2018-05-04T16:21:11-05:00 2017-06-30 271728945 PKF O'Connor Davies LLP 3001 Summer Street 5th Floor East Stamford CT 06905 990 2016-07-01 061172535 INSPIRICA INC INSP 2033880119 141 FRANKLIN STREET STAMFORD CT 06901 Bruce Heller Chairperson 2033880119 2018-05-04 1 Garrett M Higgins P00543209 2033232400 2018-04-26 2016 2022-09-23 18:48:47Z Jason Shaplen 141 FRANKLIN STREET STAMFORD CT 06901 10723670 0 X www.InspiricaCT.org X 1987 CT INSPIRICA'S MISSION IS TO BREAK THE CYCLE OF HOMELESSNESS BY HELPING PEOPLE ACHIEVE, AND MAINTAIN, PERMANENT HOUSING AND STABILITY IN THEIR LIVES. 25 25 109 2000 0 0 6047328 6213997 1404888 1490709 231869 234241 44263 73744 7728348 8012691 152254 98422 0 0 4289842 4214591 0 0 274105 2263488 2358971 6705584 6671984 1022764 1340707 24910981 26347558 6803754 6501232 18107227 19846326 X INSPIRICA IS ONE OF THE LARGEST PROVIDERS OF SERVICES TO THE HOMELESS IN CONNECTICUT AND THE LARGEST IN LOWER FAIRFIELD COUNTY. EACH NIGHT WE HOUSE APPROXIMATELY 350 PEOPLE, AND EACH YEAR WE SERVE OVER 1,050 PEOPLE. WE OPERATE 11 FACILITIES IN LOWER FAIRFIELD COUNTY AND PROVIDE AN EXTENSIVE ARRAY OF SUPPORT SERVICES, INCLUDING VOCATIONAL TRAINING, WORKFORCE EDUCATION, JOB PLACEMENT, HOUSING PLACEMENT, JOB & HOUSING RETENTION SUPPORT, CHILDREN'S SERVICES, EARLY CHILDHOOD & PARENTING SERVICES, COUNSELING, CASE MANAGEMENT, AND MUCH MORE. WE FURTHER PROVIDE DIRECT ACCESS TO MEDICAL CARE, MENTAL HEALTH CARE, PSYCHIATRIC CARE, DENTAL CARE, AND SUBSTANCE ABUSE TREATMENT ETC. THROUGH A NETWORK OF STRATEGIC PARTNERSHIPS. 0 0 2008034 15576 203387 Homeless Programs - Emergency Shelter/Transitional Housing and Support for Families and Single WomenIn FY2017, Inspirica served 371 people in family's emergency shelter and transitional housing as well as 100 single women in emergency shelter. In addition to receiving housing services, all participants also received integrated case management, general counseling, access to drug and alcohol abuse counseling, workforce education, vocational training, employment & job placement services, housing placement, job/housing retention services, children's services, early childhood & parenting services etc. In addition to these in-house services, participants received direct access to services such as Medical and Dental Care, inpatient substance abuse treatment, psychiatric care, head start/early head start (families only) etc. through a network of formal strategic partnerships. 1702816 77680 857549 Permanent Housing, including Permanent Supportive Housing and Deeply Affordable HousingIn FY2017, Inspirica served 204 people in permanent supportive housing and deeply affordable housing in the following facilities: Colony Apartments (33), Atlantic Park Apartments (30), Rose Park Apartments (10), Metcalf House (12), 24 and 26 Woodland Place (38), Summer House (53) and McKinney House (28). In addition to receiving housing, all participants in the above programs also received the same comprehensive, integrated services listed above. 718896 0 57210 Mental Illness Programs - Outreach, Jail Diversion and Transitional Housing & Support services for individuals with Mental Illness.In FY2017, Inspirica served 44 in outreach, 13 people in Jail Diversion, and 19 people in transitional housing. All individuals suffered from persistent, serious mental illness. The outreach program provides retention support for people who are living in their own community but need some form of support services. The Jail Diversion program provides an alternative for people alleged to have committed non-violent crimes as their cases move through the legal system. The transitional housing program provides housing and support services to people who have been discharged from mental health institutions or group homes, but are not yet able to live independently. In addition to receiving housing, all participants in the above programs received the same comprehensive, integrated services listed above. 1540015 5166 372563 Other Programs include workforce education, vocational training, job placement, children's services (including an after school program), early childhood & parenting (starting January 19, 2016) and access to health care, dental care, psychiatric care, substance abuse, holiday gift collection, and HIV/AIDS programs. 