Chrysalis Center Inc

Nonprofit profile at a glance

EIN
060986069
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Hartford, CT, USA
Phone
8602634400
Rating
85
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$11,952,867
Expenses
$11,621,401
Assets
$9,363,832
Liabilities
$2,712,097

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • SHARON CASTELLI (CEO)

Highest reported compensation

  • SHARON CASTELLI (CEO): $335,066 total reported compensation
  • JUDITH GOUGH (CHIEF OF STAFF): $193,441 total reported compensation
  • WENDY BRIERE (CFO - FORMER): $144,353 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Chrysalis center is a private, non-profit, socially innovative, multiservice organization that serves individuals and their families living in the state of Connecticut. Chrysalis center helps those living in poverty, veterans, men, women, children, and young adults who are struggling with mental health, addiction, HIV/AIDS, those returning from incarceration and homelessness.the organization's philosophy of "getting help getting better giving back" is weaved throughout each program and service, inspiring clients to give back to the community, thus truly advancing chrysalis center's mission and transforming lives. For more information visit www.chrysalicenterct.org.

What it reported doing in 2024

Food hub: core services include freshplace, homestead farmers' market, food forest at cosgrove commons, railway gardens, urban roots hydroponic grow center, la cocina culinary arts training program & la cocina catering, and the tcc (training & conference center). These programs address food insecurity and employment.urban roots had an expansion project that resulted in the addition of a 180-bucket grow system addition. This is now up and running, and in full operation. The food forest at cosgrove commons received a usda grant and is in the process of replanting, creating additional raised bed gardens, adding fruit trees and nut bushes, and preparing to add a high tunnel to help with growing.the homestead farmers' market had a successful summer season, offering fruits, vegetables, and herbs grown in urban roots, as well as at the food forest at cosgrove commons and railway gardens.la cocina culinary arts training program graduated several classes, resulting in 24 attendees earning their servsafe license and la cocina catering had five food contracts, delivering meals on a daily or weekly basis, and catered over 155 events. The tcc saw an increase in bookings coming out of the pandemic with 44 events.

Operating model

Revenue model
Grant-funded. 85% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 95
  • Accountability: 100
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.8%; rating input score 77
  • Program expense ratio: 78.8%; rating input score 79
  • Fundraising efficiency: $30.47 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 6.5%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: -2.8% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 76.8% of revenue deployed · 78.8% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $9.2M in reported program spending
  • Leadership: top reported pay $335K · 19 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $173K reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.