Civic Intelligence

Anchor Health Initiative Corp

EIN 81-2826560 • 501(c)3 • Stamford, CT

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Profile

To embrace and promote the health and wellbeing of lesbian, gay, bisexual, transgender, queer, and gender non-conforming individuals through compassionate, comprehensive, and evidence-based care in a safe, welcoming, and affirming space.

30 Myano Lane Suite 16Stamford, CT 06902

anchorhealthct.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

1.92x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.42x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

25th percentile

-4.6%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$268,459

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

97th percentile

134%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

32%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$2,488,390

Up $1,426,328 (+134%) from 2023

Liabilities

Up

$4,771,970

Up $1,958,645 (+70%) from 2023

Net Assets

Down

-$2,283,580

Down $532,317 (-30%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin25th percentile

Revenue

Up

$11,354,314

Up $2,741,143 (+32%) from 2023

Expenses

Up

$11,879,493

Up $2,762,424 (+30%) from 2023

Net Income

Down

-$525,179

Down $21,281 (-4.2%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2016: $14,749Liabilities 2016: $240,740Net Assets 2016: -$225,9912016Assets 2017: $237,797Liabilities 2017: $1,006,811Net Assets 2017: -$769,0142017Assets 2018: $187,416Liabilities 2018: $1,611,706Net Assets 2018: -$1,424,2902018Assets 2019: $429,540Liabilities 2019: $1,628,956Net Assets 2019: -$1,199,4162019Assets 2020: $709,089Liabilities 2020: $1,722,622Net Assets 2020: -$1,013,5332020Assets 2021: $1,359,308Liabilities 2021: $1,775,989Net Assets 2021: -$416,6812021Assets 2022: $1,128,506Liabilities 2022: $2,388,750Net Assets 2022: -$1,260,2442022Assets 2023: $1,062,062Liabilities 2023: $2,813,325Net Assets 2023: -$1,751,2632023Assets 2024: $2,488,390Liabilities 2024: $4,771,970Net Assets 2024: -$2,283,5802024

Highlighted filing

2024

Assets$2,488,390
Liabilities$4,771,970
Net Assets-$2,283,580
Open 2024 Filing

Operations Trend

Revenue Growth79th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2016: $1,409Expenses 2016: $227,400Net Income 2016: -$225,9912016Revenue 2017: $452,096Expenses 2017: $995,119Net Income 2017: -$543,0232017Revenue 2018: $615,100Expenses 2018: $1,270,376Net Income 2018: -$655,2762018Revenue 2019: $3,117,666Expenses 2019: $2,892,792Net Income 2019: $224,8742019Revenue 2020: $4,830,743Expenses 2020: $4,644,860Net Income 2020: $185,8832020Revenue 2021: $5,797,725Expenses 2021: $5,420,397Net Income 2021: $377,3282021Revenue 2022: $6,324,302Expenses 2022: $6,946,855Net Income 2022: -$622,5532022Revenue 2023: $8,613,171Expenses 2023: $9,117,069Net Income 2023: -$503,8982023Revenue 2024: $11,354,314Expenses 2024: $11,879,493Net Income 2024: -$525,1792024

Highlighted filing

2024

Revenue$11,354,314
Expenses$11,879,493
Net Income-$525,179
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,488,390
Liabilities
$4,771,970
Net assets
-$2,283,580
Revenue
$11,354,314
Expenses
$11,879,493
Net income
-$525,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.49$4.77$2.28$11.4$11.9$0.53
2023Detailed filing. Detailed filing data is available for this year.$1.06$2.81$1.75$8.61$9.12$0.50
2022Detailed filing. Detailed filing data is available for this year.$1.13$2.39$1.26$6.32$6.95$0.62
2021Detailed filing. Detailed filing data is available for this year.$1.36$1.78$0.42$5.80$5.42$0.38
2020Detailed filing. Detailed filing data is available for this year.$0.71$1.72$1.01$4.83$4.64$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.43$1.63$1.20$3.12$2.89$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.19$1.61$1.42$0.62$1.27$0.66
2017Detailed filing. Detailed filing data is available for this year.$0.24$1.01$0.77$0.45$1.00$0.54
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.24$0.23$0.00$0.23$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$11,354,314
Mission and Program Overview

Mission

To embrace and promote the health and well-being of lesbian, gay, bisexual, queer and transgender individuals and others living in our communities by offering compassionate, comprehensive, and evidenced based medical care in a safe, welcoming and non-judgmental environment.