1540015 5166 372563 5969761 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 61 0 109 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X Steve Wolfe 2033880119 141 FRANKLIN STREET STAMFORD CT 06901 Patty Roberts Chairman 10.00 X X 0 0 0 Carmen Domonokos Vice Chairman 2.00 X X 0 0 0 Jeff Brennan Secretary 2.00 X X 0 0 0 Larry Goldberg Treasurer 2.00 X X 0 0 0 Claude Bernstein Director 2.00 X 0 0 0 Jane Carlin Director 2.00 X 0 0 0 donna christensen Director 2.00 X 0 0 0 Linda Cremin Director 2.00 X 0 0 0 Marianne Drost Director 2.00 X 0 0 0 harry geller Director 2.00 X 0 0 0 Larry L Gilmore Director 2.00 X 0 0 0 Kim Henderson Director 2.00 X 0 0 0 Steve Hoover Director 2.00 X 0 0 0 Len Larrabee Director 2.00 X 0 0 0 kay maxwell Director 2.00 X 0 0 0 Robert mendelsohn Director 2.00 X 0 0 0 james Metzger Director 2.00 X 0 0 0 Gary Neems Director 2.00 X 0 0 0 Lawrence Skeats Director 2.00 X 0 0 0 Marci Paulk Director 2.00 X 0 0 0 scott Davis director 2.00 X 0 0 0 Mary Grande director 2.00 X 0 0 0 beatrice chodosh director 2.00 X 0 0 0 STEVE NAPIER Director 2.00 X 0 0 0 DOUG BURKE Director 2.00 X 0 0 0 Jason Shaplen CEO 40.00 X 289880 0 988 Steve Wolfe CFO 40.00 X 100918 0 12782 Anahaita Kotval coo THRU JUNE 2017 40.00 X 184668 0 2550 Noel Kammermann Chief Officer, Program Eff 40.00 X 119373 0 0 694839 0 16320 4 0 1 0 terry dettman 13 poags hole court dansville NY 14437 construction 192850 Schindler Elevator Corp PO BOX 93050 CHICAGO IL 606733050 ELEVATOR REPAIR/UPGRADE 148276 Alliance Locksmiths Inc 5 West Cross Street Hawthorne NY 10532 Door Installation 146735 emerson construction 34 tashua road trumbull CT 06611 Construction 119396 4 27347 238486 3223281 2724883 126070 6213997 TENANT INCOME 531110 1446091 1446091 rapid rehousing program 531110 44618 44618 1490709 157655 157655 2755290 2678704 76586 76586 76586 34818 238486 32275 2543 2543 Reimbursement 900099 39003 39003 laundry income 900099 17089 17089 Vending machine income 900099 9881 9881 5228 5228 71201 8012691 1490709 0 307985 98422 98422 622829 564679 30078 28072 2877428 2605876 142117 129435 341077 322105 2472 16500 373257 352494 2706 18057 93181 89660 459 3062 5734 5734 83744 83744 42999 42999 115487 53851 60700 936 10143 4543 5600 64468 39447 1389 23632 114838 102992 3080 8766 898676 857408 25693 15575 17950 16730 1196 24 75741 67424 5132 3185 6016 5912 104 555365 534157 11403 9805 98327 93148 1531 3648 Equipment Expense 62379 53485 2108 6786 program supplies 57515 57381 22 112 CLIENT SUPPORT & MEALS 40091 40091 Other expenses 15249 13431 1012 806 1068 1068 6671984 5969761 428118 274105 604791 1201003 957400 3225289 848379 123946 63910 73247 84930 63872 20763393 7061199 13526095 13702194 6704328 5808564 2121148 2149443 24910981 26347558 310902 388985 350612 31725 22920 31914 6119320 6048608 6803754 6501232 X 12125444 12807589 3114330 4171284 2867453 2867453 18107227 19846326 24910981 26347558 X 1340707 410302 -11910 X X 0 1 X 1 1 1 X 6576617 10441221 6338051 6047328 6213997 35617214 6576617 10441221 6338051 6047328 6213997 35617214 740530 34876684 26684 72014 534210 209005 157655 999568 10103 2543 12646 27437 65446 71201 164084 36793512 6422430 0.94790 0.95000 X Schedule A, Part II, Line 10, Explanation of Other Income: misc income - 2012 Amount: $ 27,437. 2015 Amount: $ 34,574. 2016 Amount: $ 3,790. laundry income - 2015 Amount: $ 21,034. 2016 Amount: $ 17,089. vending machine income - 2015 Amount: $ 9,838. 2016 Amount: $ 9,881. Reimbursement - 2016 Amount: $ 39,003. Insurance Settlement - 2016 Amount: $ 1,438. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3913634 394027 4307661 3925297 -11663 3913634 3807435 117862 3925297 3236180 571255 3807435 2889819 346361 3236180 0.00000 0.66570 0.33430 0 0 2441622 2441622 15256472 4682164 10574308 1921148 1484093 437055 985517 772494 213023 158634 122448 36186 13702194 restricted deposits and funded reserves 2149443 2149443 X 8368084 410302 410302 7957782 42999 11910 54909 8012691 6628985 0 6628985 42999 42999 6671984 Part IV, Line 2b: Inspirica collects and maintains tenant security deposits in alignment with the following procedure: Residents provide the Building Manager with a security deposit upon moving into the housing unit. For five of our properties, these funds are deposited into our general operating account. For the other two properties, these funds are deposited into a separate account and held by the Organization to address future expenses that may be incurred for repairs and/or damages to the housing units after the tenant vacates the premises. The remaining security deposit funds are disbursed back to the tenant by the Organization when all necessary repairs have been completed to prepare the unit for an incoming tenant. Part V, Line 4: The Organization's endowment consists of PERMANENTLY restricted funds established to provide long-term support for the Organization's programs. