Charter Oak Health Center Inc
- Assets
- $28.3m
- Revenue
- $22.3m
- Investments
- $83.3k
- Employees
- 256
- Location
- Hartford, CT
- Founding
- 02/1979
- Data as of
- 06/2023
- EIN
- 06-0986747
Organization Overview
Charter Oak Health Center Inc is located in Hartford, CT. The organization was established in 1979. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2023, Charter Oak Health Center Inc employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter Oak Health Center 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 06/2023, Charter Oak Health Center Inc generated $22.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $22.2m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTHIER COMMUNITIES BY PROVIDING QUALITY, SAFE, PATIENT-CENTERED HEALTH CARE SERVICES IN MEDICALLY UNDERSERVED AREAS, REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRIMARY HEALTH CARE TO AREA RESIDENTS REGARDLESS OF THEIR CURRENT PERSONAL FINANCIAL SITUATION AND ABILITY TO REPAY BENEFITS PROVIDED TO THEM.
PROVIDE PRIMARY MENTAL HEALTH CARE & COUNSELING SERVICES, AS WELL AS PROVIDE PRESCRIPTION MEDICATIONS TO THE RESIDENTS OF THE SURROUNDING AREA.
PROVIDE PRIMARY DENTAL CARE TO THE RESIDENTS OF THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Ricardo Wood PHD Chairperson | OfficerTrustee | 3 | $0 |
Betty Hardy Outgoing Immediate Past Chair | OfficerTrustee | 3 | $0 |
Brenda Bradley Outgoing Director | Trustee | 3 | $0 |
Cladius Mcnish Director | Trustee | 3 | $0 |
Eileen Alvarado Director | Trustee | 3 | $0 |
Joan Cruz Outgoing Director | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eclinical Works Llc Emr - Epm Billing System | 6/29/23 | $739,474 |
Healthy Hartford Chiropractic Llc Contracted Chiropractic Services | 6/29/23 | $243,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,857 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,580,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $678,060 |
| Noncash contributions included in lines 1a–1f | $288,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,278,189 |
| Total Program Service Revenue | $11,887,153 |
| Investment income | $84,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,265,059 |
| 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. | $540,592 |
| Compensation of current officers, directors, key employees. | $107,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,186,989 |
| Pension plan accruals and contributions | $142,157 |
| Other employee benefits | $955,778 |
| Payroll taxes | $1,000,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,806 |
| Fees for services: Accounting | $78,864 |
| Fees for services: Lobbying | $60,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,353,180 |
| Advertising and promotion | $97,838 |
| Office expenses | $214,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $777,659 |
| Travel | $31,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,892 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,089,320 |
| Insurance | $163,320 |
| All other expenses | $343,217 |
| Total functional expenses | $22,237,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,672,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $260,093 |
| Accounts receivable, net | $801,437 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,953 |
| Prepaid expenses and deferred charges | $194,445 |
| Net Land, buildings, and equipment | $12,906,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $83,333 |
| Investments—program-related | $0 |
| Intangible assets | $45,150 |
| Other assets | $287,427 |
| Total assets | $28,304,287 |
| Accounts payable and accrued expenses | $1,553,080 |
| Grants payable | $0 |
| Deferred revenue | $539,467 |
| 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 | $231,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $360,521 |
| Total liabilities | $2,684,329 |
| Net assets without donor restrictions | $25,619,958 |
| Net assets with donor restrictions | $0 |
| 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 | $28,304,287 |