Seniorcare Inc
- Assets
- $4.5m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 130
- Location
- Gloucester, MA
- Founding
- 06/1973
- Data as of
- 06/2023
- 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 06/2023, Seniorcare Inc employed 130 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 06/2023, Seniorcare Inc generated $13.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $14.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
2023
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.
PROTECTIVE SERVIES AND OTHER DIRECT CARE PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Trenti CEO | Officer | 35 | $151,778 |
Bruce Billingham Vice-Preside | OfficerTrustee | 4 | $0 |
William F Bowler Director | Trustee | 1 | $0 |
Kristin Chounoard Director | Trustee | 1 | $0 |
Adam Curcuru Director | Trustee | 1 | $0 |
Kathleen Van Demark Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connected Home Care Home Health Care | 6/29/19 | $2,761,722 |
Associated Home Care Home Health Care | 6/29/19 | $2,815,998 |
Abc Home Care Home Health Care | 6/29/19 | $1,146,201 |
Sidekim Foods Home Health Care | 6/29/19 | $616,040 |
Right At Home-haverhill Home Health Care | 6/29/19 | $252,196 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,506,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,837,262 |
| Noncash contributions included in lines 1a–1f | $31,268 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,344,091 |
| Total Program Service Revenue | $417,152 |
| Investment income | $14,499 |
| 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 | $13,775,742 |
| 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. | $167,339 |
| Compensation of current officers, directors, key employees. | $167,339 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,401,091 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $457,421 |
| Payroll taxes | $409,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $685 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,992 |
| Advertising and promotion | $8,633 |
| Office expenses | $111,803 |
| Information technology | $39,847 |
| Royalties | $0 |
| Occupancy | $372,251 |
| Travel | $84,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,812 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,745 |
| Insurance | $51,501 |
| All other expenses | $103,180 |
| Total functional expenses | $13,951,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,816 |
| Savings and temporary cash investments | $122,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,252,670 |
| 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 | $92,191 |
| Net Land, buildings, and equipment | $165,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,732 |
| Total assets | $4,525,465 |
| Accounts payable and accrued expenses | $1,925,701 |
| Grants payable | $0 |
| Deferred revenue | $123,034 |
| 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 | $62,732 |
| Total liabilities | $2,111,467 |
| Net assets without donor restrictions | $2,413,998 |
| 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 | $4,525,465 |