New England Kurn Hattin Homes
- Assets
- $63.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 106
- Location
- Westminster, VT
- Founding
- 06/1926
- Data as of
- 06/2022
- EIN
- 03-0179306
Organization Overview
New England Kurn Hattin Homes is located in Westminster, VT. The organization was established in 1926. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, New England Kurn Hattin Homes employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Kurn Hattin Homes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, New England Kurn Hattin Homes generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $13.4m during the year ending 06/2022. While expenses have increased by 13.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL HOME AND SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ENGLAND KURN HATTIN HOMES' PURPOSE IS TO PROVIDE HOMES AND EDUCATIONAL FACILITIES FOR CHILDREN FROM FAMILIES AFFECTED BY TRAGEDY AND SOCIAL OR ECONOMIC HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Harrison Executive Director | Officer | 40 | $149,502 |
Mark Bodin President | OfficerTrustee | 1 | $0 |
Sheldon Scott Member At Large | OfficerTrustee | 1 | $0 |
Christopher Hackett Vice President | OfficerTrustee | 1 | $0 |
Diane Bazin Secretary | OfficerTrustee | 1 | $0 |
Janet Wilson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,636 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,681,737 |
| Noncash contributions included in lines 1a–1f | $859,860 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,746,373 |
| Total Program Service Revenue | $64,659 |
| Investment income | $1,158,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,099,741 |
| Net Income from Fundraising Events | -$1,716 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,067,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,516 |
| Compensation of current officers, directors, key employees. | $25,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,163,811 |
| Pension plan accruals and contributions | $96,219 |
| Other employee benefits | $761,358 |
| Payroll taxes | $242,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,381 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,222,397 |
| Advertising and promotion | $6,373 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,985 |
| Travel | $47,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,542 |
| Insurance | $268,978 |
| All other expenses | $268,412 |
| Total functional expenses | $13,431,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,499,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,895 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,651 |
| Prepaid expenses and deferred charges | $2,308 |
| Net Land, buildings, and equipment | $3,378,913 |
| Investments—publicly traded securities | $43,016,264 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,801,197 |
| Total assets | $63,721,536 |
| Accounts payable and accrued expenses | $342,829 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,689,293 |
| Total liabilities | $7,032,122 |
| Net assets without donor restrictions | $18,942,827 |
| Net assets with donor restrictions | $37,746,587 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $63,721,536 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New England Kurn Hattin Homes has recieved totaling $11,435.
| Awarding Organization | Amount |
|---|---|
Mildred W & Charles P Page Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $11,435 |
Endowment Analysis
| Beg. Balance | $51,324,361 |
| Earnings | -$4,767,143 |
| Net Contributions | $19,488 |
| Other Expense | $4,701,300 |
| Ending Balance | $41,875,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbott House Irvington, NY | $21,964,456 | $48,325,456 |
Living Resources Corp Albany, NY | $27,600,860 | $48,007,513 |
Pathlight Inc Springfield, MA | $29,530,834 | $39,917,612 |
Womens League Community Residences Inc Brooklyn, NY | $30,529,251 | $39,206,945 |
Aabr Inc College Point, NY | $36,084,962 | $33,000,685 |
Fidelity House Inc Lawrence, MA | $21,086,605 | $35,056,835 |
Pathways Inc Corning, NY | $32,469,047 | $34,398,710 |
Multicultural Community Service Of The Pioneer Valley Inc Springfield, MA | $14,292,205 | $31,413,281 |
Guild For Exceptional Children Brooklyn, NY | $22,465,344 | $29,123,847 |
Childrens Home Of Poughkeepsie Ny Poughkeepsie, NY | $31,862,673 | $20,505,765 |
Elmcrest Childrens Center Inc Syracuse, NY | $37,848,520 | $27,658,349 |
Cardinal Hayes Home For Children Millbrook, NY | $18,538,009 | $25,412,089 |