Social Finance CT Family Stability 2016: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
Social Finance CT Family Stability 2016 (EIN 36-4829457)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202133199349316353
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T12:23:28-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE INTERNATIONAL PLACEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364829457EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Social Finance CT Family Stability 2016BusinessNameLine1Txt
Business Name Line2Manager IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% ELIZABETH DINHInCareOfNm
Business Name ControlSOCIBusinessNameControlTxt
Phone6179399900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 Atlantic Avenue 5th FloorAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNavjeet BalPersonNm
Person TitleTreasurerPersonTitleTxt
Phone6179399900PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNavjeetPersonFirstNm
Person LastBalPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBrian VigneaultPreparerPersonNm
PTINP00540650PTIN
Phone6174220700PhoneNum
Preparation2021-11-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Final ReturnYes (X)FinalReturnInd
Principal OfficerNavjeet BalPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 Atlantic Avenue 5th FloorAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$11,166,196GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.socialfinance.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION FURTHERS CHARITABLE PURPOSES BY LESSENING THE BURDENS OF GOVERNMENT OF THE STATE OF CONNECTICUT (CONTINUED ON SCHEDULE O.)ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$709,750PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$3,276PYInvestmentIncomeAmt
CY Investment Income$1,289CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$11,164,907CYOtherRevenueAmt
PY Total Revenue$713,026PYTotalRevenueAmt
CY Total Revenue$11,166,196CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,143,573PYOtherExpensesAmt
CY Other Expenses$2,502,072CYOtherExpensesAmt
PY Total Expenses$3,143,573PYTotalExpensesAmt
CY Total Expenses$2,502,072CYTotalExpensesAmt
PY Revenues Less Expenses-$2,430,547PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,664,124CYRevenuesLessExpensesAmt
Total Assets BOY$12,743,372TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities BOY$21,398,961TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$8,655,589NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$0NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe organization furthers charitable purposes by lessening the burdens of government of the state of Connecticut by promoting family stability and reducing foster care utilization for families impacted by parental substance use. It will accomplish these goals by providing in-home attachment-based parent-child therapy and contingency management substance use treatment designed to support substance affected families, such that they may thrive in drug-free, safe and stable homes.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangeYes (true)SignificantChangeInd
Expense$615,962ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescYALE CHILD STUDY CENTER (YCSC): YCSC'S TWO FBR CLINICIAN TEAMS DELIVERED INTENSIVE IN-HOME CLINICAL SERVICES TO FAMILIES INVOLVED WITH THE CONNECTICUT DEPARTMENT OF CHILDREN AND FAMILIES (CT DCF) DUE TO PARENTAL SUBSTANCE USE. THESE TEAMS SERVED FAMILIES LOCATED IN CT DCF REGION 2 (NEW HAVEN).Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
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Grant$0GrantAmt
Revenue$0RevenueAmt
DescCOMMUNITY MENTAL HEALTH AFFILIATES (CMHA): CMHA'S TWO FBR CLINICIAN TEAMS DELIVERED INTENSIVE IN-HOME CLINICAL SERVICES TO FAMILIES INVOLVED WITH THE CONNECTICUT DEPARTMENT OF CHILDREN AND FAMILIES (CT DCF) DUE TO PARENTAL SUBSTANCE USE. THESE TEAMS SERVED FAMILIES LOCATED IN CT DCP REGION 5 (WATERBURY, TORRINGTON, DANBURY).Desc

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FieldValueIRS element (for citing)
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Grant$0GrantAmt
Revenue$0RevenueAmt
DescUNITED COMMUNITY & FAMILY SERVICES (UCFS): UCFS' TWO FBR CLINICIAN TEAMS DELIVERED INTENSIVE IN-HOME CLINICAL SERVICES TO FAMILIES INVOLVED WITH THE CONNECTICUT DEPARTMENT OF CHILDREN AND FAMILIES (CT DCF) DUE TO PARENTAL SUBSTANCE USE. THESE TEAMS SERVED FAMILIES LOCATED IN CT DCF REGION 3 (NORWICH, WILLIMANTIC, MIDDLETOWN).Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$671,965TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$2,101,687TotalProgramServiceExpensesAmt
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Schedule B RequiredfalseScheduleBRequiredInd
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Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
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Report Investments Other SecfalseReportInvestmentsOtherSecInd
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Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
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Foreign OfficefalseForeignOfficeInd
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Professional FundraisingfalseProfessionalFundraisingInd
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Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
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Schedule J RequiredYes (true)ScheduleJRequiredInd
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Business Rln With35 Ctrl EntYes (true)BusinessRlnWith35CtrlEntInd
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Terminate OperationsYes (true)TerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
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Foreign Financial AccountfalseForeignFinancialAccountInd
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Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
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Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
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Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
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Local ChaptersfalseLocalChaptersInd
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Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonELIZABETH DINHPersonNm
Phone6179399900PhoneNum

