Codac Inc
- Assets
- $7.9m
- Revenue
- $20.6m
- Investments
- $0.0
- Employees
- 259
- Location
- Cranston, RI
- Founding
- 05/1991
- Data as of
- 06/2021
- EIN
- 05-0414696
Organization Overview
Codac Inc is located in Cranston, RI. The organization was established in 1991. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Codac Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Codac Inc 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 06/2021, Codac Inc generated $20.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $18.0m during the year ending 06/2021. While expenses have increased by 12.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST STANDARD OF BEHAVIORAL HEALTH SERVICES IN A RECOVERY ORIENTED SYSTEM OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE METHADONE MAINTENANCE PROGRAM IS A MEDICATED ASSISTED TREATMENT CENTER WHICH PROVIDED SERVICES TO APPROXIMATELY 4,220 PATIENTS THROUGHOUT THE YEAR.
THE SUBSTANCE ABUSE TREATMENT IS A GENERAL OUTPATIENT TREATMENT PROGRAM WHICH PROVIDED SERVICES TO APPROXIMATELY 2,170 PATIENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Walton Physician Assistant | 40 | $175,269 | |
Gladys Rivera Aprn Nurse Pracitioner | 40 | $165,280 | |
Linda Hurley President/ceo | Officer | 40 | $161,935 |
Taylor Lynn Physician | 40 | $160,831 | |
Michelle Crandall Aprn Nurse Pracitioner | 40 | $146,764 | |
Alisha Bourdeau Chief Financial Officer | Officer | 40 | $141,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,152,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,154,291 |
| Total Program Service Revenue | $14,406,660 |
| Investment income | $1,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,562,671 |
| 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. | $305,209 |
| Compensation of current officers, directors, key employees. | $305,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,965,157 |
| Pension plan accruals and contributions | $85,422 |
| Other employee benefits | $1,014,474 |
| Payroll taxes | $806,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,060 |
| Fees for services: Accounting | $39,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,140 |
| Office expenses | $91,641 |
| Information technology | $597,742 |
| Royalties | $0 |
| Occupancy | $520,482 |
| Travel | $28,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,859 |
| Insurance | $170,451 |
| All other expenses | $1,297,762 |
| Total functional expenses | $17,995,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,810,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $162,982 |
| Net Land, buildings, and equipment | $1,378,796 |
| Investments—publicly traded securities | $802,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $46,585 |
| Other assets | $0 |
| Total assets | $7,883,380 |
| Accounts payable and accrued expenses | $1,241,660 |
| 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 | $0 |
| Total liabilities | $1,241,660 |
| Net assets without donor restrictions | $6,489,985 |
| Net assets with donor restrictions | $151,735 |
| 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 | $7,883,380 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Codac Inc has recieved totaling $178,121.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING; COVID-19 ACCESS TO TELEHEALTH SERVICES, MENTAL HEALTH & OPIOID USE DISORDERS, UNCOVERED BY SPRINT; PROGRAM SUPPORT | $87,000 |
Van Beuren Charitable Foundation Inc New York, NY PURPOSE: EQUIPMENT FOR PRIMARY CARE SERVICES | $66,121 |
Molina Healthcare Charitable Foundation Wilmington, DE PURPOSE: OTP INFRASTRUCTURE FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Connection Inc Middletown, CT | $7,357,877 | $41,021,166 |
Rushford Center Inc Meriden, CT | $17,459,566 | $30,918,897 |
Gosnold Inc Falmouth, MA | $11,214,398 | $30,130,611 |
Gateway Healthcare Inc Providence, RI | $13,387,913 | $29,233,767 |
High Watch Recovery Center Inc Kent, CT | $58,339,466 | $32,591,773 |
Phoenix Houses Of New England Inc Providence, RI | $7,214,253 | $20,063,778 |
Victory Programs Inc Boston, MA | $13,484,459 | $20,494,134 |
Codac Inc Cranston, RI | $7,883,380 | $20,562,671 |
Midwestern Connecticut Council Of Alcoholism Inc Danbury, CT | $14,682,588 | $14,280,578 |
Connecticut Renaissance Inc Shelton, CT | $3,197,741 | $13,899,862 |
Casa Esperanza Inc Roxbury, MA | $7,692,330 | $13,392,453 |
Steppingstone Inc Fall River, MA | $5,324,915 | $12,106,634 |