THE MARY WADE HOME INCORPORATED

EIN: 060662192 501(c)(3) Health Care

NEW HAVEN, CT

Total Revenue
$17,810,216
Total Expenses
$18,536,776
Total Assets
$49,130,345
Net Assets
$-1,178,937
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CT
Principal Officer
DAVID V HUNTER
Phone
2035627222
Tax Period
2023-10-01 to 2024-09-30

THE MARY WADE HOME INCORPORATED, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $17.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE THOSE IN NEED WITH THE HIGHEST QUALITY OF SUPERVISED SKILLED NURSING, RESIDENTIAL SERVICES, HOME CARE, SOCIAL AND MEDICAL PROGRAMS IN ORDER TO MAINTAIN THE RESIDENT'S INDIVIDUALITY IN OUR DIGNIFIED, CARING, AND CONTINUALLY GROWING COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,891,397
Program Service Revenue $15,882,990
Investment Income $33,879
Other Revenue $1,950
TOTAL REVENUE $17,810,216

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,510,839
Fundraising Expenses $346,072
Program Expenses $15,046,951
Other Expenses $7,025,937
TOTAL EXPENSES $18,536,776

Year-over-Year Comparison

2023 2022 Change
Revenue $17,810,216 $17,442,203 +0.0%
Expenses $18,536,776 $17,865,966 +0.0%
Net Income $-726,560 $-423,763 +0.7%
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
16
Independent Members
16
Employees
438
Volunteers
24

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
8
$564,347
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE MCGLOIN CO-CHAIR 0.40
Officer Director
$0 $0 $0
BRUCE TOPOLOSKY CO-CHAIR 0.40
Officer Director
$0 $0 $0
MARJORIE FUNK SECRETARY 0.20
Officer Director
$0 $0 $0
JACQUELINE HENCHEL MD SECRETARY (UNTIL 8/24) 0.20
Officer Director
$0 $0 $0
BRANDON MCFARLANE TREASURER 0.20
Officer Director
$0 $0 $0
BARBARA C ADAMS DIRECTOR 0.20
Officer Director
$0 $0 $0
MARY BETH CANAVAN DIRECTOR (UNTIL 12/23) 0.20
Director
$0 $0 $0
BERNADETTE DIGIULIAN DIRECTOR 0.20
Director
$0 $0 $0
JOYCE DUPEE DIRECTOR 0.20
Director
$0 $0 $0
PATRICIA A GANUN DIRECTOR (UNTIL 12/23) 0.20
Director
$0 $0 $0
HOWARD HILL DIRECTOR 0.20
Director
$0 $0 $0
REV THOMAS JACKSON DIRECTOR 0.20
Director
$0 $0 $0
ROBERT KESSLER DIRECTOR 0.20
Director
$0 $0 $0
ANGELA MATTIE DIRECTOR 0.20
Director
$0 $0 $0
MICHAEL MORAND DIRECTOR (UNTIL 11/23) 0.20
Director
$0 $0 $0
NICHOLAS R NICHOLSON JR PHD DIRECTOR 0.20
Director
$0 $0 $0
ALEXANDER OVERKAMP DIRECTOR 0.20
Director
$0 $0 $0
MICHELLE LEE RODRIGUEZ DIRECTOR 0.20
Director
$0 $0 $0
HAROLD S SPITZER DIRECTOR (UNTIL 12/23) 0.20
Director
$0 $0 $0
PAMELA STANTON DIRECTOR 0.20
Director
$0 $0 $0
STEVEN WOLFSON MD DIRECTOR 0.20
Director
$0 $0 $0
DAVID V HUNTER PRESIDENT & CEO 19.00
Officer
$148,240 $63,653 $375,737
WILLIAM GINTER CFO 25.00
Officer
$95,950 $35,091 $188,610
KERREN RUFFNER DIRECTOR CLINICAL SERVICES 40.00
Highest
$138,372 $31,955 $170,327
HELEN HOILETT C.N.A 40.00
Highest
$139,781 $18,240 $158,021
GERALYN HINES-IVERSON ADMINISTRATOR 40.00
Highest
$136,154 $16,827 $152,981
LAVONNE COOKE CNA 40.00
Highest
$129,273 $4,215 $133,488
KANIESHA TAYLOR INFECTION CONTROL NURSE 40.00
Highest
$128,448 $3,913 $132,361
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
2024 $17,810,216 $18,536,776 $49,130,345 $-726,560
2023 $17,442,203 $17,865,966 $49,981,461 $-423,763
2022 $16,858,921 $17,780,581 $55,240,235 $-921,660
2021 $15,584,704 $15,974,009 $56,097,732 $-389,305
2020 $14,225,000 $15,622,497 $57,882,127 $-1,397,497
2019 $14,767,565 $15,583,497 $54,583,639 $-815,932
2018 $13,920,305 $15,040,932 $19,955,592 $-1,120,627
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