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FieldValueIRS element (for citing)
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CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TRACY PALANDJIAN
PRESIDENT2.040.0Yes (X)Yes (X)$0$275,562$30,283
NAVJEET BAL
TREASURER2.040.0Yes (X)Yes (X)$0$223,548$29,234
JONATHAN EDWARDS
SECRETARY2.040.0Yes (X)Yes (X)$0$153,177$21,334
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Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
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Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

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YALE CHILD STUDY CENTER
230 S FRONTAGE ROADNEW HAVENCT06519PROGRAM SERVICES$880,188
COMMUNITY MENTAL HEALTH AFFILIATES
270 JOHN DOWNEY DRNEW BRITAINCT06051PROJECT & MGMT SVCS$465,900
UNITED COMMUNITY FAMILY SERVICES
34 EAST TOWN STREETNORWICHCT06360PROJECT MGMT & SVCS$347,860
COMMUNITY HEALTH RESOURCES
995 DAY HILL ROADWINDSORCT06095PROJECT MGMT & SVCS$214,250
UNIVERSITY OF CONNECTICUT
195 FARMINGTON AVE STE 2040FARMINGTONCT06032EVALUATION SERVICES$193,489
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
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Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
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Exclusion$1,289ExclusionAmt

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Real$0RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

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Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

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FieldValueIRS element (for citing)
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Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

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FieldValueIRS element (for citing)
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Net Income From Gaming NetIncomeFromGamingGrp

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Net Income Or Loss NetIncomeOrLossGrp

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Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
WIND DOWN FUNDS FROM CT MANAGER ESCROW900099$10,871,921$10,871,921
FORGIVENESS OF ACCRUED INTEREST900099$292,986$292,986
FieldValueIRS element (for citing)
Other Revenue Total$11,164,907OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
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Related Or Exempt Func Income$11,164,907RelatedOrExemptFuncIncomeAmt
Exclusion$1,289ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

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Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
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Foreign Grants ForeignGrantsGrp

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Benefits To Members BenefitsToMembersGrp

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Comp Disqual Persons CompDisqualPersonsGrp

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Other Employee Benefits OtherEmployeeBenefitsGrp

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Payroll Taxes PayrollTaxesGrp

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Fees For Services Management FeesForServicesManagementGrp

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Management And General$122,500ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

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Fees For Services Accounting FeesForServicesAccountingGrp

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Fees For Services Lobbying FeesForServicesLobbyingGrp

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Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

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Fees For Services Other FeesForServicesOtherGrp

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Advertising AdvertisingGrp

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Office Expenses OfficeExpensesGrp

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Information Technology InformationTechnologyGrp

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Royalties RoyaltiesGrp

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Occupancy OccupancyGrp

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Travel TravelGrp

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Conferences Meetings ConferencesMeetingsGrp

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Interest InterestGrp

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Payments To Affiliates PaymentsToAffiliatesGrp

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Depreciation Depletion DepreciationDepletionGrp

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Insurance InsuranceGrp

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Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM FEES$2,101,687$2,101,687
OTHER FEES$277,885$277,885

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
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Management And General$400,385ManagementAndGeneralAmt
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Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

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Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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Investments Program Related InvestmentsProgramRelatedGrp

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Intangible Assets IntangibleAssetsGrp

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Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
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Total Assets TotalAssetsGrp

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Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

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EOY$0EOYAmt

Grants Payable GrantsPayableGrp

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Deferred Revenue DeferredRevenueGrp

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Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

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Loans From Officers Directors LoansFromOfficersDirectorsGrp

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Total Liabilities TotalLiabilitiesGrp

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EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

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EOY$0EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

