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Nonprofiteer
← CHILDRENS HOME OF READING

Form 990 for tax year 2022

Filed by CHILDRENS HOME OF READING.

Totals

Total revenue
$670,928
Total expenses
$603,450
Contributions and grants received
$371,843
Grants paid
$0
Program service revenue
$85,561
Investment income
$180,524
Other revenue
$33,000
Total assets, end of year
$17,170,926
Total liabilities, end of year
$476,506
Net assets or fund balances, end of year
$16,694,420
Program services expenses (Part IX)
$105,857
Management and general expenses
$86,918
Fundraising expenses
$410,675
Program service expenses (Part III)
$105,857

Program services were 17.5% 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.

  • 1f · All other contributions, gifts and grants

    $371,843

  • 2a · Program service revenue: Intercompany Revenue

    total $85,561 · related or exempt $85,561

  • 3 · Investment income

    total $172,548 · excluded $172,548

  • 6a · Gross rents

    real property $33,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $33,000

  • 6d · Net rental income or loss

    total $33,000 · excluded $33,000

  • 7a · Gross sales of assets other than inventory

    securities $483,805

  • 7b · Less cost or other basis and sales expenses

    securities $475,829

  • 7c · Gain or loss

    securities $7,976

  • 7d · Net gain or loss

    total $7,976 · excluded $7,976

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $80,515 · management and general $80,515

  • 11c · Fees: accounting

    total $6,403 · management and general $6,403

  • 11g · Fees: other

    total $195,344 · fundraising $195,344

  • 17 · Travel

    total $2,074 · fundraising $2,074

  • 20 · Interest

    total $105,857 · program services $105,857

  • 22 · Depreciation, depletion and amortization

    total $9,121 · fundraising $9,121

  • 24a · Other expenses: Supplies and Operating

    total $195,513 · fundraising $195,513

  • 24b · Other expenses: Communications

    total $6,747 · fundraising $6,747

  • 24c · Other expenses: Housekeeping

    total $1,876 · fundraising $1,876

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $29,315 · end of year $27,884

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,168 · end of year $13,213

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

    $14,622,052

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

    $2,358,325

  • 10c · Land, buildings and equipment, net

    beginning of year $12,570,170 · end of year $12,263,727

  • 11 · Investments: publicly traded securities

    beginning of year $1,731,672 · end of year $2,030,159

  • 12 · Investments: other securities

    beginning of year $2,588,865 · end of year $2,671,078

  • 15 · Other assets

    beginning of year $2,091,275 · end of year $164,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $601 · end of year $1,712

  • 19 · Deferred revenue

    beginning of year $0 · end of year $70,710

  • 24 · Unsecured notes and loans payable

    beginning of year $371,122 · end of year $352,401

  • 25 · Other liabilities

    beginning of year $2,282,861 · end of year $51,683

  • 27 · Net assets without donor restrictions

    beginning of year $13,377,873 · end of year $13,556,406

  • 28 · Net assets with donor restrictions

    beginning of year $2,986,008 · end of year $3,138,014

Mission and programs · 2022

Mission

To raise funds to help affiliate organizations fund programs that provide services to county youths, including community residential care, shelter care, foster care, and drug and alcohol programs.

  • Contributions to affiliates to fund programs that provide services to county youths, including community residential care, shelter care, foster care, and drug and alcohol programs.

    Expenses $105,857 · Revenue $85,561

As filed on the 2022 return.

Listed in Part VII

  • Ryan D Smith

    Member

    Total calculated
    $1,307,425
    From this org
    $2,938
    From related orgs
    $1,293,882
    Other
    $10,605
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $2,202 + $997,798 related
    Bonus
    $705 + $284,295 related
    Other
    $31 + $11,789 related
    Deferred
    $0
    Nontaxable benefits
    $24 + $10,581 related
    Filer's total
    $2,962 + $1,304,463 related

  • Mia Woods

    Member

    Total calculated
    $0
    Hours/week
    3 + 4 related

  • Barbara Werner

    Member

    Total calculated
    $118,977
    From this org
    $0
    From related orgs
    $110,480
    Other
    $8,497
    Hours/week
    3 + 3 related

  • Dr Christopher F Valente

    Member

    Total calculated
    $0
    Hours/week
    3 + 4 related

  • Gary Twardowski

    Member

    Total calculated
    $0
    Hours/week
    3 + 7 related

  • Dr Judith Parker

    Member

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Cindy Pachuta

    Member

    Total calculated
    $0
    Hours/week
    3 + 7 related

  • Keesha Moore

    Member, resigned

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Linda Misterkiewicz

    Member

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Cynthia Malick

    Member

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Bruce D Kraft

    Member

    Total calculated
    $0
    Hours/week
    3 + 4 related

  • Lou Kassa

    Member

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Robert J Cagliola

    Treasurer

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Dr Louis D Mancano

    Vice Chairperson, resigned

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • W Lee Prussman

    Chairperson

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Dr Vincent J LaSorsa

    President

    Total calculated
    $482,014
    From this org
    $95,607
    From related orgs
    $373,003
    Other
    $13,404
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $81,769 + $317,651 related
    Bonus
    $12,000 + $48,000 related
    Other
    $1,838 + $7,352 related
    Deferred
    $0
    Nontaxable benefits
    $2,735 + $10,669 related
    Filer's total
    $98,342 + $383,672 related

