Northeast Senior Health Corporation
- Assets
- $5.7m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 112
- Location
- Beverly, MA
- Founding
- 06/1987
- Data as of
- 09/2021
- 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 09/2021, Northeast Senior Health Corporation employed 112 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 09/2021, Northeast Senior Health Corporation generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $6.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTHEAST SENIOR HEALTH (NSH) IS DEDICATED TO SERVING THE UNIQUE HEALTH CARE NEEDS OF SENIORS AND THEIR FAMILIES IN NORTHEASTERN MASSACHUSETTS. NSH IS COMPRISED OF THE HERRICK HOUSE ASSISTED LIVING COMMUNITY AND SPECTRUM ADULT DAY HEALTH.
Describe the Organization's Program Activity:
NORTHEAST SENIOR HEALTH CORP. (NSHC) IS COMPRISED OF THE HERRICK HOUSE ASSISTED LIVING COMMUNITY WHICH IS AN ASSISTED LIVING COMMUNITY LOCATED ON THE UPPER CAMPUS OF NORTHEAST HOSPITAL CORPORATION D/B/A BEVERLY HOSPITAL IN BEVERLY, MASSACHUSETTS. NORTHEAST HOSPITAL CORPORATION IS AN AFFILIATE OF HERRICK HOUSE AND IS ALSO EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HERRICK HOUSE INCLUDES 68 PRIVATE, TRADITIONAL ASSISTED LIVING APARTMENTS AND 16 APARTMENTS IN THE SECURE SPECTRUM MEMORY CARE COMMUNITY THAT FOCUSES ON CARE FOR THOSE WHO SUFFER FROM COGNITIVE IMPAIRMENTS, PROVIDING A LIFESTYLE THAT PROMOTES COMPASSION, DIGNITY, AND RESPECT IN A SAFE AND SECURE ENVIRONMENT. HERRICK HOUSE HAS 24-HOUR ON-SITE LICENSED NURSING SUPPORT AND EMPLOYS A WIDE-RANGE OF SUPPORTIVE STAFF TO MEET PATIENTS' CARE NEEDS.IN FY21, HERRICK HOUSE TRANSITIONED TO A NEW COMPREHENSIVE OPERATING SYSTEM, POINTCLICKCARE, TO HELP TEAMS BETTER MANAGE WORKFLOWS. THE COMMUNITY ALSO TRANSITIONED TO A NEW PHARMACY, WOODMARK, AND UTILIZES THE POINTCLICKCARE MEDICATION MANAGEMENT SOFTWARE MODULE TO IMPROVE TRACKING OF MEDICATIONS AND RESIDENT CARE.IN ADDITION TO THE PROGRAM SERVICE ACCOMPLISHMENTS NOTED ABOVE, THE BILH NETWORK HAD SIGNIFICANT ACTIVITIES ACROSS ENTITIES RELATED TO BOTH BEHAVIORAL HEALTH AND ITS RESPONSE TO THE ONGOING COVID-19 PANDEMIC. DETAILS ON BOTH ARE BELOW.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moore Nancy Exe Dir Herrick House | Officer | 55 | $178,330 |
Palmacci Rachael Former Director Of Quality & Compliance | 1 | $105,307 | |
Tabb MD Kevin Trustee, Chair & Pres (ex-Of) | OfficerTrustee | 1 | $0 |
Kerndl John Trustee (ex-Of), Treasurer (ex-Of) | OfficerTrustee | 1 | $0 |
Katz ESQ Jamie Bilh Gn Cnsl, Clrk, Trste (ex-Of) | OfficerTrustee | 1 | $0 |
Fischer Steven Bilh Cfo, Trustee, Treasr (ex-Of) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beth Israel Lahey Health Inc Medical And Admin Services | 9/29/21 | $477,037 |
Glendale Senior Dining Inc Meal Service | 9/29/21 | $259,645 |
Rbc Capital Markets Llc Investment Consulting | 9/29/21 | $185,333 |
Advanced Nursing Care Inc Nursing Services | 9/29/21 | $124,681 |
Asr - Andrew Ristick Handyman Service | 9/29/21 | $110,000 |
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 | $18,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,353 |
| Total Program Service Revenue | $6,358,607 |
| Investment income | $3,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,377,587 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,729,456 |
| Pension plan accruals and contributions | $28,764 |
| Other employee benefits | $494,837 |
| Payroll taxes | $183,606 |
| 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 | $0 |
| Fees for services: Other | $232,835 |
| Advertising and promotion | $26,537 |
| Office expenses | $101,867 |
| Information technology | $23,219 |
| Royalties | $0 |
| Occupancy | $452,881 |
| Travel | $597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $140,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,699 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,984,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530 |
| Savings and temporary cash investments | $2,458,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$47,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,491 |
| Prepaid expenses and deferred charges | $835,062 |
| Net Land, buildings, and equipment | $1,843,941 |
| Investments—publicly traded securities | $16,053 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $594,345 |
| Total assets | $5,715,497 |
| Accounts payable and accrued expenses | $2,389,025 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,570,683 |
| Total liabilities | $3,959,708 |
| Net assets without donor restrictions | $1,739,736 |
| Net assets with donor restrictions | $16,053 |
| 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 | $5,715,497 |
Endowment Analysis
| Beg. Balance | $709,904 |
| Ending Balance | $709,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |