Ascentria Care Alliance Inc
- Assets
- $41.2m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 313
- Location
- Southbury, CT
- Founding
- 09/1983
- Data as of
- 06/2022
- EIN
- 16-1644288
Organization Overview
Ascentria Care Alliance Inc is located in Southbury, CT. The organization was established in 1983. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Ascentria Care Alliance Inc employed 313 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ascentria Care Alliance 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, Ascentria Care Alliance Inc generated $17.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $16.2m during the year ending 06/2022. While expenses have increased by 4.6% 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
WE ARE CALLED TO STRENGTHEN COMMUNITIES BY EMPOWERING PEOPLE TO RESPOND TO LIFE'S CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 120-BED NURSING FACILITY WHICH PROVIDES SKILLED NURSING AND REHABILITATIVE SERVICES TO THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Bovill President & CEO | OfficerTrustee | 4 | $0 |
The Rev Ross Goodman Vice Chair | OfficerTrustee | 0.5 | $0 |
Scott Hamilton Director | Trustee | 0.5 | $0 |
Stacey Luster Director | Trustee | 0.5 | $0 |
Keith Robertson Director | Trustee | 0.5 | $0 |
Barbara Ruhe Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pac Group Construction | 6/29/22 | $2,285,827 |
Cigna Health And Life Insurance Company Insurance | 6/29/22 | $582,571 |
Harvard Pilgrim Insurance | 6/29/22 | $488,110 |
Ascentria Care Alliance Management Services | 6/29/22 | $345,638 |
Clipboard Health Saff Agency | 6/29/22 | $309,161 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,765,865 |
| 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 | $1,765,865 |
| Total Program Service Revenue | $15,266,704 |
| Investment income | $106,014 |
| 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 | $17,433,326 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,003,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,280,680 |
| Payroll taxes | $578,011 |
| Fees for services: Management | $909,538 |
| Fees for services: Legal | $36,634 |
| Fees for services: Accounting | $39,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $453,269 |
| Advertising and promotion | $69,558 |
| Office expenses | $102,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $381,067 |
| Travel | $3,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,750 |
| Interest | $1,294,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,060,241 |
| Insurance | $142,132 |
| All other expenses | $229,124 |
| Total functional expenses | $16,241,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,884 |
| Savings and temporary cash investments | $1,194,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,225,760 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,405 |
| Prepaid expenses and deferred charges | $122,546 |
| Net Land, buildings, and equipment | $25,249,582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,305,000 |
| Other assets | $8,469,275 |
| Total assets | $41,167,913 |
| Accounts payable and accrued expenses | $2,771,778 |
| Grants payable | $0 |
| Deferred revenue | $20,622 |
| 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 | $30,713,092 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,243,395 |
| Total liabilities | $34,748,887 |
| Net assets without donor restrictions | $3,180,689 |
| Net assets with donor restrictions | $3,238,337 |
| 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 | $41,167,913 |