  • Mary Ann Zerkonwski

    Member

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Jennifer P Gassen

    Secretary, non-voting

    Total calculated
    $256,527
    From this org
    $0
    From related orgs
    $243,511
    Other
    $13,016
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,011 related
    Bonus
    $0 + $77,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,016 related
    Filer's total
    $0 + $256,527 related

  • Jeffrey Giovino

    Executive VP and COO

    Total calculated
    $972,604
    From this org
    $3,109
    From related orgs
    $960,898
    Other
    $8,597
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $2,585 + $790,146 related
    Bonus
    $495 + $164,505 related
    Other
    $29 + $6,247 related
    Deferred
    $0
    Nontaxable benefits
    $28 + $8,569 related
    Filer's total
    $3,137 + $969,467 related

  • Thomas H Bogovich

    VP, Referral Development

    Total calculated
    $272,010
    From this org
    $0
    From related orgs
    $270,118
    Other
    $1,892
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,118 related
    Bonus
    $0 + $37,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,892 related
    Filer's total
    $0 + $272,010 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Compensation is determined by the Salary Review Committee (SRC), based on an annual benchmarking process that typically considers data from 990s of comparable organizations, compensation studies by Guidestar Charity Navigator and similar publicly available sources, and advice from external consultants.
Part I, Line 7
Bonuses awarded during 2022 were discretionary and are correctly reported on Schedule J, Part II, Column B(ii).

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.

  • Abraxas Alliance Inc

    501(c)(3) · Provide residential and nonresidential services to at-risk youth · FL · controlled entity

    Directly controlled by Inperium Inc

  • Advancing Opportunities Inc

    501(c)(3) · Provide program support to individuals with various disabilities · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • Alvarium Healthcare Inc

    501(c)(3) · Provide treatment, support, and care for persons with disabilities · PA · controlled entity

    Directly controlled by Inperium Inc

  • Anchors - from Carol

    501(c)(3) · Provide services to those impacted by cancer and learning disabilities · PA · controlled entity

    Directly controlled by Inperium Inc

  • APIS Services Inc

    501(c)(3) · Provide operational, management, and administrative services · PA · controlled entity

    Directly controlled by Inperium Inc

  • CHOR Youth and Family Services Inc

    501(c)(3) · Provide services to youths, including community · PA · controlled entity

    Directly controlled by The Children's Home of Reading

  • Community Prevention Partnership

    501(c)(3) · Promote healthier community through various programs · PA · controlled entity

    Directly controlled by Inperium Inc

  • Conexio Care Inc

    501(c)(3) · Provide healthcare, housing, employment opportunities, counseling for MH · DE · controlled entity

    Directly controlled by Inperium Inc

  • Crossroads Programs Inc

    501(c)(3) · Provide services to at-risk youth · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • Guidance Center of Camden County Development Corporation

    501(c)(3) · Provide supervised residences for adults with psychiatric diagnoses · NJ · controlled entity

    Directly controlled by South Jersey Behavioral Health Resources Inc

  • Inperium of New Jersey Inc

    501(c)(3) · To support organizations incorporated in New Jersey · NJ · controlled entity

    Directly controlled by Inperium Inc

  • Inperium Inc

    501(c)(3) · Management oversight and support · PA

  • IRON Recovery and Wellness Center Inc

    501(c)(3) · Provide rehabilitation services to persons with substance abuse disorders · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • La Colmena Inperium Inc

    501(c)(3) · Provide operational, management, and administrative services · TX · controlled entity

    Directly controlled by Inperium Inc

  • Marc Housing Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • Reading Specialists Education Association

    501(c)(3) · Provide dedicated professional counseling · PA · controlled entity

    Directly controlled by Inperium Inc

  • Shelby Residential & Vocational Services Inc

    501(c)(3) · Provide services for people with disabilities to live meaningful lives · TN · controlled entity

    Directly controlled by Inperium Inc

  • South Jersey Behavioral Health Resources Inc

    501(c)(3) · Provide mental health and IDD residential services · NJ · controlled entity

    Directly controlled by Inperium of New Jersey Inc

  • SRVS Group Home I Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • SRVS Group Home II Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • SRVS Home III Inc

    501(c)(3) · Housing · TN · controlled entity

    Directly controlled by Shelby Residential & Vocational Services Inc

  • Supportive Concepts for Families Inc

    501(c)(3) · Provide program support to individuals with IDD · PA · controlled entity

    Directly controlled by Inperium Inc

  • Wake Enterprises Inc

    501(c)(3) · Provide vocational and social development services to adults with IDD · NC · controlled entity

    Directly controlled by Inperium Inc

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 corporations and trusts

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

  • CannaLorem Inc

    C · Research and development · NJ · controlled entity

    Directly controlled by Inperium Inc

  • Fortis Holdings Inc

    S · To hold common shares and support the Employee Stock Ownership Program · PA · controlled entity

    Directly controlled by Supportive Concepts For Families Inc

  • Inperium of New York Inc

    C · To support future organizations incorporated in New York · NY · controlled entity

    Directly controlled by Inperium Inc

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421359349307592

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