Keystone House Inc
- Assets
- $1.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 55
- Location
- Norwalk, CT
- Founding
- 12/1975
- Data as of
- 06/2022
- EIN
- 23-7228237
Organization Overview
Keystone House Inc is located in Norwalk, CT. The organization was established in 1975. As of 06/2022, Keystone House Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keystone House 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, Keystone House Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
THE ORGANIZATION PROVIDES MENTALLY ILL PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELMCREST TERRACE RESIDENTIAL PROGRAM - SUPERVISED HOUSING FACILITY OF 12 BEDS FOR ADULTS WITH PSYCHIATRIC DISABILITIES. THE ORGANIZATION PROVIDED APPROXIMATELY 4,000 CLIENT SERVICE DAYS DURING THE YEAR.
ST. JOHN'S STREET RESIDENTIAL PROGRAM - SUPERVISED HOUSING FACILITY OF 8 BEDS FOR ADULTS WITH PSYCHIATRIC DISABILITIES. THE ORGANIZATION PROVIDED APPROXIMATELY 3,000 CLIENT SERVICE DAYS DURING THE YEAR.
COMMUNITY LIVING CENTER - PSYCHOSOCIAL REHABILITATION PROGRAM FOR ADULTS WITH PSYCHIATRIC DISABILITIES.
INTENSIVE SUPPORT APARTMENTS SUPERVISED HOME PROGRAM APARTMENTS DUAL DIAGNOSIS PILOTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie S Williams Prior Exe Di | Officer | 40 | $193,609 |
Sheila Content Vice Chairpe | OfficerTrustee | 1 | $0 |
Anthony Perrone Chairperson | OfficerTrustee | 1 | $0 |
Michael Tolla Treasurer | OfficerTrustee | 1 | $0 |
Nicholas Hoffman Executive Di | Officer | 40 | $0 |
Gary Lorusso Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,655 |
| Related organizations | $0 |
| Government grants | $1,782,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,098,318 |
| Total Program Service Revenue | $745,226 |
| Investment income | $5,081 |
| 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 | $2,848,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,776 |
| 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. | $257,863 |
| Compensation of current officers, directors, key employees. | $212,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,371,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,232 |
| Payroll taxes | $149,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,473 |
| Fees for services: Accounting | $21,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,778 |
| Advertising and promotion | $11,246 |
| Office expenses | $67,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $279,095 |
| Travel | $44,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,852 |
| Insurance | $46,863 |
| All other expenses | $11,572 |
| Total functional expenses | $2,863,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,867 |
| Savings and temporary cash investments | $479,181 |
| Pledges and grants receivable | $58,256 |
| Accounts receivable, net | $252,269 |
| 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 | $14,330 |
| Net Land, buildings, and equipment | $740,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $1,760,341 |
| Accounts payable and accrued expenses | $350,386 |
| Grants payable | $0 |
| Deferred revenue | $13,885 |
| 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 | $357,170 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,682 |
| Total liabilities | $793,123 |
| Net assets without donor restrictions | $967,218 |
| 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 | $1,760,341 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Keystone House Inc has recieved totaling $24,200.
| Awarding Organization | Amount |
|---|---|
Elizabeth Raymond Ambler Tr Wilton, CT PURPOSE: BATHROOM RENOVATION TO ASSIST THOSE WITH DISABILITY AND MOBILITY ISSUES | $10,000 |
Knapp Fund New York, NY PURPOSE: MEDICAL OUTREACH | $8,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $3,000 |
Eugene W Potter Jr And Melinda R Potter Family Foundation Inc Bronxville, NY PURPOSE: GENERAL FUNDS | $1,200 |
Belvedere Foundation East Norwalk, CT PURPOSE: PROVIDING REHABILITATION SERVICES FOR INDIVIDUALS WITH PSYCHIATRIC DISORDERS | $1,000 |
Bucks Creek Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transitional Services Inc Buffalo, NY | $9,309,378 | $17,853,273 |
Refocus Inc Providence, RI | $12,657,965 | $15,791,441 |
Reliance Health Inc Norwich, CT | $5,093,297 | $14,005,308 |
Newport County Community Mental Health Center Inc Middletown, RI | $4,640,257 | $13,986,361 |
Housing Options & Geriatric Association & Resources Inc Bronx, NY | $5,301,194 | $8,395,552 |
Transitional Services Of New York For Long Island Inc Brentwood, NY | $13,138,198 | $9,133,900 |
Central Naugatuck Valley Help Incorporated Waterbury, CT | $974,128 | $4,402,652 |
Keystone House Inc Norwalk, CT | $1,760,341 | $2,848,625 |
Pathways Inc Greenwich, CT | $9,611,501 | $2,517,120 |
Bridgemark Inc Warwick, RI | $4,343,495 | $2,468,303 |
Parents Foundation For Transitional Living Inc New Haven, CT | $1,783,065 | $2,358,814 |
Domus Incorporated Westfield, MA | $7,172,325 | $936,305 |