The Converse Home Inc
- Assets
- $9.3m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 170
- Location
- Burlington, VT
- Founding
- 03/2012
- Data as of
- 10/2023
- EIN
- 03-0179406
Organization Overview
The Converse Home Inc is located in Burlington, VT. The organization was established in 2012. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 10/2023, Converse Home Inc employed 170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Converse Home Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Converse Home Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $6.0m during the year ending 10/2023. While expenses have increased by 3.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OLDER PERSONS WITH A GRACIOUS HOME AND HIGH QUALITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ASSISTED LIVING AND MEMORY CARE COMMUNITY IS LOCATED IN A QUIET, RESIDENTIAL NEIGHBORHOOD IN THE SOUTHERN END OF BURLINGTON. WE HAVE BEAUTIFULLY LANDSCAPED GROUNDS THAT INCLUDE LARGE FLOWER AND VEGETABLE GARDENS, A GAZEBO AND MANY AREAS FOR OUR RESIDENTS TO ENJOY BEING OUTSIDE. WE ARE JUST MINUTES AWAY FROM THE UNIVERSITY OF VERMONT MEDICAL CENTER AND THE MANY ACTIVITIES AND CULTURAL OFFERINGS OF THE CITY. THE ORIGINAL PART OF THE CONVERSE HOME WAS BUILT IN 1799 AS A PRIVATE MANSION AND, AS ONE OF THE OLDEST BUILDINGS IN THE CITY, HOLDS A PLACE ON THE HISTORIC REGISTER. ESTABLISHED IN 1886 AS A PRIVATE, NON-PROFIT ORGANIZATION, WE ARE WELL KNOWN FOR OUR WARM, WELCOMING AND HOME-LIKE ATMOSPHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Curtis Director Of | 40 | $127,677 | |
Clayton Clark Until 102122 Executive Di | Officer | 40 | $100,144 |
Kellie Decicco As Of 92622 Co E.d. | Officer | 40 | $70,955 |
Vanessa Fortune As Of 9262022 Co E.d. | Officer | 40 | $71,926 |
Sarah Merritt President | OfficerTrustee | 2 | $0 |
Keller Mckenzie Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,881 |
| Noncash contributions included in lines 1a–1f | $2,606 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,866 |
| Total Program Service Revenue | $5,604,697 |
| Investment income | $56,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,880,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,781 |
| Compensation of current officers, directors, key employees. | $204,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,323,657 |
| Pension plan accruals and contributions | $49,053 |
| Other employee benefits | $405,669 |
| Payroll taxes | $270,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,347 |
| Fees for services: Other | $286,591 |
| Advertising and promotion | $5,343 |
| Office expenses | $12,914 |
| Information technology | $86,686 |
| Royalties | $0 |
| Occupancy | $358,953 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,190 |
| Interest | $194,513 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,639 |
| Insurance | $58,331 |
| All other expenses | $0 |
| Total functional expenses | $5,952,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,216 |
| Savings and temporary cash investments | $1,263,131 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,011 |
| Net Land, buildings, and equipment | $6,072,986 |
| Investments—publicly traded securities | $1,752,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,280,306 |
| Accounts payable and accrued expenses | $303,185 |
| Grants payable | $0 |
| Deferred revenue | $43,228 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $300,172 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,749,201 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,395,786 |
| Net assets without donor restrictions | $2,827,830 |
| Net assets with donor restrictions | $56,690 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,280,306 |