Crosby Commons Inc
- Assets
- $9.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Shelton, CT
- Founding
- 04/1998
- Data as of
- 09/2023
- EIN
- 06-1505334
Organization Overview
Crosby Commons Inc is located in Shelton, CT. The organization was established in 1998. 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, Crosby Commons Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosby Commons 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, Crosby Commons Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $4.1m during the year ending 09/2023. While expenses have increased by 1.5% 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
TO PROVIDE ASSISTED LIVING APARTMENTS AND WELLNESS PROGRAMS TO SENIOR ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A 68 UNIT MANAGED RESIDENTIAL FACILITY WHICH SERVES SENIORS WHO MAY REQUIRE ASSISTANCE WITH DAILY LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Lawlor President/chairman | OfficerTrustee | 1 | $0 |
Zvonimir Jukic Director/treasurer | OfficerTrustee | 1 | $0 |
Victoria Dompierre Secretary | OfficerTrustee | 0.5 | $0 |
Fife David Executive Director | Officer | 40 | $71,539 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Methodist Homes Inc Mgmt. Svcs. & Overhead Costs Reimb | 9/29/22 | $1,228,374 |
M&r Construction Llc Construction | 9/29/22 | $308,967 |
Gr Sheehy Construction Llc Construction | 9/29/22 | $125,565 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,886,632 |
| Investment income | $3 |
| 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 | $4,895,154 |
| 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. | $176,177 |
| Compensation of current officers, directors, key employees. | $44,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $960,660 |
| Pension plan accruals and contributions | $20,982 |
| Other employee benefits | $137,021 |
| Payroll taxes | $95,667 |
| Fees for services: Management | $1,052,892 |
| Fees for services: Legal | $1,145 |
| Fees for services: Accounting | $21,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,851 |
| Advertising and promotion | $17,300 |
| Office expenses | $55,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $552,839 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $446,096 |
| Insurance | $81,842 |
| All other expenses | $8,308 |
| Total functional expenses | $4,126,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,653 |
| Savings and temporary cash investments | $247,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,591 |
| 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 | $96,188 |
| Net Land, buildings, and equipment | $4,388,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,659,385 |
| Total assets | $9,779,790 |
| Accounts payable and accrued expenses | $352,274 |
| Grants payable | $0 |
| Deferred revenue | $7,920 |
| Tax-exempt bond liabilities | $3,105,297 |
| Escrow or custodial account liability | $5,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $224,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,695,683 |
| Net assets without donor restrictions | $6,084,107 |
| 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 | $9,779,790 |