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EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
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EOY$0EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
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EOY$0EOYAmt
FieldValueIRS element (for citing)
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Prior Period Adjustments-$8,535PriorPeriodAdjustmentsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$427CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$945CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,598CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,276CurrentTaxYearMinus1YearAmt
Current Tax Year$1,289CurrentTaxYearAmt
Total$8,535TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$8,535TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd
CY Minus3 Yr Endwmt FundCYMinus3YrEndwmtFundGrp
CY Minus4 Yr Endwmt FundCYMinus4YrEndwmtFundGrp
LandLandGrp
BuildingsBuildingsGrp
Leasehold ImprovementsLeaseholdImprovementsGrp
EquipmentEquipmentGrp
Other Land BuildingsOtherLandBuildingsGrp
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt
Total Liability$0TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$11,166,196TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$11,166,196RevenueSubtotalAmt
Total Revenue Per Form990$11,166,196TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,502,072TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$2,502,072ExpensesSubtotalAmt
Total Expenses Per Form990$2,502,072TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationCT LLC IS TREATED AS A DISREGARDED ENTITY AND IS INCLUDED IN THE TAX FILINGS OF CT MANAGER. CT LLC FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. SHOULD THERE BE INTEREST ON UNDERPAYMENTS OF INCOME TAX, CT LLC WOULD CLASSIFY IT AS INTEREST EXPENSE. CT LLC WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENTS OF INCOME TAX AS OTHER EXPENSE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
TRACY PALANDJIAN
PRESIDENT$0$244,699$0$30,000$0$863$0$7,491$0$22,792$0$305,845$0$0
NAVJEET BAL
TREASURER$0$201,269$0$21,000$0$1,279$0$6,178$0$23,056$0$252,782$0$0
JONATHAN EDWARDS
SECRETARY$0$138,574$0$14,000$0$603$0$4,239$0$17,095$0$174,511$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3:FormAndLineReferenceDesc
ExplanationTHE OFFICERS WERE COMPENSATED THROUGH A RELATED ORGANIZATION, SOCIAL FINANCE INC. COMPENSATION WAS ESTABLISHED BY COMPARISON OF FORM 990 OF OTHER ORGANIZATION, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonSOCIAL FINANCE INCPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionBUSINESS RELATIONSHIPRelationshipDescriptionTxt
Transaction$122,500TransactionAmt
TransactionMANAGEMENTTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCH. L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:FormAndLineReferenceDesc
Explanation(A) NAME OF PERSON: SOCIAL FINANCE INC. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BUSINESS RELATIONSHIP (C) AMOUNT OF TRANSACTION: $122,500 (D) DESCRIPTION OF TRANSACTION: MANAGEMENT SERVICES PROVIDED BY SOCIAL FINANCE INC. (E) SHARING OF ORGANIZATION REVENUE? = NOExplanationTxt

