Jerome Home FY2024 filing

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Jerome Home provides its residents an environment designed to promote independence, wellness and dignity in an atmosphere of warmth, caring and respect for its residents.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$807K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.1M a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$807K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $31.1M in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18.3M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.8M
+16% vs prior year
Spent
$23.9M
To programs
86%
Net assets
$42.2M
By yearFY2020–FY2025
Revenue
$25.8M
FY2024▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.6M
FY2021$20.7M
FY2022$22.1M
FY2023$22.3M
FY2024$25.8M
FY2025$27.8M
Expenses
$23.9M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.2M
FY2021$19.3M
FY2022$20.8M
FY2023$22.5M
FY2024$23.9M
FY2025$25.7M
Net assets
$42.2M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$34.2M
FY2021$38.5M
FY2022$33.8M
FY2023$35.6M
FY2024$42.2M
FY2025$46.3M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $20.5M Management & general 14% · $3.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $807K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Jerome Home Administrator
$127,420Pt VII · Sec A
$121,375Pt VII · Sec A
$121,098Pt VII · Sec A
$112,460Pt VII · Sec A
$112,057Pt VII · Sec A
$111,212Pt VII · Sec A
Executive Director (begin March 2023)
$101,325Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lori Toombs——$160,047$160,786$160,748$145,037
Tina Richardson$157,811$127,420$135,307$34,463——
Rebecca Elliott$134,994—————
Susann M Pavano——$132,545$133,238$127,344$120,944
Lyudmila Voytovich$129,310$121,375$103,931———
Kathleen Alemany——$121,475———
Maria Svitkova$119,128$121,098————
Paul Bach$119,338—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Jerome Home executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing and support for seniors needing assistance.

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1 program · $20.5M · in their own filed words · FY2023
01

The jerome home offers a full range of high quality, moderately priced retirement housing, health care facilities and services designed to promote the maximum personal independence, health, safety, self-esteem and dignity of older people and their families.

