CONNECTICUT INSTITUTE FOR COMMUNITIES INC

EIN: 912187143 501(c)(3) Community Improvement

DANBURY, CT

Total Revenue
$41,931,237
Total Expenses
$41,563,121
Total Assets
$34,564,384
Net Assets
$21,489,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CT
Principal Officer
KATHERINE CURRAN
Phone
2037439760
Tax Period
2023-01-01 to 2023-12-31

CONNECTICUT INSTITUTE FOR COMMUNITIES INC, founded in 2003, is a mid-sized nonprofit in the Community Improvement sector that reported $41.9M in total revenue in fiscal year 2023.

Mission

A COMMUNITY DEVELOPMENT CORPORATION SERVING THE COMMUNITIES AND LOW-INCOME RESIDENTS OF WESTERN CONNECTICUT.

Program Service Accomplishments

Program 1
Expenses: $28,056,364 Revenue: $14,196,765

HEALTH SERVICES - Health Services primarily constitutes CIFC Health, which provides primary care services on a sliding fee scale to low and moderate income families who are uninsured or underinsured...

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HEALTH SERVICES - Health Services primarily constitutes CIFC Health, which provides primary care services on a sliding fee scale to low and moderate income families who are uninsured or underinsured. CIFC Health is also a Teaching Health Center that provides community-based primary care training to prepare health professionals to serve the needs of the community. Funding is provided by the U.S. Department of Health and Human Services (DHHS), the Connecticut Department of Public Health, including for the Women, Infants and Children (WIC), and School Based Health Center (SBHC) programs, and revenue from its operations.

Program 2
Expenses: $8,928,385 Revenue: $370,272

EARLY CHILDHOOD EDUCATION - Early Childhood Education includes the Head Start, Early Head Start, Care4Kids and School Readiness programs which are operated partially in collaboration with the Cities...

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EARLY CHILDHOOD EDUCATION - Early Childhood Education includes the Head Start, Early Head Start, Care4Kids and School Readiness programs which are operated partially in collaboration with the Cities of Danbury and Norwalk. Major funding is through the U.S. Department of Health and Human Services (DHHS), State of Connecticut Department of Social Services (DSS) and the Connecticut State Department of Education (SDE). CIFC provides Head Start preschool and infant/toddler child development services to low and moderate income Northern Fairfield County and Greater Norwalk residents. In addition, CIFC serves special needs children referred by other local and state agencies. Early Childhood Education also includes the Child and Adult Care Food Program (CACFP) program for all Head Start and School Readiness Program enrollees, funded through the United States Department of Agriculture (USDA) and the State of Connecticut Department of Education.

Program 3
Expenses: $622,630 Revenue: $155,852

OPERATION OF the Danbury Community Center which brings individuals of all ages together through well-crafted recreation, enrichment, and community-building events inspired by, and reflecting the...

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OPERATION OF the Danbury Community Center which brings individuals of all ages together through well-crafted recreation, enrichment, and community-building events inspired by, and reflecting the interests of those who reside in the greater Danbury area. FISCAL AGENT AND PROGRAM DEVELOPER FOR THE HARAMBEE YOUTH CENTER PROGRAM. THE HARAMBEE YOUTH CENTER PROGRAM IS A TEEN CENTER PROGRAM FOR LOW INCOME AND PREDOMINANTLY MINORITY (AFRICAN AMERICAN AND LATINO) YOUNG PEOPLE.

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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 $26,613,330
Program Service Revenue $14,800,015
Investment Income $142,585
Other Revenue $375,307
TOTAL REVENUE $41,931,237

Expense Breakdown

Grants Paid $2,831,063
Salaries & Benefits $25,515,017
Fundraising Expenses $68,311
Program Expenses $37,856,606
Other Expenses $13,217,041
TOTAL EXPENSES $41,563,121

Year-over-Year Comparison

2023 2022 Change
Revenue $41,931,237 $44,035,363 0.0%
Expenses $41,563,121 $37,851,438 +0.1%
Net Income $368,116 $6,183,925 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
522
Volunteers
30

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
9
$561,412
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHA MARHATTA PHYSICIAN 38.00
$345,416 $10,508 $355,924
jennifer cohen PHYSICIAN 38.00
$277,141 $25,342 $302,483
Amy Handler Physician 38.00
$224,840 $23,779 $248,619
Gagandeep Chera PHYSICIAN 38.00
$230,739 $7,715 $238,454
Cassandra Pitcher Physician 38.00
$211,889 $12,617 $224,506
KATHERINE CURRAN Esq CEO & President 50.00
Officer
$189,422 $6,683 $196,105
Elizabeth Martucci CFO 50.00
Officer
$183,400 $5,883 $189,283
HOLLY SEKIGUCHI ASST. SECRETARY 50.00
Officer
$101,563 $3,977 $105,540
Sabrina Ross Asst. Secretary 50.00
Officer
$57,817 $12,667 $70,484
Bridget Zalcman Director 1.00
Director
$0 $0 $0
DR FRANCIS J MUSKA PHD BOARD CHAIR 2.00
Officer Director
$0 $0 $0
Jenna Nicol Director 1.00
Director
$0 $0 $0
ELIZABETH CURILLO Director 1.00
Director
$0 $0 $0
Charlotte Cilley MBA Director 1.00
Director
$0 $0 $0
William Rilley CPA Treasurer 1.00
Officer Director
$0 $0 $0
Mark Ouellette Asst. Treasurer 1.00
Officer Director
$0 $0 $0
Mary Lou Torre MS Director 1.00
Director
$0 $0 $0
ALAN CLAVETTE CPA Director 1.00
Director
$0 $0 $0
EVA DURAN Director 1.00
Director
$0 $0 $0
RICHARD MOLINARO VICE CHAIR/DIR 1.00
Officer Director
$0 $0 $0
ELLEN BELL ESQ CORP SECRET/DIR 1.00
Officer Director
$0 $0 $0
ANGEL SAQUINAULA Director 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $41,931,237 $41,563,121 $34,564,384 $368,116
2022 $44,035,363 $37,851,438 $34,087,197 $6,183,925
2021 $36,794,150 $33,163,705 $23,773,882 $3,630,445
2020 $31,823,972 $29,538,566 $20,484,346 $2,285,406
2019 $28,842,512 $28,213,012 $18,065,326 $629,500
2018 $24,987,964 $23,327,142 $18,618,324 $1,660,822
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