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Nonprofiteer
← CONNECTION FUND - JEFFERSON

Form 990 for tax year 2023

Filed by CONNECTION FUND - JEFFERSON.

Totals

Total revenue
$209,429
Total expenses
$331,108
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$206,083
Investment income
$2,244
Other revenue
$1,102
Total assets, end of year
$3,342,355
Total liabilities, end of year
$4,408,284
Net assets or fund balances, end of year
-$1,065,929
Program services expenses (Part IX)
$284,840
Management and general expenses
$46,268
Fundraising expenses
$0
Program service expenses (Part III)
$284,840

Program services were 86.0% 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 $206,083 · related or exempt $206,083

  • 3 · Investment income

    total $2,244 · excluded $2,244

  • 11d · All other revenue

    total $1,102 · related or exempt $1,102

  • 11e · Other revenue, total

    $1,102

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $46,237 · program services $46,237

  • 9 · Other employee benefits

    total $10,743 · program services $10,743

  • 10 · Payroll taxes

    total $4,533 · program services $4,533

  • 11a · Fees: management

    total $14,483 · management and general $14,483

  • 11c · Fees: accounting

    total $14,840 · management and general $14,840

  • 13 · Office expenses

    total $13,648 · management and general $13,648

  • 16 · Occupancy

    total $108,503 · program services $108,503

  • 20 · Interest

    total $757 · management and general $757

  • 22 · Depreciation, depletion and amortization

    total $101,819 · program services $101,819

  • 23 · Insurance

    total $13,005 · program services $13,005

  • 24a · Other expenses: MISCELLANEOUS

    total $2,540 · management and general $2,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $747 · end of year $33,040

  • 4 · Accounts receivable

    beginning of year $45,743 · end of year $26,873

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

    $4,125,467

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

    $929,513

  • 10c · Land, buildings and equipment, net

    beginning of year $3,285,974 · end of year $3,195,954

  • 15 · Other assets

    beginning of year $114,176 · end of year $86,488

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,993 · end of year $162,630

  • 24 · Unsecured notes and loans payable

    beginning of year $4,238,106 · end of year $4,238,863

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year -$944,250 · end of year -$1,065,929

Mission and programs · 2023

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 $284,840 · Revenue $207,185

As filed on the 2023 return.

Listed in Part VII

  • Gary Wallace

    CHAIR

    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
    $0
    From related orgs
    $384,768
    Other
    $43,192
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

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

  • Stephen Abshire

    CFO

    Total calculated
    $325,063
    From this org
    $0
    From related orgs
    $273,863
    Other
    $51,200
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

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

  • Beth Connor

    CHIEF PROGRAM OFFICER

    Total calculated
    $267,251
    From this org
    $0
    From related orgs
    $251,856
    Other
    $15,395
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,856 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,349 related
    Nontaxable benefits
    $0 + $46 related
    Filer's total
    $0 + $267,251 related

  • Jessica Smith

    DEPUTY CHIEF OF BUSINESS DEVELOPMENT

    Total calculated
    $189,244
    From this org
    $0
    From related orgs
    $165,404
    Other
    $23,840
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

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

  • Susan Phillips

    DIRECTOR OF QUALITY, INFORMATION, RISK

    Total calculated
    $144,174
    From this org
    $0
    From related orgs
    $123,446
    Other
    $20,728
    Hours/week
    1 + 45 related

  • John Gorcynski

    DIRECTOR OF FINANCE

    Total calculated
    $145,483
    From this org
    $0
    From related orgs
    $125,208
    Other
    $20,275
    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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349305018

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