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Nonprofiteer
← CONNECTION FUND INC

Form 990 for tax year 2022

Filed by CONNECTION FUND INC.

Totals

Total revenue
$9,700,607
Total expenses
$10,469,497
Contributions and grants received
$221,343
Grants paid
$0
Program service revenue
$9,552,725
Investment income
$5,846
Other revenue
-$79,307
Total assets, end of year
$9,420,992
Total liabilities, end of year
$4,261,523
Net assets or fund balances, end of year
$5,159,469
Program services expenses (Part IX)
$4,380,743
Management and general expenses
$5,833,675
Fundraising expenses
$255,079
Program service expenses (Part III)
$4,380,743

Program services were 41.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $161,252

  • 1f · All other contributions, gifts and grants

    $60,091

  • 2a · Program service revenue: MANAGEMENT FEE

    total $6,051,970 · related or exempt $6,051,970

  • 2b · Program service revenue: RENTAL - RELATED 501(C

    total $2,589,122 · related or exempt $2,589,122

  • 2c · Program service revenue: FOOD SERVICE

    total $876,633 · related or exempt $876,633

  • 2d · Program service revenue: MAINTENANCE REVENUE

    total $35,000 · related or exempt $35,000

  • 3 · Investment income

    total $5,846 · excluded $5,846

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $161,252

  • 8b · Fundraising events: direct expenses

    $79,307

  • 8c · Net income from fundraising events

    total -$79,307 · excluded -$79,307

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $624,172 · management and general $624,172

  • 7 · Other salaries and wages

    total $3,523,660 · program services $805,404 · management and general $2,552,232 · fundraising $166,024

  • 9 · Other employee benefits

    total $1,148,482 · program services $231,802 · management and general $870,193 · fundraising $46,487

  • 11a · Fees: management

    total $4,456 · program services $4,456

  • 11g · Fees: other

    total $1,115,299 · program services $195,224 · management and general $912,877 · fundraising $7,198

  • 13 · Office expenses

    total $304,976 · program services $141,692 · management and general $131,956 · fundraising $31,328

  • 16 · Occupancy

    total $2,298,310 · program services $1,716,530 · management and general $580,439 · fundraising $1,341

  • 17 · Travel

    total $171,715 · program services $78,522 · management and general $92,852 · fundraising $341

  • 20 · Interest

    total $68,799 · program services $68,799

  • 22 · Depreciation, depletion and amortization

    total $652,377 · program services $591,647 · management and general $60,730

  • 24a · Other expenses: FOOD

    total $537,821 · program services $534,742 · management and general $3,029 · fundraising $50

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $19,332 · program services $11,827 · management and general $5,195 · fundraising $2,310

  • 24c · Other expenses: BAD DEBT

    total $98 · program services $98

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,041 · end of year $376,135

  • 2 · Savings and temporary cash investments

    beginning of year $755,247 · end of year $1,000,583

  • 4 · Accounts receivable

    beginning of year $1,353,021 · end of year $2,063,230

  • 7 · Other notes and loans receivable

    beginning of year $486,453 · end of year $3,042,897

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,682 · end of year $11,395

  • 10a · Land, buildings and equipment: cost or other basis

    $10,797,368

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,523,538

  • 10c · Land, buildings and equipment, net

    beginning of year $14,538,310 · end of year $2,273,830

  • 13 · Investments: program-related

    beginning of year $1,000 · end of year $1,000

  • 15 · Other assets

    beginning of year $863,021 · end of year $651,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,974,230 · end of year $743,813

  • 19 · Deferred revenue

    beginning of year $1,728,401 · end of year $323,035

  • 23 · Secured mortgages and notes payable

    beginning of year $8,393,061 · end of year $3,170,821

  • 25 · Other liabilities

    beginning of year $23,854 · end of year $23,854

  • 27 · Net assets without donor restrictions

    beginning of year $5,664,318 · end of year $4,689,558

  • 28 · Net assets with donor restrictions

    beginning of year $469,911 · end of year $469,911

Mission and programs · 2022

Mission

SUPPORTING AND BENEFITTING THE PURPOSES, GOALS, AND MISSION OF THE CONNECTION, INC.: BUILDING SAFE, HEALTHY, CARING COMMUNITIES, AND INSPIRING PEOPLE TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE AND VALUED CITIZENS.

