Assisted Living Center Inc
- Assets
- $1.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 31
- Location
- Salisbury, MA
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 04-3210729
Organization Overview
Assisted Living Center Inc is located in Salisbury, MA. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Assisted Living Center Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assisted Living Center 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 12/2022, Assisted Living Center Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ASSISTED LIVING FACILITIES FOR LOW TO MODERATE INCOME ELDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LIVING ENVIRONMENT, HOMECARE SERVICES AND NUTRITION SERVICES FOR AN AVERAGE OF 20-30 ELDERS PER MONTH.
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 |
|---|---|---|---|
Thomas D Higgins President | OfficerTrustee | 40 | $109,251 |
Rebecca Fleming Vice President And Clerk | Trustee | 30 | $76,084 |
Stacey Smith Director | Trustee | 1 | $0 |
Kelly Sullivan Asst Clerk | Trustee | 0.25 | $0 |
Jill Tapper Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,818 |
| Total Program Service Revenue | $1,279,670 |
| Investment income | $0 |
| 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 | $1,380,619 |
| 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. | $185,335 |
| Compensation of current officers, directors, key employees. | $181,531 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $560,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,803 |
| Fees for services: Accounting | $13,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,495 |
| Advertising and promotion | $0 |
| Office expenses | $42,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,939 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,279 |
| Insurance | $33,503 |
| All other expenses | $42 |
| Total functional expenses | $1,367,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,745 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,287,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,625,810 |
| Accounts payable and accrued expenses | $215,425 |
| Grants payable | $0 |
| Deferred revenue | $53,659 |
| 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 | $1,063,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,332,904 |
| Net assets without donor restrictions | $200,368 |
| Net assets with donor restrictions | $92,538 |
| 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 | $1,625,810 |