The Bradley Home
- Assets
- $29.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 122
- Location
- Meriden, CT
- Founding
- 10/1936
- Data as of
- 09/2022
- EIN
- 06-0646552
Organization Overview
The Bradley Home is located in Meriden, CT. The organization was established in 1936. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2022, Bradley Home employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradley Home 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 09/2022, Bradley Home generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $8.6m during the year ending 09/2022. While expenses have increased by 2.6% 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
TO PROVIDE A COMPASSIONATE COMMUNITY WHERE LOVING CARE ENABLES AGED AND INDIGENT INDIVIDUALS FROM MERIDEN AND CONNECTICUT TO LIVE WITH DIGNITY IN A SECURE, HOMELIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING A HOME AND PROVIDING CARE FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Savard Executive Director | Officer | 40 | $203,623 |
Carol Nelligan Director Of Nursing Servic | 40 | $144,467 | |
Anne Dembski Chief Operations Officer | Officer | 40 | $124,815 |
Joseph Feest Chairperson | OfficerTrustee | 1 | $0 |
Michael Macri Second Vice Chairperson | OfficerTrustee | 1 | $0 |
Dennis Ceneviva Immediate Past Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $871,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $888,936 |
| Total Program Service Revenue | $4,505,792 |
| Investment income | $507,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,904 |
| Net Gain/Loss on Asset Sales | $1,005,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,057,563 |
| 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. | $371,903 |
| Compensation of current officers, directors, key employees. | $74,381 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,817,703 |
| Pension plan accruals and contributions | $99,488 |
| Other employee benefits | $687,223 |
| Payroll taxes | $299,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,136 |
| Fees for services: Accounting | $58,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $146,484 |
| Fees for services: Other | $140,254 |
| Advertising and promotion | $0 |
| Office expenses | $57,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,035,539 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,321 |
| Interest | $71,956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,349 |
| Insurance | $105,498 |
| All other expenses | $10,078 |
| Total functional expenses | $8,592,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667 |
| Savings and temporary cash investments | $662,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,877 |
| 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 | $24,275 |
| Net Land, buildings, and equipment | $9,752,678 |
| Investments—publicly traded securities | $18,406,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $298,198 |
| Total assets | $29,520,019 |
| Accounts payable and accrued expenses | $1,134,037 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $91,613 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,302,151 |
| Unsecured mortgages and notes payable | $31,062 |
| Other liabilities | $0 |
| Total liabilities | $7,558,863 |
| Net assets without donor restrictions | $21,961,156 |
| Net assets with donor restrictions | $0 |
| 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 | $29,520,019 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Bradley Home has recieved totaling $5,621.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $5,621 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Tockwotton Home East Providence, RI | $58,805,077 | $16,474,278 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Ideal Senior Living Center Inc Endicott, NY | $4,125,598 | $9,831,124 |
Umh Ny Corp Binghamton, NY | $26,934,829 | $15,740,065 |
Dominican Village Inc Amityville, NY | $22,734,655 | $14,615,410 |
Berkshire Retirement Community Inc Pittsfield, MA | $61,644,356 | $15,914,894 |
Ascentria Care Alliance Inc Brighton, MA | $25,108,514 | $14,345,102 |
United Helpers Canton Nursing Home Canton, NY | $22,283,409 | $12,202,470 |
Elizabeth Seton Residence Inc Wellesley Hills, MA | $5,370,096 | $14,190,879 |
Pomperaug Woods Inc Southbury, CT | $21,221,148 | $10,901,688 |
Glen Arden Incorporated Goshen, NY | $23,205,708 | $11,845,852 |