Old Colony Elder Services Inc
- Assets
- $21.7m
- Revenue
- $57.5m
- Investments
- $29.3k
- Employees
- 282
- Location
- Brockton, MA
- Founding
- 11/1974
- Data as of
- 06/2020
- 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 06/2021, Old Colony Elder Services Inc employed 282 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 06/2020, Old Colony Elder Services Inc generated $57.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $57.2m during the year ending 06/2020. While expenses have increased by 4.9% per year over the past 6 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
2020
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 |
|---|---|---|---|
Nicole Long CEO | Officer | 35 | $146,211 |
Diana Digiorgi COO Advisor | Officer | 35 | $132,567 |
Susan Willis Chief Programs Officer | 35 | $113,916 | |
Anna Dee COO | Officer | 35 | $85,805 |
Nancy G Hill President | OfficerTrustee | 1 | $0 |
Paula M P Schlosser Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,877,438 |
| Investment income | $110,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,421 |
| 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 | $57,499,133 |
| 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. | $282,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,259,280 |
| Pension plan accruals and contributions | $332,680 |
| Other employee benefits | $2,207,526 |
| Payroll taxes | $796,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,742 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,478 |
| Fees for services: Other | $88,343 |
| Advertising and promotion | $0 |
| Office expenses | $58,150 |
| Information technology | $154,693 |
| Royalties | $0 |
| Occupancy | $561,889 |
| Travel | $194,452 |
| 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 | $287,685 |
| Insurance | $41,172 |
| All other expenses | $0 |
| Total functional expenses | $57,201,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $6,663,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,543,241 |
| 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 | $135,715 |
| Investments—publicly traded securities | $2,033,253 |
| Investments—other securities | $29,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,708,151 |
| Accounts payable and accrued expenses | $7,359,221 |
| Grants payable | $0 |
| Deferred revenue | $240,675 |
| 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 | $1,912,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,512,200 |
| 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 | $12,195,951 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Old Colony Elder Services Inc has recieved totaling $150,796.
| Awarding Organization | Amount |
|---|---|
Bristol Elder Services Inc Fall River, MA PURPOSE: LONG-TERM CARE OPTIONS | $63,287 |
George Edgar Curtis Trust Boston, MA PURPOSE: FOR FUEL AND EMERGENCY ASSISTANCE PROGRAM | $23,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $19,281 |
Meals On Wheels America Arlington, VA PURPOSE: PROJECT SUPPORT AND OTHER SERVICES | $16,000 |
Howard Home Ttees Home For Aged Men Brockton Brockton, MA PURPOSE: CHARITABLE | $15,000 |
Katharine C Pierce T-3379 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $12,083 |
Endowment Analysis
| Beg. Balance | $700,000 |
| Ending Balance | $700,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Newbridge On The Charles Inc Boston, MA | $302,355,064 | $54,466,975 |
Old Colony Elder Services Inc Brockton, MA | $21,708,151 | $57,499,133 |
Masonicare Health Center Wallingford, CT | $30,328,856 | $51,314,223 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
The Riverwoods Company At Exeter New Hampshire Exeter, NH | $189,550,060 | $45,820,937 |
North Hill Needham Inc Needham, MA | $218,215,357 | $46,801,004 |
Church Home Of Hartford Bloomfield, CT | $129,665,157 | $38,203,395 |
Church Homes Inc Congregational Hartford, CT | $66,814,716 | $47,094,677 |
Carleton Willard Homes Inc Bedford, MA | $84,483,009 | $38,647,048 |
The Gerry Homes Gerry, NY | $84,710,797 | $32,122,668 |