Chrysalis Center Real Estate Corporation

Nonprofit profile at a glance

EIN
200243489
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-N 2008
Location
Hartford, CT, USA
Phone
8602634400
Rating confidence
Limited
Sector
Real Estate Associations

Reported finances

Revenue
$3,223,040
Expenses
$3,710,129
Assets
$46,098,282
Liabilities
$12,244,615

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

Leadership & pay

10 people listed

Executive titles in this filing

  • SHARON CASTELLI (CHRYSALIS CEO)

Highest reported compensation

  • SHARON CASTELLI (CHRYSALIS CEO): $335,066 total reported compensation
  • JUDITH GOUGH (CHRYSALIS COS): $193,441 total reported compensation
  • JOHN MILES (CHRYSALIS CFO): $88,308 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 real estate corporation is both a real estate housing developer and a holding corporation for affordable housing for chrysalis center, inc.

What it reported doing in 2024

Corporate site - maintains operational headquarters for chrysalis center, inc. At 255 homestead avenue in hartford and a satellite office at 1338 baldwin avenue in waterbury.chrysalis center, inc. Is a multi-service non-profit organization serving hartford and greater hartford with community programs and services to a wide range of individuals and families in need of support. The organization provides services in 5 core areas: community case management, supportive housing services, employment services, recovery services and community connections. Chrysalis center serves over 4,000 individuals each year who face such challenges as mental illness, substance abuse, hivaids, homelessness, return from incarceration and other challenges. Services are provided to assist each individual with the right support to maximize their ability to recover and remain productive and stable in their community. The organization is accredited by the commission for accreditation of rehabilitative facilities for: community case management, supportive housing services and community based rehabilitative services.

Operating model

Revenue model
Earned-program. 84% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 88
  • Accountability: 91
  • Sustainability: 45
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15.1%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 12.42; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.4% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 10 filed program accomplishments · $3.8M in reported program spending
  • Leadership: top reported pay $335K · 10 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 7 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.

  • High — Sustainability: Operating margin scored 9/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.