Schedule N IRS990ScheduleN

Liquidation Of Assets Table LiquidationOfAssetsTableGrp

Liquidation Of Assets Detail LiquidationOfAssetsDetail

FieldValueIRS element (for citing)
Assets Distri Or Expnss PaidCash, Inventories and Other AssetsAssetsDistriOrExpnssPaidDesc
Distribution2020-12-31DistributionDt
Fair Market Value Of Asset$12,743,372FairMarketValueOfAssetAmt
Method Of FMV DeterminationFMVMethodOfFMVDeterminationTxt
EIN274620963EIN
PersonSocial Finance IncPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 Atlantic Avenue 5th FloorAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
IRC Section501(c)(3)IRCSectionTxt
FieldValueIRS element (for citing)
Director Of SuccessorfalseDirectorOfSuccessorInd
Employee Of SuccessorfalseEmployeeOfSuccessorInd
Owner Of SuccessorfalseOwnerOfSuccessorInd
Receive CompensationfalseReceiveCompensationInd
Assets DistributedYes (true)AssetsDistributedInd
Required To Notify AGfalseRequiredToNotifyAGInd
Attorney General NotifiedfalseAttorneyGeneralNotifiedInd
Liabilities PaidYes (true)LiabilitiesPaidInd
Bonds OutstandingfalseBondsOutstandingInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:by promoting family stability and reducing foster care utilization for families impacted by parental substance use. It will accomplish these goals by providing in-home attachment-based parent-child therapy and contingency management substance use treatment designed to support substance affected families, such that they may thrive in drug-free, safe and stable homes.
FORM 990, PART III, LINE 3, CEASE OF OPERATIONS:SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC ("CT LLC"), A DELAWARE LIMITED LIABILITY COMPANY, WAS FORMED ON FEBRUARY 8, 2016 AND OPERATED FROM OCTOBER 1, 2016 TO ITS DISSOLUTION ON DECEMBER 29, 2020. CT LLC WAS ESTABLISHED TO LESSEN THE BURDENS OF GOVERNMENT OF THE STATE OF CONNECTICUT BY PROMOTING FAMILY STABILIITY AND REDUCING OUT-OF-HOME PLACEMENTS FOR FAMILIES IMPACTED BY PARENTAL SUBSTANCE USE (THE "PROJECT").
FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:YALE CHILD STUDY CENTER (YCSC) - INTERVENTION PROVIDER: YCSC INTERVENTION PROVIDER CONTINUED TO OVERSEE THE IMPLEMENTATION OF FBR ACROSS THE CT FAMILY STABILITY PROJECT'S FOUR IMPLEMENTING AGENCIES (CMHS, UCFS, CHR & YCSC). YCSC INTERVENTION PROVIDER ASSISTED IN THE HIRING AND TRAINING OF CLINICAL STAFF FOR EACH FBR TEAM, AND ENGAGED IN WEEKLY CONSULTATION TO PROVIDE CLINICAL OVERSIGHT. ADDITIONALLY, YCSC STAFF ENGAGED IN DATA INTEGRATION AND ANALYSIS WORK TO CONSOLIDATE PROGRAMMATIC INFORMATION FLOWING FROM EACH OF THE FOUR AGENCIES, AND SHARE OUT WITH THE PROJECT'S INDEPENDENT THIRD-PARTY EVAUATION TEAM AT UNIVERSITY OF CONNECTICUT. EXPENSES $264,226, REVENUES $0. COMMUNITY HEALTH RESOURCES (CHR): CHR'S FBR CLINICIAN TEAM DELIVERED INTENSIVE IN-HOME CLINICAL SERVICES TO FAMILIES (CT DCF) DUE TO PARENTAL SUBSTANCE USE. THIS TEAM SERVED FAMILIES LOCATED IN CT DCF REGION 3 (NORWICH WILLIMANTIC, MIDDLETOWN). EXPENSES $214,250, REVENUES $0. UNIVERSITY OF CONNECTICUT HEALTH CENTER (UCONN): UCONN ACTED AS THE INDEPENDENT THIRD-PARTY EVALUATOR FOR THE CT FAMILY STABILITY PROJECT. IN THIS ROLE, THEY PROVIDED RESEARCH ASSISTANT SERVICES IN EACH OF THE THREE CT DCF REGIONS TO SUPPORT THE ONGOING RANDOMIZED CONTROLLED TRIAL (RCT). ADDITIONALLY, THE TEAM ENGAGED IN DATA INTEGRATION AND ANALYSIS WORK TO CONSOLIDATE AND PREPARE RESEARCH STUDY INFORMATION AND REOPRTING REQUIRED AS PART OF THE CT FAMILY STABILITY PROJECT. EXPENSES $193,489, REVENUES $0.
FORM 990, PART VI, SECTION A, LINE 2:THE OFFICERS OF SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC WORK TOGETHER AT SOCIAL FINANCE, INC. SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC IS DIRECTLY CONTROLLED BY SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER, INC.
FORM 990, PART VI, SECTION A, LINE 6:SOCIAL FINANCE, INC. IS THE SOLE MEMBER AND STOCKHOLDER FOR CT MANAGER.
FORM 990, PART VI, SECTION A, LINE 7A:THE BYLAWS FOR SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER (CT MANAGER) STATE THAT THE BOARD OF DIRECTORS OF CT MANAGER SHALL BE ELECTED BY THE STOCKHOLDERS. SOCIAL FINANCE INC. IS THE SOLE MEMBER AND STOCKHOLDER FOR CT MANAGER.
FORM 990, PART VI, SECTION B, LINE 11B:THE FORM IS REVIEWED BY THE BOARD, THEN VIEWED BY SENIOR MANAGEMENT OF SOCIAL FINANCE INC. BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C:AS ANNUAL CONFLICT OF INTEREST POLICY STATEMENT IS DISTRIBUTED TO OFFICERS, DIRECTORS, AND MEMBERS OF ANY COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS FOR COMPLETION. ANY CONFLICT WILL BE DISCUSSED WITH THE INTERESTED PERSON AND THE GOVERNING BOARD BEFORE A DECISION IS MADE AS TO THE EXISTENCE OF A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION C, LINE 19:THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1SOCIAL FINANCE CT FAMILY STABILITY 2016BusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 ATLANTIC AVENUE 5TH FLOORAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
EIN300936837EIN
Primary ActivitiesPROMOTE FMLYPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SFCTFSM INCBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1SOCIAL FINANCE INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 ATLANTIC AVENUE 5TH FLOORAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
EIN274620963EIN
Primary ActivitiesMOBILIZE CAPPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NONEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationfalseControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1MA PATHWAYS TO ECONOMIC ADVANCEMENT 2016BusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 ATLANTIC AVENUE 5TH FLOORAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
EIN320500335EIN
Primary ActivitiesINCREASED EDUCATIPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SFI INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeRELATEDPredominantIncomeTypeTxt
Share Of Total Income$0ShareOfTotalIncomeAmt
Share Of EOY Assets$0ShareOfEOYAssetsAmt
Disproportionate AllocationsfalseDisproportionateAllocationsInd
UBI Code V$0UBICodeVAmt
General Or Managing PartnerfalseGeneralOrManagingPartnerInd
Ownership0.00000OwnershipPct
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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