Program areas at Conncorp LLC
Food service - orchid hospitality continues to provide food services for the local community through it's catering company, petal's market , and orchid caf. It has grown to a staff of over 20 people, many of which were trained through our related culinary program.
Conncat place on dixwell - Conncorp has broken ground and started construction on the first building as part of a major mixed-use development. The development will include a training center, 184 units of housing, performing arts center, a grocery,various retail and a daycare center.
Economic impact lab - the lab has successfully partnered with quinnipiac university to establish a robust entrepreneurial training program, which graduated 40 clients this past year. The lab has also hosted ongoing business related seminars, and provided technical support through it's business incubator. The lab was also successful in obtaining a $4million sba grant, primarily to complete the renovation of two more floors to be used as incubator space to meet the growing demand.
Conncorp is focused on economic development in new haven. Conncorp was designed to advance conncat's mission to provide opportunities to new haven's underserved residents. Additional key activities include the acquisition and revitalization of commercial properties as well as investment in new and existing local community-based businesses. Conncorp also seeks to attract businesses to new haven and, ultimately, to catalyze and support a place-based impact investing ecosystem in the city.
Who funds Conncorp LLC
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| The Connecticut Project | 2023-12 | Grant To Wealth Solutions Accelerator Partnership That Will Support Ideas/intitatives To Address Racial Wealth Gaps | $250,000 |
| Dalio Family Fund | 2022-12 | Restricted To Support the Economic Justice Fund | $100,000 |
Personnel at Conncorp LLC
| Name | Title | Compensation | Date of data |
|---|
| Erik Clemons | Chief Executive Officer | $311,651 | 2025-01-23 |
| Paul McCraven | Chief Operating Officer | $175,000 | 2025-01-23 |
| Anna Blanding | Chief Investment Officer | $240,001 | 2025-01-23 |
| Ian Williams | Vice President of Real Estate | $102,500 | 2025-01-23 |
| Gideon Gebreyesus | Vice President | $110,154 | 2025-01-23 |
| ...and 6 more key personnel |
Financials for Conncorp LLC
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $4,772,565 | $7,378,638 | -35.3% |
| Program services | $502,559 | $275,370 | 82.5% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $310,962 | $-486,909 | 163.9% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $1,124 | $1,001 | 12.3% |
| Total revenues | $5,587,210 | $7,168,100 | -22.1% |
Organizations like Conncorp LLC
| Organization | Type | Location | Revenue |
|---|
| College Hill Community Urban Redevelopment Corporation (CHCURC) | 501(c)(3) | Cincinnati, OH | $2,036,754 |
| RDC Commercial Center | 501(c)(3) | Brooklyn, NY | $4,484,188 |
| Community Investment Corporation | 501(c)(3) | Tucson, AZ | $2,069,939 |
| Chicago Neighborhood Initiatives | 501(c)(3) | Chicago, IL | $3,776,635 |
| Destination Medical Center Economic Development Agency | 501(c)(3) | Rochester, MN | $4,963,508 |
| Washington Area Community Investment Fund | 501(c)(3) | Washington, DC | $7,616,507 |
| Buffalo Place | 501(c)(3) | Buffalo, NY | $1,758,834 |
| Greater Winston-Salem Development Corporation | 501(c)(3) | Winston Salem, NC | $1,620,487 |
| Valley Partners | 501(c)(3) | Youngstown, OH | $8,153,238 |
| Northfield Community Local Development Corporation of Staten Island | 501(c)(3) | Staten Island, NY | $1,898,705 |
Data update history
January 25, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 24, 2025
Updated personnel
Identified 6 new personnel
January 17, 2025
Updated personnel
Identified 1 new personnel
January 2, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Dalio Family Fund Nonprofit Types
Business and community development organizationsReal estate organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 4 Science Park
- New Haven, CT 06511
- Metro area
- New Haven-Milford, CT
- County
- South Central Connecticut Planning Region, CT
- Website URL
- conncorp.org/Â
- Phone
- (203) 823-9823
IRS details
- EIN
- 82-3795053
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2021
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 5313: Real Estate Services
- Parent/child status
- Central organization
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