Connecticut Baptist Homes Inc
- Assets
- $42.7m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 432
- Location
- Meriden, CT
- Founding
- 05/1982
- Data as of
- 09/2023
- EIN
- 06-1017444
Organization Overview
Connecticut Baptist Homes Inc is located in Meriden, CT. The organization was established in 1982. 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, Connecticut Baptist Homes Inc employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Baptist Homes 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 09/2023, Connecticut Baptist Homes Inc generated $25.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $22.9m during the year ending 09/2023. While expenses have increased by 17.8% 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
AS A NOT-FOR-PROFIT ORGANIZATION AFFILIATED WITH THE AMERICAN BAPTIST CHURCHES OF CONNECTICUT, CONNECTICUT BAPTIST HOMES, INC. PROVIDES A CONTINUUM OF DISTINCT LEVELS OF CARE THAT PROVIDE REHABILITATIVE SERVICES, NURSING CARE, DEMENTIA CARE AND RESIDENTIAL LIVING SERVICES TO ELDERLY INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SKILLED NURSING AND INTERMEDIATE CARE UNITS COMBINED WITH RESIDENTIAL LIVING PROVIDE REHABILITATIVE SERVICES, NURSING CARE AND SUPPORTED LIVING IN A CONTINUUM THAT SUPPORTS RESIDENTS MAXIMUM INDEPENDENCE, DIGNITY, AND CHOICE IN A FAITH-BASED, MISSION DRIVEN SETTING.
OUR INDEPENDENT LIVING COMMUNITY PROVIDES APARTMENT LIVING FOR SENIORS ON A MONTHLY BASIS THAT SUPPORTS RESIDENTS MAXIMUM INDEPENDENCE, DIGNITY, AND CHOICE IN A FAITH-BASED, MISSION DRIVEN SETTING.
OUR ASSISTED LIVING SERVICES AGENCY PROVIDES ASSISTED LIVING SERVICES TO INDIVIDUALS IN OUR INDEPENDENT LIVING COMMUNITY IN ORDER TO MAINTAIN THEIR ABILITY TO LIVE INDEPENDENTLY, MAXIMIZE THEIR INDEPENDENCE, DIGNITY AND CHOICE IN A FAITH-BASED MISSION DRIVEN SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Hopeton Scott Vice-Chairperson | OfficerTrustee | 0.5 | $0 |
Rev Margaret D Lewis Secretary | OfficerTrustee | 0.5 | $0 |
Sandra Stevens Director (until 12/2022) | Trustee | 0.5 | $0 |
Bill Smith Director (until 12/2022) | Trustee | 0.5 | $0 |
Joyce Olore Director (since 12/2022) | Trustee | 0.5 | $0 |
David Martino Director (since 12/2022) | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ce Floyd Construction Of Alsa | 9/29/23 | $1,923,758 |
Healthpro Heritage Wellness Services | 9/29/23 | $619,841 |
Facilities Compliance Services Maintenance Services | 9/29/23 | $312,880 |
H&e Enterprise General Contractor | 9/29/23 | $184,482 |
Cci Construction Of Alsa | 9/29/23 | $111,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,304,037 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,330,212 |
| Total Program Service Revenue | $20,471,614 |
| Investment income | $444,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,194,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,539,522 |
| 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. | $297,202 |
| Compensation of current officers, directors, key employees. | $297,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,160,618 |
| Pension plan accruals and contributions | $124,840 |
| Other employee benefits | $1,167,932 |
| Payroll taxes | $774,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,629 |
| Fees for services: Accounting | $259,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,151 |
| Fees for services: Other | $602,735 |
| Advertising and promotion | $123,211 |
| Office expenses | $529,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,943,098 |
| Travel | $11,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,662 |
| Interest | $729,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,553,668 |
| Insurance | $434,711 |
| All other expenses | $591,143 |
| Total functional expenses | $22,863,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,370,013 |
| Savings and temporary cash investments | $709,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,232,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $156,599 |
| Prepaid expenses and deferred charges | $351,769 |
| Net Land, buildings, and equipment | $21,360,886 |
| Investments—publicly traded securities | $9,751,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,789,562 |
| Total assets | $42,721,900 |
| Accounts payable and accrued expenses | $1,425,145 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,456,208 |
| Escrow or custodial account liability | $57,551 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,766,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $381,986 |
| Total liabilities | $18,086,992 |
| Net assets without donor restrictions | $21,904,171 |
| Net assets with donor restrictions | $2,730,737 |
| 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 | $42,721,900 |