Walnut Street Center Inc
- Assets
- $4.9m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 220
- Location
- Medford, MA
- Founding
- 06/1973
- Data as of
- 06/2023
- EIN
- 04-2513725
Organization Overview
Walnut Street Center Inc is located in Medford, MA. The organization was established in 1973. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Walnut Street Center Inc employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Street Center 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, Walnut Street Center Inc generated $15.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $15.6m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WALNUT STREET CENTER IS TO PROVIDE ADULTS, WITH DEVELOPMENTAL DISABILITIES, WITH OPPORTUNITIES TO LIVE ENGAGED AND MEANINGFUL LIVES. THE AGENCY ACCOMPLISHES THIS MISSION BY OFFERING A VARIETY OF SUPPORT SERVICES THAT PROVIDE OPPORTUNITIES TO LIVE, WORK, VOLUNTEER AND SOCIALIZE IN THE COMMUNITY. THE WALNUT STREET CENTER IS CURRENTLY DEVELOPING AND ENHANCING SUPPORT SERVICES TO MEET THE CHANGING NEEDS OF THE PEOPLE WHO ARE SERVED BY THIS AGENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SUPPORTS:WALNUT STREET CENTER 'S RESIDENTIAL PROGRAMS PROVIDE A VARIETY OF LIVING OPTIONS WITHIN THE COMMUNITY, INCLUDING INDIVIDUAL SUPPORTS (LESS THAN 24/7), AND FULLY STAFFED HOMES (24/7). OUR PROGRAMS INCLUDE MEDICALLY INTENSIVE SERVICES, ALZHEIMER'S CARE, DUAL DIAGNOSIS, AUTISM, DEMENTIA, AND BEHAVIORAL PROGRAMS.24-HOUR SUPPORT: THIS MODEL PROVIDES PRIVATE RESIDENCES INTEGRATED WITHIN THE COMMUNITY THAT ARE STAFFED 24 HOURS A DAY.THESE HOMES PROVIDE SUPPORTS FOR MULTIPLE ADULTS, EACH WITH THEIR OWN PRIVATE BEDROOM. SUPPORTS ARE CUSTOMIZED TO MEET THE NEEDS OF EACH RESIDENT.INDIVIDUAL SUPPORT: THE INDIVIDUAL SUPPORT SERVICE MODEL PROVIDES SUPPORTS TO ADULTS WITH INTELLECTUAL DISABILITIES WHO LIVE INDEPENDENTLY IN THEIR OWN HOME OR APARTMENT OR WITH THEIR FAMILIES. THE SERVICE IS PROVIDED EITHER THROUGH CASE MANAGEMENT OR RECURRENT SUPPORT FROM WALNUT STREET CENTER STAFF. WALNUT STREET CENTER WORKS WITH THE INDIVIDUAL AND THEIR SUPPORT NETWORK TO DEVELOP A CUSTOMIZED MODEL THAT ALLOWS FOR THE HIGHEST LEVEL OF INDEPENDENCE.
OTHER PROGRAM SERVICES
DAY HABILITATION PROGRAM:WSC DAY HABILITATION PROGRAM WAS OPENED IN 2003. THE PROGRAM OFFERS A SCHEDULE OF ACTIVITIES, FORMALIZED TRAINING, NURSING/CLINICAL SUPPORTS, AND STAFF SUPPORTS TO PROMOTE SKILL DEVELOPMENT FOR THE ACQUISITION, RETENTION OR IMPROVEMENT OF SELF-HELP, SOCIALIZATION AND ADAPTIVE SKILLS. ACTIVITIES FOCUS ON IMPROVING A PARTICIPANTS SENSORY, MOTOR, COGNITIVE, COMMUNICATION AND SOCIAL INTERACTION SKILLS.
COMMUNITY BASED DAY SUPPORT:THIS PROGRAM OFFERS INDIVIDUALIZED SUPPORTS THAT ARE DESIGNED TO ENABLE INDIVIDUALS TO ENRICH THEIR LIVES BY ENJOYING A FULL RANGE OF COMMUNITY ACTIVITIES WHICH WILL DEVELOP, ENHANCE OR MAINTAIN COMPETENCIES. THE PROGRAM CAN BE A PATH TO RETIREMENT OR EMPLOYMENT. WHILE THE PROGRAM DOES NOT FOCUS ON PAID EMPLOYMENT IT CAN INCLUDE PRE-VOCATIONAL ACTIVITIES THAT WILL PREPARE INDIVIDUALS FOR FUTURE EMPLOYMENT AND LIMITED PAID OPPORTUNITIES. THE PROGRAM IS USED AS A VEHICLE TO EXPLORE AND ENGAGE IN COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Prescod President | OfficerTrustee | 1.5 | $0 |
John Mahoney Chairman | OfficerTrustee | 1.5 | $0 |
Lisa Stone Treasurer | OfficerTrustee | 0.5 | $0 |
Richard Brenner Secretary | OfficerTrustee | 0.5 | $0 |
Christopher Snell Director | Trustee | 0.5 | $0 |
Jennifer Mitrano Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pax Care Services Llc Staffing Agency | 6/29/22 | $321,164 |
Acti-kare Staffingllc Staffing Agency | 6/29/22 | $277,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,511 |
| Related organizations | $0 |
| Government grants | $12,801,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,846,361 |
| Total Program Service Revenue | $2,942,297 |
| Investment income | $11,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,488 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,845,290 |
| 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. | $480,079 |
| Compensation of current officers, directors, key employees. | $480,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,479,224 |
| Pension plan accruals and contributions | $91,278 |
| Other employee benefits | $878,360 |
| Payroll taxes | $827,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,256 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,009 |
| Advertising and promotion | $0 |
| Office expenses | $395,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,222,606 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,941 |
| Insurance | $61,885 |
| All other expenses | $15,619 |
| Total functional expenses | $15,629,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,753 |
| Savings and temporary cash investments | $1,834,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,512,155 |
| 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 | $113,059 |
| Net Land, buildings, and equipment | $595,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $682,153 |
| Total assets | $4,945,504 |
| Accounts payable and accrued expenses | $1,117,272 |
| Grants payable | $0 |
| Deferred revenue | $131,015 |
| 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 | $475,399 |
| Total liabilities | $1,723,686 |
| Net assets without donor restrictions | $3,221,818 |
| 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 | $4,945,504 |