Ascentria Care Alliance Inc
- Assets
- $5.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, CT
- Founding
- 09/1983
- Data as of
- 06/2022
- EIN
- 20-0215979
Organization Overview
Ascentria Care Alliance Inc is located in Middletown, CT. The organization was established in 1983. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. 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 $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
LUTHERAN ASSISTED LIVING AT MIDDLETOWN WAS FORMED TO CONSTRUCT AND OPERATE A 45-UNIT MANAGED RESIDENTIAL CARE COMMUNITY IN MIDDLETOWN, CONNECTICUT FOR THE ELDERLY. THE ORGANIZATION IS OPERATED UNDER THE GUIDANCE AND REGULATIONS OF THE CONNECTUICUT HOUSING FINANCE AUTHORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Bovill President & CEO | OfficerTrustee | 1 | $0 |
The Rev Ross Goodman Vice Chair | OfficerTrustee | 2 | $0 |
Barbara Ruhe Director | Trustee | 0.5 | $0 |
Scott Hamilton Director | Trustee | 0.5 | $0 |
Peter Schmidt Director | Trustee | 0.5 | $0 |
Ashish Cowlagi Secretary | OfficerTrustee | 0.5 | $0 |
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 | $1,006,706 |
| Investment income | $568 |
| 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 | $1,018,627 |
| 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 | $171,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,757 |
| Payroll taxes | $12,865 |
| Fees for services: Management | $49,811 |
| Fees for services: Legal | $1,092 |
| Fees for services: Accounting | $33,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,067 |
| Advertising and promotion | $198 |
| Office expenses | $50,372 |
| Information technology | $16,498 |
| Royalties | $0 |
| Occupancy | $248,863 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $220,523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,466 |
| Insurance | $17,396 |
| All other expenses | $303,271 |
| Total functional expenses | $1,366,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,617 |
| 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 | $17,886 |
| Net Land, buildings, and equipment | $4,526,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $784,585 |
| Total assets | $5,391,231 |
| Accounts payable and accrued expenses | $58,735 |
| Grants payable | $0 |
| Deferred revenue | $16,196 |
| 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 | $6,113,275 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,283,315 |
| Total liabilities | $7,471,521 |
| Net assets without donor restrictions | -$2,080,290 |
| 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 | $5,391,231 |