Seniorcare Inc
- Assets
- $4.8m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 121
- Location
- Gloucester, MA
- Founding
- 06/1973
- Data as of
- 06/2022
- EIN
- 04-2512171
Organization Overview
Seniorcare Inc is located in Gloucester, MA. The organization was established in 1973. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Seniorcare Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seniorcare 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 06/2022, Seniorcare Inc generated $13.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $14.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SENIORCARE, INC.'S MISSION IS TO PROVIDE AND COORDINATE SERVICES TO ELDERS AND OTHERS, ENABLING THEM TO LIVE INDEPENDENTLY AT HOME OR IN A SETTING OF THEIR CHOICE WHILE REMAINING PART OF THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE HOME CARE CONTRACTS - PROVIDE HOME CARE, NUTRITIONAL & MAINTENANCE SERVICES FOR ELDERLY & HANDICAPPED IN ESSEX COUNT ON A SUBCONTRACT BASIS.
TITLE III PROGRAMS - AREA AGENCY ON AGING, PROVIDES OUTREACH, NUTRITIONAL & MAINTENANCE SERVICES FOR ELDERLY & HANDICAPPED IN ESSEX COUNTY.
OTHER DIRECT SERVICE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Trenti CEO | Officer | 35 | $134,787 |
Kathleen Van Demark Co-President | OfficerTrustee | 2 | $0 |
Carol Grimes Treasurer | OfficerTrustee | 1 | $0 |
Thomas Sullivan Co-President | OfficerTrustee | 2 | $0 |
Laurel Eisenhauer Clerk | OfficerTrustee | 1 | $0 |
Miuza Alves Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Associated Home Care Home Health Care | 6/29/19 | $2,815,998 |
Right At Home-haverhill Home Health Care | 6/29/19 | $252,196 |
Connected Home Care Home Health Care | 6/29/19 | $2,761,722 |
Sidekim Foods Home Health Care | 6/29/19 | $616,040 |
Abc Home Care Home Health Care | 6/29/19 | $1,146,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,689,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,759,462 |
| Noncash contributions included in lines 1a–1f | $32,392 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,448,690 |
| Total Program Service Revenue | $374,154 |
| Investment income | $1,322 |
| 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 | $13,824,166 |
| 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. | $167,746 |
| Compensation of current officers, directors, key employees. | $167,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,808,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $549,424 |
| Payroll taxes | $411,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,520 |
| Fees for services: Accounting | $29,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,303 |
| Advertising and promotion | $12,108 |
| Office expenses | $71,517 |
| Information technology | $28,286 |
| Royalties | $0 |
| Occupancy | $344,994 |
| Travel | $63,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,651 |
| Interest | $1,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,638 |
| Insurance | $41,207 |
| All other expenses | $105,861 |
| Total functional expenses | $14,326,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,354,592 |
| Savings and temporary cash investments | $121,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,796,586 |
| 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 | $42,655 |
| Net Land, buildings, and equipment | $199,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $264,734 |
| Total assets | $4,779,304 |
| Accounts payable and accrued expenses | $1,753,910 |
| Grants payable | $0 |
| Deferred revenue | $174,454 |
| 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 | $260,734 |
| Total liabilities | $2,189,098 |
| Net assets without donor restrictions | $2,590,206 |
| 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 | $4,779,304 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seniorcare Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fegs Home Attendant Services Inc Bronx, NY | $15,195,952 | $56,464,662 |
Riseboro Homecare Inc Brooklyn, NY | $14,931,211 | $36,337,116 |
C A B S Home Attendants Service Inc Brooklyn, NY | $19,397,298 | $40,171,988 |
R A I N Home Attendant Services Inc Bronx, NY | $11,386,641 | $37,567,281 |
Services For The Aged Inc New York, NY | $9,398,199 | $32,148,609 |
Rockaway Home Attendant Services Inc Far Rockaway, NY | $23,841,168 | $30,410,528 |
St Nicks Alliance Home Care Corp Brooklyn, NY | $13,054,062 | $27,941,430 |
Life Path Inc Greenfield, MA | $8,547,416 | $20,609,552 |
Psc Community Services Inc Long Island City, NY | $7,132,504 | $21,162,865 |
Family And Childrens Aid Inc Danbury, CT | $25,324,597 | $18,654,713 |
School Settlement Home Attendant Service Corp Brooklyn, NY | $29,122,806 | $18,746,783 |
Seniorcare Inc Gloucester, MA | $4,779,304 | $13,824,166 |