Social Finance CT Family Stability 2016: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
Social Finance CT Family Stability 2016 (EIN 36-4829457)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-11
IRS object ID
202043169349301139
Schema version
2019v5.1
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)
Return2020-11-11T10:27:19-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133842744PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MBAF CPAS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 THIRD AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

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)
Business Name ControlSOCIBusinessNameControlTxt
Phone6179399900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 MILK STREET NO 1010AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNAVJEET K BALPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6179399900PhoneNum
Signature2020-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARC TAUBPreparerPersonNm
PTINP00236664PTIN
Phone2125761400PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.140.52.131IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-09IPDt
IP Tm07:49:20IPTm
IP TimezoneUSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdC90CCCB037BD9F9BB98262D63A260769372BC384AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTRACY PALANDJIANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 MILK STREET NO 1010AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$713,026GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
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 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.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$227,150PYProgramServiceRevenueAmt
CY Program Service Revenue$709,750CYProgramServiceRevenueAmt
PY Investment Income$2,598PYInvestmentIncomeAmt
CY Investment Income$3,276CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$229,748PYTotalRevenueAmt
CY Total Revenue$713,026CYTotalRevenueAmt
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$3,000,545PYOtherExpensesAmt
CY Other Expenses$3,143,573CYOtherExpensesAmt
PY Total Expenses$3,000,545PYTotalExpensesAmt
CY Total Expenses$3,143,573CYTotalExpensesAmt
PY Revenues Less Expenses-$2,770,797PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,430,547CYRevenuesLessExpensesAmt
Total Assets BOY$10,298,798TotalAssetsBOYAmt
Total Assets EOY$12,743,372TotalAssetsEOYAmt
Total Liabilities BOY$16,523,840TotalLiabilitiesBOYAmt
Total Liabilities EOY$21,398,961TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$6,225,042NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$8,655,589NetAssetsOrFundBalancesEOYAmt
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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$696,336ExpenseAmt
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)
Expense$678,600ExpenseAmt
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 DCF REGION 5 (WATERBURY, TORRINGTON, DANBURY).Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$350,000ExpenseAmt
DescUNITED COMMUNITY & FAMILY SERVIES (UCFS): USFS' 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

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$876,668ExpenseAmt
Revenue$709,750RevenueAmt
DescYALE 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 (CMHA, 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 EVALUATION TEAM AT UNIVERSITY OF CONNECTICUT.EXPENSES $291,567UNIVERSITY 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 REPORTING REQUIRED AS PART OF THE CT FAMILY STABILITY PROJECT.EXPENSES $235,101; REVENUE $709,750COMMUNITY HEALTH RESOURCES (CHR): CHR'S FBR CLINICIAN TEAM DELIVERED INTENSIVE IN-HOME CLINICAL SERVICES TO FAMILIES INVOLVED WITH THE CONNECTICUT DEPARTMENT OF CHILDREN AND FAMILIES (CT DCF) DUE TO PARENTAL SUBSTANCE USE. THIS TEAM SERVED FAMILIES LOCATED IN CT DCF REGION 3 (NORWICH, WILLIMANTIC, MIDDLETOWN). EXPENSES $350,000Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$876,668TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$709,750TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$2,601,604TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHN WOODSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6179399900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 MILK STREET 1010AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TRACY PALANDJIAN
PRESIDENT2.0040.00Yes (X)Yes (X)$0$231,453$27,419
CASEY LITTLEFIELD
SECRETARY THRU MAR 20192.0040.00Yes (X)Yes (X)$0$0$6,279
NAVJEET K BAL
TREASURER2.0040.00Yes (X)Yes (X)$0$211,931$29,417
JONATHAN EDWARDS
SECRETARY SINCE APR 20192.0040.00Yes (X)Yes (X)$0$122,509$18,727
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$565,893TotReportableCompRltdOrgAmt
Total Other Compensation$81,842TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
YALE CHILD STUDY CENTER
230 S FRONTAGE ROADNEW HAVENCT06519PROGRAM SERVICES; INTERVENTION PROVIDER$987,903
COMMUNITY MENTAL HEALTH AFFILIATES
270 JOHN DOWNEY DRNEW BRITAINCT06051PROJECT AND MANAGEMENT SERVICES$678,600
UNITED COMMUNITY & FAMILY SERVICES
34 EAST TOWN STREETNORWICHCT06360PROJECT AND MANAGEMENT SERVICES$350,000
COMMUNITY HEALTH RESOURCES
995 DAY HILL ROADWINDSORCT06095PROJECT AND MANAGEMENT SERVICES$350,000
UNIVERSITY OF CONNECTICUT
195 FARMINGTON AVE SUITE 2040FARMINGTONCT06032EVALUATION SERVICES$235,101
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescOUTCOME PAYMENTSDesc
Business900099BusinessCd
Total Revenue Column$709,750TotalRevenueColumnAmt
Related Or Exempt Func Income$709,750RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$709,750TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,276TotalRevenueColumnAmt
Exclusion$3,276ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$713,026TotalRevenueColumnAmt
Related Or Exempt Func Income$709,750RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,276ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$120,000TotalAmt
Management And General$120,000ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$369,351TotalAmt
Management And General$369,351ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM FEES$2,601,604$2,601,604
OTHER FEES$52,618$52,618

