Thrive Behavioral Health Inc
- Assets
- $13.0m
- Revenue
- $23.1m
- Investments
- $183.8k
- Employees
- 371
- Location
- Warwick, RI
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 51-0189278
Organization Overview
Thrive Behavioral Health Inc is located in Warwick, RI. The organization was established in 1979. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Thrive Behavioral Health Inc employed 371 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrive Behavioral Health 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, Thrive Behavioral Health Inc generated $23.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $22.0m during the year ending 06/2022. While expenses have increased by 7.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THRIVE BEHAVIORAL HEALTH IS INSPIRING HOPE AND EMPOWERING THE LIVES OF INDIVIDUALS AND FAMILIES FACING BEHAVIORAL HEALTH CHALLENGES THROUGH AN EXTENSIVE RANGE OF MENTAL HEALTH SERVICES, SUBSTANCE USE TREATMENT, EDUCATIONAL PROGRAMS, AND HOUSING SERVICES THAT ARE RECOVERY-ORIENTED, TRAUMA-INFORMED, AND FAMILY-FOCUSED. OUR EXPERIENCED AND DEDICATED PROFESSIONALS ARE COMMITTED TO IMPROVING CLIENTS' QUALITY OF LIFE AND ASSISTING IN THEIR RECOVERY.
Describe the Organization's Program Activity:
COMMUNITY SUPPORT PROGRAMS - THRIVE BEHAVIORAL HEALTH'S COMMUNITY SUPPORT PROGRAMS PROVIDE A COORDINATED SYSTEM OF CARE FOR ADULTS WITH SERIOUS AND PERSISTENT MENTAL ILLNESS, ENABLING INDIVIDUALS TO MAINTAIN PSYCHIATRIC STABILITY, A QUALITY LIFE IN THE COMMUNITY, AND ULTIMATELY TO ACHIEVE THEIR OWN PERSONAL RECOVERY. SERVICES INCLUDE PSYCHIATRIC, MENTAL HEALTH AND SUBSTANCE USE COUNSELING, AND CASE MANAGEMENT DESIGNED TO MEET THE NEEDS OF EACH INDIVIDUAL CLIENT; ON-GOING ASSESSMENT SERVICES, ADVOCACY AND DAILY LIVING AND VOCATIONAL SKILLS TRAINING; CRISIS ASSESSMENT AND INTERVENTION SERVICES; GROUP HOMES AND SUPERVISED APARTMENTS; A PSYCHIATRIC REHAB PROGRAM BASED ON A CLUBHOUSE MODEL CERTIFIED BY THE INTERNATIONAL COMMITTEE ON CLUBHOUSE DEVELOPMENT (ICCD) THAT PROVIDES VOCATIONAL AND SOCIAL SUPPORTS; AND A COURT CLINIC WHERE COURT-BASED CLINICIANS EVALUATE THE BEHAVIORAL HEALTH STATUS OF INDIVIDUALS THAT PRESENT BEFORE THE COURT, WITH A PRIORITY GIVEN TO VETERANS, AND RECOMMEND APPROPRIATE TREATMENT RATHER THAN INCARCERATION.
HOUSING SERVICES - AS A FEDERAL "HOUSING AUTHORITY", THRIVE BEHAVIORAL HEALTH ADMINISTERS A MAINSTREAM HOUSING CHOICE VOUCHER PROGRAM FORPEOPLE WITH DISABILITIES AND IS ALSO A CERTIFIED SPONSORING AGENCY FORRHODE ISLAND HOUSING'S ROADHOME RENTAL ASSISTANCE PROGRAM.THROUGH THE CONTINUUM OF CARE GRANTS AND THE COOPERATIVE AGREEMENT TOBENEFIT HOMELESS INDIVIDUALS, THE ORGANIZATION PROVIDES OUTREACH,PLACEMENT AND SUPPORTIVE SERVICES FOR HOMELESS PERSONS.ADDITIONALLY, THRIVE BEHAVIORAL HEALTH AND ITS SUBSIDIARY COMPANIESDEVELOP, OWN AND MANAGE APARTMENTS AND HOUSES THAT ARE AVAILABLE FORRENT BY THRIVE BEHAVIORAL HEALTH CLIENTS, AS WELL AS THE GENERAL PUBLIC.
