Vinfen Corporation Of Connecticut Inc
- Assets
- $14.4m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 526
- Location
- Cambridge, MA
- Founding
- 06/2001
- Data as of
- 06/2021
- EIN
- 06-1569439
Organization Overview
Vinfen Corporation Of Connecticut Inc is located in Cambridge, MA. The organization was established in 2001. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2022, Vinfen Corporation Of Connecticut Inc employed 526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vinfen Corporation Of Connecticut 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, Vinfen Corporation Of Connecticut Inc generated $22.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $21.8m during the year ending 06/2021. While expenses have increased by 4.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VINFEN TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUAL, FAMILIES, ORGANIZATIONS AND COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENTAL SERVICES: DELIVERS AN ARRAY OF SERVICES FOR PERSONS WITH DEVELOPMENTAL DISABILITIES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS AND EMPLOYMENT TRAINING, AND SHELTERED WORKSHOPS.
PSYCHIATRIC REHABILITATION SERVICES: FOR PERSONS WITH MENTAL ILLNESS/DISABILITIES, SUBSTANCE ABUSE, HIV/AIDS AND/OR HAVE DUAL DIAGNOSES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS TRAINING, AND CLUBHOUSE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce L Bird Director, President & CEO | OfficerTrustee | 5 | $0 |
Paul Zintl Director | Trustee | 0.2 | $0 |
Philip A Mason Director, Chair | OfficerTrustee | 0.2 | $0 |
C Allen Ashley Director, Clerk | OfficerTrustee | 0.2 | $0 |
Richard F Sullivan Treasurer | Officer | 5 | $0 |
Lurleen Gannon Assistant Clerk | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harp Mechanical Services Llc Hvac | 6/29/16 | $115,627 |
Gary E Suffriti Construction | 6/29/16 | $111,418 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,265 |
| Investment income | $107 |
| 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 | $22,014,754 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $13,122,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,472,442 |
| Payroll taxes | $1,046,586 |
| Fees for services: Management | $1,183,877 |
| Fees for services: Legal | $9,425 |
| Fees for services: Accounting | $85,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,287 |
| Advertising and promotion | $0 |
| Office expenses | $209,176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $671,703 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,679 |
| Insurance | $247,200 |
| All other expenses | $0 |
| Total functional expenses | $21,770,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,372,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,675,978 |
| 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 | $75,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,473 |
| Total assets | $14,372,435 |
| Accounts payable and accrued expenses | $4,260,725 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $405,175 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,568,791 |
| Unsecured mortgages and notes payable | $1,493,526 |
| Other liabilities | $4,915,058 |
| Total liabilities | $15,643,275 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,270,840 |