CONNECTION FUND - JEFFERSON INC

EIN: 454315358 501(c)(3) Housing & Shelter

MIDDLETOWN, CT

Total Revenue
$261,049
Total Expenses
$376,885
Total Assets
$3,321,778
Net Assets
$-1,181,765
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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

CONNECTION FUND - JEFFERSON INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $261K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $377K exceeded revenue, resulting in a 44% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $308,877 Revenue: $258,694

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

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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 $0
Program Service Revenue $257,133
Investment Income $2,355
Other Revenue $1,561
TOTAL REVENUE $261,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,486
Fundraising Expenses $0
Program Expenses $308,877
Other Expenses $310,399
TOTAL EXPENSES $376,885

Year-over-Year Comparison

2024 2023 Change
Revenue $261,049 $209,429 +0.2%
Expenses $376,885 $331,108 +0.1%
Net Income $-115,836 $-121,679 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
3
Independent Members
2
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
4
$775,430
Total Directors
3
$448,479
Key Employees
1
$275,908
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY WALLACE CHAIR 1.50
Officer Director
$0 $0 $0
JOANN ZAMPARO VICE CHAIR 1.50
Officer Director
$0 $0 $0
LISA DEMATTEIS-LEPORE CEO 3.00
Officer Director
$0 $45,754 $448,479
STEPHEN ABSHIRE CFO 3.00
Officer
$0 $51,418 $326,951
BETH CONNOR CHIEF PROGRAM OFFICER 3.00
Key Emp
$0 $31,407 $275,908
JESSICA SMITH DEPUTY CHIEF OF BUSINESS D 1.00
Highest
$0 $27,535 $194,615
SUSAN PHILLIPS DIRECTOR OF QUALITY, INFOR 1.00
Highest
$0 $20,688 $132,290
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 $261,049 $376,885 $3,321,778 $-115,836
2024 No data No data No data No data
2023 $204,610 $301,052 $3,446,640 $-96,442
2022 $200,316 $289,721 $3,515,288 $-89,405
2021 $194,355 $308,908 $3,641,416 $-114,553
2020 $194,238 $327,713 $3,658,087 $-133,475
2019 $208,224 $303,150 $3,767,376 $-94,926
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