Old Colony Elder Services Inc
- Assets
- $22.0m
- Revenue
- $56.3m
- Investments
- $25.3k
- Employees
- 296
- Location
- Brockton, MA
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 04-2545236
Organization Overview
Old Colony Elder Services Inc is located in Brockton, MA. The organization was established in 1974. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Old Colony Elder Services Inc employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Colony Elder Services 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 06/2021, Old Colony Elder Services Inc generated $56.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $55.4m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE INDEPENDENCE AND DIGNITY OF OLDER ADULTS AND INDIVIDUALS WITH DISABILITIES BY PROVIDING ESSENTIAL INFORMATION AND SERVICES THAT PROMOTE HEALTHY AND SAFE LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SENIOR CARE OPTIONS PROGRAM PROVIDES SERVICES TO SENIORS WHO ARE ELIGIBLE FOR MEDICAID AND MAY BE ELIGIBLE FOR MEDICARE. THESE CONSUMERS RECEIVED A HEALTH-CARE PLAN INDIVIDUALIZED FOR THEIR PERSONAL NEEDS.
THE COMMUNITY CHOICES PROGRAM PROVIDES HOME AND COMMUNITY-BASED SUPPORT SERVICES, CARE MANAGEMENT AND COORDINATION TO VERY FRAIL, LOW-INCOME ELDERS OVER SIXTY AND ON MEDICAID SO THEY MAY REMAIN LIVING AT HOME RATHER THAN IN INSTITUTIONS.
STATE HOME CARE PROGRAM PROVIDES HOME AND COMMUNITY-BASED SUPPORT SERVICES, CARE MANAGEMENT AND COORDINATION TO FRAIL, LOW-INCOME ELDERS OVER THE AGE OF SIXTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Welch Director | Trustee | 1 | $0 |
Anne Daley Director | Trustee | 1 | $0 |
Beverly Pavasaris Director | Trustee | 1 | $0 |
Connie Kelly Director | Trustee | 1 | $0 |
Dorothy Martel Director | Trustee | 1 | $0 |
Gretchen Emmetts Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,252,105 |
| Investment income | $65,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,934 |
| 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 | $56,280,161 |
| Statement of Expenses | |
|---|---|
| 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. | $425,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,694,093 |
| Pension plan accruals and contributions | $346,282 |
| Other employee benefits | $2,538,045 |
| Payroll taxes | $808,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,574 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,069 |
| Fees for services: Other | $63,435 |
| Advertising and promotion | $0 |
| Office expenses | $33,464 |
| Information technology | $177,299 |
| Royalties | $0 |
| Occupancy | $474,534 |
| Travel | $74,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,842 |
| Insurance | $44,621 |
| All other expenses | $0 |
| Total functional expenses | $55,426,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,308 |
| Savings and temporary cash investments | $3,587,087 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,499,047 |
| 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 | $152,211 |
| Investments—publicly traded securities | $2,235,444 |
| Investments—other securities | $25,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,007,190 |
| Accounts payable and accrued expenses | $7,488,778 |
| Grants payable | $0 |
| Deferred revenue | $161,585 |
| 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 | $1,147,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,797,538 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $13,209,652 |