High Watch Recovery Center Inc
- Assets
- $67.0m
- Revenue
- $35.7m
- Investments
- $300.5k
- Employees
- 310
- Location
- Kent, CT
- Founding
- 03/1953
- Data as of
- 12/2022
- EIN
- 06-0674970
Organization Overview
High Watch Recovery Center Inc is located in Kent, CT. The organization was established in 1953. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, High Watch Recovery Center Inc employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Watch Recovery Center 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 12/2022, High Watch Recovery Center Inc generated $35.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $31.3m during the year ending 12/2022. While expenses have increased by 17.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HIGH WATCH RECOVERY CENTER IS DEDICATED TO SEEING THE DISEASE OF ADDICTION GO INTO REMISSION FOR EACH INDIVIDUAL WHO PASSES THROUGH OUR DOOR. WE ARE COMMITTED TO PROVIDING COMPASSIONATE CARE AS WE INTEGRATE THE LATEST BREAKTHROUGHS IN ADDICTION MEDICINE ALONGSIDE THE SPIRITUAL TEACHINGS OF AA'S 12 STEPS TO GIVE ALL PATIENTS THE TOOLS AND FOUNDATION TO LIVE SOBER AFTER LEAVING HIGH WATCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION OF INDIVIDUALS WITH SUBSTANCE USE DISORDER AND CO-OCCURRING DISORDER. "WILSON BEDS" PROGRAM PROVIDES ROOM, BOARD, AND TREATMENT AT HIGH WATCH RECOVERY CENTER, FREE OF CHARGE FOR QUALIFYING INDIVIDUALS THE VALUE OF WHICH IS ESTIMATED AT $726,400 FOR 2022. THE CENTER'S POLICY IS TO ALWAYS HAVE 7 "EXTENDED GUESTS" ON CAMPUS WHO SUFFER FROM CHRONIC RECIDIVISM. THE EXTENDED GUESTS ARE PROVIDED ROOM, BOARD, AND TREATMENT AT HIGH WATCH THE VALUE OF WHICH IS ESTIMATED AT $2,810,500 FOR 2022. ALTOGETHER, FINANCIAL ASSISTANCE AND CHARITY CARE TO GUESTS IN 2022 TOTALED $3,536,900.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome W Schwab III Ceo/president | OfficerTrustee | 50 | $957,132 |
Gregory Boris DO Vp-Medical | Trustee | 40 | $466,777 |
Solla Eiriks Director | Trustee | 2 | $0 |
Nico Peraticos Director | Trustee | 2 | $0 |
Barbara Broccoli Director | Trustee | 2 | $0 |
Jim Daly Director | Trustee | 2 | $17,797 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pustola & Associates Engineersconstruc General Contractor | 12/30/22 | $2,659,586 |
Billing Solutions Llc Medical Billing Services | 12/30/22 | $1,932,274 |
Us Foodservice Inc Dining Food | 12/30/22 | $918,151 |
Thomas Kane General Contractor | 12/30/22 | $730,062 |
Red Thread Spaces Llc Furniture Dealer | 12/30/22 | $579,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,857 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,409 |
| Total Program Service Revenue | $34,823,618 |
| Investment income | $20,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$27,277 |
| Net Gain/Loss on Asset Sales | -$66,093 |
| Net Income from Fundraising Events | -$56,878 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $579,562 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,687,042 |
| 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. | $1,987,902 |
| Compensation of current officers, directors, key employees. | $532,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,015,869 |
| Pension plan accruals and contributions | $693,553 |
| Other employee benefits | $1,994,619 |
| Payroll taxes | $1,027,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $328,425 |
| Fees for services: Accounting | $77,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,405,600 |
| Advertising and promotion | $728,779 |
| Office expenses | $279,406 |
| Information technology | $132,712 |
| Royalties | $0 |
| Occupancy | $1,878,524 |
| Travel | $567,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,557 |
| Interest | $725,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,878,731 |
| Insurance | $340,178 |
| All other expenses | $0 |
| Total functional expenses | $31,337,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,804,486 |
| Savings and temporary cash investments | $15,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,042,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,175 |
| Prepaid expenses and deferred charges | $167,979 |
| Net Land, buildings, and equipment | $52,350,291 |
| Investments—publicly traded securities | $936,028 |
| Investments—other securities | $300,510 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,259,802 |
| Total assets | $66,999,468 |
| Accounts payable and accrued expenses | $5,714,976 |
| Grants payable | $0 |
| Deferred revenue | $146,934 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,274,090 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,023,700 |
| Total liabilities | $34,159,700 |
| Net assets without donor restrictions | $32,812,799 |
| Net assets with donor restrictions | $26,969 |
| 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 | $66,999,468 |