Inspirica Inc
- Assets
- $36.7m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 133
- Location
- Stamford, CT
- Founding
- 07/1987
- Data as of
- 06/2022
- EIN
- 06-1172535
Organization Overview
Inspirica Inc is located in Stamford, CT. The organization was established in 1987. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Inspirica Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspirica 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 06/2022, Inspirica Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $8.7m during the year ending 06/2022. While expenses have increased by 3.7% 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
INSPIRICA STRIVES TO END HOMELESSNESS AND HOUSING INSECURITY BY HELPING INDIVIDUALS AND FAMILIES ACHIEVE STABILITY THROUGH SUPPORT SERVICES AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERMANENT HOUSING, INCLUDING PERMANENT SUPPORTIVE HOUSING AND DEEPLY AFFORDABLE HOUSINGIN FY2022, INSPIRICA SERVED 182 PEOPLE IN PERMANENT SUPPORTIVE HOUSING AND DEEPLY AFFORDABLE HOUSING IN THE FOLLOWING FACILITIES: COLONY APARTMENTS (30), ATLANTIC PARK APARTMENTS (28), ROSE PARK APARTMENTS (7), METCALF HOUSE (10), 24 AND 26 WOODLAND PLACE (25), SUMMER PLACE (65) AND MCKINNEY HOUSE (17). IN ADDITION TO RECEIVING HOUSING, ALL PARTICIPANTS IN THE ABOVE PROGRAMS ALSO RECEIVED THE SAME COMPREHENSIVE, INTEGRATED SERVICES LISTED IN SCHEDULE O.
OTHER PROGRAMS INCLUDE WORKFORCE EDUCATION, VOCATIONAL TRAINING, JOB PLACEMENT, CHILDREN'S SERVICES (INCLUDING AN AFTER SCHOOL PROGRAM), EARLY CHILDHOOD & PARENTING, AND ACCESS TO HEALTH CARE, DENTAL CARE, PSYCHIATRIC CARE, SUBSTANCE ABUSE, HOLIDAY GIFT COLLECTION, AND HIV/AIDS PROGRAMS.
HOMELESS PROGRAMS - EMERGENCY SHELTER/TRANSITIONAL HOUSING AND SUPPORT FOR FAMILIES AND SINGLE WOMEN IN FY2022, INSPIRICA SERVED 200 PEOPLE IN FAMILY'S EMERGENCY SHELTER AND TRANSITIONAL HOUSING AS WELL AS 47 SINGLE WOMEN IN EMERGENCY SHELTER. IN ADDITION TO RECEIVING HOUSING SERVICES, ALL PARTICIPANTS ALSO RECEIVED INTEGRATED CASE MANAGEMENT, GENERAL COUNSELING, ACCESS TO DRUG AND ALCOHOL ABUSE COUNSELING, WORKFORCE EDUCATION, VOCATIONAL TRAINING, EMPLOYMENT & JOB PLACEMENT SERVICES, HOUSING PLACEMENT, JOB/HOUSING RETENTION SERVICES, CHILDREN'S SERVICES, EARLY CHILDHOOD & PARENTING SERVICES ETC. IN ADDITION TO THESE IN-HOUSE SERVICES, PARTICIPANTS RECEIVED DIRECT ACCESS TO SERVICES SUCH AS MEDICAL AND DENTAL CARE, INPATIENT SUBSTANCE ABUSE TREATMENT, PSYCHIATRIC CARE, HEAD START/EARLY HEAD START (FAMILIES ONLY) ETC. THROUGH A NETWORK OF FORMAL STRATEGIC PARTNERSHIPS.