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,143,573TotalAmt
Program Services$2,601,604ProgramServicesAmt
Management And General$541,969ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$140,937BOYAmt
EOY$243,384EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$461,684BOYAmt
EOY$466,337EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$9,696,177BOYAmt
EOY$12,033,651EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,298,798BOYAmt
EOY$12,743,372EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$17,667BOYAmt
EOY$19,905EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$9,692,207BOYAmt
EOY$12,026,405EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$6,604,584BOYAmt
EOY$9,052,816EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$209,382BOYAmt
EOY$299,835EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,523,840BOYAmt
EOY$21,398,961EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$6,225,042BOYAmt
EOY-$8,655,589EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$6,225,042BOYAmt
EOY-$8,655,589EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,298,798BOYAmt
EOY$12,743,372EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,430,547ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

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

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$427CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$945CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,598CurrentTaxYearMinus1YearAmt
Current Tax Year$3,276CurrentTaxYearAmt
Total$7,246TotalAmt
FieldValueIRS element (for citing)
Total Support$7,246TotalSupportAmt
Gross Receipts Rltd Activities$936,900GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescCT ESCROWDesc
Book Value$12,033,651BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$12,033,651TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO RELATED PARTY$6,849
INTEREST PAYABLE$292,986
FieldValueIRS element (for citing)
Total Liability$299,835TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$47,137,912TotalRevEtcAuditedFinclStmtAmt
Other Revenue$47,912,645OtherRevenueAmt
Revenue Not Reported$47,912,645RevenueNotReportedAmt
Revenue Subtotal-$774,733RevenueSubtotalAmt
Other Revenues Not Included$1,487,759OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,487,759RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$713,026TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$17,598,295TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$15,930,830OtherExpensesIncludedAmt
Expenses Not Reported$15,930,830ExpensesNotReportedAmt
Expenses Subtotal$1,667,465ExpensesSubtotalAmt
Other Expenses Not Included$1,476,108OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,476,108ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,143,573TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE CONNECTICUT DEPARTMENT OF CHILDREN AND FAMILIES, A DEPARTMENT OF THE STATE OF CONNECTICUT ("THE AGENCY"), IN WHICH THE ORGANIZATION RECEIVES DEPOSITS FOR PURPOSES OF EITHER TRANSFERRING OUTCOME PAYMENTS TO SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC OR RETURNING FUNDS TO THE AGENCY, IN ACCORDANCE WITH THE INTERMEDIARY AGREEMENT. IN ACCORDANCE WITH THE INTERMEDIARY AGREEMENT, FUNDS WERE DEPOSITED INTO AN ESCROW WHICH, INCLUDING ACCUMULATED INTEREST, HAD A TOTAL BALANCE OF $12,033,651 AT DECEMBER 31, 2019. THESE OUTCOME PAYMENTS ARE DEFERRED, BECAUSE THEY ARE CONTINGENT ON THE SATISFACTION OF CERTAIN PERFORMANCE TARGETS WHICH MAY OR MAY NOT BE ACHIEVED.
PART X, LINE 2:THE ORGANIZATION 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 UNDERPAYMENT OF INCOME TAX, THE ORGANIZATION WOULD CLASSIFY IT AS INTEREST EXPENSE. THE ORGANIZATION WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENT OF INCOME TAX AS OTHER EXPENSE. THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. MANAGEMENT BELIEVES THAT ITS NONPROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS FOR YEARS BEFORE 2016.
PART XI, LINE 2D - OTHER ADJUSTMENTS:REVENUES REPORTED ON SOCIAL FINANCE, INC. 22,551,270. REVENUES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 11,058,954. REVENUES REPORTED ON PAYOR ALLIANCE FOR VETERANS EMPLOYMENT, LLC 667. REVENUES REPORTED ON SOCIAL FINANCE MA PATHWAYS II LLC 73,355. REV REPORTED ON SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC 380,451. REV REPORTED ON VET COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT, INC. 903,980. REV REPORTED ON SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 12,943,968.
PART XI, LINE 4B - OTHER ADJUSTMENTS:MANAGEMENT FEES REVENUE FROM AFFILIATES 338,204. OUTCOME PAYMENTS - VETERANS COORDINATED APPROACHED TO RECOVERY & EMPLOYMENT 450,000. SUCCESS FEE FROM SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 687,740. OTHER INCOME - SOCIAL FINANCE MA PATHWAYS II LLC 11,815.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EXPENSES REPORTED ON SOCIAL FINANCE, INC. 9,910,203. EXPENSES REPORTED ON SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 712,740. EXPENSES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 2,656,904. EXPENSES REPORTED ON SF MA PATHWAYS 2016 LLC 30. EXPENSES REPORTED ON SOCIAL FINANCE MA PATHWAYS II LLC 84,797. EXP REPORTED ON SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC 702,461. EXP REPORTED ON VETERANS COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT 1,661,093. EXP REPORTED ON SOCIAL FINANCE CAREER IMPACT BOND GENERAL ASSEMBLY LLC 202,602.
PART XII, LINE 4B - OTHER ADJUSTMENTS:MANAGEMENT FEES REVENUE FROM AFFILIATES 338,204. OUTCOME PAYMENTS - VETERANS COORDINATED APPROACHED TO RECOVERY & EMPLOYMENT 450,000. SUCCESS FEE FROM SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 687,740. OFFICE EXPENSE - SOCIAL FINANCE INC. 164.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 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$206,453$0$25,000$0$0$0$6,294$0$21,125$0$258,872$0$0
NAVJEET K BAL
TREASURER$0$191,931$0$20,000$0$0$0$5,809$0$23,608$0$241,348$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
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

