William B Rice Eventide Home
- Assets
- $85.7m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 149
- Location
- South Weymouth, MA
- Founding
- 02/1949
- Data as of
- 12/2021
- EIN
- 04-2106771
Organization Overview
William B Rice Eventide Home, operating under the name Dwyer Home And Fairing Way, is located in South Weymouth, MA. The organization was established in 1949. 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 12/2021, Dwyer Home And Fairing Way employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dwyer Home And Fairing Way 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, Dwyer Home And Fairing Way generated $12.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $14.6m during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A LIFE-CARE RETIREMENT COMMUNITY THAT PROVIDES INDIVIDUALIZED SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME PROVIDES SECURE HOUSING, QUALITY NURSING CARE, MEANINGFUL ACTIVITIES, OPPORTUNITIES FOR SOCIALIZATION, AND A WIDE VARIETY OF SUPPORTIVE & REHABILITATION SERVICES TO APPROXIMATELY 50 FRAIL ELDERS UNABLE TO LIVE INDEPENDENTLY IN THE COMMUNITY, WITHOUT REGARD FOR THEIR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Strong Executive Director | Officer | 40 | $180,250 |
Rochelle Rolfe Director Of Nursing | 40 | $117,536 | |
Kimberly Mcgrath Physical Therapist | 40 | $109,571 | |
Amy Ross Vice President | OfficerTrustee | 0 | $0 |
John Spillane President | OfficerTrustee | 0 | $0 |
Donald Powell Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pharmerica Pharmacy | 12/30/21 | $179,804 |
Mako Medical Supplies Medical Supply | 12/30/21 | $119,085 |
Intelycare Inc Agency | 12/30/21 | $112,716 |
Medline Industries Medical Supply | 12/30/21 | $108,204 |
Paramount Health Services Inc Agency | 12/30/21 | $101,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,260,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,278,378 |
| Total Program Service Revenue | $10,327,801 |
| Investment income | $51,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $313,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,971,764 |
| 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. | $183,890 |
| Compensation of current officers, directors, key employees. | $183,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,420,490 |
| Pension plan accruals and contributions | $66,481 |
| Other employee benefits | $601,219 |
| Payroll taxes | $246,464 |
| Fees for services: Management | $239,109 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $69,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,000 |
| Fees for services: Investment Management | $21,029 |
| Fees for services: Other | $121,345 |
| Advertising and promotion | $10,160 |
| Office expenses | $294,396 |
| Information technology | $33,545 |
| Royalties | $0 |
| Occupancy | $1,071,041 |
| Travel | $1,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,803,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,357,332 |
| Insurance | $88,682 |
| All other expenses | $93,819 |
| Total functional expenses | $14,590,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,152,731 |
| Savings and temporary cash investments | $139,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $703,447 |
| 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 | $49,931 |
| Net Land, buildings, and equipment | $78,817,548 |
| Investments—publicly traded securities | $2,057,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,792,475 |
| Total assets | $85,714,038 |
| Accounts payable and accrued expenses | $2,251,830 |
| Grants payable | $0 |
| Deferred revenue | $1,000,274 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $155,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,635,761 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,618,924 |
| Total liabilities | $85,661,789 |
| Net assets without donor restrictions | -$7,651 |
| Net assets with donor restrictions | $59,900 |
| 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 | $85,714,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William B Rice Eventide Home has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $59,900 |
| Ending Balance | $59,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobble Hill Health Center Inc Brooklyn, NY | $104,850,612 | $51,888,626 |
Jewish Home Lifecare Sarah Neuman Center Westchester New York, NY | $40,158,579 | $47,212,238 |
United Home For Aged Hebrews New Rochelle, NY | $40,914,674 | $49,305,789 |
Carmel Richmond Nursing Home Inc Staten Island, NY | $55,443,617 | $48,780,538 |
New England Deaconess Association Concord, MA | $168,661,233 | $42,765,861 |
Ozanam Hall Of Queens Nursing Home Inc Bayside, NY | $72,263,682 | $46,054,461 |
Wesley Health Care Center Inc Saratoga Springs, NY | $29,960,994 | $37,958,192 |
St Johns Health Care Corporation Rochester, NY | $28,699,154 | $43,446,483 |
United Odd Fellow And Rebekah Home Bronx, NY | $62,645,372 | $41,096,050 |
Ferncliff Nursing Home Company Inc Rhinebeck, NY | $23,442,589 | $38,117,632 |
Jamaica Hospital Nursing Home Inc Jamaica, NY | $42,982,074 | $34,835,286 |
Kendal On Hudson Sleepy Hollow, NY | $201,830,109 | $36,128,421 |