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Waveny CARE Center

New Canaan, CT · EIN 06-0859588 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Waveny CARE Center reported $25.6 million in revenue and $16.6 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $76.30 went to program services, $20.28 to management and general costs and $3.42 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 61.5% of the total. The highest compensation it reported for one person was $725,615 (CEO). 70 people received more than $100,000 in reportable compensation. Revenue rose 115% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $17M

Program services$76.30 $13M
Management & general$20.28 $3.4M
Fundraising$3.42 $568K

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $26M

Contributions & grants (non-government)$32.45 $8.3M
Government grants$1.23 $315K
Program service revenue$61.47 $16M
Investment income$4.80 $1.2M
Other revenue$0.05 $12,986

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	76.3%	85.6%
Management & general Part IX 25(C) ÷ 25(A)	20.3%	13.7%
Fundraising Part IX 25(D) ÷ 25(A)	3.4%	0.0%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.07	$0.00
Contributions & grants share of revenue Part VIII 1h ÷ 12	33.7%	1.3%
Government grants share of revenue Part VIII 1e ÷ 12	1.2%	0.1%
Program service revenue share Part VIII 2g ÷ 12	61.5%	93.7%
Highest reported compensation Part VII-A, columns D–F	$725,615	$975,831
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	4.36%	1.34%
People paid over $100,000 Part VII, line 2	70	27
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	21.9	6.6
Independent voting board members Part VI 1a–1b	19 of 19	88.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$12M expenses · 97.9% of program spending · grants $379K · revenue $16M

Inpatient room & board - nursing services provided residents and patients with an appropriate assistance with activites of daily living and an adequate balance of professional services and personal attention. Total number of persons benefiting: 611

$83,572 expenses · 0.7% of program spending · revenue $111K

Nutritional care to patients, residents & organizations - dietary services provided meals and nutritional care to meals on wheels, residents, and patients. Total number of people benefiting : 30

$179K expenses · 1.4% of program spending · revenue $98,089

Inpatient rehabilitation services - other resident services provided with the opportunity to maintain independence while having ready access to nursing and rehabilitation services. Total number of people benefiting: 159

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
CEO Officer, 40.00 hrs/week	$698,719	$0	$26,896	$725,615
CFO Officer, 40.00 hrs/week	$289,768	$0	$26,476	$316,244
CHIEF MARKETING/SALES OFFICER Key employee, 40.00 hrs/week	$250,017	$0	$43,752	$293,769
CHIEF HUMAN RESOURCES OFFICER Key employee, 40.00 hrs/week	$239,931	$0	$14,676	$254,607
VP HOME HEALTH Key employee, 40.00 hrs/week	$219,994	$0	$4,236	$224,230
ACTING VILLAGE EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week	$171,679	$0	$40,167	$211,846
CONTROLLER Highest compensated employee, 40.00 hrs/week	$158,660	$0	$28,403	$187,063
CORPORATE INTERNAL AUDITOR Highest compensated employee, 40.00 hrs/week	$168,066	$0	$13,091	$181,157

70 people received more than $100,000 in reportable compensation from Waveny CARE Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $652K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$26M	$17M	76.3%	$30M	$725,615
FY2024 ⓘ	$17M	$16M	78.0%	$20M	$563,087
FY2023 ⓘ	$19M	$15M	75.5%	$15M	$570,267
FY2022 ⓘ	$14M	$13M	75.2%	$9.2M	$585,701
FY2021 ⓘ	$13M	$13M	72.2%	$15M	$523,456
FY2020 ⓘ	$12M	$14M	76.8%	$13M	$523,456

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5429
Volunteers Part I, line 6450

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

MORRISON'S MANAGEMENT SPECIALISTS Dietary & environmental mgmt services	$3,743,053
PREFERRED THERAPY SOLUTIONS LLC Rehabilitation services	$1,110,572
COMPASS MSP LLC Cybersecurity	$260,925

Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.

Private foundation grants it received

8 private foundations reported grants to Waveny CARE Center totaling $65,278 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Waveny CARE Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Waveny CARE Center, you can publish a response that is linked from this page.

Report a correction Respond as Waveny CARE Center How this works

Similar-sized charities in this cause

Johns Hopkins Home Health Services
Baltimore, MD · revenue $26M · programs 68.0% · FY2025
RiverSpring Services Corp
Riverdale, NY · revenue $26M · programs 100.0% · 2024
Meeting Street
Providence, RI · revenue $26M · programs 77.2% · FY2025
Self Regional Healthcare Partners
Greenwood, SC · revenue $26M · programs 100.0% · FY2025
Wesbury United Methodist Community
Meadville, PA · revenue $26M · programs 81.3% · 2024

All health care charities · Largest charities in Connecticut

Questions people ask

How much of Waveny CARE Center's spending goes to programs?

In the fiscal year ending September 30, 2025, Waveny CARE Center reported that 76.3% of its $16.6 million in expenses went to program services, 20.3% to management and general and 3.4% to fundraising (Form 990, Part IX).

How much does Waveny CARE Center pay its top executive?

The largest total compensation Waveny CARE Center reported for one person in the fiscal year ending September 30, 2025 was $725,615, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Waveny CARE Center get its money?

Of $25.6 million in revenue in the fiscal year ending September 30, 2025, 33.7% came from contributions and grants (including 1.2% from government grants) and 61.5% from program service revenue (Form 990, Part VIII).

Is Waveny CARE Center a registered charity?

The IRS lists EIN 06-0859588 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202622309349301732 · read the filing
FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202502279349303490 · read the filing
FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412279349303256 · read the filing
FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312279349301726 · read the filing
FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202232249349301868 · read the filing
FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112289349300826 · read the filing

All filings for EIN 06-0859588: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.