Bacon & Hinkley Home Inc
- Assets
- $3.6m
- Revenue
- $553.9k
- Investments
- $3.0m
- Employees
- 0
- Location
- New London, CT
- Founding
- 11/1943
- Data as of
- 09/2021
- EIN
- 06-0662103
Organization Overview
Bacon & Hinkley Home Inc is located in New London, CT. The organization was established in 1943. 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. Bacon & Hinkley 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 09/2021, Bacon & Hinkley Home Inc generated $553.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $686.2k during the year ending 09/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A HOME FOR THE AGED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Foye Administrator | 40 | $49,232 | |
Brenda Tompkins Executive Direc | 60 | $39,036 | |
Glenn A Hamler Director | 1 | $0 | |
Glenna M Moalli President | 3 | $0 | |
Daniel E Moalli Secretary | 1 | $0 | |
Christian Driscoll Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $118,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,918 |
| Capital Gain Net Income | $48,918 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $386,583 |
| Total Revenue | $553,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,237 |
| Other employee salaries and wages | $209,133 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,225 |
| Depreciation | $28,090 |
| Occupancy | $28,215 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $188,677 |
| Total operating and administrative expenses | $686,218 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $686,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,032 |
| Savings and temporary cash investments | $115,481 |
| Net Accounts receivable | $18,470 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $13,569 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $409,537 |
| Other assets | $0 |
| Total assets | $3,571,913 |
| Accounts payable and accrued expenses | $14,340 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rcap Solutions Inc Worcester, MA | $9,084,523 | $86,440,230 |
Homes For Our Troops Inc Taunton, MA | $32,216,870 | $35,704,270 |
Community Housing Innovations Inc White Plains, NY | $68,684,135 | $30,486,174 |
Educational Housing Services Inc New York, NY | $147,607,496 | $20,918,839 |
Vanderheyden Hall Inc Wynantskill, NY | $10,154,920 | $26,980,074 |
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |