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Nonprofiteer
← CONNECTION FUND - JEFFERSON

Form 990 for tax year 2022

Filed by CONNECTION FUND - JEFFERSON.

Totals

Total revenue
$204,610
Total expenses
$301,052
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$203,325
Investment income
$1,285
Other revenue
$0
Total assets, end of year
$3,446,640
Total liabilities, end of year
$4,390,890
Net assets or fund balances, end of year
-$944,250
Program services expenses (Part IX)
$301,052
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$301,052

Program services were 100.0% 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.

  • 2a · Program service revenue: LOW INCOME HOUSING REN

    total $201,541 · related or exempt $201,541

  • 2b · Program service revenue: OTHER

    total $1,784 · related or exempt $1,784

  • 3 · Investment income

    total $1,285 · excluded $1,285

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $31,455 · program services $31,455

  • 9 · Other employee benefits

    total $7,289 · program services $7,289

  • 10 · Payroll taxes

    total $3,182 · program services $3,182

  • 11a · Fees: management

    total $10,124 · program services $10,124

  • 11b · Fees: legal

    total $3,434 · program services $3,434

  • 11c · Fees: accounting

    total $13,940 · program services $13,940

  • 13 · Office expenses

    total $10,293 · program services $10,293

  • 16 · Occupancy

    total $99,338 · program services $99,338

  • 20 · Interest

    total $758 · program services $758

  • 22 · Depreciation, depletion and amortization

    total $100,785 · program services $100,785

  • 23 · Insurance

    total $20,454 · program services $20,454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,029 · end of year $747

  • 4 · Accounts receivable

    beginning of year $3,963 · end of year $45,743

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

    $4,113,668

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

    $827,694

  • 10c · Land, buildings and equipment, net

    beginning of year $3,377,881 · end of year $3,285,974

  • 15 · Other assets

    beginning of year $124,415 · end of year $114,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $120,102 · end of year $145,993

  • 24 · Unsecured notes and loans payable

    beginning of year $4,237,349 · end of year $4,238,106

  • 25 · Other liabilities

    beginning of year $5,645 · end of year $6,791

  • 27 · Net assets without donor restrictions

    beginning of year -$847,808 · end of year -$944,250

Mission and programs · 2022

Mission

TO DEVELOP, IMPLEMENT AND OPERATE AFFORDABLE, SUPPORTED HOUSING FOR CHRONIC MENTALLY DISABLED INDIVIDUALS.

  • TO DEVELOP, IMPLEMENT AND OPERATE AFFORDABLE, SUPPORTED HOUSING FOR CHRONIC MENTALLY DISABLED INDIVIDUALS.

    Expenses $301,052 · Revenue $203,325

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

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Lisa Dematteis-Lepore

    CEO

    Total calculated
    $394,639
    From this org
    $0
    From related orgs
    $358,949
    Other
    $35,690
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,949 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,667 related
    Nontaxable benefits
    $0 + $18,023 related
    Filer's total
    $0 + $394,639 related

  • Stephen Abshire

    CFO

    Total calculated
    $306,963
    From this org
    $0
    From related orgs
    $265,223
    Other
    $41,740
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,223 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,753 related
    Nontaxable benefits
    $0 + $26,987 related
    Filer's total
    $0 + $306,963 related

  • Beth Connor

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $257,853
    From this org
    $0
    From related orgs
    $221,630
    Other
    $36,223
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,630 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,713 related
    Nontaxable benefits
    $0 + $23,510 related
    Filer's total
    $0 + $257,853 related

  • Jessica Smith

    DEPUTY CHIEF OF BUSINESS

    Total calculated
    $187,214
    From this org
    $0
    From related orgs
    $167,697
    Other
    $19,517
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,697 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,461 related
    Nontaxable benefits
    $0 + $10,056 related
    Filer's total
    $0 + $187,214 related

  • Susan Phillips

    DIRECTOR OF QUALITY

    Total calculated
    $139,568
    From this org
    $0
    From related orgs
    $122,761
    Other
    $16,807
    Hours/week
    1 + 45 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

The filer's explanations (Part III)

PART I, LINE 3 - RELATED ORG. METHODS USED FOR COMPENSATION EXPLANATION
ALL OFFICERS' SALARIES ARE PAID BY A RELATED ORGANIZATION, THE CONNECTION FUND, INC., WHICH IS ALSO THE MANAGEMENT ORGANIZATION. THE BOARD OF DIRECTORS OF THE CONNECTION FUND, INC. REVIEWS A COMPENSATION SURVEY CONDUCTED BY CBIA AS WELL AS REVIEWS CURRENT EMPLOYMENT STATISTICS FOR THE POSITION FROM THE CONNECTICUT DEPARTMENT OF LABOR.

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349302592

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