Quarry Hill
- Assets
- $14.0m
- Revenue
- $12.7m
- Investments
- $3.4m
- Employees
- 0
- Location
- Belfast, ME
- Founding
- 07/1939
- Data as of
- 09/2023
- EIN
- 01-0213976
Organization Overview
Quarry Hill is located in Belfast, ME. The organization was established in 1939. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quarry Hill is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Quarry Hill generated $12.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $15.0m during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FULL RANGE OF LIVING OPTIONS, HIGH-QUALITY HEALTH SERVICES AND INDIVIDUALIZED CARE PLANS DESIGNED TO RESPECT OLDER ADULTS' VARIED INTERESTS, ABILITIES AND NEEDS AND PROMOTE INDEPENDENCE AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE 62 ASSISTED LIVING UNITS, 24 ASSISTED LIVING ALZHEIMER'S BEDS AND 37 INDEPENDENT LIVING APARTMENTS. QUARRY HILL PROVIDES CARE TO MEDICARE, MAINECARE, PRIVATE PAY AND OTHER INSURED PATIENTS. ON JULY 23, 2023, QUARRY HILL CEASED OPERATIONS OF ITS LONG-TERM CARE SKILLED NURSING FACILITY, SELLING 6 OF THE 39 BED RIGHTS. IT RETAINED 33 OF THE 39 BED RIGHTS FOR POSSIBLE FUTURE EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Syrena Gatewood Board Vice-Chair/secretary | OfficerTrustee | 1 | $0 |
David Flanagan Board Treasurer | OfficerTrustee | 1 | $0 |
Carol Brand Board Chair | OfficerTrustee | 1 | $0 |
Mark Fourre MD Former President | Officer | 1 | $0 |
Heather Shanklin Chief Financial Officer | Officer | 1 | $0 |
Denise Needham President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $727,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $778,766 |
| Total Program Service Revenue | $10,495,022 |
| Investment income | $126,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,005,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,709,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,513,863 |
| Pension plan accruals and contributions | $188,360 |
| Other employee benefits | $1,126,720 |
| Payroll taxes | $397,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,824,206 |
| Advertising and promotion | $34,226 |
| Office expenses | $199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $429,739 |
| Travel | $40,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,924 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $667,149 |
| Insurance | $59,266 |
| All other expenses | $60,852 |
| Total functional expenses | $14,984,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810 |
| Savings and temporary cash investments | $755,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,590 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,518 |
| Net Land, buildings, and equipment | $8,336,873 |
| Investments—publicly traded securities | $962,942 |
| Investments—other securities | $3,381,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $330,040 |
| Total assets | $14,044,555 |
| Accounts payable and accrued expenses | $836,783 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| Tax-exempt bond liabilities | $5,291,031 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,587,919 |
| Total liabilities | $17,721,733 |
| Net assets without donor restrictions | -$8,516,284 |
| Net assets with donor restrictions | $4,839,106 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,044,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Josephs Manor Portland, ME | $8,344,755 | $19,774,771 |
Jha Services Inc Portland, ME | $12,274,884 | $17,351,089 |
Cedars Nursing Care Center Inc Portland, ME | $49,301,585 | $14,585,318 |
Quarry Hill Belfast, ME | $14,044,555 | $12,709,032 |
Salemhaven Inc Salem, NH | $6,261,617 | $12,070,998 |
Morrison Hospital Association Whitefield, NH | $28,129,982 | $11,358,429 |
Lincolnhealth Coves Edge Damariscotta, ME | $8,330,762 | $8,507,382 |
St Andre Health Care Facility Biddeford, ME | $5,720,522 | $11,863,182 |
Wentworth Senior Living Portsmouth, NH | $16,924,025 | $8,780,997 |
Bangor Nursing & Rehabilitation Center Bangor, ME | $2,110,759 | $6,413,999 |
Rumford Community Home Corporation Rumford, ME | $4,209,781 | $5,604,356 |
Island Nursing Home Inc Deer Isle, ME | $3,849,048 | $981,572 |
Maine Association Of Private Residential Facilities For Persons Hallowell, ME | $336,157 | $412,567 |
Shepherds Godparent Home Bangor, ME | $715,005 | $415,988 |