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. Part X, Line 2: Management recognizes the effects of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition or disclosure. Part XI, Line 4b - Other Adjustments: Loss on disposal of assets 11,910. Spring Soiree 257304 222486 34818 2919 7588 6814 11958 Walk-a-Thon 13940 13940 1 2060 2060 500 1559 600 337 273304 238486 34818 3419 9147 7414 12295 32275 2543 1 Housing stability fund 15 27850 rapid rehousing fund 14 49830 Scholarship fund 9 1334 FOOD, HOUSEHOLD GOODS, AND CLOTHING 400 19408 Cost FOOD, HOUSEHOLD GOODS, AND CLOTHING Part I, Line 2: Assistance to individuals is provided after the individual's circumstances are reviewed and verified. Payments for assistance for individuals is paid directly to a 3rd party on behalf of the recipient. X X X X 0 0 0 0 0 0 0 1 0 Jason Shaplen CEO 269012 0 20000 0 868 0 0 0 988 0 290868 0 0 0 Anahaita Kotval coo THRU JUNE 2017 164447 0 20000 0 221 0 0 0 2550 0 187218 0 0 0 Part I, Line 7 Jason Shaplen (CEO), Steve Wolfe (CFO), Anahaita Kotval (Chief Operations Officer), Noel Kammermann (Chief program officer) received bonuses from the organization in the amount of $20,000, $2,000, $20,000, and $2,000 respectively for the calendar year ended December 31, 2016. These payments were included in the reportable compensation REPORTED Form 990, Part VII, Section A, line 1a, COLUMN (D). THE BONUS of Jason Shaplen WAS BASED ON THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF INSPIRICA, INC. THE BONUS WAS BASED UPON A REVIEW OF THE INDIVIDUAL'S PERFORMANCE, AND APPROVED BY THE EXECUTIVE COMMITTEE PRIOR TO BEING AWARDED. The bonuses for Steve Wolfe, Anahaita Kotval and Noel Kammermann were based on the discretion of the CEO as well as a review of the individual's performance. X 18516 cost X 10 106662 Selling Price X 1 892 cost 0 0 0 0 Part I, Column (b): the number of contributors is reported on column (b). Form 990, Part III, Line 1 We are unique for several reasons: - The first is the breadth of housing we provide. By operating shelters, transitional housing, permanent housing, deeply affordable housing and rapid rehousing, we work across the spectrum of housing, enabling us to break the cycle of homelessness rather than provide only a temporary fix. - The second is the scope of people we serve. By serving single men, single women, families, people with mental illness, and persons living with HIV/AIDS, we are able to work across the spectrum of people who are homeless rather than with just one segment. - The third is our comprehensive approach to helping people. We address not just the physical part of homelessness, but all of the underlying reasons a person becomes homeless, improving our success rate. Our ability to integrate services is a key element of our success and sets us apart from many other organizations. Inspirica is also unique for a fourth reason - our intense focus on results. We measure success not by how many people we serve, but the ultimate goal: how many of them achieve and maintain permanent housing and stability. COMMUNITY NEEDS The economy has improved, but the effects have not yet trickled down. Today, 101 million people in the United States (1 out of 3) live in poverty or within 50% of the poverty line (defined as "near poverty"). From there they are cascading into homelessness. Our area has been particularly hard hit due to the high cost of living. The Stamford-Norwalk metropolitan area is now the 5th most expensive housing jurisdiction in the nation. While most daily expenses here track a few percentage points above national norms, housing costs are an outlier - they are 208% of the national average. This has resulted in a different kind of homelessness: economic homelessness. While