Henry C Nevins Home Inc
- Assets
- $12.5m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 292
- Location
- Methuen, MA
- Founding
- 09/1979
- Data as of
- 12/2023
- EIN
- 04-2676008
Organization Overview
Henry C Nevins Home Inc is located in Methuen, MA. The organization was established in 1979. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Henry C Nevins Home Inc employed 292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry C Nevins Home 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 12/2023, Henry C Nevins Home Inc generated $18.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $20.5m during the year ending 12/2023. While expenses have increased by 4.0% 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
TO PROVIDE MEDICAL, NURSING & REHAB CARE FOR INDIVIDUALS WHOSE FUNCTION HAS BEEN IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME OPERATION - NEVINS NURSING & REHABILITATION CENTRE PROVIDES COMPREHENSIVE MEDICAL, NURSING AND REHABILITATIVE CARE FOR INDIVIDUALS WHOSE FUNCTION HAS BEEN IMPAIRED BY INJURY, ILLNESS OR AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Shannon President & CEO | Officer | 15 | $87,286 |
Sharon Walsh CFO | Officer | 37 | $131,439 |
Jeffrey Gangi Administator | 40 | $150,217 | |
Doreen Simmonds-Brown Lpn | 56.09 | $144,790 | |
Emmy Kimori Lpn | 54.47 | $141,721 | |
Susan Heck Director Of Nursing | 40 | $140,217 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Performance Healthcare Services Inc Housekeeping Services | 12/30/23 | $304,952 |
Trelyne Staffing Nurse Staffing Agency | 12/30/23 | $233,635 |
Preferred Therapy Solutions Llc Therapy Services Provider | 12/30/23 | $597,340 |
Mckesson Medical-surgical Inc Medical Supplies | 12/30/23 | $254,055 |
Us Food Service Inc Food Distributor | 12/30/23 | $532,509 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $600,000 |
| Government grants | $78,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,544 |
| Total Program Service Revenue | $17,112,344 |
| Investment income | $76,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $573,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,529,175 |
| 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. | $233,060 |
| Compensation of current officers, directors, key employees. | $233,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,317,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $988,287 |
| Payroll taxes | $759,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,533 |
| Fees for services: Accounting | $155,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,612,016 |
| Advertising and promotion | $68,102 |
| Office expenses | $157,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $370,528 |
| Travel | $960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $460,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $647,271 |
| Insurance | $192,407 |
| All other expenses | $82,824 |
| Total functional expenses | $20,487,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,601 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,481,150 |
| 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 | $63,674 |
| Net Land, buildings, and equipment | $8,390,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,120,692 |
| Total assets | $12,506,374 |
| Accounts payable and accrued expenses | $2,466,967 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,397,730 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,535 |
| Total liabilities | $12,019,232 |
| Net assets without donor restrictions | $487,142 |
| 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 | $12,506,374 |