Clasp Homes Inc
- Assets
- $7.4m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 135
- Location
- Westport, CT
- Founding
- 03/1983
- Data as of
- 06/2021
- EIN
- 06-1074055
Organization Overview
Clasp Homes Inc is located in Westport, CT. The organization was established in 1983. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2021, Clasp Homes Inc employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clasp 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 06/2021, Clasp Homes Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $8.0m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND SUPPORT FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIVING ARRANGEMENTS - 11 GROUP HOMES FOR DEVELOPMENTALLY DISABLED ADULTS.
DAY SERVICES - OPTIONS FOR EMPLOYMENT FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
IN-HOME SUPPORTS - SUPERVISED APARTMENTS FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Flood President | Officer | 35 | $114,815 |
Michele Markelon VP Finance P | Officer | 35 | $103,410 |
Octavia Catana Fin. Dir. Pa | Officer | 40 | $82,236 |
Bruce Katz ESQ Vice Chair | OfficerTrustee | 1 | $0 |
Julie Mcnamee Chair | OfficerTrustee | 1 | $0 |
Marc Hawley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,720 |
| Related organizations | $0 |
| Government grants | $8,415,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,605,666 |
| Total Program Service Revenue | $682,470 |
| Investment income | $11,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,335,190 |
| 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. | $262,528 |
| Compensation of current officers, directors, key employees. | $22,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,679,796 |
| Pension plan accruals and contributions | $31,363 |
| Other employee benefits | $1,020,780 |
| Payroll taxes | $393,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,666 |
| Advertising and promotion | $0 |
| Office expenses | $41,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $389,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,700 |
| Insurance | $80,076 |
| All other expenses | $123,453 |
| Total functional expenses | $7,997,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,207 |
| Savings and temporary cash investments | $204,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $679,796 |
| 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 | $41,757 |
| Net Land, buildings, and equipment | $3,525,113 |
| Investments—publicly traded securities | $2,160,623 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,210 |
| Total assets | $7,378,676 |
| Accounts payable and accrued expenses | $997,534 |
| 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 | $682,342 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $175,264 |
| Total liabilities | $1,855,140 |
| Net assets without donor restrictions | $5,476,054 |
| Net assets with donor restrictions | $47,482 |
| 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 | $7,378,676 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Clasp Homes Inc has recieved totaling $149,838.
| Awarding Organization | Amount |
|---|---|
Daniel E Offutt Iii Charitable Tr Sarasota, FL PURPOSE: TO PROMOTE THE GOALS OF THE ORGANIZATION | $107,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $10,500 |
George L Ohrstom Jr Foundation Inc Harrison, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Grace K Salmon Trust Par 9 & 10 O/W Nect Bedford, NH PURPOSE: OPERATIONAL | $3,000 |
Nm Morris Family Foundation Bedford, NY PURPOSE: GENERAL FUND | $2,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Educational And Developmental Supports Center Inc Tewksbury, MA | $8,053,747 | $19,496,777 |
Handicapped Childrens Association Of Southern New York Inc Johnson City, NY | $15,724,051 | $20,449,293 |
Southern Tier Independence Center Inc Binghamton, NY | $11,429,557 | $17,107,173 |
Rockland Independent Living Center Inc West Nyack, NY | $7,082,649 | $18,562,000 |
New York Association On Independent Living Albany, NY | $7,790,174 | $16,532,510 |
Coalition For The Homeless Inc New York, NY | $43,159,669 | $27,848,334 |
Lesbian And Gay Community Services Center Inc New York, NY | $32,292,978 | $15,100,688 |
Shared Living Collaborativeincorporated Merrimac, MA | $12,590,369 | $17,348,442 |
Corning Council For Assistance And Information For The Disabled Inc Corning, NY | $6,494,224 | $14,746,246 |
Community Servings Inc Jamaica Plain, MA | $24,387,705 | $15,169,268 |
Expanded Schools Inc New York, NY | $12,127,382 | $12,038,133 |
Pathfinder Village Inc Edmeston, NY | $36,398,685 | $11,301,940 |