Visiting Nurse Association Of Boston Inc
- Assets
- $13.3m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 131
- Location
- Worcester, MA
- Founding
- 08/1944
- Data as of
- 12/2021
- EIN
- 04-2105800
Organization Overview
Visiting Nurse Association Of Boston Inc is located in Worcester, MA. The organization was established in 1944. 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 12/2021, Visiting Nurse Association Of Boston Inc employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visiting Nurse Association Of Boston 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 12/2021, Visiting Nurse Association Of Boston Inc generated $18.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $20.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) 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
THE VISITING NURSE ASSOCIATION OF BOSTON, WITH A COMMITTMENT TO ALL WHO NEED US, PROVIDES THE HIGHEST QUALITY AND MOST EFFICIENT SOLUTIONS FOR KEEPING PEOPLE INDEPENDENT, AT HOME AND IN THE COMMUNITY, MAXIMIZING THEIR HEALTH AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RESIDENTS OF BOSTON AND SURROUNDING COMMUNITIES WITH CARE THAT WILL MAXIMIZE THEIR HEALTH, INDEPENDENCE AND QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Albushies Registered Nurse | 40 | $194,172 | |
Jill Beverly Registered Nurse | 40 | $153,208 | |
Angela Lee Registered Nurse | 40 | $147,427 | |
Cathleen Foley Registered Nurse | 40 | $135,299 | |
Julie Wilson Kelly Registered Nurse | 40 | $123,765 | |
John Murphy Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atrius Health Inc Management Fees | 12/30/20 | $4,998,987 |
The Suburban Homemaking Home Health Aid | 12/30/20 | $110,734 |
Visiting Nurse Association Of Boston Man Management Fees | 12/30/20 | $974,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $296,552 |
| Government grants | $135,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,986 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $483,590 |
| Total Program Service Revenue | $17,069,581 |
| Investment income | $104,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $920,187 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,577,909 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $218,904 |
| Other salaries and wages | $10,387,720 |
| Pension plan accruals and contributions | $162,751 |
| Other employee benefits | $947,261 |
| Payroll taxes | $776,467 |
| Fees for services: Management | $5,721,885 |
| 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 | $54,069 |
| Fees for services: Other | $800,783 |
| Advertising and promotion | $0 |
| Office expenses | $49,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,409,347 |
| Travel | $168,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,579 |
| Insurance | $0 |
| All other expenses | $107,920 |
| Total functional expenses | $20,806,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,494,141 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,265 |
| Investments—publicly traded securities | $3,382,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,281,448 |
| Total assets | $13,272,940 |
| Accounts payable and accrued expenses | $1,097,690 |
| Grants payable | $0 |
| Deferred revenue | $349,441 |
| 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 | $1,351,116 |
| Total liabilities | $2,798,247 |
| Net assets without donor restrictions | $8,429,042 |
| Net assets with donor restrictions | $2,045,651 |
| 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 | $13,272,940 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Visiting Nurse Association Of Boston Inc has recieved totaling $37,555.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $22,600 |
The San Diego Foundation San Diego, CA PURPOSE: FOR THE HEROES IN HEALTH CARE BENEFIT - SALUTE TO NURSES | $8,000 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $6,955 |
Endowment Analysis
| Beg. Balance | $468,222 |
| Ending Balance | $468,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Granite Vna Inc Concord, NH | $51,710,798 | $41,824,646 |
Sunnyside Home Care Project Inc Long Island City, NY | $13,373,084 | $45,663,585 |
Masonicare Home Health And Hospice Inc Wallingford, CT | $8,766,172 | $39,986,641 |
The University Of Vermont Health Network-Home Health & Hospice Inc Colchester, VT | $37,675,315 | $30,171,090 |
Home Attendant Service Of Hyde Park Inc Brooklyn, NY | $16,110,375 | $32,637,387 |
Elder Services Of Worcester Area Inc Worcester, MA | $18,172,905 | $34,130,586 |
Human Care Services For Families & Children Inc Brooklyn, NY | $35,822,270 | $34,127,182 |
Norwell Visiting Nurse Assoc Inc Norwell, MA | $14,913,766 | $33,955,579 |
Visiting Nurse Association And Hospice Of Western New England Inc West Springfield, MA | $13,025,434 | $28,523,846 |
Home Health Management Services Inc Bronx, NY | $12,973,416 | $29,036,744 |
Visiting Nurse Association Community Healthcare Inc Guilford, CT | $0 | $25,494,387 |
Tri-Valley Inc Dudley, MA | $13,831,723 | $29,766,125 |