Circle Home Inc
- Assets
- $3.7m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 117
- Location
- Lawrence, MA
- Founding
- 12/1939
- Data as of
- 09/2021
- EIN
- 04-2103812
Organization Overview
Circle Home Inc is located in Lawrence, MA. The organization was established in 1939. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 10/2021, Circle Home Inc employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle 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 09/2021, Circle Home Inc generated $11.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $11.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
PROMOTED HEALTHCARE SERVICES TO SELECTED PATIENTS, IN THEIR HOMES, REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME HEALTH CARE - PROVIDED NECESSARY CARE & TREATMENT TO PATIENTS, IN THEIR HOMES, WITHOUT REGARD FOR THEIR ABILITY TO PAY. THIS CARE WAS MORE COST EFFECTIVE, FOR CERTAIN POPULATIONS, THAN INPATIENT CARE.HOME HEALTH CARE WAS FOR PATIENTS WHO HAD DIFFICULTY GETTING OUT OF THE HOUSE, AND WHO NEEDED HELP WITH:*RECOVERY AFTER SURGERY OR A HOSPITAL STAY*HEALING AFTER A SERIOUS INJURY*COPING WITH A MAJOR CHANGE IN HEALTH*MEDICAL TREATMENTS THAT REQUIRE A NURSE OR THERAPIST*PREVENTING COMPLICATIONS AFTER CHILDBIRTH*LEARNING HOW TO SUCCESSFULLY MANAGE A CHRONIC DISEASE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen E Gomes President/ceo | OfficerTrustee | 0.5 | $0 |
Scott A Collins Chair | OfficerTrustee | 0.5 | $0 |
Barbara B Sager Co Vice Chair | OfficerTrustee | 0.5 | $0 |
Kara Doyle Co Vice Chair | OfficerTrustee | 0.5 | $0 |
Susan Green Treasurer | OfficerTrustee | 0.5 | $0 |
Daniel A Hayes Jr Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Health Network Medical And Health Care | 10/30/21 | $134,185 |
Medical Solutions Medical And Health Care | 10/30/21 | $127,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $733,439 |
| Investment income | $0 |
| 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 | $11,553,040 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,214,877 |
| Pension plan accruals and contributions | $104,478 |
| Other employee benefits | $678,868 |
| Payroll taxes | $556,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $363,539 |
| Advertising and promotion | $0 |
| Office expenses | $7,211 |
| Information technology | $258,260 |
| Royalties | $0 |
| Occupancy | $389,065 |
| Travel | $122,154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,511 |
| Insurance | $26,787 |
| All other expenses | $0 |
| Total functional expenses | $11,446,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $305,457 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,475,529 |
| 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 | $124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,678,636 |
| Accounts payable and accrued expenses | $1,254,445 |
| Grants payable | $0 |
| Deferred revenue | $108,629 |
| 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 | $1,368,333 |
| Total liabilities | $2,731,407 |
| Net assets without donor restrictions | $947,229 |
| 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 |
| Total liabilities and net assets/fund balances | $947,229 |