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Connecticut Foundation Solutions Indemnity Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 831054554 ✦ Ashford, CT ✦ Designated as a 501(c)(3)

Overview

What is Connecticut Foundation Solutions Indemnity Company Inc?

Connecticut Foundation Solutions Indemnity Company Inc is a nonprofit organization based in Ashford, Connecticut, with the address 237 Hillside RD, ZIP code 06278. The company's mission is to financially assist homeowners of residential buildings with the replacement or reimbursement of costs associated with deteriorated concrete foundations caused by the presence of the mineral pyrrhotite. By providing structurally sound foundation replacements or reimbursements, CFSIC aims to help homeowners in the State of Connecticut who have been affected by this natural disaster. The organization is licensed as a captive insurer and is committed to using fair and recognized property claim adjustment standards while acting with compassion and fairness towards homeowners.


Official website here: www.crumblingfoundations.org

Is Connecticut Foundation Solutions Indemnity Company Inc legitimate?

Connecticut Foundation Solutions Indemnity Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Foundation Solutions Indemnity Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.crumblingfoundations.org

What is the mission statement of Connecticut Foundation Solutions Indemnity Company Inc?

Connecticut Foundation Solutions Indemnity Company Inc, or CFSIC, was established as a captive insurer with a mission to help the state of Connecticut manage the fair and equitable adjustment of homeowner claims arising from pyrrhotite-affected home foundations. This natural disaster has caused significant damage, and CFSIC's primary goal is to utilize its available resources to process and pay claims for the rebuilding of as many affected home foundations as possible. CFSIC prioritizes the application of recognized property claim adjustment standards to ensure objective assessments, and its commitment extends to treating homeowners with compassion throughout the process. In pursuit of equitable treatment, CFSIC remains dedicated to the fair adjustment and payment of claims.


Official website here: www.crumblingfoundations.org

What is the revenue of Connecticut Foundation Solutions Indemnity Company Inc?

Connecticut Foundation Solutions Indemnity Company Inc's revenue in 2022 was $32,520,363.


Official website here: www.crumblingfoundations.org

Who are the executives of Connecticut Foundation Solutions Indemnity Company Inc and what are their salaries?

Here are 11 key members and their salaries:

    Bruce Kellogg (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Keune (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lyle Wray (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Werbner (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Poulin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Filchak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Racheck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Mcdonnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Shanley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Mcmillan (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Maglaras (Superintendent)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.crumblingfoundations.org

    Where can I find the form 990 for Connecticut Foundation Solutions Indemnity Company Inc?

    The Connecticut Foundation Solutions Indemnity Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.crumblingfoundations.org

    Learn more at the official website: www.crumblingfoundations.org

    Mission Statement of Connecticut Foundation Solutions Indemnity Company Inc

    Connecticut Foundation Solutions Indemnity Company Inc, also known as CFSIC, is a specialized organization established with a mission to help the State of Connecticut in the fair and equitable resolution of homeowner claims affected by the natural disaster of pyrrhotite-affected home foundations. CFSIC's primary goal is to use its resources effectively to adjust and pay claims for the rebuilding of as many affected home foundations as possible. The company strives to uphold objective and recognized industry standards in claim adjustment, ensuring that homeowners receive equitable treatment during this challenging time. With a commitment to fairness and compassion, CFSIC aims to assist homeowners in overcoming the devastating impact of this natural disaster.

    Impact

    This information is meant to be a general summary of Connecticut Foundation Solutions Indemnity Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Connecticut Foundation Solutions Indemnity Company Inc, also known as CFSIC, plays a crucial role in assisting homeowners in Connecticut affected by the pyrrhotite-related home foundation disaster. By providing financial assistance for the replacement or reimbursement of deteriorated concrete foundations, CFSIC helps homeowners ensure their buildings have structurally sound foundations. This support is vital in helping homeowners recover from the impact of the natural disaster and rebuild their homes with peace of mind. Through their mission of fair and equitable adjustment of homeowner claims, CFSIC positively impacts the housing sector in Connecticut by enabling affected homeowners to address and rectify foundation issues caused by pyrrhotite.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $85,617
  • Program Service Revenue: $0
  • Gross Receipts: $32,520,363

    • Assets and Liabilities:
  • Total Assets: $35,771,140
  • Total Liabilities: $61,838,796
  • Net Assets: -$26,067,656
  • Organization Details

    Founding Year

    2018

    Main Address

    237 Hillside RD, Ashford, CT, 062782207

    NTEE Category

    Code: L80 - Housing

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