YOUTH AND FAMILY SERVICES - A FULL RANGE OF SPECIALIZED SERVICES ARE PROVIDED UNDER A "FAMILY-CENTERED" TREATMENT APPROACH TO CHILDREN AND YOUTH WHO FACE EMOTIONAL OR BEHAVIORAL HEALTH CHALLENGES, OR WHO HAVE EXPERIENCED TRAUMA. THIS TREATMENT PHILOSOPHY VIEWS THE ENTIRE FAMILY AS THE CLIENT AND THE TREATMENT MAY BE PROVIDED IN THE HOME OR COMMUNITY, AS WELL AS, IN THE TRADITIONAL OFFICE SETTING. SERVICES INCLUDE INDIVIDUAL, GROUP AND FAMILY COUNSELING, CASE MANAGEMENT, PSYCHIATRY, PLAY THERAPY, ADD/ADHD DIAGNOSIS AND EVALUATION, AND SPECIALIZED TREATMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liliya Koyfman Medical Director | Officer | 32 | $229,380 |
Daniel Kubas-Meyer President/ceo | Officer | 35 | $155,000 |
Daisy Bassen Psychiatrist | 40 | $154,702 | |
Cathy Kennedy Psychiatric Clinical Nurse | 37.5 | $135,235 | |
Kevin Cote Chief Financial Officer | Officer | 36 | $132,276 |
Elisabeth Kornblee Chief Clinical Officer | Officer | 37 | $123,342 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brian Ackerman Md Psychiatry | 6/29/22 | $154,760 |
Mindy S Rosenbloom Md Inc Psychiatry | 6/29/22 | $106,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,789 |
| Related organizations | $0 |
| Government grants | $7,728,844 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,915,770 |
| Total Program Service Revenue | $14,994,704 |
| Investment income | $4,147 |
| 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 | $23,053,495 |
| 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. | $727,488 |
| Compensation of current officers, directors, key employees. | $350,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,548,187 |
| Pension plan accruals and contributions | $107,626 |
| Other employee benefits | $1,577,730 |
| Payroll taxes | $972,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,388 |
| 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 | $775,180 |
| Advertising and promotion | $390 |
| Office expenses | $524,947 |
| Information technology | $135,955 |
| Royalties | $0 |
| Occupancy | $609,216 |
| Travel | $233,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,901 |
| Insurance | $436,543 |
| All other expenses | $0 |
| Total functional expenses | $22,017,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,085,253 |
| Savings and temporary cash investments | $89,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,529,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $197,236 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $386,582 |
| Net Land, buildings, and equipment | $6,359,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $183,765 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,161,687 |
| Total assets | $12,993,911 |
| Accounts payable and accrued expenses | $1,191,202 |
| Grants payable | $0 |
| Deferred revenue | $884,400 |
| 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 | $4,112,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $502,991 |
| Total liabilities | $6,691,417 |
| Net assets without donor restrictions | $5,925,682 |
| Net assets with donor restrictions | $376,812 |
| 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 | $12,993,911 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thrive Behavioral Health Inc has recieved totaling $181,583.
| Awarding Organization | Amount |
|---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: IMPROVEMENTS TO THE HILLSGROVE CLUBHOUSE | $96,838 |
The Rhode Island Community Foundation Providence, RI PURPOSE: PROGRAM SUPPORT; FOOD & HOUSING STABILITY FOR ADULTS WHO HAVE BEEN HOMELESS | $75,073 |
The Highlander Charter School Providence, RI PURPOSE: GENERAL SUPPORT | $9,672 |
Endowment Analysis
| Beg. Balance | $141,189 |
| Earnings | $5,073 |
| Ending Balance | $146,262 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Providence Center Inc Providence, RI | $28,729,662 | $52,557,573 |
Douglas A Thom Clinic Inc Natick, MA | $22,958,997 | $39,570,300 |
Intercommunity Inc East Hartford, CT | $16,969,450 | $34,699,631 |
Community Care Alliance Woonsocket, RI | $11,075,428 | $33,987,903 |
Community Mental Health Affiliates Inc New Britain, CT | $24,833,832 | $33,143,886 |
L U K Crisis Center Inc Fitchburg, MA | $10,868,742 | $23,422,034 |
Thrive Behavioral Health Inc Warwick, RI | $12,993,911 | $23,053,495 |
River Valley Counseling Center Inc Holyoke, MA | $5,921,638 | $20,559,237 |
Wellmore Inc Waterbury, CT | $11,731,796 | $20,662,819 |
Bridges Healthcare Inc Milford, CT | $8,224,172 | $17,180,375 |
Brookline Community Mental Health Center Inc Brookline, MA | $8,541,952 | $10,980,051 |
St Vincent Depaul Mission Of Waterbury Inc Waterbury, CT | $6,458,734 | $6,150,320 |