mental illness and substance abuse still play an outsized role, the rising cost of living coupled with wage stagnation is now leading to soaring homelessness and a record demand for our services. Indeed, homelessness in our community is rising faster than elsewhere in Connecticut. Inspirica continues to address the rising - and changing - face of homelessness through several means, including: creating the field and expanding our stock of deeply affordable housing; launching a Wage Growth Initiative; expanding rapid rehousing; and, forging multiple collaborations on a local and regional level. THE POPULATION WE SERVE Inspirica serves individuals and families that live in poverty or near poverty and all are homeless or at risk of becoming homeless. The majority have little or limited job experience and often deficient educational backgrounds. Many suffer from substance abuse, mental illness and/or HIV/AIDS. We serve single women, men, families, individuals with cognitive impairments as well as some with a history of incarceration. Without Inspirica, they are unlikely to secure employment and earn the income they need to be able to move into the community and become productive members of society. Our clients' demographics include 49% African American, 29% Caucasian, 21% Latino and 1% other. The ages of our program participants range from newborns to seniors in their late 70s. PROGRAMS Inspirica is unique in its ability to address the needs of our clients holistically and comprehensively through end-to-end platform of integrated services, all of which leverage each other. We are one of only a few organizations nationally that has combined residential and support services under one roof in a one-stop-shop setting. Our ability to address both the physical aspect of homelessness and its underlying root causes exponentially increases our success rate. Residential Programs Family Housing: Our Family Housing Program has two distinct components: an emergency shelter that provides housing and support services to approximately 17 families (42 individuals) for up to two months; and, a transitional housing facility that provides housing and support services to approximately 25 families (63 individuals) for up to 24 months. Women's Housing: Our Women's Housing Program provides emergency shelter and support services to 25 single women for up to two months. Gilead House: Our Gilead Program provides transitional housing for 16 single men and women living with persistent mental illness, including three beds in a Jail Diversion Program. Permanent Supportive Housing: Our Permanent Supportive Housing Program consists of four residences (Colony Apartments, Atlantic Park Apartments, Metcalf House, and Rose Park) that together provide 86-91 people with permanent supportive housing. Tenants in this program hold their own leases and pay 30% of their income in rent. Deeply Affordable Housing: Our Deeply Affordable Housing Program consists of two residences (24 Woodland Place and 26 Woodland Place) that provide deeply affordable housing for nine families (approximately 25-27 people). Rapid Re-housing: Inspirica is the contractor or subcontractor for three distinct rapid rehousing programs, through which we provide housing to approximately 25-30 families in the community. In addition to the above, Inspirica is currently developing a 48-unit building for seniors (due to be completed in late 2017) and a 54-unit building for individuals and families. Non-Residential/Support Programs All of our residential programs are enhanced with substantial support services that are essential to addressing the underlying causes of homelessness, allowing people to break the cycle of homelessness and return to healthy, stable lives in the community: Children's Services: Our Children's Services Program provides critical foundational, educational, psychological, developmental, and after-school support to the children in our care, allowing them to maintain stability, gain self-esteem, excel in school, and develop in line with or ahead of their peers who are not homeless. Last month we launched a critical fifth component to address the needs of our most vulnerable residents - an Early Childhood and Parenting Program that provides pre-literacy and developmental programming to children from birth