Anchor health is connecticut's leading health center for the lgbtq community. We provide groundbreaking, radically inclusive, gender-affirming, and sex-positive medical, mental health, and pharmacy care as well as supportive services to thousands of patients across connecticut and beyond. Anchor health continuously works to advance health equity for lgbtq people through advocacy, community-building, education, and research. We are health care for queer people by queer people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$1,896,400$1,025,079▼ $871,321
Accounts Receivable$283,715$573,896▲ $290,181
Cash and Non-Interest-Bearing Accounts$304,490$268,694▼ $35,796
Inventories for Sale or Use$139,481$192,703▲ $53,222
Land, Buildings, and Equipment, Net$210,091$171,858▼ $38,233
Pledges and Grants Receivable$71,257$62,380▼ $8,877
Other Notes and Loans Receivable, Net$33,803$36,042▲ $2,239
Savings and Temporary Cash Investments$8,756$3,673▼ $5,083
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,751,263$-2,283,580▼ $532,317
Total Assets$1,062,062$2,488,390▲ $1,426,328
Other Assets Total$10,469$1,179,144▲ $1,168,675
Liabilities
Unsecured Notes Loans Payable$282,222$1,287,603▲ $1,005,381
Other Liabilities$108,469$1,237,192▲ $1,128,723
Accounts Payable and Accrued Expenses$526,234$1,222,096▲ $695,862
Total Liabilities$2,813,325$4,771,970▲ $1,958,645
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,751,263$-2,283,580▼ $532,317
Total Liabilities and Net Assets / Fund Balance$1,062,062$2,488,390▲ $1,426,328

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$154,288$114,357$268,645
Equipment$1,151$121,726$122,877
Other Land Buildings$16,419$45,507$61,926
Other Assets Org$1,172,144--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph X CanarieChief Medical OfficerFT$239,955$28,504$268,459
Sharon Sutton AlkerstedtAprnFT$166,331$26,392$192,723
Christopher AdamsChief Operating OfficerFT$160,340$16,094$176,434
Reia MassaroAprnFT$138,175$26,361$164,536
Christian O Cruz-pintoCompliance & Privacy OfficerPT$102,175$20,742$122,917

Board Members and Trustees

NameTitle
Peter KellyBoard Chair
Michael CrispVice Board Chair
Alison ColeBoard Member
Ian Stuart MyersBoard Member
Jean Doyen De MontaillouBoard Member
Johan Santiago-paganBoard Member
Maeve DuvallyBoard Member
Ngozi NnajiBoard Member
Stephen ChukumbaBoard Member
Adrian DemidontBoard Member, Thru 1/18/24
David GrimesSecretary
Patricia ChadwickTreasurer/CFO/CEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Integrated Pharmacy Solutions INCPharmacy Management Services50 TREMONT ST STE 201, Melrose, MA 02176$493,283
Revenue and Support

Revenue Composition

Contributions and Grants
$376,708
Program Service Revenue
$10,976,806
Investment Income
$800
Other Revenue
$0
All Other Contributions
$376,708
Change in Net Assets
$-525,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,011,123
Salaries, Compensation, and Employee Benefits$3,853,920
Total Fundraising Expense$114,758
Grants and Similar Amounts Paid$14,450
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,439,960$136,650$81,802$2,658,412
Current Officers, Directors, Trustees, and Key Employees$356,676$88,216-$444,892
Occupancy$398,996$5,602-$404,598
Other Employee Benefits$323,543$34,590$14,385$372,518
Payroll Taxes$280,241$26,390$9,846$316,477
Office Expenses$295,112$8,958$6,073$310,143
Fees for Services Accounting-$152,520-$152,520
Fees for Services Other$56,993$94,660-$151,653
Interest$111,017--$111,017
Pension Plan Contributions$55,978$2,991$2,652$61,621
Advertising$51,055--$51,055
Insurance$50,251$705-$50,956
Information Technology-$47,760-$47,760
Travel$41,013--$41,013
Depreciation Depletion$37,703$530-$38,233
Fees for Services Legal-$17,948-$17,948
Grants to Domestic Orgs$14,450--$14,450
Other Expenses$11,573$162-$11,735
Total Functional Expenses$11,147,053$617,682$114,758$11,879,493
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Haven Pride CenterNew Haven, CT501(c)(3)DONATION TO SUPPORT LGBTQ+ INITIATIVES$8,000
Rowan CenterStamford, CT501(c)(3)DONATION TO SUPPORT LGBTQ+ INITIATIVES$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,896,400$1,025,079▼ $871,321
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,237,192
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Initial draft prepared by director of finance and pkfod tax team. First review completed with ceo and coo going page by page through the filing. Changes discussed with director of finance and addressed directly in extended review meeting. Subsequent review with the finance committee, a subset of the board of directors. Provide 990 form electronically to finance committee for review. Follow up conversation to confirm output if any material changes necessary, immaterial changes communicated through email.”

Form 990, Part VI, Section B, Line 12C

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy per discussions with the board of directors.”

Form 990, Part VI, Section B, Line 15

“Ceo has a $0 annual salary and has done so since 2016 when the business was founded. She has never received compensation for services per her direct request. Salaries for key employees are determined by the chief executive officer in consultation with senior management, including the chief operating officer, chief medical officer, and human resources manager. The compensation review process includes the use of comparability data, such as industry benchmarking studies and irs form 990 filings from similar nonprofit health organizations. All compensation determinations are documented in senior management meeting records and maintained in the organization's official files.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Anchor Health Initiative Corp
EIN
81-2826560
Phone
2036741102
Address
30 MYANO LANE SUITE 16, STAMFORD, CT 06902

Signing Officer

Name
Christopher Adams
Title
COO
Phone
2036741102
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia W Chadwick
Formed
2016
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
35
Volunteers
15

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
3001 SUMMER STREET 5TH FLOOR EAST, STAMFORD, CT 06905
Preparer
Garrett M Higgins
Phone
2033232400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Other non-operating loss -183,679.”

FORM 990, PART XII, LINE 2C:

“Finance committee. 3 members of the board, ceo, coo, and director of finance make up this committee. Regular meetings throughout the year ahead of each board meeting to discuss financial statements and audit process.”

Raw XML AppendixShowing 400 of 618 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ANCHOR HEALTH IS CONNECTICUT'S LEADING HEALTH CENTER FOR THE LGBTQ COMMUNITY. WE PROVIDE GROUNDBREAKING, RADICALLY INCLUSIVE, GENDER-AFFIRMING, AND SEX-POSITIVE MEDICAL, MENTAL HEALTH, AND PHARMACY CARE AS WELL AS SUPPORTIVE SERVICES TO THOUSANDS OF PATIENTS ACROSS CONNECTICUT AND BEYOND. ANCHOR HEALTH CONTINUOUSLY WORKS TO ADVANCE HEALTH EQUITY FOR LGBTQ PEOPLE THROUGH ADVOCACY, COMMUNITY-BUILDING, EDUCATION, AND RESEARCH. WE ARE HEALTH CARE FOR QUEER PEOPLE BY QUEER PEOPLE.
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IRS990/MissionDesc0ANCHOR HEALTH IS CONNECTICUT'S LEADING HEALTH CENTER FOR THE LGBTQ COMMUNITY. WE PROVIDE GROUNDBREAKING, RADICALLY INCLUSIVE, GENDER-AFFIRMING, AND SEX-POSITIVE MEDICAL, MENTAL HEALTH, AND PHARMACY CARE AS WELL AS SUPPORTIVE SERVICES TO THOUSANDS OF PATIENTS ACROSS CONNECTICUT AND BEYOND. ANCHOR HEALTH CONTINUOUSLY WORKS TO ADVANCE HEALTH EQUITY FOR LGBTQ PEOPLE THROUGH ADVOCACY, COMMUNITY-BUILDING, EDUCATION, AND RESEARCH. WE ARE HEALTH CARE FOR QUEER PEOPLE BY QUEER PEOPLE.
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