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOCIAL FINANCE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionBUSINESS RELATIONSHIPRelationshipDescriptionTxt
Transaction$120,000TransactionAmt
TransactionMANAGEMENT SERVICES PROVIDED BY SOCIAL FINANCE INC.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THE 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 6SOCIAL FINANCE, INC. IS THE SOLE MEMBER AND STOCKHOLDER FOR CT MANAGER.
FORM 990, PART VI, SECTION A, LINE 7ATHE 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 11BTHE FORM IS REVIEWED BY THE BOARD, THEN VIEWED BY SENIOR MANAGEMENT OF SOCIAL FINANCE INC. BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CAN 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 19THE 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 2016 LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 MILK STREET 1010AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
EIN300936837EIN
Primary ActivitiesPROMOTE FAMILY STABILITY AND REDUCE FOSTER CARE UTILIZATION FOR FAMILIESPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Total Income$709,750TotalIncomeAmt
End Of Year Assets$709,721EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER 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 Line110 MILK STREET 1010AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
EIN274620963EIN
Primary ActivitiesMOBILIZE CAPITAL TO DRIVE SOCIAL PROGRESS.PrimaryActivitiesTxt
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 Organization0ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC
10 MILK STREET 1010BOSTONMA02108463851533REDUCE RECIDIVISM AND INCREASE EMPLOYMENT OF THE FORMERLY INCARCERATEDDESOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 MANAGER INC00
MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC
10 MILK STREET 1010BOSTONMA02108320500335INCREASE EDUCATION AND EMPLOYMENT ATTAINMENT FOR ADULT RECENT IMMIGRANTSDESOCIAL FINANCE INC00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 MANAGER INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 MILK STREET 1010AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
EIN371742609EIN
Primary ActivitiesREDUCE RECIDIVISM AND INCREASE EMPLOYMENT OF THE FORMERLY INCARCERATED.PrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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