to age 5, with concurrent training for their parents. Jumpstart Career Program: Our Jumpstart Career Program provides participants with the core skills they need to prepare for, find, maintain and advance in employment. The program has three distinct components: Jumpstart Vocational Training, Jumpstart Education, and Jumpstart Employment Agency. Participants in the Jumpstart Career Program develop critical life and work skills that allow them to secure employment and earn the income they need to exit homelessness and maintain healthy, stable lives in the community. Jumpstart Employment Agency further includes a Wage Growth Initiative to help clients increase their earning capacity. Job & Housing Retention Services: Our Job and Housing Retention Program provides essential job and housing retention support to participants who have recently become employed or moved into permanent housing. Without this support, many would likely lose their jobs or homes, perpetuating the cycle of homelessness. Additional Support Services: In addition to the above, we provide an extensive array of support services, including counseling and case management within our residential programs. We further provide direct access to medical and dental care, in-patient substance abuse treatment, psychiatric care and more through a network of formal, strategic partnerships. Form 990, Part III, Line 1 OUTCOMES & RESULTS Inspirica holds itself to a high standard. We measure success not by how many people we serve, but by how many of them attain jobs and move into permanent housing. Our rigorous approach to metrics and ability to evaluate our programs have proven extremely successful. In FY17 our results included the following: Job Placements: We made a record 200 job placements at a record average starting wage of $12.47 per hour (23% above minimum wage), bringing our total over the past seven fiscal years to a record 1,268. The average person whom we placed in a job worked 32.2 hours per week. Housing: We moved a record 204 men, women and children into permanent housing, bringing our total over the past seven fiscal years to a record 1,105 individuals. Children's Services: At the end of the school year, 99% percent of the children in our care graduated to the next grade level. Their average grade was a B. Both statistics far exceed the national average. Job & Housing Retention: The people we place in jobs and housing remain employed and housed. The following far exceed national averages. Job retention: 98% of participants whom we place in jobs remain employed after 1 month, 89% after 3 months, 78% after 6 months, and 59% after 12 months. Housing Retention: 100% of participants whom we place in permanent housing remain housed after 1 month, 100% after 3 months, 100% after 6 months, and 96% after 12 months. Form 990, Part VI, Section A, line 3 Property management of the 2 wholly-owned limited liability companies, Atlantic PSH, LLC and Colony PSH, LLC, were operated by DeMarco Management Corporation. The property management company oversees the accounting for the Companies, including receiving payments and disbursing funds from the Companies bank accounts. IN FISCAL YEAR 2017, DEMARCO MANAGEMENT WAS PAID $29,880 FOR THESE SERVICES. THE ORGANIZATION HAS A MANAGEMENT AGREEMENT FOR CERTAIN ADMINISTRATIVE AND HUMAN RESOURCES WITH ADP TOTALSOURCE, INC. THE OFFICERS AND HIGHEST COMPENSATED EMPLOYEES LISTed IN PART VII AND SCHEDULE J WERE PAID BY ADP TOTALSOURCE, INC. IN FISCAL YEAR 2017, ADP TOTALSOURCE, INC. WAS PAID AN ESTIMATED $63,301 FOR THESE SERVICES. Form 990, Part VI, Section B, line 11b Inspirica, Inc. has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it is electronically sent to the board for approval and a conference call is held for discussion. Once the board has approved the return it is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c All directors and employees sign a conflict of interest form annually. In each fiscal year at least one board meeting includes an agenda item on conflict of interest, reminding all board members of their commitment to adhere to the policy and asking if there are any known or potential conflicts of interest. All employees must avoid establishing financial interests, outside affiliations or relationships which may create a