Southmayd Home Inc
- Assets
- $14.0m
- Revenue
- $1.9m
- Investments
- $13.5m
- Employees
- 0
- Location
- Waterbury, CT
- Founding
- 05/1939
- Data as of
- 09/2021
- EIN
- 06-0646903
Organization Overview
Southmayd Home Inc is located in Waterbury, CT. The organization was established in 1939. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southmayd 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 09/2021, Southmayd Home Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.5m during the year ending 09/2021. While expenses have increased by 1.3% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME FOR AGED-TOTAL BED CAPACITY IS 35
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Cunningham Executive Di | 40 | $87,937 | |
Jacqueline Rayna Gough Rn Superviso | 40 | $71,784 | |
Tatecia Cunningham Kitchen Supe | 40 | $55,304 | |
Cheryl Marquis Lead Head Ai | 40 | $51,858 | |
Mary Ann Chiarella President | 0 | $0 | |
Patricia Emons Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,363 |
| Interest on Savings | $0 |
| Dividends & Interest | $209,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,111,476 |
| Capital Gain Net Income | $1,111,476 |
| Net ST Capital Gain | $34,967 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $469,734 |
| Total Revenue | $1,913,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,937 |
| Other employee salaries and wages | $758,832 |
| Pension plans, employee benefits | $142,579 |
| Interest | $4,486 |
| Taxes | $0 |
| Depreciation | $37,903 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $375,053 |
| Total operating and administrative expenses | $1,483,250 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,483,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235 |
| Savings and temporary cash investments | $66,616 |
| Net Accounts receivable | $3,856 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $3,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $650,293 |
| Net Land, buildings, and equipment | $469,814 |
| Other assets | $14,500 |
| Total assets | $14,038,945 |
| Accounts payable and accrued expenses | $62,642 |
| Grants payable | $0 |
| Deferred revenue | $25,079 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $40,096 |
| Other liabilities | $0 |
| Total liabilities | $127,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southmayd Home Inc has recieved totaling $21,541.
| Awarding Organization | Amount |
|---|---|
Sarah V Chipman Tr 59-3301969 Fbo Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $21,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |
Grand Street Guild Hdfc Inc Garden City, NY | $33,829,247 | $10,532,897 |
Aishes Chayil Dkiryas Joel Mothers Relief Center Inc Monroe, NY | $15,335,659 | $8,593,002 |
Eger Harbor House Inc Staten Island, NY | $7,548,241 | $1,243,763 |