Northeast Senior Health Corporation
- Assets
- $5.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 92
- Location
- Beverly, MA
- Founding
- 06/1987
- Data as of
- 09/2022
- EIN
- 04-2731137
Organization Overview
Northeast Senior Health Corporation is located in Beverly, MA. The organization was established in 1987. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Northeast Senior Health Corporation employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Senior Health Corporation 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 09/2022, Northeast Senior Health Corporation generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $6.1m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tabb MD Kevin Ttee, Chair, And Pres (ex-Off) | OfficerTrustee | 1 | $0 |
Kerndl John Ttee & Treas (ex-Off) (evp/cfo,bilh) | OfficerTrustee | 1 | $0 |
Rios Cindy Ttee, Treas (ex-Off) (int Cfo, Bilh) | OfficerTrustee | 1 | $0 |
Katz ESQ Jamie Trustee & Clerk (ex-Officio) | OfficerTrustee | 1 | $0 |
Eichhorn Karen Cfo, Nshc And Bilh Continuing Care | Officer | 1 | $0 |
Gizmunt Jennifer President, Bilh At Home | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beth Israel Lahey Health Inc (R) Beth Israel Lahey Health Professiona Ser | 9/29/22 | $718,811 |
Performance Food Service Dba Performance Food Services | 9/29/22 | $124,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,106 |
| Total Program Service Revenue | $6,650,532 |
| Investment income | $136 |
| 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 | $6,660,774 |
| 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. | $196,068 |
| Compensation of current officers, directors, key employees. | $21,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,533,403 |
| Pension plan accruals and contributions | $63,024 |
| Other employee benefits | $415,287 |
| Payroll taxes | $179,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $432 |
| Fees for services: Other | $134,776 |
| Advertising and promotion | $23,242 |
| Office expenses | $101,252 |
| Information technology | $21,308 |
| Royalties | $0 |
| Occupancy | $503,863 |
| Travel | $418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $195,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $456,062 |
| Insurance | $0 |
| All other expenses | $31,315 |
| Total functional expenses | $6,102,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530 |
| Savings and temporary cash investments | $65,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$99,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,335 |
| Prepaid expenses and deferred charges | $1,046,928 |
| Net Land, buildings, and equipment | $1,678,935 |
| Investments—publicly traded securities | $13,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,196,796 |
| Total assets | $5,910,126 |
| Accounts payable and accrued expenses | $2,756,358 |
| 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 | $285,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $554,959 |
| Total liabilities | $3,596,317 |
| Net assets without donor restrictions | $2,300,081 |
| Net assets with donor restrictions | $13,728 |
| 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 | $5,910,126 |