conflict, or appear to create a conflict, between the employee's personal interests and the interests of Inspirica or its clients. A conflict of interest exists whenever an Inspirica employee (or a member of his or her immediate family) has a direct financial or other personal interest in any transaction or proposed transaction involving Inspirica. A conflict of interest may also exist where the employee has an indirect interest in a transaction, for example, because the transaction will benefit someone with whom the director or employee has a friendship or other personal relationship. In such situations, employees must disclose the conflict to their supervisor and recuse themselves from the decision making process with respect to the transaction in question and from influencing or appearing to influence the relationship between Inspirica and the party or parties to the transaction involved. The appearance of a conflict of interest may be just as damaging to Inspirica's reputation as an actual conflict and more difficult for the individuals involved to identify. All employees are expected to be objective in making decisions and to consider any improper interest or influence that could arguably impair that objectivity. In determining whether there is an appearance of conflict, each employee should determine whether a reasonable, disinterested observer (i.e. a client, supplier, funder, an acquaintance, examiner or a government representative) would have any grounds to believe: -That Inspirica was serving one client's interests at the expense of another; or -That business with Inspirica was done on the basis of friendship, family ties, the giving and receiving of gifts, or to curry favor with some specific entity or individual rather than on the merits; or -That the Inspirica name or resources were used by employees for their personal gain. If an employee's participation in a decision making process would raise the appearance of a conflict of interest, the employee should recuse himself or herself from that decision making process. Form 990, Part VI, Section B, line 15 The process for determining the compensation of the CEO, CFO, and COO included commissioning a comprehensive compensation survey by an independent entity. The survey was completed in FY 2012 and included compensation data for the above positions at similar not-for-profit organizations in southwest CT. The data was presented to the Board for review and approval at the time the survey was completed. Additionally, in FY14, Inspirica completed a detailed, comprehensive compensation survey of not-for-profits in Fairfield County and Westchester County, including 89 respondents. The CEO's salary for FY17 was determined by the Executive Committee. The committee utilized the above surveys in determining the CEO's salary. It further based its decisions on a comprehensive 360-degree performance review. A review of results/outcomes, financial standing of the organization, and performance measurement against goals determined at the start of the fiscal year. The CEO's salary was presented to the full Board for comment. The salaries of the CFO and COO were determined by the CEO based on the above survey. The CEO's salary is addressed with the full Board at Board meeting at the end of each fiscal year with the final compensation being conveyed in writing to the CFO. Form 990, Part VI, Section C, line 19 Financial statements, governing documents, conflict of interest polilcy, form 990 and form 1023 are made available for public viewing upon written request at 141 Franklin Street, Stamford, CT 06901 or by calling the organization directly at (203)-388-0119. Form 990, Part XI, line 9: Loss on disposal of assets -11,910. Form 990, Part XII, Line 2c: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. NO CHANGES HAVE BEEN MADE IN THE PRIOR YEAR. atlantic psh llc 141 franklin street stamford CT 06901 900802347 residential real estate CT 437042 3409645 inspirica inc colony psh llc 141 franklin street stamford CT 06901 800791503 residential real estate CT 405422 3209375 inspirica inc 992 summer Street LLC 141 franklin street stamford CT 06901 383956514 Holding Company CT 0 100 inspirica inc 72 Franklin LLC 141 franklin street Stamford CT 06901 821496178 residential real estate CT 180 1300180 inspirica inc