THE CONNECTION FUND REALTY INC

EIN: 061633523 501(c)(3) Youth Development

MIDDLETOWN, CT

Total Revenue
$373,398
Total Expenses
$368,672
Total Assets
$2,009,470
Net Assets
$1,752,072
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CT
Principal Officer
STEPHEN ABSHIRE
Phone
8603435500
Tax Period
2024-07-01 to 2025-06-30

THE CONNECTION FUND REALTY INC, founded in 2012, is a small nonprofit in the Youth Development sector that reported $373K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $1.8M represent 56 months of operating reserves.

Mission

TO DEVELOP, IMPLEMENT AND OPERATE AFFORDABLE, SUPPORTED HOUSING FOR CHRONIC MENTALLY DISABLED INDIVIDUALS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $372,860
Investment Income $412
Other Revenue $126
TOTAL REVENUE $373,398

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $368,672
Other Expenses $368,672
TOTAL EXPENSES $368,672

Year-over-Year Comparison

2024 2023 Change
Revenue $373,398 $294,152 +0.3%
Expenses $368,672 $332,560 +0.1%
Net Income $4,726 $-38,408 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

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
6
$920,462
Total Directors
5
$557,508
Key Employees
1
$353,346
Highest Compensated
7
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE ZAMPARO VICE CHAIR 1.50
Officer Director
$0 $0 $0
GARY WALLACE CHAIR 1.50
Officer Director
$0 $0 $0
ELIZABETH BOBRICK SECRETARY 1.50
Officer Director
$0 $0 $0
LAWRENCE DAVIS TREASURER 1.50
Officer Director
$0 $0 $0
LISA DEMATTEIS-LEPORE CEO 3.00
Officer Director
$0 $136,135 $557,508
STEPHEN ABSHIRE CFO 3.00
Officer
$0 $55,897 $362,954
BETH CONNOR CBDO 3.00
Key Emp
$0 $90,652 $353,346
JESSICA SMITH SVP STRATEGY & INNOVATION 1.00
Highest
$0 $22,826 $201,168
SUSAN PHILLIPS VP RISK & QI 1.00
Highest
$0 $32,944 $165,994
RITIKA TRIPATHI VP HUMAN RESOURCES 1.00
Highest
$0 $3,902 $134,081
MICHELE KLIMCZAK AVP TRAINING & GRANT MGMT 1.00
Highest
$0 $15,917 $135,235
ALLISON DEBLASIO SR. DIRECTOR COMMUNICATIONS 1.00
Highest
$0 $3,422 $117,598
KAREN CAMBOULIVES DIRECTOR OF FINANCE 1.00
Highest
$0 $26,109 $155,340
TOM SLAYTON SR. DIRECTOR INFORMATION SERVICES 1.00
Highest
$0 $44,114 $165,607
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 $373,398 $368,672 $2,009,470 $4,726
2024 $294,152 $332,560 $1,999,638 $-38,408
2023 $199,188 $300,320 $2,020,597 $-101,132
2022 $204,726 $334,346 $2,092,979 $-129,620
2021 $203,205 $316,669 $2,173,099 $-113,464
2020 $200,102 $294,873 $2,248,117 $-94,771
2019 $207,677 $260,809 $2,350,160 $-53,132
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE CONNECTION FUND REALTY INC with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.