Community Health Network Of Connecticut Holdings Inc
- Assets
- $6.0m
- Revenue
- $125.8k
- Investments
- $1.0k
- Employees
- 1
- Location
- Wallingford, CT
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 45-5239655
Organization Overview
Community Health Network Of Connecticut Holdings Inc is located in Wallingford, CT. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Health Network Of Connecticut Holdings 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 12/2021, Community Health Network Of Connecticut Holdings Inc generated $125.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $770.7k during the year ending 12/2021. 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
MOST SIGNIFICANT ACTIVITIES ARE PROVIDING SUPPORT, STRATEGIC PLANNING, AND FACILITIES FOR 501(C)(3) FEDERALLY QUALIFIED HEALTH CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC PLANNING ACTIVITY - THE CORPORATION PERFORMS PLANNING AND COORDINATING SERVICES FOR CHNCT. THE CORPORATION'S DIRECTORS AND OFFICERS DEVELOP LONG-RANGE STRATEGIC PLANS FOR BOTH THE CORPORATION AND CHNCT. THIS ACTIVITY INCLUDES OVERSIGHT RESPONSIBILITY FOR THE PHILOSOPHY, MISSION AND BUDGET OF BOTH ORGANIZATIONS, AS WELL AS REVIEW AND APPROVAL OF THE OBJECTIVES AND MAJOR POLICIES OF THE SUPPORTED CHNCT.
FACILITIES MAINTENANCE ACTIVITY - THE CORPORATION OWNS AND MAINTAINS PROPERTY FOR CHNCT TO USE IN FURTHERANCE OF ITS TAX-EXEMPT ACTIVITIES. THE CORPORATION FORMED A SINGLE MEMBER LIMITED LIABILITY COMPANY, FOUNDERS ASSOCIATES, LLC TO PURCHASE 4 FAIRFIELD BOULEVARD IN WALLINGFORD, CT AND LEASE IT TO CHNCT. THE PROPERTY WAS PURCHASED IN SEPTEMBER 2013.
IN FURTHERANCE OF THE SUPPORT OF THE CHARITABLE ACTIVITIES OF CHNCT, CHNCT HOLDINGS, INC. HAS DEVELOPED A PLAN TO ESTABLISH A TELEHEALTH PROGRAM TO IMPROVE HEALTHCARE ACCESS TO THE MEDICALLY UNDERSERVED POPULATION OF CONNECTICUT THROUGH FEDERALLY QUALIFIED HEALTH CENTERS IN THE STATE OF CONNECTICUT, SPECIFIC TO CERTAIN MEDICAL SPECIALTY SERVICES SUCH AS DIABETIC RETINOPATHY, DERMATOLOGY, BEHAVIORAL HEALTH AND OTHER SPECIALTY SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Albrecht Telehealth Network Directo | Officer | 40 | $200,829 |
Arvind Shaw Chair | OfficerTrustee | 1 | $0 |
Don Thompson Treasurer | OfficerTrustee | 1 | $0 |
Nichelle Mullins Secretary | OfficerTrustee | 1 | $0 |
Suzanne Lagarde MD Vice Chair | OfficerTrustee | 1 | $0 |
Sylvia B Kelly Mpa President & CEO | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quality Mechanical Hvac Service Contractor | 12/30/15 | $128,833 |
Cb Richard Ellis - Ne Partners Property Management | 12/30/15 | $108,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $794,705 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$668,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| 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. | $235,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,767 |
| Fees for services: Management | $13,936 |
| 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 | $8,064 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $640 |
| Royalties | $0 |
| Occupancy | $102,743 |
| Travel | $306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $314,587 |
| Insurance | $20,109 |
| All other expenses | $0 |
| Total functional expenses | $770,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,773,419 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,078 |
| 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 | $36,229 |
| Net Land, buildings, and equipment | $3,150,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,308 |
| Total assets | $6,025,480 |
| Accounts payable and accrued expenses | $59,040 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,120 |
| Total liabilities | $101,160 |
| Net assets without donor restrictions | $5,924,320 |
| 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 | $6,025,480 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Health Network Of Connecticut Holdings Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Eversource Energy Foundation Inc Hartford, CT PURPOSE: DONATION TO SUPPORT THE PROGRA | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Marcus Avenue Medical Pc Westbury, NY | $15,403,274 | $17,010,236 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Quincy, MA | $26,422,414 | $20,857,874 |
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |