Overview
What is The Connection Fund Realty Inc?
The Connection Fund Realty Inc, located in Middletown, Connecticut, is a nonprofit organization with a mission to provide and operate affordable, supported housing for individuals with chronic mental disabilities. Their primary goal is to create a living environment that caters to the unique needs of these individuals, ensuring they receive the necessary care and support. The organization operates under this mission, developing and implementing housing solutions that positively impact the lives of those affected.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Connection Fund Realty Inc has received a two-star rating from Charity Navigator, indicating that while it has a solid accountability and finance score of 100%, there are several areas that need improvement. The organization boasts a fully independent board with six members, demonstrating strong governance practices. However, the absence of essential policies such as conflict of interest and whistleblower guidelines, along with a missing website on tax forms, raises concerns about transparency and operational practices.
The nonprofit has excelled in certain financial metrics, such as maintaining a program expense ratio of 100%, which suggests that all funds are directed towards its programs. Additionally, the liabilities to assets ratio of 11.62% indicates a healthy financial standing. Despite these strengths, the lack of critical policies and documentation may hinder stakeholder confidence and the organization’s overall effectiveness.
In summary, while The Connection Fund Realty Inc shows commendable financial management and governance, it must address the noted gaps in transparency and policy implementation to enhance its credibility and fulfill its mission more effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Connection Fund Realty Inc legitimate?
The Connection Fund Realty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Connection Fund Realty Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Connection Fund Realty Inc?
The mission of The Connection Fund Realty Inc. revolves around developing, implementing, and operating affordable, supported housing for individuals with chronic mental disabilities. This organization is committed to providing a living space that caters to the unique needs of these individuals, aiming to enhance their quality of life and promote their independence. By offering affordable housing with necessary support services, The Connection Fund Realty Inc. seeks to empower and enable these individuals to lead fulfilling lives.
Who is the CEO of The Connection Fund Realty Inc?
Stephen Abshire is the Chair of The Connection Fund Realty Inc. The CEO's salary of The Connection Fund Realty Inc is $0 and their total compensation is $318,816.
What is the revenue of The Connection Fund Realty Inc?
The Connection Fund Realty Inc's revenue in 2022 was $204,726.
Who are the executives of The Connection Fund Realty Inc and what are their salaries?
Here are 11 key members and their salaries (The Connection Fund Realty Inc's CEO's salary is $0 and their total compensation is $318,816):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $312,316
- Other: $6,500
- Compensation: $0
- Related: $213,427
- Other: $11,461
- Compensation: $0
- Related: $186,800
- Other: $7,800
- Compensation: $0
- Related: $144,016
- Other: $5,880
- Compensation: $0
- Related: $100,877
- Other: $11,726
- Compensation: $0
- Related: $104,251
- Other: $0
Where can I find the form 990 for The Connection Fund Realty Inc?
The Connection Fund Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Connection Fund Realty Inc
The Connection Fund Realty Inc is committed to an essential mission: developing, implementing, and operating affordable, supported housing for individuals grappling with chronic mental disabilities. This organization's primary goal is to provide a safe and nurturing living environment where these individuals can thrive and lead fulfilling lives. By offering affordable housing alongside essential support services, The Connection Fund Realty Inc aims to empower and uplift those who are often overlooked due to their mental health challenges, enabling them to regain their independence and dignity.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Connection Fund Realty Inc plays a crucial role in addressing the housing needs of individuals with chronic mental disabilities. By developing, implementing, and operating affordable supported housing, the organization provides a stable living environment that fosters independence and dignity for its residents. This impact extends beyond mere shelter; it offers a foundation for individuals to rebuild their lives, access essential services, and integrate into the community.
Located in Middletown, CT, The Connection Fund Realty Inc focuses on providing not just housing, but also support systems that cater to the unique needs of its residents. This holistic approach helps mitigate the challenges faced by those with mental health issues, promoting rehabilitation and social inclusion. The organization's commitment to affordable housing ensures that individuals who might otherwise struggle to find safe and suitable living conditions can have a place to call home.
Furthermore, by fostering a supportive community, The Connection Fund Realty Inc contributes to breaking down stigma, encouraging awareness, and improving public understanding of mental health issues. The organization's work ultimately enhances the quality of life for its residents and empowers them on their journeys towards recovery and integration.
This information is meant to be a general summary of The Connection Fund Realty Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $37
- Program Service Revenue: $204,689
- Gross Receipts: $204,726
Assets and Liabilities:
- Total Assets: $2,092,979
- Total Liabilities: $206,093
- Net Assets: $1,886,886
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$204,689
Organization Details
Founding Year
2012
Phone
(860) 343-5500Principal Officer
Stephen Abshire
Main Address
100 ROSCOMMON DR 203, MIDDLETOWN, CT, 064571591
NTEE Category
Code: O21 - Youth development
If you are a representative of The Connection Fund Realty Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.