Southmayd Home Inc
- Assets
- $12.1m
- Revenue
- $2.2m
- Investments
- $11.2m
- Employees
- 0
- Location
- Waterbury, CT
- Founding
- 05/1939
- Data as of
- 09/2022
- EIN
- 06-0646903
Organization Overview
Southmayd Home Inc is located in Waterbury, CT. The organization was established in 1939. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southmayd Home 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 09/2022, Southmayd Home Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.6m during the year ending 09/2022. While expenses have increased by 1.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME FOR AGED-TOTAL BED CAPACITY IS 35
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Cunningham Executive Di | 40 | $79,647 | |
Mary Ann Chiarella President | 2 | $0 | |
Patricia Emons Vice Preside | 2 | $0 | |
Kimberly Pereira Treasurer | 2 | $0 | |
Mary Ann Daukas Secretary | 2 | $0 | |
Atty Mary Jane Ryan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $117,309 |
| Interest on Savings | $0 |
| Dividends & Interest | $277,887 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,237,580 |
| Capital Gain Net Income | $1,237,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $556,382 |
| Total Revenue | $2,189,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,647 |
| Other employee salaries and wages | $807,500 |
| Pension plans, employee benefits | $146,208 |
| Interest | $10,345 |
| Taxes | $0 |
| Depreciation | $43,137 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $391,106 |
| Total operating and administrative expenses | $1,557,683 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,557,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530 |
| Savings and temporary cash investments | $119,949 |
| Net Accounts receivable | $5,497 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $6,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $592,425 |
| Net Land, buildings, and equipment | $721,895 |
| Other assets | $12,000 |
| Total assets | $12,086,449 |
| Accounts payable and accrued expenses | $29,957 |
| Grants payable | $0 |
| Deferred revenue | $23,914 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $307,707 |
| Other liabilities | $0 |
| Total liabilities | $361,578 |