Upper Valley Hostel Inc
- Assets
- $1.0m
- Revenue
- $232.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Hanover, NH
- Founding
- 07/1978
- Data as of
- 06/2021
- EIN
- 02-0337929
Organization Overview
Upper Valley Hostel Inc, operating under the name Maynard House, is located in Hanover, NH. The organization was established in 1978. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Maynard House employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maynard House 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 06/2021, Maynard House generated $232.9k 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 $153.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAYNARD HOUSE PROVIDES HOME-LIKE OVERNIGHT ACCOMODATIONS FOR ADULTS RECEIVING MEDICAL TREATMENT IN AREA MEDICAL CENTERS AND SERVES FAMILY MEMBERS OF HOSPITALIZED PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORE THAN FORTY YEARS AGO, COMMUNITY-CENTERED KINDNESS BROUGHT THE UPPER VALLEY HOSTEL, NOW MAYNARD HOUSE, TO LIFE IN THE HEART OF THE TOWN OF HANOVER, NH. MAYNARD HOUSE IS A 501(C)3 NONPROFIT ORGANIZATION THAT WORKS TO REMOVE BARRIERS TO HEALTHCARE BY PROVIDING LOW-COST (OFTEN WAIVING THE FEE ENTIRELY FOR THOSE IN NEED), HOME-LIKE LODGING AND COMMUNITY RESOURCES TO PATIENTS AND THEIR LOVED ONES COPING WITH MEDICAL TREATMENT NEEDS. WORKING HAND-IN-HAND WITH THE UPPER VALLEY COMMUNITY IN NEW HAMPSHIRE AND VERMONT, WE PROVIDE A PLACE WHERE GUESTS CAN FEEL SAFE AND COMFORTABLE WHILE FOCUSING ON CRUCIAL HEALTH PRIORITIES. THE 2022 FISCAL YEAR HAS BROUGHT MANY CHANGES AND NEW OPPORTUNITIES FOR MAYNARD HOUSE. WITH A NEW EXECUTIVE LEADERSHIP TEAM IN PLACE, WE HAVE SHIFTED OUR FOCUS TO PIVOTING TOWARD THE POSITIVE IN OUR EFFORTS TO FOCUS ON THE HUMAN SIDE OF HEALTHCARE FOR PATIENTS AND THEIR LOVED ONES DURING DIFFICULT TIMES, EVEN WHEN THEY ARE FAR AWAY FROM THEIR HOME BASE. DESPITE TWO SEPARATE, ONE MONTH CLOSURES DURING THE 2022 FISCAL YEAR WE WERE ABLE TO CONTINUE TO SERVE 1037 GUESTS IN THE 10 MONTHS WE WERE FULLY OPERATIONAL, DESPITE OPERATING AT 50% CAPACITY. OF THOSE GUESTS MORE THAN 35% WERE SUBSIDIZED OUR SUGGESTED NIGHTLY RATE OF 30 PER PERSON, PER NIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Hill Former Exec | Officer | 40 | $46,508 |
Janine Mcguire Former Exec | Officer | 40 | $13,577 |
Kristina Preston Former Exec | Officer | 40 | $5,625 |
Shafika Khayatt President | OfficerTrustee | 2 | $0 |
Lib Maloney Vice-Preside | OfficerTrustee | 2 | $0 |
Craig Hansen Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $950 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,931 |
| Total Program Service Revenue | $21,135 |
| Investment income | $10,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,945 |
| 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. | $51,325 |
| Compensation of current officers, directors, key employees. | $5,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,815 |
| Fees for services: Investment Management | $5,645 |
| Fees for services: Other | $7,486 |
| Advertising and promotion | $312 |
| Office expenses | $2,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,729 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,633 |
| Insurance | $4,585 |
| All other expenses | $0 |
| Total functional expenses | $153,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,423 |
| Savings and temporary cash investments | $30,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,382 |
| Net Land, buildings, and equipment | $264,909 |
| Investments—publicly traded securities | $581,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,023,946 |
| Accounts payable and accrued expenses | $1,313 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $1,313 |
| Net assets without donor restrictions | $1,022,633 |
| Net assets with donor restrictions | $0 |
| 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 | $1,023,946 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Upper Valley Hostel Inc has recieved totaling $8,760.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,760 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hospital Cottages For Children Southborough, MA | $6,634,641 | $8,685,651 |
Make-A-Wish Foundation Of Massachusetts And Rhode Island Inc Boston, MA | $19,449,971 | $5,852,582 |
Make-A-Wish Foundation Of Maine Scarborough, ME | $4,242,812 | $1,972,529 |
Ronald Mcdonald House Charities Inc Portland, ME | $9,514,278 | $1,389,092 |
Davids House Inc Lebanon, NH | $13,042,407 | $1,419,723 |
The Courageous Parents Network Inc Newton, MA | $1,218,485 | $796,777 |
Ronald Mcdonald House Charities Of Burlington Vt Inc Burlington, VT | $8,652,559 | $3,447,110 |
R O F E H Inc Brookline, MA | $610,887 | $453,057 |
One Summit Inc North Andover, MA | $548,004 | $537,081 |
All Out Adventures Inc Northampton, MA | $267,793 | $365,853 |
Li Fraumeni Syndrome Association Holliston, MA | $381,148 | $0 |
Friends Of Jack Foundation Inc Mattapoisett, MA | $290,866 | $285,300 |