Alternatives Inc
- Assets
- $5.0m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 160
- Location
- Naugatuck, CT
- Founding
- 09/1995
- Data as of
- 06/2022
- EIN
- 06-1418490
Organization Overview
Alternatives Inc is located in Naugatuck, CT. The organization was established in 1995. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Alternatives Inc employed 160 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alternatives 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, Alternatives Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 2.0% 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
SERVICES TO HANDICAPPED AND DEVELOPMENTALLY DISABLED INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF NONINSTITUTIONAL INDEPENDENT LIVING FACILITIES AND DAY PROGRAMS FOR HANDICAPPED AND DEVELOPMENTALLY DISABLED PERSONS.
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 |
|---|---|---|---|
Kelly Callahan Exec Directo | Officer | 40 | $102,157 |
Rita Callahan Director Of | Officer | 40 | $92,325 |
Heather Schold Director | Trustee | 2 | $0 |
George V Lawler Jr Director | Trustee | 2 | $0 |
Matthew Furst Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,049,370 |
| 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 | $3,049,370 |
| Total Program Service Revenue | $4,112,224 |
| Investment income | $0 |
| 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 | $7,161,594 |
| 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. | $194,482 |
| Compensation of current officers, directors, key employees. | $194,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,338,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $622,082 |
| Payroll taxes | $336,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,912 |
| Advertising and promotion | $0 |
| Office expenses | $31,432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $353,118 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $116,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,246 |
| Insurance | $71,207 |
| All other expenses | $143,316 |
| Total functional expenses | $7,307,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,894,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,625 |
| 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 | $14,086 |
| Net Land, buildings, and equipment | $2,801,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,000 |
| Total assets | $5,016,279 |
| Accounts payable and accrued expenses | $526,334 |
| 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 | $2,095,369 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $910,634 |
| Total liabilities | $3,532,337 |
| Net assets without donor restrictions | $1,483,942 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,016,279 |