The Mary Wade Home Incorporated

Organization Overview

The Mary Wade Home Incorporated is located in New Haven, CT. The organization was established in 1934. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2021, Mary Wade Home Incorporated employed 343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Wade Home Incorporated 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, Mary Wade Home Incorporated generated $15.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $16.0m during the year ending 09/2021. While expenses have increased by 0.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THOSE IN NEED WITH THE HIGHEST QUALITY OF SUPERVISED SKILLED NURSING, RESIDENTIAL SERVICES, HOME CARE, SOCIAL AND MEDICAL PROGRAMS IN ORDER TO MAINTAIN THE RESIDENT'S INDIVIDUALITY IN OUR DIGNIFIED, CARING, AND CONTINUALLY GROWING COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES LONG TERM CARE TO THE ELDERLY. THE PROGRAMS OFFER SKILLED NURSING SERVICES, FULL REHABILITATIVE THERAPY, AS WELL AS FOOD AND SHELTER. APPROXIMATELY 88% OF THE SERVICES ARE PROVIDED TO THE ELDERLY WHO PARTICIPATE IN THE MEDICARE AND MEDICAID PROGRAMS.


ADULT DAY CARE - PROVIDES ADULT DAY CARE PROGRAMS AND TRANSPORTATION SERVICES TO A DIVERSE GROUP OF ELDERLY CONSUMERS. THE DYNAMIC NEEDS OF EACH PERSON ARE MET WITH CONTINUOUSLY EVOLVING CARE AND SERVICE.


OPERATES A RESIDENTIAL CARE FACILITY. THIS SERVICE PROVIDES FOOD AND SHELTER TO THE ELDERLY WHO CANNOT LIVE INDEPENDENTLY BUT ARE NOT IN NEED OF SKILLED NURSING CARE.


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Board, Officers & Key Employees

Name (title)Compensation
David Hunter
President & CEO
$164,657
Kara Taylor
Director Of Clinical Servi
$137,628
Stanley Decosta
Administrator
$114,862
Lisa Hottin
Director Of Development
$111,894
William Ginter
CFO
$97,933
Harold S Spitzer
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Healthpro Heritage
Therapy Services
$645,839
Cama
Construction
$114,000
Larry M Stewart
Construction Mgmt
$104,109
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$58,792
Related organizations$400,000
Government grants $2,620,489
All other contributions, gifts, grants, and similar amounts not included above$46,497
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,125,778
Total Program Service Revenue$12,461,155
Investment income $8,761
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$45,440
Net Gain/Loss on Asset Sales $3,146
Net Income from Fundraising Events -$1,542
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,584,704

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Mary Wade Home Incorporated has recieved totaling $66,309.

Awarding OrganizationAmount
Agency On Aging Of South Central Connecticut Inc

North Haven, CT

PURPOSE: SOCIAL SERVICE

$66,309
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$22,705,066
Earnings$4,469,868
Admin Expense$129,927
Net Contributions$5,048,531
Other Expense$6,018,522
Ending Balance$26,075,016

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