The Village For Families & Children Inc
- Assets
- $133.7m
- Revenue
- $46.0m
- Investments
- $0.0
- Employees
- 696
- Location
- Hartford, CT
- Founding
- 04/1953
- Data as of
- 06/2022
- EIN
- 06-0668594
Organization Overview
The Village For Families & Children Inc is located in Hartford, CT. The organization was established in 1953. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Village For Families & Children Inc employed 696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village For Families & Children 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 06/2022, Village For Families & Children Inc generated $46.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $46.0m during the year ending 06/2022. While expenses have increased by 6.7% 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 BUILD A COMMUNITY OF STRONG, HEALTHY FAMILIES WHO PROTECT AND NUTURE CHILDREN THROUGH ADOPTION, TREATMENT AND FAMILY/COMMUNITY SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTENSIVE CHILDREN'S SERVICES - PROVIDED FAMILY AND COMMUNITY BASED SERVICES FOR CHILDREN AND FAMILIES THAT HAVE EXPERIENCED OR ARE AT RISK OF ABUSE, NEGLECT AND FAMILY DISRUPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Galo A Rodriguez MPH President & CEO | OfficerTrustee | 40 | $395,162 |
John Turgeon Chair | OfficerTrustee | 1 | $0 |
Curt Cameron Vice Chair | OfficerTrustee | 1 | $0 |
Cathy Iacovazzi Secretary | OfficerTrustee | 1 | $0 |
Andrew Baldassarre Director | Trustee | 1 | $0 |
Ellie Benson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Novus Insight Inc It Management/consulting Services | 6/29/22 | $338,595 |
Healthy Source Food Service Food For Residential Programs | 6/29/22 | $334,392 |
Makiaris Media Marketing And Promotion Services | 6/29/22 | $285,637 |
Qualifacts Emr And Billing Software And Support | 6/29/22 | $208,931 |
Delcon Cleaning Services | 6/29/22 | $278,343 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $202,432 |
| Related organizations | $0 |
| Government grants | $23,570,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,605,943 |
| Noncash contributions included in lines 1a–1f | $138,453 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,379,174 |
| Total Program Service Revenue | $16,202,640 |
| Investment income | $4,280,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,091 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,998,771 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,022,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,133,404 |
| Payroll taxes | $1,990,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,205 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,375,569 |
| Advertising and promotion | $0 |
| Office expenses | $909,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,707,371 |
| Travel | $291,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,071,050 |
| Insurance | $468,402 |
| All other expenses | $101,415 |
| Total functional expenses | $46,038,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,174,108 |
| Savings and temporary cash investments | $860,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,820,813 |
| 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 | $178,305 |
| Net Land, buildings, and equipment | $18,743,398 |
| Investments—publicly traded securities | $26,269,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,694,365 |
| Total assets | $133,740,657 |
| Accounts payable and accrued expenses | $4,359,425 |
| Grants payable | $0 |
| Deferred revenue | $2,713,221 |
| 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 | $13,781,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $217,565 |
| Total liabilities | $21,071,875 |
| Net assets without donor restrictions | $42,032,031 |
| Net assets with donor restrictions | $70,636,751 |
| 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 | $133,740,657 |