Elim Park
Legal name: Elim Park Baptist Home Inc
Nonprofit profile at a glance
- EIN
- 060658099
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Cheshire, CT, United States
- Phone
- (203) 272-7550
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Supportive Housing for Older Adults
- Affiliation
- Christianity
Reported finances
- Revenue
- $41,130,192
- Expenses
- $38,412,623
- Assets
- $108,782,698
- Liabilities
- $76,835,234
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- BRIAN BEDARD (PRESIDENT)
Highest reported compensation
- BRIAN BEDARD (PRESIDENT): $357,929 total reported compensation
- MICHELLE PASCETTA (CHIEF FINANCIAL OFFICER): $206,717 total reported compensation
- JOHN SWEENEY (ADMINSTRATOR OF HEALTH SERVICE): $181,553 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Elim Park is a not-for-profit Continuing Care Retirement Community whose mission is to provide the community’s residents with quality care in a Christ-centered environment through beautiful apartment homes, customizable living options, comprehensive wellness programs, and cutting edge medical facilities.
What it reported doing in 2024
The constellation of services offered at elim park has enhanced life for our residents and continues to make a positive impact on our community. Through our mission of providing quality care through comprehensive wellness programs and medical facilities in a christ-centered environment, we are able to nurture the whole person and focus on total wellness of mind, body and spirit. Our sub-acute care, short-term rehabilitation and wellness programs work together to ensure that residents are leading the most productive lifestyles appropriate to their varied levels of independence. Should a resident's dependency level increase, our skilled nursing facility unit provides a smooth transition to on-site nursing care.elim park's non-profit status allows us to channel revenue back into programs and site improvements to enrich the lives of our residents. Benefits to the community include a broad spectrum of out-patient and therapeutic services, aquatic therapy, hosting community events, offering a professional entertainment series, and opening our campus for use by local civic groups and organizations.we continue to upgrade our physical plant to maintain the highest safety standards and a welcome environment. We make technological improvements which contribute to the well-being and comfort of our residents. We maintain the christ-centered community that our founding churches envisioned as the cornerstone upon which elim park continues to grow.
Operating model
- Revenue model
- Other-operating. 90% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 94% 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 88
- Accountability: 95
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: $37.34 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.6%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 2.83; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 21st percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 82% of revenue deployed · 87.2% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $33.5M in reported program spending
- Leadership: top reported pay $358K · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.6M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Related organizations: 10 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Sustainability: Operating margin scored 59/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.