Vermont Congregational Home Inc

Organization Overview

Vermont Congregational Home Inc, operating under the name Atkinson Residence for the Retired, is located in Newbury, VT. The organization was established in 1965. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Atkinson Residence for the Retired employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atkinson Residence for the Retired 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 12/2022, Atkinson Residence for the Retired generated $741.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $828.1k during the year ending 12/2022. While expenses have increased by 8.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

RETIREMENT HOME OPERATION OF CHURCH SPONSORED RETIREMENT HOME WITH 13 ROOMS AND CARE FOR UP TO 15 RESIDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYROLL AND PAYROLL TAXES FOR THE CARE OF 13 RESIDENTS


OCCUPANCY FOR 13 RESIDENTS INCLUDING FOOD, PROPANE, MEDICAL AND HOUSE SUPPLIES, PHONE, ELECTRIC, WATER, GENERAL REPAIRS, PROPERTY TAXES, RECREATION FOR RESIDENTS, CABLE.INTERNET, NURSING SERVICES, LAWN CARE


PAY FOR KEY EMPLOYEES & 1099-NEC - INCLUDING EXECUTIVE DIRECTOR, ASSISTANT DIRECTOR, BOOKKEEPING SERVICES


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Board, Officers & Key Employees

Name (title)Compensation
Peggy Degoosh
Executive Director
$87,125
Kathy J Butler
Treasurer
$7,219
Sue Hebb
Trustee
$0
Linda Speer
Trustee
$0
Jean Welch
Trustee
$0
Ruth Kennedy
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$18,292
Noncash contributions included in lines 1a–1f $95
Total Revenue from Contributions, Gifts, Grants & Similar$18,292
Total Program Service Revenue$723,246
Investment income $12
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $741,550

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