Huntington At Nashua
- Assets
- $70.0m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 200
- Location
- Nashua, NH
- Founding
- 01/2001
- Data as of
- 04/2022
- EIN
- 02-0518481
Organization Overview
Huntington At Nashua is located in Nashua, NH. The organization was established in 2001. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 04/2022, Huntington At Nashua employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntington At Nashua 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 04/2022, Huntington At Nashua generated $16.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $11.9m during the year ending 04/2022. While expenses have increased by 2.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY PROVIDING HOUSING, LONG TERM CARE AND OTHER RELATED SERVICES TO SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING, LONG TERM CARE, MEALS AND OTHER RELATED SERVICES TO SENIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Valcourt Executive Director | Officer | 50 | $156,679 |
Marlyn Gordon Nurse | 40 | $105,677 | |
James Tollner Chairperson | OfficerTrustee | 4 | $0 |
Donna Robinson Vice Chair | OfficerTrustee | 4 | $0 |
Brian Newman Ceo/secretary | Officer | 1 | $0 |
Maggie Jaeb Cfo/treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cedar Ridge Custom Woodworking & Remodel Cabinet Work | 4/29/22 | $213,418 |
Market Square Architects Pllc Renovation Architect | 4/29/22 | $241,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $894,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,030,597 |
| Total Program Service Revenue | $11,682,638 |
| Investment income | $511,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,877,712 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,206,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,048 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,683 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,723,862 |
| Pension plan accruals and contributions | $19,362 |
| Other employee benefits | $635,535 |
| Payroll taxes | $319,345 |
| Fees for services: Management | $237,150 |
| Fees for services: Legal | $1,183 |
| Fees for services: Accounting | $31,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,570 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $580,602 |
| Travel | $4,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $398,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,057,443 |
| Insurance | $156,180 |
| All other expenses | $463,918 |
| Total functional expenses | $11,861,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,373 |
| Savings and temporary cash investments | $210,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,444 |
| 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 | $227,923 |
| Net Land, buildings, and equipment | $38,526,090 |
| Investments—publicly traded securities | $29,827,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,976,352 |
| Accounts payable and accrued expenses | $1,211,087 |
| Grants payable | $0 |
| Deferred revenue | $52,204,611 |
| Tax-exempt bond liabilities | $19,678,421 |
| 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 | $557,920 |
| Total liabilities | $73,652,039 |
| Net assets without donor restrictions | -$4,047,744 |
| Net assets with donor restrictions | $372,057 |
| 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 | $69,976,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Huntington At Nashua has recieved totaling $5,154.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For a designated distribution | $5,154 |
Endowment Analysis
| Beg. Balance | $391,136 |
| Earnings | $243 |
| Admin Expense | $15 |
| Net Contributions | $139,609 |
| Grants | $158,916 |
| Ending Balance | $372,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Maine Life Care Retirement Community Inc Scarborough, ME | $140,484,243 | $23,531,278 |
Lasell Village Inc Auburndale, MA | $102,869,314 | $21,782,150 |
Riverwoods Durham Durham, NH | $126,625,985 | $17,724,252 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |
Cathedral Square Corporation South Burlington, VT | $25,788,244 | $15,524,775 |
Glenmeadow Inc Longmeadow, MA | $50,902,339 | $16,994,268 |
Alliance Health Of Southeastern Massachusetts Inc Southborough, MA | $17,238,136 | $13,319,734 |