Ellen M Leach Memorial Home Inc
- Assets
- $4.6m
- Revenue
- $2.0m
- Investments
- $386.5k
- Employees
- 0
- Location
- Westborough, MA
- Founding
- 08/1994
- Data as of
- 09/2023
- 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 09/2023, Ellen M Leach Memorial Home Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.0m during the year ending 09/2023. While expenses have increased by 3.4% per year over the past 7 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
2023
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 |
|---|---|---|---|
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 | |
Angela M Hobson Assistant Treasurer/secret | 40 | $67,517 | |
Matthew Shankweiler Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $479,703 |
| Interest on Savings | $2,066 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,471,686 |
| 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 | $1,953,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,517 |
| Other employee salaries and wages | $26,082 |
| Pension plans, employee benefits | $0 |
| Interest | $234,024 |
| Taxes | $50,786 |
| Depreciation | $245,749 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,405,161 |
| Total operating and administrative expenses | $2,044,912 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,044,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,552 |
| Savings and temporary cash investments | $144,344 |
| Net Accounts receivable | $105,623 |
| 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 | $7,434 |
| Prepaid expenses and deferred charges | $33,402 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $62,743 |
| Net Land, buildings, and equipment | $3,902,235 |
| Other assets | $11,051 |
| Total assets | $4,610,164 |
| Accounts payable and accrued expenses | $71,693 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $4,186,586 |
| Other liabilities | $1,022,893 |
| Total liabilities | $5,281,172 |