Vinfen Corporation Of Connecticut Inc
- Assets
- $10.0m
- Revenue
- $20.7m
- Investments
- $0.0
- Employees
- 564
- Location
- Cambridge, MA
- Founding
- 06/2001
- Data as of
- 06/2020
- EIN
- 06-1569439
Organization Overview
Vinfen Corporation Of Connecticut Inc is located in Cambridge, MA. The organization was established in 2001. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2021, Vinfen Corporation Of Connecticut Inc employed 564 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vinfen Corporation Of Connecticut 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 06/2020, Vinfen Corporation Of Connecticut Inc generated $20.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $21.6m during the year ending 06/2020. While expenses have increased by 5.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
VINFEN TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUAL, FAMILIES, ORGANIZATIONS AND COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENTAL SERVICES: DELIVERS AN ARRAY OF SERVICES FOR PERSONS WITH DEVELOPMENTAL DISABILITIES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS AND EMPLOYMENT TRAINING, AND SHELTERED WORKSHOPS.
PSYCHIATRIC REHABILITATION SERVICES: FOR PERSONS WITH MENTAL ILLNESS/DISABILITIES, SUBSTANCE ABUSE, HIV/AIDS AND/OR HAVE DUAL DIAGNOSES THROUGH OPERATION OF GROUP HOMES, SUPPORTED HOUSING, OUTREACH, WORK SKILLS TRAINING, AND CLUBHOUSE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce L Bird Director, President & CEO | OfficerTrustee | 5 | $0 |
C Allen Ashley Director, Clerk | OfficerTrustee | 0.2 | $0 |
Philip A Mason Director, Chair | OfficerTrustee | 0.2 | $0 |
Richard F Sullivan Treasurer | Officer | 5 | $0 |
Lurleen Gannon Assistant Clerk | Officer | 0.5 | $0 |
Rebecca A Sullivan Director (until 6/30/21) | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harp Mechanical Services Llc Hvac | 6/29/16 | $115,627 |
Gary E Suffriti Construction | 6/29/16 | $111,418 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46 |
| Investment income | $55 |
| 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 | $20,744,316 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $13,559,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,416,414 |
| Payroll taxes | $1,184,363 |
| Fees for services: Management | $989,821 |
| Fees for services: Legal | $16,540 |
| Fees for services: Accounting | $63,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,603 |
| Advertising and promotion | $0 |
| Office expenses | $196,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $669,108 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $314,657 |
| Insurance | $134,980 |
| All other expenses | $0 |
| Total functional expenses | $21,609,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,100,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,036,760 |
| 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 | $52,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,536 |
| Total assets | $9,969,833 |
| Accounts payable and accrued expenses | $2,877,284 |
| Grants payable | $0 |
| Deferred revenue | $567,981 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $233,213 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,681,810 |
| Unsecured mortgages and notes payable | $1,493,526 |
| Other liabilities | $1,631,427 |
| Total liabilities | $11,485,241 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,515,408 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vinfen Corporation Of Connecticut Inc has recieved totaling $74.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Bridges Inc Concord, NH | $17,325,387 | $49,860,729 |
New Hope Community Inc Loch Sheldrake, NY | $56,719,806 | $50,703,594 |
Crystal Run Village Inc Middletown, NY | $30,965,948 | $43,245,896 |
One Sky Community Services Inc Portsmouth, NH | $8,544,099 | $39,302,747 |
Mercy Drive Inc Forest Hills, NY | $23,104,386 | $33,673,165 |
Childrens Home Of Wyoming Conference Binghamton, NY | $26,714,387 | $31,596,405 |
New Horizons Resources Inc Pleasant Valley, NY | $25,550,652 | $30,534,005 |
Adelbrook Inc Cromwell, CT | $31,114,826 | $36,125,377 |
Notre Dame Health Care Center Inc Worcester, MA | $53,795,634 | $28,049,970 |
Latham Centers Inc Yarmouth, MA | $18,574,594 | $23,612,750 |
St Christophers Inc Dobbs Ferry, NY | $13,148,042 | $21,659,382 |
Lincoln Hall Lincolndale, NY | $9,940,828 | $21,354,256 |