECOMMENDATIONS ARE FORWARDED TO THE HEDCO BOARD OF DIRECTORS' CHAIRMAN FOR APPROVAL. THE CHAIRMAN AND THE EXECUTIVE COMMITTEE REVIEW, APPROVE OR AMEND AND FORWARD AUTHORIZATIONS TO IMPLEMENT THE CHANGES INCLUSIVE OF ANY BONUS ADJUSTMENTS. APPRAISAL OF THE PRESIDENT/CEO AND ANY AGREED UPON COMPENSATION ADJUSTMENTS ARE APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST IN THE FORM OF HARD COPIES KEPT AT THE OFFICE. FORM 990, PART IX, LINE 11G GRANT UNDERWRITER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 33,756. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,756. JOINT LONG RANGE PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,085. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,085. CONSULTING: PROGRAM SERVICE EXPENSES 182,959. MANAGEMENT AND GENERAL EXPENSES 24,603. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 207,562. CREDIT REPORT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,953. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,953. FORM 990, PART XII, LINE 2C: AUDITORS PRESENT TO MANAGEMENT AND BOARD OF DIRECTORS.