Dana Home Of Lexington Inc
- Assets
- $4.1m
- Revenue
- $308.0k
- Investments
- $3.8m
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 08/1949
- Data as of
- 12/2021
- EIN
- 04-2111392
Organization Overview
Dana Home Of Lexington Inc is located in Lexington, MA. The organization was established in 1949. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dana Home Of Lexington 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, Dana Home Of Lexington Inc generated $308.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $260.8k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 6 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.
Since 2016, Dana Home Of Lexington Inc has awarded 106 individual grants totaling $1,454,751. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DANA HOME FOUNDATION INC. IS A 501(C)(3) PRIVATE FOUNDATION THAT PROVIDES GRANTS TO CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT PROVIDE SERVICES TO THE ELDERLY, WITH AN EMPHASIS ON PROGRAMS THAT SERVE SENIORS IN LEXINGTON, MASSACHUSETTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Mcclements Director | 5 | $0 | |
David Williams Director | 2 | $0 | |
Patricia Nelson Clerk | 5 | $0 | |
Valerie Larsin Director | 2 | $0 | |
Kim Zanin Director | 2 | $0 | |
Cherie Noe Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,200 |
| Interest on Savings | $21 |
| Dividends & Interest | $98,917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $207,848 |
| Capital Gain Net Income | $207,848 |
| Net ST Capital Gain | $0 |
| Income Modifications | $10,390 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $307,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,774 |
| Total operating and administrative expenses | $29,263 |
| Contributions, gifts, grants paid | $231,540 |
| Total expenses and disbursements | $260,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,943 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,825,749 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,095,692 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dana Home Of Lexington Inc has awarded $231,540 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LEXHAB PURPOSE: AFFORDABLE HOUSING ACCESSIBILITY PROGRAM | $50,000 |
Bedford, MA PURPOSE: HEALTHY CONNECTION | $50,000 |
LEXINGTON RECREATION AND COMMUNITY PURPOSE: SENIOR FITNESS OUTDOOR GYM | $25,000 |
MEDFORD VNA PURPOSE: COVID CONTINUUM OF CARE | $15,000 |
LEXINGTON RECREATION AND COMMUNITY PURPOSE: FOREVER FIT | $12,600 |
COOPERATIVE ELDER SERVICES INC PURPOSE: LEXINGTON MEMORY CAF | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rcap Solutions Inc Worcester, MA | $9,084,523 | $86,440,230 |
Homes For Our Troops Inc Taunton, MA | $32,216,870 | $35,704,270 |
Community Housing Innovations Inc White Plains, NY | $68,684,135 | $30,486,174 |
Educational Housing Services Inc New York, NY | $147,607,496 | $20,918,839 |
Vanderheyden Hall Inc Wynantskill, NY | $10,154,920 | $26,980,074 |
Taylor Home Laconia, NH | $85,135,801 | $21,418,139 |
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |