Sherrill House Inc
- Assets
- $28.4m
- Revenue
- $26.8m
- Investments
- $0.0
- Employees
- 314
- Location
- Boston, MA
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 04-2104321
Organization Overview
Sherrill House Inc is located in Boston, MA. The organization was established in 1942. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Sherrill House Inc employed 314 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherrill House 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 12/2022, Sherrill House Inc generated $26.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $27.6m during the year ending 12/2022. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HIGH QUALITY MEDICAL, NURSING, AND REHABILITATION SERVICES ON AN IN-PATIENT BASIS TO MEN AND WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHERRILL HOUSE IS A NONPROFIT CORPORATION THAT OWNS AND OPERATES A 196-BED SKILLED NURSING FACILITY LOCATED IN JAMAICA PLAIN, MASSACHUSETTS. EFFECTIVE SEPTEMBER 1, 2011, EIGHT LICENSED BEDS WERE TAKEN OUT OF SERVICE. SHERRILL HOUSE HAS ESTABLISHED A REFERRAL SYSTEM WITH OTHER HEALTH CARE FACILITIES IN THE AREA TO ENSURE COMPLETE HEALTH SERVICES AT ALL LEVELS. IT OFFERS LOCAL PHYSICIANS AND HOUSE STAFF A SETTING IN WHICH TO RENDER THE BEST SKILLED CARE ON A SHORT-TERM OR LONG-TERM BASIS. IN ITS CONCERN FOR THE INDIVIDUAL, SHERRILL HOUSE AIMS TO BE AS BROAD AND DIVERSE AS THE NEEDS OF THOSE IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Stapleton CEO | Officer | 40 | $338,558 |
James Dame Rehab Director | 40 | $302,702 | |
Ivy Leung Rn - Staff Nurse | 76 | $232,142 | |
Chantal Loiseau Rn - Resident Care Manager | 60 | $200,921 | |
Olympia Celis Rn - Staff Nurse | 74 | $187,897 | |
Beatrice Awuor Rn - Staff Nurse | 64 | $186,728 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beth Israel Deaconess Covid Testing | 12/30/22 | $249,758 |
Cliftonlarsonallen Llp Audit & Tax Services | 12/30/22 | $193,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,856,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $595,703 |
| Noncash contributions included in lines 1a–1f | $122,956 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,452,080 |
| Total Program Service Revenue | $20,796,561 |
| Investment income | $135,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $258,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,797,036 |
| 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. | $537,170 |
| Compensation of current officers, directors, key employees. | $537,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,130,020 |
| Pension plan accruals and contributions | $57,634 |
| Other employee benefits | $1,726,358 |
| Payroll taxes | $1,115,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,294 |
| Fees for services: Accounting | $151,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,368 |
| Fees for services: Other | $1,500,214 |
| Advertising and promotion | $191,072 |
| Office expenses | $449,485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $636,076 |
| Travel | $10,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,449 |
| Interest | $949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,587,906 |
| Insurance | $280,079 |
| All other expenses | $238,595 |
| Total functional expenses | $27,590,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $42,962 |
| Accounts receivable, net | $2,301,363 |
| 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 | $10,556 |
| Net Land, buildings, and equipment | $13,313,574 |
| Investments—publicly traded securities | $6,842,349 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,796,472 |
| Total assets | $28,355,041 |
| Accounts payable and accrued expenses | $5,456,895 |
| Grants payable | $0 |
| Deferred revenue | $56,177 |
| 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 | $9,210,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,723,462 |
| Net assets without donor restrictions | $11,375,650 |
| Net assets with donor restrictions | $2,255,929 |
| 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 | $28,355,041 |