Ellen M Leach Memorial Home Inc
- Assets
- $4.7m
- Revenue
- $1.7m
- Investments
- $387.1k
- Employees
- 0
- Location
- Westborough, MA
- Founding
- 08/1994
- Data as of
- 09/2022
- EIN
- 01-0485292
Organization Overview
Ellen M Leach Memorial Home Inc is located in Westborough, MA. The organization was established in 1994. 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. Ellen M Leach Memorial Home Inc 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 09/2022, Ellen M Leach Memorial Home Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.0m during the year ending 09/2022. While expenses have increased by 3.5% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND OPERATE LOW-INCOME HOUSING IN BREWER, ME
PROVIDE RENT SUBSIDIES TO LOW-INCOME ELDERLY HOUSEHOLDS IN BREWER, MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela M Hobson Assistant Treasurer/secret | 40 | $56,708 | |
Frank T Mcguire President/chair | 5 | $0 | |
John A Taylor Vice President | 5 | $0 | |
David L Taylor Treasurer | 5 | $0 | |
Donald Lewis Director | 5 | $0 | |
Matthew Shankweiler Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $315,763 |
| Interest on Savings | $366 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,338,949 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,655,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,708 |
| Other employee salaries and wages | $25,013 |
| Pension plans, employee benefits | $0 |
| Interest | $232,775 |
| Taxes | $47,238 |
| Depreciation | $270,611 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,354,120 |
| Total operating and administrative expenses | $1,999,463 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,999,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594 |
| Savings and temporary cash investments | $145,059 |
| Net Accounts receivable | $143,932 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $7,286 |
| Prepaid expenses and deferred charges | $24,873 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $63,275 |
| Net Land, buildings, and equipment | $3,998,336 |
| Other assets | $13,786 |
| Total assets | $4,720,921 |
| Accounts payable and accrued expenses | $71,273 |
| Grants payable | $0 |
| Deferred revenue | $327 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $4,186,586 |
| Other liabilities | $1,042,286 |
| Total liabilities | $5,300,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Jerome Home New Britain, CT | $48,789,319 | $20,665,795 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hartford Healthcare Senior Services Inc Southington, CT | $12,831,492 | $19,135,049 |
Sancta Maria Hospital Inc Cambridge, MA | $13,379,859 | $18,950,090 |
Marian Manor For The Aged & Infirm Inc South Boston, MA | $9,729,435 | $20,776,355 |
St Lukes Home Residential Health Care Facility Inc New Hartford, NY | $25,808,218 | $18,105,934 |
New Bedford Management Systems Inc Pittsfield, MA | $14,522,183 | $15,768,156 |
Methodist Church Home For The Aged In The City Of New York Bronx, NY | $70,291,899 | $23,018,314 |
Bethel Methodist Home Ossining, NY | $66,568,639 | $16,802,314 |
Fairport Baptist Homes Fairport, NY | $12,174,552 | $16,655,324 |