$20.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$18K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Sep 2021 · $819K federal money spent
Covid-19 - Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$576K
Covid-19 - Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through CT Office of the State Comptroller$243K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$25.8M
Ln 12
Fees for servicesLn 2g$24.3M
Investment incomeLn 3$1.5M
Gifts and grantsLn 1h$29K
Money outPt IX
$23.9M
Ln 25
Programscol B$20.5M
Managementcol C$3.5M
Owns and owesPt X
$42.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$60.5M
LiabilitiesLn 26$18.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A7
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$24.3M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$1K
Gains on assetsLn 7$766K
Total revenueLn 12$25.8M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$4.4M
Accounts receivableLn 4$2.3M
Prepaid expenses and deferred chargesLn 9$214K
Land, buildings, equipmentLn 10c$22.6M
InvestmentsLn 11–13$31.1M
Total assetsLn 16$60.5M
LiabilitiesLn 26$18.3M
Net assetsLn 32$42.2M
OperationsPt I, VI
EmployeesI 5434
VolunteersI 617
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$14.4M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$16.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.1M$4.4M
InvestmentsLn 11–13$25.1M$31.1M
Land, buildings, equipmentLn 10c$23.5M$22.6M
Total assetsLn 16$53.9M$60.5M
LiabilitiesLn 26$18.2M$18.3M
Net assetsLn 32$35.6M$42.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$213K$213K
Other salaries and wagesLn 7$12.8M$11.6M$1.3M
Pension plan contributionsLn 8$198K$178K$19K
Other employee benefitsLn 9$2.4M$2.1M$233K
Payroll taxesLn 10$955K$861K$93K
Management feesLn 11a$497K$497K
Legal feesLn 11b$74K$74K
Accounting feesLn 11c$109K$109K
Other fees for servicesLn 11g$498K$321K$176K$0
Advertising and promotionLn 12$50K$25K$26K
Information technologyLn 14$71K$71K
OccupancyLn 16$1.0M$1.0M
TravelLn 17$21K$21K
Conferences, conventions and meetingsLn 19$60K$7K$53K
InterestLn 20$562K$562K
Depreciation, depletion and amortizationLn 22$1.6M$1.6M
InsuranceLn 23$279K$279K
Other expenses (24a–d)Ln 24$2.2M$2.1M$72K
All other expensesLn 24e$289K$4K$285K$0
Total functional expensesLn 25$23.9M$20.5M$3.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 12, 2026 $27.8M$25.7M$2.1M$46.3M 990 PDF
FY2024 ViewingFiled with the IRS Aug 4, 2025 $25.8M$23.9M$1.9M$42.2M 990 PDF
FY2023Filed with the IRS Aug 12, 2024 $22.3M$22.5M−$228K$35.6M 990 PDF
FY2022Filed with the IRS Aug 1, 2023 $22.1M$20.8M$1.3M$33.8M 990 PDF
FY2021Filed with the IRS Aug 15, 2022 $20.7M$19.3M$1.3M$38.5M 990 PDF
FY2020Filed with the IRS Aug 9, 2021 $19.6M$19.2M$448K$34.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $25,836,362 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $67,433$28,980
I-9 Program service revenuePrior year $20,675,287$24,314,343
I-10 Investment incomePrior year $1,551,947$1,491,586
I-11 Other revenuePrior year $19,116$1,453
I-12 Total revenuePrior year $22,313,783$25,836,362
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $15,157,618$16,573,238
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,383,778$7,336,599
I-18 Total expensesPrior year $22,541,396$23,909,837
I-19 Revenue less expensesPrior year −$227,613$1,926,525
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $25,836,362 across 7 lines filed
VIII-1f All other contributions, gifts and grants$28,980
VIII-1h Total contributions, gifts and grants$28,980
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,314,343$24,314,343
VIII-3 Investment incomeExcluded from tax $725,781$725,781
VIII-7 Net gain or loss on sales of assetsExcluded from tax $765,805$765,805
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,453$1,453
VIII-12 Total revenueRelated to mission $24,315,796 · Unrelated business $0 · Excluded from tax $1,491,586$25,836,362
Part IX · Statement of functional expenses $23,909,837 across 19 lines filed
IX-5 Pay of current officers, directors and key staffManagement $213,356$213,356
IX-7 Other salaries and wagesPrograms $11,571,485 · Management $1,254,649$12,826,134
IX-8 Pension plan contributionsPrograms $178,361 · Management $19,339$197,700
IX-9 Other employee benefitsPrograms $2,148,259 · Management $232,927$2,381,186
IX-10 Payroll taxesPrograms $861,458 · Management $93,404$954,862
IX-11a Management feesManagement $497,044$497,044
IX-11b Legal feesManagement $74,384$74,384
IX-11c Accounting feesManagement $109,197$109,197
IX-11g Other fees for servicesPrograms $321,423 · Management $176,256 · Fundraising $0$497,679
IX-12 Advertising and promotionPrograms $24,604 · Management $25,508$50,112
IX-14 Information technologyManagement $71,294$71,294
IX-16 OccupancyPrograms $1,042,781$1,042,781
IX-17 TravelPrograms $20,843$20,843
IX-19 Conferences, conventions and meetingsPrograms $7,055 · Management $52,969$60,024
IX-20 InterestPrograms $561,994$561,994
IX-22 Depreciation, depletion and amortizationPrograms $1,582,231$1,582,231
IX-23 InsuranceManagement $279,103$279,103
IX-24 Other expenses (24a–d)Programs $2,129,106 · Management $71,892$2,200,998
IX-24e All other expensesPrograms $4,158 · Management $284,757 · Fundraising $0$288,915
IX-25 Total functional expensesPrograms $20,453,758 · Management $3,456,079 · Fundraising $0$23,909,837
Part X · Balance sheet $60,549,800 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $2,010,876$3,225,661
X-2 Savings and temporary cash investmentsStart of year $1,088,086$1,136,688
X-4 Accounts receivableStart of year $2,011,812$2,314,134
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $202,853$214,084
X-10c Land, buildings and equipment, netStart of year $23,474,434$22,580,151
X-11 Publicly traded securitiesStart of year $24,749,535$30,690,149
X-12 Other securitiesStart of year $326,613$388,933
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $53,864,209$60,549,800
X-17 Accounts payable and accrued expensesStart of year $2,591,875$3,073,365
X-19 Deferred revenueStart of year $40,958$32,783
X-20 Tax-exempt bond liabilitiesStart of year $14,704,554$14,419,865
X-22 Loans from officers and insidersStart of year $0$0
X-25 Other liabilitiesStart of year $904,555$801,392
X-26 Total liabilitiesStart of year $18,241,942$18,327,405
X-27 Net assets without donor restrictionsStart of year $35,121,344$41,687,836
X-28 Net assets with donor restrictionsStart of year $500,923$534,559
X-32 Total net assets or fund balancesStart of year $35,622,267$42,222,395
X-33 Total liabilities and net assetsStart of year $53,864,209$60,549,800
Part XI · Reconciliation of net assets $42,222,395 net assets at year end
XI-1 Total revenue$25,836,362
XI-2 Total expenses$23,909,837
XI-3 Revenue less expenses$1,926,525
XI-4 Net assets at start of year$35,622,267
XI-5 Net unrealized gains (losses) on investments$4,611,283
XI-9 Other changes in net assets$62,320
XI-10 Net assets at end of year$42,222,395

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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