Crosby Commons Inc
- Assets
- $9.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 40
- Location
- Shelton, CT
- Founding
- 04/1998
- Data as of
- 09/2021
- EIN
- 06-1505334
Organization Overview
Crosby Commons Inc is located in Shelton, CT. The organization was established in 1998. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2021, Crosby Commons Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosby Commons 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 09/2021, Crosby Commons Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.2m during the year ending 09/2021. 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 PROVIDE ASSISTED LIVING APARTMENTS AND WELLNESS PROGRAMS TO SENIOR ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A 68 UNIT MANAGED RESIDENTIAL FACILITY WHICH SERVES SENIORS WHO MAY REQUIRE ASSISTANCE WITH DAILY LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Pisani Director/executive Director | OfficerTrustee | 40 | $125,239 |
David M Lawlor President/chairman | OfficerTrustee | 1 | $0 |
Zvonimir Jukic Director/treasurer | OfficerTrustee | 1 | $0 |
Victoria Dompierre Director/secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Methodist Homes Inc Mgmt. Svcs. & Overhead Costs Reimb | 9/29/21 | $1,052,892 |
Gr Sheehy Construction Llc Construction | 9/29/21 | $139,501 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,030 |
| 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 | $400,030 |
| Total Program Service Revenue | $3,801,768 |
| Investment income | $6 |
| 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 | $4,207,766 |
| 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. | $163,762 |
| Compensation of current officers, directors, key employees. | $40,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $937,825 |
| Pension plan accruals and contributions | $18,043 |
| Other employee benefits | $92,273 |
| Payroll taxes | $96,027 |
| Fees for services: Management | $1,052,892 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,466 |
| Advertising and promotion | $614 |
| Office expenses | $56,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $499,572 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $596 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397,113 |
| Insurance | $81,550 |
| All other expenses | $9,682 |
| Total functional expenses | $4,225,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,130 |
| Savings and temporary cash investments | $225,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,111 |
| 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 | $80,839 |
| Net Land, buildings, and equipment | $4,735,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,565,640 |
| Total assets | $9,027,675 |
| Accounts payable and accrued expenses | $291,948 |
| Grants payable | $0 |
| Deferred revenue | $7,920 |
| Tax-exempt bond liabilities | $3,688,599 |
| Escrow or custodial account liability | $11,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $295,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,295,207 |
| Net assets without donor restrictions | $4,732,468 |
| 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 | $9,027,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Tockwotton Home East Providence, RI | $58,805,077 | $16,474,278 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Ideal Senior Living Center Inc Endicott, NY | $4,125,598 | $9,831,124 |
Umh Ny Corp Binghamton, NY | $26,934,829 | $15,740,065 |
Dominican Village Inc Amityville, NY | $22,734,655 | $14,615,410 |
Berkshire Retirement Community Inc Pittsfield, MA | $61,644,356 | $15,914,894 |
Ascentria Care Alliance Inc Brighton, MA | $25,108,514 | $14,345,102 |
United Helpers Canton Nursing Home Canton, NY | $22,283,409 | $12,202,470 |
Elizabeth Seton Residence Inc Wellesley Hills, MA | $5,370,096 | $14,190,879 |
Pomperaug Woods Inc Southbury, CT | $21,221,148 | $10,901,688 |
Glen Arden Incorporated Goshen, NY | $23,205,708 | $11,845,852 |