MENTAL ILLNESS PROGRAMS - OUTREACH, JAIL DIVERSION AND TRANSITIONAL HOUSING & SUPPORT SERVICES FOR INDIVIDUALS WITH MENTAL ILLNESSIN FY2022, INSPIRICA SERVED 59 IN OUTREACH, 7 PEOPLE IN JAIL DIVERSION, AND 17 PEOPLE IN TRANSITIONAL HOUSING. ALL INDIVIDUALS SUFFERED FROM PERSISTENT, SERIOUS MENTAL ILLNESS. THE OUTREACH PROGRAM PROVIDES RETENTION SUPPORT FOR PEOPLE WHO ARE LIVING IN THEIR OWN COMMUNITY BUT NEED SOME FORM OF SUPPORT SERVICES. THE JAIL DIVERSION PROGRAM PROVIDES AN ALTERNATIVE FOR PEOPLE ALLEGED TO HAVE COMMITTED NON-VIOLENT CRIMES AS THEIR CASES MOVE THROUGH THE LEGAL SYSTEM. THE TRANSITIONAL HOUSING PROGRAM PROVIDES HOUSING AND SUPPORT SERVICES TO PEOPLE WHO HAVE BEEN DISCHARGED FROM MENTAL HEALTH INSTITUTIONS OR GROUP HOMES, BUT ARE NOT YET ABLE TO LIVE INDEPENDENTLY. IN ADDITION TO RECEIVING HOUSING, ALL PARTICIPANTS IN THE ABOVE PROGRAMS RECEIVED THE SAME COMPREHENSIVE, INTEGRATED SERVICES LISTED ABOVE.
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 |
|---|---|---|---|
Bruce Heller Co-Chair | OfficerTrustee | 2 | $0 |
Robert Devellis Co-Chair | OfficerTrustee | 2 | $0 |
Anthony Gaglio Jr Vice Chair | OfficerTrustee | 2 | $0 |
Christine Chivily Treasurer | OfficerTrustee | 2 | $0 |
Wendy Lewis Secretary | OfficerTrustee | 2 | $0 |
James Besaw Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mars Electric Llc Electrical Services | 6/29/20 | $514,972 |
Capital Flooring Flooring Services | 6/29/20 | $315,764 |
Stephan Home Improvement Construction Services | 6/29/20 | $161,993 |
Energy Spray Systems Insulation Services | 6/29/20 | $127,575 |
Domack Restoration Llc Roofing Services | 6/29/20 | $268,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $46,725 |
| Membership dues | $0 |
| Fundraising events | $276,483 |
| Related organizations | $0 |
| Government grants | $3,839,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,036,789 |
| Noncash contributions included in lines 1a–1f | $8,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,199,771 |
| Total Program Service Revenue | $2,094,515 |
| Investment income | $207,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $194,349 |
| Net Income from Fundraising Events | $8,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,021,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $151,938 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $379,875 |
| Compensation of current officers, directors, key employees. | $104,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,947,604 |
| Pension plan accruals and contributions | $364 |
| Other employee benefits | $443,796 |
| Payroll taxes | $386,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,979 |
| Fees for services: Accounting | $76,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,194 |
| Fees for services: Other | $532,866 |
| Advertising and promotion | $37,189 |
| Office expenses | $207,512 |
| Information technology | $132,558 |
| Royalties | $0 |
| Occupancy | $696,773 |
| Travel | $26,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,591 |
| Interest | $55,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $862,563 |
| Insurance | $140,044 |
| All other expenses | $18,163 |
| Total functional expenses | $8,652,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,653 |
| Savings and temporary cash investments | $2,242,509 |
| Pledges and grants receivable | $840,834 |
| Accounts receivable, net | $191,155 |
| 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 | $69,117 |
| Net Land, buildings, and equipment | $21,166,474 |
| Investments—publicly traded securities | $8,548,720 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $57,500 |
| Other assets | $2,544,517 |
| Total assets | $36,652,479 |
| Accounts payable and accrued expenses | $750,945 |
| Grants payable | $0 |
| Deferred revenue | $4,999 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $116,660 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,218,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,091,189 |
| Net assets without donor restrictions | $21,727,508 |
| Net assets with donor restrictions | $7,833,782 |
| 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 | $36,652,479 |