New England Deaconess Association
- Assets
- $171.2m
- Revenue
- $52.4m
- Investments
- $0.0
- Employees
- 754
- Location
- Concord, MA
- Founding
- 09/1939
- Data as of
- 12/2023
- EIN
- 04-2104763
Organization Overview
New England Deaconess Association is located in Concord, MA. The organization was established in 1939. 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 12/2023, New England Deaconess Association employed 754 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Deaconess Association 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 12/2023, New England Deaconess Association generated $52.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $48.6m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OWNS AND OPERATES SEVERAL RETIREMENT HOMES AND ASSISTED LIVING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ENGLAND DEACONESS ASSOCIATION (NEDA) CARES COMPASSIONATELY FOR STAFF, RESIDENTS, VOLUNTEERS AND FAMILIES. NEDA KNOWS THAT IF ONE CONTINUES TO STAY INTELLECTUALLY CHALLENGED, PHYSICALLY ACTIVE, SOCIALLY CONNECTED, AND SPIRITUALLY ENRICHED IN WHATEVER WAY THAT PROVIDES MEANING TO AN INDIVIDUAL, THAT ONE CAN AGE WELL. THOUGH THERE ARE MANY CHALLENGES ALONG THE PATHWAY OF THE AGING PROCESS, NEDA BELIEVES THAT BY PROVIDING SUPPORTIVE SERVICES IN ALL OF THESE AREAS, THE LATER YEARS OF LIFE WILL BE MORE FULFILLING AND ENRICHING.NEDA'S CURRENT STRATEGY IS PROVIDING CARE AND SERVICES TO OLDER ADULTS IN RESIDENTIAL SETTINGS. JUST AS THE ORIGINAL DEACONESSES MADE A DIFFERENCE IN THE LIVES OF THOSE THEY SERVED, NEDA CONTINUES TO WORK TO ENHANCE AND IMPROVE THE QUALITY OF LIFE FOR ITS RESIDENTS, THEIR FAMILIES AND THEIR COMMUNITIES.THE NEW ENGLAND DEACONESS ASSOCIATION CORE VALUES STATEMENT WAS DEVELOPED THROUGH THE INPUT OF STAFF, RESIDENTS, FAMILIES, CORPORATORS, AND THE BOARD OF DIRECTORS. IT DEFINES WHAT THE ORGANIZATION STANDS FOR AND WHY IT EXISTS. AT ALL LEVELS OF THE ORGANIZATION THE CORE VALUE STATEMENT (BELOW) IS USED TO GUIDE THE CHOICES AND DECISIONS IT MAKES.DEACONESS ABUNDANT LIFE CARES COMPASSIONATELY FOR OUR RESIDENTS, STAFF, VOLUNTEERS, AND THEIR FAMILIES WHILE SHARING ABUNDANT LIFE WITH AN ATTITUDE OF JOY, HOPE, AND COMMITMENT; REACHING OUT TO OUR COMMUNITY WITH A HOLISTIC FOCUS ON BODY, MIND, AND SPIRIT IN AN ENVIRONMENT WHICH LEADS TO CONTINUED EXCELLENCE AND FINANCIAL STRENGTH AS WE STRIVE FOR NEW AND INNOVATIVE WAYS TO BETTER SERVE OLDER ADULTS.NEDA'S CURRENT OPERATIONS PROVIDE SERVICES AND FACILITIES THAT MEET THE CHANGING NEEDS OF OLDER ADULTS. NEDA STRIVES TO ACHIEVE THE HIGHEST STANDARDS OF EXCELLENCE AND LEADERSHIP AS IT ENRICHES AND ENHANCES THE QUALITY OF LIFE FOR THOSE WITHIN NEDA'S CARE. NEDA'S COMMITMENT TO ASSISTING OLDER ADULTS ALSO GOES BEYOND THE RESIDENTIAL SETTINGS TO INCLUDE SEMINARS AND SPEAKING ENGAGEMENTS TO HELP COMMUNITY GROUPS AND AGENCIES, AS WELL AS CHURCHES, TO BETTER CARE FOR THEIR CONSTITUENTS. NEDA PRESENTLY OPERATES IN FOUR LOCATIONS. OCCUPANCY FOR 2023 AT RIVERCREST WAS 90%, THE GARDENS 95%, AND INDEPENDENT LIVING 95%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Sintros Ceo/president | OfficerTrustee | 32 | $400,543 |
Kenneth Grinnell Chair | OfficerTrustee | 1 | $0 |
John Young Treasurer | OfficerTrustee | 1 | $0 |
Carol Wilson Board Member (immediate Past Chair) | Trustee | 1 | $0 |
Glenn Burlamachi Board Member | Trustee | 1 | $0 |
Dr Sunita Hanjura Board Member | Trustee | 1 | $1,550 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New England Construction Construction | 12/30/23 | $723,973 |
Nixon Peabody Llp Legal Services | 12/30/23 | $169,406 |
Gervais Electric Electrician | 12/30/23 | $167,425 |
Baker Tilly Virchow Krause Llp Law Firm | 12/30/23 | $156,132 |
Stephanie Tejeda Aka Lyas Helping Hand Healthcare Services | 12/30/23 | $141,281 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,513,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,509,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,023,111 |
| Total Program Service Revenue | $44,676,880 |
| Investment income | $2,333,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,501 |
| Net Gain/Loss on Asset Sales | $1,867,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,402,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,000 |
| 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. | $1,549,179 |
| Compensation of current officers, directors, key employees. | $297,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,930,409 |
| Pension plan accruals and contributions | $872,597 |
| Other employee benefits | $2,231,696 |
| Payroll taxes | $2,110,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180,674 |
| Fees for services: Accounting | $131,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $277,381 |
| Fees for services: Other | $3,031,385 |
| Advertising and promotion | $171,425 |
| Office expenses | $1,953,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,246,810 |
| Travel | $110,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,456,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,538,113 |
| Insurance | $605,881 |
| All other expenses | $212,571 |
| Total functional expenses | $48,583,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $689 |
| Savings and temporary cash investments | $34,460,338 |
| Pledges and grants receivable | $1,103,198 |
| Accounts receivable, net | $7,242,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,839 |
| Prepaid expenses and deferred charges | $645,256 |
| Net Land, buildings, and equipment | $74,527,887 |
| Investments—publicly traded securities | $45,628,648 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,476,616 |
| Total assets | $171,177,154 |
| Accounts payable and accrued expenses | $4,743,334 |
| Grants payable | $0 |
| Deferred revenue | $7,827,633 |
| Tax-exempt bond liabilities | $37,449,866 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,723,961 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,710,291 |
| Total liabilities | $178,455,085 |
| Net assets without donor restrictions | -$14,222,948 |
| Net assets with donor restrictions | $6,945,017 |
| 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 | $171,177,154 |