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Nonprofiteer
← ANCHOR HEALTH INITIATIVE CORPORATION

Form 990 for tax year 2024

Filed by ANCHOR HEALTH INITIATIVE CORPORATION.

Totals

Total revenue
$11,354,314
Total expenses
$11,879,493
Contributions and grants received
$376,708
Grants paid
$14,450
Program service revenue
$10,976,806
Investment income
$800
Other revenue
$0
Total assets, end of year
$2,488,390
Total liabilities, end of year
$4,771,970
Net assets or fund balances, end of year
-$2,283,580
Program services expenses (Part IX)
$11,147,053
Management and general expenses
$617,682
Fundraising expenses
$114,758
Program service expenses (Part III)
$11,147,053

Program services were 93.8% 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.

  • 1f · All other contributions, gifts and grants

    $376,708

  • 2a · Program service revenue: PHARMACY

    total $9,069,900 · related or exempt $9,069,900

  • 2b · Program service revenue: MEDICAL SERVICES

    total $1,869,184 · related or exempt $1,869,184

  • 2c · Program service revenue: OTHER

    total $37,722 · related or exempt $37,722

  • 3 · Investment income

    total $800 · excluded $800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,450 · program services $14,450

  • 5 · Compensation of officers, directors and key employees

    total $444,892 · program services $356,676 · management and general $88,216

  • 7 · Other salaries and wages

    total $2,658,412 · program services $2,439,960 · management and general $136,650 · fundraising $81,802

  • 8 · Pension plan contributions

    total $61,621 · program services $55,978 · management and general $2,991 · fundraising $2,652

  • 9 · Other employee benefits

    total $372,518 · program services $323,543 · management and general $34,590 · fundraising $14,385

  • 10 · Payroll taxes

    total $316,477 · program services $280,241 · management and general $26,390 · fundraising $9,846

  • 11b · Fees: legal

    total $17,948 · management and general $17,948

  • 11c · Fees: accounting

    total $152,520 · management and general $152,520

  • 11g · Fees: other

    total $151,653 · program services $56,993 · management and general $94,660

  • 12 · Advertising and promotion

    total $51,055 · program services $51,055

  • 13 · Office expenses

    total $310,143 · program services $295,112 · management and general $8,958 · fundraising $6,073

  • 14 · Information technology

    total $47,760 · management and general $47,760

  • 16 · Occupancy

    total $404,598 · program services $398,996 · management and general $5,602

  • 17 · Travel

    total $41,013 · program services $41,013

  • 20 · Interest

    total $111,017 · program services $111,017

  • 22 · Depreciation, depletion and amortization

    total $38,233 · program services $37,703 · management and general $530

  • 23 · Insurance

    total $50,956 · program services $50,251 · management and general $705

  • 24a · Other expenses: PHARMACEUTICAL SERVICES

    total $6,590,852 · program services $6,590,852

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $31,640 · program services $31,640

  • 24c · Other expenses: TRAVEL, MEALS, AND ENTE

    total $11,735 · program services $11,573 · management and general $162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $304,490 · end of year $268,694

  • 2 · Savings and temporary cash investments

    beginning of year $8,756 · end of year $3,673

  • 3 · Pledges and grants receivable

    beginning of year $71,257 · end of year $62,380

  • 4 · Accounts receivable

    beginning of year $283,715 · end of year $573,896

  • 7 · Other notes and loans receivable

    beginning of year $33,803 · end of year $36,042

  • 8 · Inventories for sale or use

    beginning of year $139,481 · end of year $192,703

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

    $453,448

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

    $281,590

  • 10c · Land, buildings and equipment, net

    beginning of year $210,091 · end of year $171,858

  • 15 · Other assets

    beginning of year $10,469 · end of year $1,179,144

  • 17 · Accounts payable and accrued expenses

    beginning of year $526,234 · end of year $1,222,096

  • 22 · Loans and payables to officers and key people

    beginning of year $1,896,400 · end of year $1,025,079

  • 24 · Unsecured notes and loans payable

    beginning of year $282,222 · end of year $1,287,603

  • 25 · Other liabilities

    beginning of year $108,469 · end of year $1,237,192

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,751,263 · end of year -$2,283,580

