Sacred Heart Home
- Assets
- $11.7m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 223
- Location
- New Bedford, MA
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 04-2140119
Organization Overview
Sacred Heart Home is located in New Bedford, MA. The organization was established in 1946. 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 12/2022, Sacred Heart Home employed 223 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sacred Heart Home 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, Sacred Heart Home generated $14.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $13.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SKILLED NURSING & REHABILITATIVE CARE FOR THE FRAIL & ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NURSING AND/OR REHABILITATION SERVICES TO THE AGED AND INFIRM FOR 42,525 PATIENT DAYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edgar M Da Cunha M + President & Treasurer | OfficerTrustee | 1 | $0 |
Joanne Long Director | Trustee | 1 | $0 |
Joanne Roque Director | Trustee | 1 | $0 |
John J Oliveira M + Clerk | OfficerTrustee | 1 | $0 |
Kevin Kiley Director | Trustee | 1 | $0 |
Richard Saunders Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Symbria Rehab Inc Therapy Services | 12/30/22 | $771,814 |
Connect Rn Inc Nursing Services | 12/30/22 | $352,610 |
Diocesan Health Facilities Management Services | 12/30/22 | $347,697 |
Intelycare Inc Nursing Services | 12/30/22 | $225,564 |
Onestaff Medical Llc Nursing Services | 12/30/22 | $211,308 |
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 | $7,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,092 |
| Total Program Service Revenue | $13,328,602 |
| Investment income | $66,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,547 |
| Net Income from Fundraising Events | $6,196 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,891,977 |
| 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 | $7,291,178 |
| Pension plan accruals and contributions | $242,828 |
| Other employee benefits | $538,504 |
| Payroll taxes | $578,543 |
| Fees for services: Management | $417,236 |
| Fees for services: Legal | $3,510 |
| Fees for services: Accounting | $35,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,258 |
| Fees for services: Other | $2,447,674 |
| Advertising and promotion | $11,799 |
| Office expenses | $131,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $488,389 |
| Travel | $13,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215 |
| Interest | $10,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,364 |
| Insurance | $108,168 |
| All other expenses | $133,507 |
| Total functional expenses | $13,914,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $5,671,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,270,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,599 |
| Prepaid expenses and deferred charges | $63,236 |
| Net Land, buildings, and equipment | $2,173,077 |
| Investments—publicly traded securities | $986,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,470,976 |
| Total assets | $11,679,894 |
| Accounts payable and accrued expenses | $1,224,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $401,886 |
| Total liabilities | $1,626,688 |
| Net assets without donor restrictions | $10,053,206 |
| Net assets with donor restrictions | $0 |
| 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 | $11,679,894 |