The Bradley Home
- Assets
- $30.3m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 121
- Location
- Meriden, CT
- Founding
- 10/1936
- Data as of
- 09/2023
- EIN
- 06-0646552
Organization Overview
The Bradley Home is located in Meriden, CT. The organization was established in 1936. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Bradley Home employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradley Home 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 09/2023, Bradley Home generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $9.2m during the year ending 09/2023. 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 A COMPASSIONATE COMMUNITY WHERE LOVING CARE ENABLES AGED AND INDIGENT INDIVIDUALS FROM MERIDEN AND CONNECTICUT TO LIVE WITH DIGNITY IN A SECURE, HOMELIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING A HOME AND PROVIDING CARE FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Savard Executive Director Until 1/7/23 | Officer | 40 | $207,126 |
Carol Nelligan Director Of Nursing | 40 | $146,735 | |
Anne Dembski Chief Operations Officer | Officer | 40 | $127,684 |
Ellen Dennis Rn | 40 | $108,214 | |
John Miller CEO As Of 04/2023 | Officer | 40 | $0 |
Joseph Feest Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,051,089 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,095 |
| Total Program Service Revenue | $4,683,476 |
| Investment income | $517,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,473 |
| Net Gain/Loss on Asset Sales | -$512,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,891,291 |
| 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. | $370,627 |
| Compensation of current officers, directors, key employees. | $70,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,881,755 |
| Pension plan accruals and contributions | $100,771 |
| Other employee benefits | $502,253 |
| Payroll taxes | $311,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,277 |
| Fees for services: Accounting | $140,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,826 |
| Fees for services: Other | $277,422 |
| Advertising and promotion | $0 |
| Office expenses | $65,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $535,872 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,708 |
| Interest | $64,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,733 |
| Insurance | $141,127 |
| All other expenses | $513,843 |
| Total functional expenses | $9,162,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667 |
| Savings and temporary cash investments | $634,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $334,974 |
| 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 | $18,554 |
| Net Land, buildings, and equipment | $11,882,788 |
| Investments—publicly traded securities | $17,332,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,711 |
| Total assets | $30,307,211 |
| Accounts payable and accrued expenses | $1,460,312 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $102,711 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,641,543 |
| Unsecured mortgages and notes payable | $53,510 |
| Other liabilities | $0 |
| Total liabilities | $9,258,076 |
| Net assets without donor restrictions | $21,049,135 |
| Net assets with donor restrictions | $0 |
| 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 | $30,307,211 |