Stamford Healthcare Credit Union Inc
- Assets
- $25.3m
- Revenue
- $783.2k
- Investments
- $14.8m
- Employees
- 5
- Location
- Stamford, CT
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 06-0991086
Organization Overview
Stamford Healthcare Credit Union Inc is located in Stamford, CT. The organization was established in 1976. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Stamford Healthcare Credit Union Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Stamford Healthcare Credit Union Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Stamford Healthcare Credit Union Inc generated $783.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $742.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY FINANCIALSERVICES TO MEMBERS IN AN EQUITABLE MANNER WITHOUT REGARD TO EMPLOYMENTSTATUS, ETHNIC BACKGROUND OR FINANCIAL WORTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS IN AN EQUITABLE MANNER WITHOUT REGARD TO EMPLOYMENT STATUS, ETHNIC BACKGROUND OR FINANCIAL WORTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Coscarelli-Curtis CEO & Treasurer | OfficerTrustee | 50 | $156,763 |
Robert Salvi Board Chairman | Officer | 10 | $0 |
Lola Marena Secretary | Officer | 10 | $0 |
A Rick Castiglione Board Vice-Chair | Officer | 10 | $0 |
Joan Grande Supervisory Chair | Officer | 10 | $0 |
Mary Judge Board Member | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $467,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $783,160 |
| 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. | $332,074 |
| Compensation of current officers, directors, key employees. | $332,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $33,704 |
| Other employee benefits | $0 |
| Payroll taxes | $26,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,832 |
| Advertising and promotion | $246 |
| Office expenses | $24,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,854 |
| Travel | $479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,898 |
| Insurance | $11,081 |
| All other expenses | $30,659 |
| Total functional expenses | $742,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$93,607 |
| Savings and temporary cash investments | $4,123,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,991,692 |
| Loans from Officers, Directors, or Controlling Persons | $30,921 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,684 |
| Net Land, buildings, and equipment | $110,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,799,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,284,217 |
| Total assets | $25,278,635 |
| Accounts payable and accrued expenses | $35,537 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,822,529 |
| Total liabilities | $22,858,066 |
| Net assets without donor restrictions | $0 |
| 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 | $2,420,569 |
| Total liabilities and net assets/fund balances | $25,278,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archcare New York, NY | $38,938,250 | $96,013,711 |
Community Health Network Of Connecticut Inc Wallingford, CT | $47,159,954 | $74,626,520 |
Rpci Oncology Pc Buffalo, NY | $19,088,362 | $66,318,134 |
Vna Care Network Inc Worcester, MA | $8,603,953 | $48,842,380 |
Columbiadoctors Newyork-Presbyterian Imaging New York, NY | $48,011,662 | $60,111,009 |
Western Connecticut Health Network Inc Danbury, CT | $607,496,068 | $32,480,212 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Coastal Medical Physicians Inc Providence, RI | $21,618,026 | $34,586,509 |
Auburn Memorial Medical Services Pc Auburn, NY | $2,235,754 | $24,512,215 |
Rochester Regional Health Rochester, NY | $128,642,293 | $30,753,165 |
Mass General Brigham Incorporated Boston, MA | $81,562,366 | $28,772,720 |