2024-05-14T10:39:23-05:00 2023-06-30 060903326 WHITTLESEY PC 280 TRUMBULL ST 24TH FL HARTFORD CT 06103 990 2022-07-01 061436605 THE CONNECTION FUND - LIBERTY INC CONN 8603435500 100 ROSCOMMON DRIVE SUITE 203 MIDDLETOWN CT 06457 STEPHEN ABSHIRE CFO 8603435500 2024-05-14 1 STEPHEN ABSHIRE 999009999 1 LISA WILLS P01828548 8605223111 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN ABSHIRE 100 ROSCOMMON DRIVE SUITE 203 MIDDLETOWN CT 06457 524805 0 X N/A X 1996 CT ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO ACQUIRE, OWN, FINANCE, MORTGAGE, LEASE, AND OPERATE A CERTAIN IMPROVED PARCEL OF REAL PROPERTY LOCATED AT 601 MAIN STREET, MIDDLETOWN, CONNECTICUT, KNOWN AS LIBERTY COMMONS, ALONG WITH PROVIDING ELDERLY, HANDICAPPED AND DISABLED PERSONS HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PYSCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 3 0 0 0 0 0 0 0 418319 423695 5485 98364 4624 2746 428428 524805 0 0 0 0 124925 198708 0 0 0 483670 430242 608595 628950 -180167 -104145 5873914 5907206 3564859 3702296 2309055 2204910 X ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO ACQUIRE, OWN, FINANCE, MORTGAGE, LEASE, AND OPERATE A CERTAIN IMPROVED PARCEL OF REAL PROPERTY LOCATED AT 601 MAIN STREET, MIDDLETOWN, CONNECTICUT, KNOWN AS LIBERTY COMMONS, ALONG WITH PROVIDING ELDERLY, HANDICAPPED AND DISABLED PERSONS HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PYSCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 0 0 561051 426441 SEE SCHEDULE O FOR THE DESCRIPTION OF THE PROGRAM. 561051 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CT X STEPHEN ABSHIRE 8603435500 100 ROSCOMMON DRIVE MIDDLETOWN CT 06457 LISA DEMATTEIS-LEPORE CEO 3.00 42.00 X X 0 358949 35690 BETH CONNOR DIRECTOR 3.00 42.00 X 0 221630 36223 BETH HOGAN DIRECTOR 3.00 X 0 0 0 0 580579 71913 0 0 1 0 0 RENTAL INCOME 623990 423695 423695 423695 98364 98364 2746 2746 2746 524805 426441 0 98364 154804 154804 26612 26612 17292 17292 26880 26880 3336 3336 14400 14400 12005 12005 191793 191793 31339 31339 92219 92219 46992 46992 MISCELLANEOUS 11278 11278 628950 561051 67899 0 16253 33404 4318 3910 3323614 862199 2546636 2461415 3306707 3408477 5873914 5907206 273827 381769 2967923 2969293 323109 351234 3564859 3702296 X 2309055 2204910 2309055 2204910 5873914 5907206 -104145 0 X X 0 1 X 1 0 X 393754 399679 403057 422943 426441 2045874 393754 399679 403057 422943 426441 2045874 0 0 0 2045874 38074 32597 4069 5485 98364 178589 38074 32597 4069 5485 98364 178589 431828 432276 407126 428428 524805 2224463 0.91970 0.95120 0.08030 0.04880 X 267356 267356 3056258 862199 2194059 2461415 RESTRICTED DEPOSITS AND FUNDED RESERVES 3392139 DEPOSITS HELD IN TRUST 16338 3408477 TENANT SECURITY DEPOSITS 14086 ACCRUED INTEREST PAYABLE-MORTGAGES 337148 351234 524805 0 524805 0 524805 628950 0 628950 0 628950 X X X X X X 0 0 0 0 0 0 0 0 0 LISA DEMATTEIS-LEPORE CEO 0 358949 0 0 0 0 0 17667 0 18023 0 394639 0 0 BETH CONNOR DIRECTOR 0 221630 0 0 0 0 0 12713 0 23510 0 257853 0 0 PART I, LINE 3 - RELATED ORG. METHODS USED FOR COMPENSATION EXPLANATION ALL OFFICERS' SALARIES ARE PAID BY A RELATED ORGANIZATION, THE CONNECTION FUND, INC., WHICH IS ALSO THE MANAGEMENT ORGANIZATION. THE BOARD OF DIRECTORS OF THE CONNECTION FUND, INC. REVIEWS A COMPENSATION SURVEY CONDUCTED BY CBIA AS WELL AS REVIEWS CURRENT EMPLOYMENT STATISTICS FOR THE POSITION FROM THE CONNECTICUT DEPARTMENT OF LABOR. FORM 990, PART VI, SECTION A, LINE 3 FORM 990, PART VI, LINE 3B - ORGANIZATION DELEGATED CONTROL OVER SOME DUTIES TO A PROFESSIONAL PROPERTY MANAGER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990. PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FINANCE DEPARTMENT PREPARES THE SOURCE INFORMATION FOR THE TAX PREPARER. UPON RECEIPT OF THE DRAFTS, THE FINANCE DEPARTMENT THEN CONDUCTS A COMPLETE REVIEW PRIOR TO SENDING COPIES TO EACH BOARD OF DIRECTORS MEMBER FOR THEIR REVIEW AND COMMENTS PRIOR TO SUBMITTING THE RETURN TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY ALL MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY FILL OUT A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION C, LINE 18 FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST WITHIN A REASONABLE AMOUNT OF TIME. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY ALL MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY FILL OUT A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS PROCESS FROM THE PRIOR YEAR.