The Village For Families & Children Inc
- Assets
- $142.4m
- Revenue
- $47.1m
- Investments
- $0.0
- Employees
- 637
- Location
- Hartford, CT
- Founding
- 04/1953
- Data as of
- 06/2021
- 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 06/2021, Village For Families & Children Inc employed 637 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 06/2021, Village For Families & Children Inc generated $47.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $42.1m during the year ending 06/2021. While expenses have increased by 6.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 | $288,819 |
Julie Volpe MD Psychiatrist | 24 | $187,464 | |
Hector Glynn COO | 40 | $172,578 | |
Martin Morrisey CFO | Officer | 40 | $172,195 |
Eric Geigle MD Psychiatrist | 32 | $168,997 | |
Steven Moore Vp, New Business Development | 40 | $136,404 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthy Source Food Service Food For Residential Programs | 6/29/21 | $313,710 |
Pac Group Construction Management | 6/29/21 | $1,185,107 |
Air Temp Mechanical Services Hvac Maintenance And Repair | 6/29/21 | $226,822 |
Delcon Cleaning Services | 6/29/21 | $208,398 |
Qualifacts Emr And Billing Software And Support | 6/29/21 | $180,849 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $205,099 |
| Related organizations | $0 |
| Government grants | $26,608,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,762,427 |
| Noncash contributions included in lines 1a–1f | $104,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,576,357 |
| Total Program Service Revenue | $14,647,572 |
| Investment income | $4,041,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$233,873 |
| Net Income from Fundraising Events | $398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,142,343 |
| 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 | $24,708,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,878,499 |
| Payroll taxes | $3,658,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,109,858 |
| Advertising and promotion | $0 |
| Office expenses | $803,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,496,625 |
| Travel | $182,526 |
| 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 | $1,088,815 |
| Insurance | $246,726 |
| All other expenses | $47,775 |
| Total functional expenses | $42,132,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,081,862 |
| Savings and temporary cash investments | $303,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,701,049 |
| 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 | $504,141 |
| Net Land, buildings, and equipment | $14,653,822 |
| Investments—publicly traded securities | $32,153,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,977,724 |
| Total assets | $142,375,590 |
| Accounts payable and accrued expenses | $4,160,641 |
| Grants payable | $0 |
| Deferred revenue | $1,628,126 |
| 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 | $6,478,450 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $205,377 |
| Total liabilities | $12,472,594 |
| Net assets without donor restrictions | $46,822,349 |
| Net assets with donor restrictions | $83,080,647 |
| 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 | $142,375,590 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Village For Families & Children Inc has recieved totaling $134,601.
| Awarding Organization | Amount |
|---|---|
Smith Winchell Est Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $127,101 |
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: THE VILLAGE FINANCIAL OPPORTUNITY CENTER | $7,500 |
Endowment Analysis
| Beg. Balance | $26,632,375 |
| Earnings | $6,874,617 |
| Other Expense | $1,050,000 |
| Ending Balance | $32,456,992 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Health Center Of Worcester Inc Worcester, MA | $12,676,950 | $56,870,646 |
Family Service League Inc Huntington, NY | $59,056,765 | $58,964,732 |
The Village For Families & Children Inc Hartford, CT | $142,375,590 | $47,142,343 |
East Bay Community Action Program Newport, RI | $25,998,847 | $43,894,385 |
Wayside Youth & Family Support Network Framingham, MA | $43,783,869 | $41,380,096 |
Child & Family Services Inc New Bedford, MA | $21,919,965 | $37,057,328 |
Family Services Of Westchester Inc Purchase, NY | $15,513,115 | $28,897,436 |
Child & Family Services Of Erie County Buffalo, NY | $11,859,007 | $28,079,728 |
Cooke School And Institute New York, NY | $87,858,830 | $28,836,846 |
Jewish Family And Childrens Service Waltham, MA | $38,756,432 | $27,576,900 |
Catholic Charities Inc Archdiocese Of Hartford Hartford, CT | $26,530,835 | $26,513,389 |
Family Service Association Of Greater Fall River Inc Fall River, MA | $29,353,620 | $20,876,464 |