Primecare Inc
- Assets
- $6.7m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 149
- Location
- Waterbury, CT
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 06-1317806
Organization Overview
Primecare Inc is located in Waterbury, CT. The organization was established in 1992. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Primecare Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Primecare 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, Primecare Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $18.3m during the year ending 06/2022. While expenses have increased by 2.5% 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
SERVICES TO HANDICAPPED AND DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL: 19 GROUP HOMES PROVIDING ROOM AND BOARD AND DEVELOPING SKILLS TO LIVE INDEPENDENTLY FOR THE DEVELOPMENTALLY DISABLED PERSONS.
DAY PROGRAM SERVICES: 3 LOCATIONS THAT PROVIDE VOCATIONAL TRAINING AND WORK OPPORTUNITIES IN A SPECIALIZED SETTING FOR THE DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark G Wrabel Rph Fascp Director | Trustee | 0.5 | $0 |
Pamela Bessette Director | Trustee | 0.5 | $0 |
Ryan Burns ESQ Director | Trustee | 0.5 | $0 |
Eric Frazer Psy D Director | Trustee | 0.5 | $0 |
Chris Conti Director | Trustee | 0.5 | $0 |
Richard Smyle President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,283,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,283,565 |
| Total Program Service Revenue | $1,758,707 |
| Investment income | $0 |
| 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 | $18,042,272 |
| 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 | $10,735,965 |
| Pension plan accruals and contributions | $71,930 |
| Other employee benefits | $1,259,198 |
| Payroll taxes | $923,293 |
| Fees for services: Management | $1,361,370 |
| Fees for services: Legal | $0 |
| 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 | $205,800 |
| Advertising and promotion | $0 |
| Office expenses | $93,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $909,451 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $464,316 |
| Insurance | $261,969 |
| All other expenses | $258,405 |
| Total functional expenses | $18,251,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,772,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,341 |
| 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 | $50,800 |
| Net Land, buildings, and equipment | $4,549,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,441 |
| Total assets | $6,738,120 |
| Accounts payable and accrued expenses | $847,686 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,007,022 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,194,211 |
| Total liabilities | $5,048,919 |
| Net assets without donor restrictions | $1,689,201 |
| 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 | $6,738,120 |