ELIM PARK BAPTIST HOME INC

EIN: 060658099 501(c)(3) Human Services

CHESHIRE, CT

Total Revenue
$41,130,192
Total Expenses
$38,412,623
Total Assets
$108,782,698
Net Assets
$31,947,464
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
CT
Principal Officer
MICHELLE PASCETTA
Phone
2032723547
Tax Period
2024-10-01 to 2025-09-30

ELIM PARK BAPTIST HOME INC, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $41.1M in total revenue in fiscal year 2024. Expenses of $38.4M left a modest 7% surplus.

Mission

ELIM PARK WAS FOUNDED IN 1906 BY THE SWEDISH BAPTIST CONFERENCE WITH THE MISSION TO CARE FOR AND PROVIDE A HOME OF REST FOR THE FRAIL AND ELDERLY MEMBERS OF THEIR CONFERENCE. SINCE OUR INCORPORATION, OUR MISSION HAS EXPANDED AND MATURED, AND WE ARE NO LONGER (SEE SCH. O) A "HOME OF REST." BUT RATHER A HOME WHERE RESIDENTS CAN FLOURISH AND LIVE ACTIVE, INSPIRED, FULFILING LIVES. THE INTERDENOMINATIONAL NATURE OF OUR ORGANIZATION WELCOMES OLDER ADULTS OF ALL FAITHS, WITH A CARING STAFF AND CHRIST-CENTERED ENVIRONMENT THAT ALLOWS THEM TO GROW IN SPIRITUAL HEALTH AS WELL AS MEETING THEIR PHYSICAL NEEDS. OUR MISSION IS TO PROVIDE QUALITY CARE THROUGH EXCITING CULTURAL AND FITNESS PROGRAMS AND A BROAD SPECTRUM OF HEALTH SERVICES IN A CHRIST-CENTERED ENVIRONMENT. ELIM PARK LOOKS UPON ITS MISSION AS AN EXTENSION OF THE CHRUCH MINISTRY WITHIN THE BAPTIST GENERAL CONFERENCE AND GIVES ADMISSION PRIORITY TO ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $33,499,678 Revenue: $38,331,491

THE CONSTELLATION OF SERVICES OFFERED AT ELIM PARK HAS ENHANCED LIFE FOR OUR RESIDENTS AND CONTINUES TO MAKE A POSITIVE IMPACT ON OUR COMMUNITY. THROUGH OUR MISSION OF PROVIDING QUALITY CARE THROUGH...

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THE CONSTELLATION OF SERVICES OFFERED AT ELIM PARK HAS ENHANCED LIFE FOR OUR RESIDENTS AND CONTINUES TO MAKE A POSITIVE IMPACT ON OUR COMMUNITY. THROUGH OUR MISSION OF PROVIDING QUALITY CARE THROUGH COMPREHENSIVE WELLNESS PROGRAMS AND MEDICAL FACILITIES IN A CHRIST-CENTERED ENVIRONMENT, WE ARE ABLE TO NURTURE THE WHOLE PERSON AND FOCUS ON TOTAL WELLNESS OF MIND, BODY AND SPIRIT. OUR SUB-ACUTE CARE, SHORT-TERM REHABILITATION AND WELLNESS PROGRAMS WORK TOGETHER TO ENSURE THAT RESIDENTS ARE LEADING THE MOST PRODUCTIVE LIFESTYLES APPROPRIATE TO THEIR VARIED LEVELS OF INDEPENDENCE. SHOULD A RESIDENT'S DEPENDENCY LEVEL INCREASE, OUR SKILLED NURSING FACILITY UNIT PROVIDES A SMOOTH TRANSITION TO ON-SITE NURSING CARE.ELIM PARK'S NON-PROFIT STATUS ALLOWS US TO CHANNEL REVENUE BACK INTO PROGRAMS AND SITE IMPROVEMENTS TO ENRICH THE LIVES OF OUR RESIDENTS. BENEFITS TO THE COMMUNITY INCLUDE A BROAD SPECTRUM OF OUT-PATIENT AND THERAPEUTIC SERVICES, AQUATIC THERAPY, HOSTING COMMUNITY EVENTS, OFFERING A PROFESSIONAL ENTERTAINMENT SERIES, AND OPENING OUR CAMPUS FOR USE BY LOCAL CIVIC GROUPS AND ORGANIZATIONS.WE CONTINUE TO UPGRADE OUR PHYSICAL PLANT TO MAINTAIN THE HIGHEST SAFETY STANDARDS AND A WELCOME ENVIRONMENT. WE MAKE TECHNOLOGICAL IMPROVEMENTS WHICH CONTRIBUTE TO THE WELL-BEING AND COMFORT OF OUR RESIDENTS. WE MAINTAIN THE CHRIST-CENTERED COMMUNITY THAT OUR FOUNDING CHURCHES ENVISIONED AS THE CORNERSTONE UPON WHICH ELIM PARK CONTINUES TO GROW.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $818,914
Program Service Revenue $38,331,491
Investment Income $1,860,737
Other Revenue $119,050
TOTAL REVENUE $41,130,192