Mission and programs · 2024

Mission

ANCHOR HEALTH IS CONNECTICUT'S LEADING HEALTH CENTER FOR THE LGBTQ COMMUNITY. WE PROVIDE GROUNDBREAKING, RADICALLY INCLUSIVE, GENDER-AFFIRMING, AND SEX-POSITIVE MEDICAL, MENTAL HEALTH, AND PHARMACY CARE AS WELL AS SUPPORTIVE SERVICES TO THOUSANDS OF PATIENTS ACROSS CONNECTICUT AND BEYOND. ANCHOR HEALTH CONTINUOUSLY WORKS TO ADVANCE HEALTH EQUITY FOR LGBTQ PEOPLE THROUGH ADVOCACY, COMMUNITY-BUILDING, EDUCATION, AND RESEARCH. WE ARE HEALTH CARE FOR QUEER PEOPLE BY QUEER PEOPLE.

  • ANCHOR HEALTH PHARMACY'S MISSION IS TO DISPENSE MEDICATIONS TO UNDER-SERVED PATIENT POPULATIONS IN CONJUNCTION WITH THE CLINICAL CARE RECEIVED FROM THE ANCHOR HEALTH CLINIC. THIS SPECIFICALLY INCLUDES PATIENTS WITH HIV AND SEEKING GENDER AFFIRMING CARE/TRANSGENDER ASSISTANCE.

    Expenses $6,502,188 · Revenue $9,079,999

  • ANCHOR HEALTH INITIATIVE CORP. OPERATES TWO CLINICS THAT PROVIDE MEDICAL SERVICES TO THE LGBTQ+ COMMUNITY AS WELL AS OTHER UNDER-SERVED PATIENT POPULATIONS, WITH SERVICES INCLUDING GENERAL CHECKUPS, GENDER AFFIRMING CARE, SEXUAL HEALTH MEDICAL SERVICES, AND HIV CARE.

    Expenses $4,644,865 · Grants $14,450 · Revenue $1,896,807

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PATRICIA CHADWICK

    TREASURER/CFO/CEO

    Total calculated
    $0
    Hours/week
    40

  • PETER KELLY

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    6

  • MICHAEL CRISP

    VICE BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DAVID GRIMES

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN CHUKUMBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ALISON COLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ADRIAN DEMIDONT

    BOARD MEMBER, THRU 1/18/24

    Total calculated
    $0
    Hours/week
    1

  • JEAN DOYEN DE MONTAILLOU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MAEVE DUVALLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • IAN STUART MYERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NGOZI NNAJI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHAN SANTIAGO-PAGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER ADAMS

    CHIEF OPERATING OFFICER

    Total calculated
    $176,434
    From this org
    $164,452
    From related orgs
    $0
    Other
    $11,982
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,340
    Bonus
    $4,000
    Other
    $112
    Deferred
    $6,785
    Nontaxable benefits
    $5,197
    Filer's total
    $176,434

  • JOSEPH X CANARIE

    CHIEF MEDICAL OFFICER

    Total calculated
    $268,459
    From this org
    $244,165
    From related orgs
    $0
    Other
    $24,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,955
    Bonus
    $4,000
    Other
    $210
    Deferred
    $7,758
    Nontaxable benefits
    $16,536
    Filer's total
    $268,459

  • REIA MASSARO

    APRN

    Total calculated
    $164,536
    From this org
    $140,763
    From related orgs
    $0
    Other
    $23,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,175
    Bonus
    $2,500
    Other
    $88
    Deferred
    $5,487
    Nontaxable benefits
    $18,286
    Filer's total
    $164,536

  • SHARON SUTTON ALKERSTEDT

    APRN

    Total calculated
    $192,723
    From this org
    $169,400
    From related orgs
    $0
    Other
    $23,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,331
    Bonus
    $2,750
    Other
    $319
    Deferred
    $3,890
    Nontaxable benefits
    $19,433
    Filer's total
    $192,723

  • CHRISTIAN O CRUZ-PINTO

    COMPLIANCE & PRIVACY OFFICER

    Total calculated
    $122,917
    From this org
    $102,175
    From related orgs
    $0
    Other
    $20,742
    Hours/week
    30

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 7
EMPLOYEES OF THE ORGANIZATION RECEIVED BOARD DISCRETIONARY BONUES IN THEIR 2024 W-2S AS REPORTED IN 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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349327405

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