Jgs Lifecare Corporation
- Assets
- $4.3m
- Revenue
- $16.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Longmeadow, MA
- Founding
- 05/1947
- Data as of
- 12/2022
- EIN
- 04-2129128
Organization Overview
Jgs Lifecare Corporation is located in Longmeadow, MA. The organization was established in 1947. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jgs Lifecare Corporation 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, Jgs Lifecare Corporation generated $16.1k 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 (45.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
NON-PROFIT ORGANIZATION DEDICATED TO IMPROVING THE PHYSICAL, SPIRITUAL AND EMOTIONAL HEALTH OF INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE PROGRAMS THAT ARE CHARITABLE, EDUCATIONAL AND THAT WILL ADVANCE THE KNOWLEDGE AND PRACTICE OF GERIATRIC NURSING, HEALTH, REHABILITATIVE CARE AND OTHER SERVICES IN WESTERN MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Berman CEO Emeritus- Chief Philanthropy Officer | Officer | 1 | $0 |
Adam Berman President And CEO | OfficerTrustee | 1 | $0 |
Elizabeth Mullen COO | Officer | 1 | $0 |
Jennifer Santerre CFO | Officer | 1 | $0 |
Ronilo Anglo Chief Clinical Officer | 1 | $0 | |
Karen Petruccelli VP Clinical Quality Improvement | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Da Sullivan Construction | 12/30/16 | $9,142,952 |
Perkins Eastman Architect | 12/30/16 | $180,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,445 |
| Noncash contributions included in lines 1a–1f | $13,445 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,445 |
| Total Program Service Revenue | $0 |
| Investment income | $2,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,120 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,350 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,700 |
| Fees for services: Accounting | $5,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,812 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $728,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382,090 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,141,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,163 |
| Savings and temporary cash investments | $625,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,098 |
| 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 | $3,273 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $47,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,394,830 |
| Total assets | $4,302,371 |
| Accounts payable and accrued expenses | $409,629 |
| Grants payable | $0 |
| Deferred revenue | $13,544 |
| 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 | $14,204,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,627,733 |
| Net assets without donor restrictions | -$11,164,448 |
| Net assets with donor restrictions | $839,086 |
| 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 | $4,302,371 |
Grants Awarded
Over the last fiscal year, Jgs Lifecare Corporation has awarded $1,971,015 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JGS ADMINISTRATIVE SERVICES INC PURPOSE: SUPPORT PROVIDED TO RELATED TAX-EXEMPT ORGANIZATION. | $120,001 |
JEWISH NURSING HOME OF WESTERN MASSACHUSETTS INC PURPOSE: SUPPORT PROVIDED TO RELATED TAX-EXEMPT ORGANIZATION. | $1,851,014 |