Overview
What is Connecticut Foundation Solutions Indemnity Company Inc?
Connecticut Foundation Solutions Indemnity Company Inc is a nonprofit organization based in Ashford, Connecticut, with the address 237 Hillside RD, ZIP code 06278. The company's mission is to financially assist homeowners of residential buildings with the replacement or reimbursement of costs associated with deteriorated concrete foundations caused by the presence of the mineral pyrrhotite. By providing structurally sound foundation replacements or reimbursements, CFSIC aims to help homeowners in the State of Connecticut who have been affected by this natural disaster. The organization is licensed as a captive insurer and is committed to using fair and recognized property claim adjustment standards while acting with compassion and fairness towards homeowners.
Official website here: www.crumblingfoundations.org
What are the reviews and ratings of this charity?
Connecticut Foundation Solutions Indemnity Company Inc is not currently rated by Charity Navigator. The organization requires additional data, such as an Accountability & Finance beacon or an Impact & Measurement beacon, to be eligible for a rating. The lack of a rating is simply an indication that this nonprofit has not been evaluated rather than a reflection of its performance.
In terms of financial information, the IRS Form 990 provides insights into their revenue, expenses, and key personnel compensation, but the absence of a total expenses figure has prevented its evaluation on Charity Navigator's Accountability & Finance metrics. This underscores the importance of submitting comprehensive financial data for a complete analysis.
Overall, the absence of scores in other areas like Impact & Measurement, Culture & Community, and Leadership & Adaptability is due to a lack of available data. This situation highlights the need for more transparent data dissemination to facilitate thorough evaluations. There are no user reviews available from GreatNonprofits to provide additional insights from public experience.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Foundation Solutions Indemnity Company Inc legitimate?
Connecticut Foundation Solutions Indemnity Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Foundation Solutions Indemnity Company 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:
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For more financial information, click here
Official website here: www.crumblingfoundations.org
What is the mission statement of Connecticut Foundation Solutions Indemnity Company Inc?
Connecticut Foundation Solutions Indemnity Company Inc, or CFSIC, was established as a captive insurer with a mission to help the state of Connecticut manage the fair and equitable adjustment of homeowner claims arising from pyrrhotite-affected home foundations. This natural disaster has caused significant damage, and CFSIC's primary goal is to utilize its available resources to process and pay claims for the rebuilding of as many affected home foundations as possible. CFSIC prioritizes the application of recognized property claim adjustment standards to ensure objective assessments, and its commitment extends to treating homeowners with compassion throughout the process. In pursuit of equitable treatment, CFSIC remains dedicated to the fair adjustment and payment of claims.
Official website here: www.crumblingfoundations.org
Who is the CEO of Connecticut Foundation Solutions Indemnity Company Inc?
Unavailable
Official website here: www.crumblingfoundations.org
What is the revenue of Connecticut Foundation Solutions Indemnity Company Inc?
Connecticut Foundation Solutions Indemnity Company Inc's revenue in 2022 was $32,520,363.
Official website here: www.crumblingfoundations.org
Who are the executives of Connecticut Foundation Solutions Indemnity Company Inc and what are their salaries?
There 9 volunteers at Connecticut Foundation Solutions Indemnity Company Inc.
Here are 11 key members and their salaries:
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Official website here: www.crumblingfoundations.org
Where can I find the form 990 for Connecticut Foundation Solutions Indemnity Company Inc?
Connecticut Foundation Solutions Indemnity Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crumblingfoundations.org
Learn more at the official website: www.crumblingfoundations.org
Mission Statement of Connecticut Foundation Solutions Indemnity Company Inc
Connecticut Foundation Solutions Indemnity Company Inc, also known as CFSIC, is a specialized organization established with a mission to help the State of Connecticut in the fair and equitable resolution of homeowner claims affected by the natural disaster of pyrrhotite-affected home foundations. CFSIC's primary goal is to use its resources effectively to adjust and pay claims for the rebuilding of as many affected home foundations as possible. The company strives to uphold objective and recognized industry standards in claim adjustment, ensuring that homeowners receive equitable treatment during this challenging time. With a commitment to fairness and compassion, CFSIC aims to assist homeowners in overcoming the devastating impact of this natural disaster.
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Impact
October, 2024
Connecticut Foundation Solutions Indemnity Company Inc. (CFSIC) plays a critical role in addressing the devastating impact of pyrrhotite-related foundation deterioration on homeowners in Connecticut. By providing financial assistance for the replacement or reimbursement of costs associated with compromised concrete foundations, CFSIC enables affected homeowners to restore the structural integrity of their residences.
The organization’s mission centers on the fair and equitable adjustment of claims from homeowners, ensuring that they receive support that is both comprehensive and compassionate. Utilizing standardized property claim adjustment protocols, CFSIC acts as a trusted resource for those grappling with the consequences of this natural disaster, helping to alleviate the financial burden associated with necessary repairs.
Through its efforts in managing and disbursing funds effectively, CFSIC fosters stability in affected communities, enabling homeowners to rebuild their lives and regain peace of mind in the safety and security of their homes. Overall, CFSIC's impact is seen in the restoration of homes and the support it offers to individuals facing significant challenges due to pyrrhotite-affected foundations.
This information is meant to be a general summary of Connecticut Foundation Solutions Indemnity Company 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: $85,617
- Gross Receipts: $32,520,363
Assets and Liabilities:
- Total Assets: $35,771,140
- Total Liabilities: $61,838,796
- Net Assets: -$26,067,656
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Organization Details
Founding Year
2018
Phone
(877) 829-5500Main Address
237 Hillside RD, Ashford, CT, 062782207
Website
www.crumblingfoundations.orgNTEE Category
Code: L80 - Housing
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