Activities or mission (Part I)

SEE SCHEDULE O

  • PROVIDING MANAGEMENT SERVICES TO COMMUNITY BASED 501(C)3'S

    Expenses $4,380,743 · Revenue $9,552,725

  • THE PROGRAM LEASES & DEVELOPS REAL ESTATE THAT IS USED BY COMMUNITY BASED 501(C)(3) EXEMPT ORGANIZATIONS. THE CONNECTION HAS A DEDICATED IN-HOUSE TRAINING AND RESEARCH BRANCH, THE INSTITUTE FOR INNOVATIVE PRACTICE, WHICH IS COMMITTED TO IMPROVING THE SOCIAL DETERMINANTS OF HEALTH, MEANING THE WAY PEOPLE LIVE, LEARN, WORK, AND PLAY. BY PROVIDING QUALITY PROFESSIONAL DEVELOPMENT, RESEARCH, AND CONSULTATION WE HELP PEOPLE, COMMUNITIES, AND ORGANIZATIONS SOLVE PROBLEMS, ADAPT TO CHANGE, AND EVOLVE.

As filed on the 2022 return.

Listed in Part VII

  • Stephen Angle

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Robert Cohn Esq

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Gary Wallace

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Elizabeth Bobrick

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Lawrence Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Joann Zamparo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Lisa Dematteis-Lepore

    CEO

    Total calculated
    $373,230
    From this org
    $348,027
    From related orgs
    $0
    Other
    $25,203
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $348,027
    Bonus
    $0
    Other
    $0
    Deferred
    $7,179
    Nontaxable benefits
    $18,024
    Filer's total
    $373,230

  • Stephen Abshire

    CFO

    Total calculated
    $288,347
    From this org
    $248,098
    From related orgs
    $0
    Other
    $40,249
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $248,098
    Bonus
    $0
    Other
    $0
    Deferred
    $13,261
    Nontaxable benefits
    $26,988
    Filer's total
    $288,347

  • Beth Connor

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $241,351
    From this org
    $210,041
    From related orgs
    $0
    Other
    $31,310
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $210,041
    Bonus
    $0
    Other
    $0
    Deferred
    $7,800
    Nontaxable benefits
    $23,510
    Filer's total
    $241,351

  • Kathy Savino

    CHIEF PROGRAM OFFICER

    Total calculated
    $222,578
    From this org
    $0
    From related orgs
    $216,095
    Other
    $6,483
    Hours/week
    4 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,095 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,483 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $222,578 related

  • Jessica Smith

    DEPUTY CHIEF OF CLINICAL D

    Total calculated
    $180,161
    From this org
    $163,577
    From related orgs
    $0
    Other
    $16,584
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $163,577
    Bonus
    $0
    Other
    $0
    Deferred
    $6,528
    Nontaxable benefits
    $10,056
    Filer's total
    $180,161

  • Susan Phillips

    DIRECTOR OF QUALITY INSURA

    Total calculated
    $144,042
    From this org
    $118,641
    From related orgs
    $0
    Other
    $25,401
    Hours/week
    23 + 27 related

  • Michele Klimczak

    AVP OF TRAINING AND GRANT MANAGEMENT

    Total calculated
    $118,388
    From this org
    $106,153
    From related orgs
    $0
    Other
    $12,235
    Hours/week
    23 + 27 related

  • Patrick Fallon

    DIRECTOR OF COMMUNITY JUST

    Total calculated
    $149,844
    From this org
    $0
    From related orgs
    $137,958
    Other
    $11,886
    Hours/week
    23 + 27 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ST MARY PLACE - THE CONNECTION FUND LIMITED PARTNERSHIP

    RELATED · HOUSING · CT · 1% owned · general or managing partner

    Directly controlled by THE CONNECTION FUND INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RIVER'S CORNER REALTY INC

    C · HOUSING · CT · 100% owned

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349309079

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