Expense Breakdown

Grants Paid $2,176,231
Salaries & Benefits $20,994,001
Fundraising Expenses $21,933
Program Expenses $33,499,678
Other Expenses $15,242,391
TOTAL EXPENSES $38,412,623

Year-over-Year Comparison

2024 2023 Change
Revenue $41,130,192 $38,106,307 +0.1%
Expenses $38,412,623 $34,985,560 +0.1%
Net Income $2,717,569 $3,120,747 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
548
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$564,646
Total Directors
9
$0
Key Employees
1
$181,553
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS NELSON DIRECTOR/IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
ROBERTO ECKER CHAIR 2.00
Officer Director
$0 $0 $0
VICKI HOFFMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOANNE PERRY TREASURER 2.00
Officer Director
$0 $0 $0
TIM PONZANI SECRETARY 2.00
Officer Director
$0 $0 $0
MARKES WILSON DIRECTOR 2.00
Director
$0 $0 $0
KEITH WETJEN DIRECTOR 2.00
Director
$0 $0 $0
MIKE WIJAS DIRECTOR 2.00
Director
$0 $0 $0
JAMES SIPSMA DIRECTOR 2.00
Director
$0 $0 $0
BRIAN BEDARD PRESIDENT 40.00
Officer
$306,782 $51,147 $357,929
MICHELLE PASCETTA CHIEF FINANCIAL OFFICER 40.00
Officer
$185,401 $21,316 $206,717
JOHN SWEENEY ADMINSTRATOR OF HEALTH SERVICE 40.00
Key Emp
$173,504 $8,049 $181,553
JEFFREY BERMAN LIFE SPAN SPECIALIST 40.00
Highest
$144,129 $6,516 $150,645
ROBERT COTA DIRECTOR OF INDEPENDENT LIVING 40.00
Highest
$137,406 $20,234 $157,640
DEBORAH SMITH STAFF DEVELOP. & INFECT. PREVEN. RN 40.00
Highest
$130,640 $19,934 $150,574
KARA TAYLOR DIRECTOR OF NURSING 40.00
Highest
$163,480 $5,556 $169,036
NASTASIA VILLEDA RN SUPERVISOR 40.00
Highest
$127,476 $14,811 $142,287
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $41,130,192 $38,412,623 $108,782,698 $2,717,569
2024 $38,106,307 $34,985,560 $104,663,750 $3,120,747
2023 $39,025,062 $31,634,607 $97,179,314 $7,390,455
2022 $33,404,736 $28,582,163 $81,688,611 $4,822,573
2021 $33,908,799 $28,278,092 $82,860,943 $5,630,707
2020 $31,372,962 $29,479,885 $79,527,072 $1,893,077
2019 $30,685,147 $29,389,886 $73,564,301 $1,295,261
2018 $30,451,567 $29,569,923 $73,007,119 $881,644
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