Broad River Homes
- Assets
- $2.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- North Haven, CT
- Founding
- 05/1980
- Data as of
- 10/2022
- EIN
- 06-1019968
Organization Overview
Broad River Homes is located in North Haven, CT. The organization was established in 1980. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Broad River Homes 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 10/2022, Broad River Homes generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3m during the year ending 10/2022. While expenses have increased by 2.3% per year over the past 7 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
THE CORPORATION OWNS AND OPERATES A 49 UNIT HUD SUBSIDIZED LOW INOCME ELDERLY HOUSING PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF 49 UNITS OF HUD SUBSIDIZED LOW INCOME ELDERLY HOUSING
MEALS & HOUSEKEEPING PROGRAM FOR TENANTS - 49 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Cronin Treasurer | Officer | $0 | |
Nancy E Crowley Vp/secretary | Officer | $0 | |
Christopher Jarboe President | Officer | $0 | |
Marilyn Fecenko Director | Trustee | $0 | |
John D English Director | Trustee | $0 | |
Thomas Mansy Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,746 |
| 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 | $149,746 |
| Total Program Service Revenue | $1,313,143 |
| Investment income | $17,363 |
| 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 | $1,480,252 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,752 |
| Payroll taxes | $22,786 |
| Fees for services: Management | $72,463 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $806 |
| Office expenses | $22,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,140 |
| Travel | $0 |
| 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 | $156,331 |
| Insurance | $5,924 |
| All other expenses | $17 |
| Total functional expenses | $1,295,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,508 |
| 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 | $14,920 |
| Net Land, buildings, and equipment | $1,134,087 |
| Investments—publicly traded securities | $526,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $582,115 |
| Total assets | $2,446,405 |
| Accounts payable and accrued expenses | $98,623 |
| Grants payable | $0 |
| Deferred revenue | $6,094 |
| 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 | $1,615,195 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,744 |
| Total liabilities | $1,741,656 |
| Net assets without donor restrictions | $341,323 |
| Net assets with donor restrictions | $363,426 |
| 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 | $2,446,405 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Broad River Homes has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Glenmeadow Inc Longmeadow, MA | $50,902,339 | $16,994,268 |