Skip to content
Nonprofiteer
← CONNECTION FUND INC

Form 990 for tax year 2023

Filed by CONNECTION FUND INC.

Totals

Total revenue
$11,518,507
Total expenses
$11,894,126
Contributions and grants received
$275,650
Grants paid
$0
Program service revenue
$10,315,575
Investment income
$0
Other revenue
$927,282
Total assets, end of year
$14,905,273
Total liabilities, end of year
$9,667,358
Net assets or fund balances, end of year
$5,237,915
Program services expenses (Part IX)
$5,478,616
Management and general expenses
$6,169,794
Fundraising expenses
$245,716
Program service expenses (Part III)
$5,478,616

Program services were 46.1% 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

    $81,060

  • 1f · All other contributions, gifts and grants

    $194,590

  • 2a · Program service revenue: MANAGEMENT FEE

    total $6,224,204 · related or exempt $6,224,204

  • 2b · Program service revenue: RENTAL - RELATED 501(C) 3

    total $3,106,967 · related or exempt $3,106,967

  • 2c · Program service revenue: FOOD SERVICE

    total $949,400 · related or exempt $949,400

  • 2d · Program service revenue: MAINTENANCE REVENUE

    total $35,004 · related or exempt $35,004

  • 8a · Fundraising events: gross income

    $0

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

    $81,060

  • 8b · Fundraising events: direct expenses

    $20,536

  • 8c · Net income from fundraising events

    total -$20,536 · excluded -$20,536

  • 11a · Other revenue: OTHER REVENUE

    total $947,818 · related or exempt $947,818

  • 11e · Other revenue, total

    $947,818

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $910,487 · management and general $910,487

  • 7 · Other salaries and wages

    total $3,534,505 · program services $966,927 · management and general $2,392,467 · fundraising $175,111

  • 8 · Pension plan contributions

    total $1,233,985 · program services $264,794 · management and general $920,160 · fundraising $49,031

  • 11d · Fees: lobbying

    total $92,000 · program services $92,000

  • 11g · Fees: other

    total $1,387,617 · program services $1,895 · management and general $1,375,341 · fundraising $10,381

  • 13 · Office expenses

    total $244,606 · program services $109,744 · management and general $127,536 · fundraising $7,326

  • 16 · Occupancy

    total $2,220,826 · program services $1,962,240 · management and general $258,586

  • 17 · Travel

    total $104,511 · program services $30,215 · management and general $73,374 · fundraising $922

  • 20 · Interest

    total $111,947 · program services $111,947

  • 22 · Depreciation, depletion and amortization

    total $511,789 · program services $403,043 · management and general $108,746

  • 24a · Other expenses: LOSS ON TRANSFER OF PAR

    total $921,198 · program services $921,198

  • 24b · Other expenses: FOOD

    total $553,634 · program services $552,211 · management and general $1,423

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $64,300 · program services $59,681 · management and general $1,674 · fundraising $2,945

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $2,721 · program services $2,721

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $376,135

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,583 · end of year $986,678

  • 4 · Accounts receivable

    beginning of year $2,063,230 · end of year $2,322,131

  • 7 · Other notes and loans receivable

    beginning of year $3,042,897 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,395 · end of year $99,543

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

    $13,595,629

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

    $10,193,671

  • 10c · Land, buildings and equipment, net

    beginning of year $2,273,830 · end of year $3,401,958

  • 13 · Investments: program-related

    beginning of year $1,000 · end of year $0

  • 15 · Other assets

    beginning of year $651,922 · end of year $8,094,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $743,813 · end of year $1,098,780

  • 19 · Deferred revenue

    beginning of year $323,035 · end of year $136,960

  • 23 · Secured mortgages and notes payable

    beginning of year $3,170,821 · end of year $2,837,244

  • 25 · Other liabilities

    beginning of year $23,854 · end of year $5,594,374

  • 27 · Net assets without donor restrictions

    beginning of year $5,159,469 · end of year $5,237,915

Mission and programs · 2023

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 $3,013,239 · Revenue $6,194,866

  • 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.

    Expenses $2,465,377 · Revenue $5,068,527

As filed on the 2023 return.

Listed in Part VII

  • Gary Wallace

    CHAIR

    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

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related
  • Joann Zamparo

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related
  • Lisa Dematteis-Lepore

    CEO

    Total calculated
    $427,960
    From this org
    $384,768
    From related orgs
    $0
    Other
    $43,192
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $384,768
    Bonus
    $0
    Other
    $0
    Deferred
    $21,270
    Nontaxable benefits
    $21,922
    Filer's total
    $427,960
  • Stephen Abshire

    CFO

    Total calculated
    $325,063
    From this org
    $273,863
    From related orgs
    $0
    Other
    $51,200
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $273,863
    Bonus
    $0
    Other
    $0
    Deferred
    $18,369
    Nontaxable benefits
    $32,831
    Filer's total
    $325,063
  • Beth Connor

    CHIEF PROGRAM OFFICER

    Total calculated
    $267,251
    From this org
    $251,856
    From related orgs
    $0
    Other
    $15,395
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $251,856
    Bonus
    $0
    Other
    $0
    Deferred
    $15,349
    Nontaxable benefits
    $46
    Filer's total
    $267,251
  • Kathy Savino

    COO

    Total calculated
    $262,805
    From this org
    $0
    From related orgs
    $247,839
    Other
    $14,966
    Hours/week
    4 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,839 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,966 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $262,805 related
  • Jessica Smith

    DEPUTY CHIEF OF BUSINESS DEVELOPMENT

    Total calculated
    $189,244
    From this org
    $165,404
    From related orgs
    $0
    Other
    $23,840
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $165,404
    Bonus
    $0
    Other
    $0
    Deferred
    $11,614
    Nontaxable benefits
    $12,226
    Filer's total
    $189,244
  • Susan Phillips

    DIRECTOR OF QUALITY, INFORMATION, RISK

    Total calculated
    $144,174
    From this org
    $123,446
    From related orgs
    $0
    Other
    $20,728
    Hours/week
    23 + 27 related
  • Alison Friar

    DIRECTOR OF CLINICAL DEVELOPMENT

    Total calculated
    $130,837
    From this org
    $0
    From related orgs
    $123,659
    Other
    $7,178
    Hours/week
    27 + 23 related
  • John Gorcynski

    DIRECTOR OF FINANCE

    Total calculated
    $145,483
    From this org
    $125,208
    From related orgs
    $0
    Other
    $20,275
    Hours/week
    27 + 23 related
  • Teresa Ferraro

    DIRECTOR OF CLINICAL OPERATIONS

    Total calculated
    $158,100
    From this org
    $0
    From related orgs
    $121,973
    Other
    $36,127
    Hours/week
    27 + 23 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,973 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,389 related
    Nontaxable benefits
    $0 + $28,738 related
    Filer's total
    $0 + $158,100 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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349311070

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.