Element Care Inc

Organization Overview

Element Care Inc is located in Lynn, MA. The organization was established in 1995. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Element Care Inc employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Element Care 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 06/2023, Element Care Inc generated $110.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $106.0m during the year ending 06/2023. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO PROVIDE HEALTH AND SOCIAL SERVICES TO ELDERS OF MASSACHUSETTS LOCATED NORTH OF BOSTON. PACE IS A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY THAT ENABLES ELIGIBLE SENIORS TO REMAIN IN THEIR OWN COMMUNITIES RATHER THAN BEING PLACED IN LONG-TERM CARE FACILITIES. THE ORGANIZATION'S GOAL IS TO MAXIMIZE THE HEALTH AND FUNCTIONING LEVELS OF PROGRAM ENROLLEES TO ENABLE THEM TO CONTINUE LIVING IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ELEMENT CARE, INC. IS A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) WHICH ENABLES ELIGIBLE SENIORS TO REMAIN IN THEIR OWN COMMUNITIES. THE PACE MODEL PROVIDES ONE STOP COMPREHENSIVE HEALTH AND SOCIAL SERVICES FOR ITS PARTICIPANTS. PACE'S GOAL IS TO MAXIMIZE THE HEALTH AND FUNCTIONING LEVELS OF PROGRAM ENROLLEES TO ENABLE THEM TO CONTINUE LIVING IN THE COMMUNITY. TO ACCOMPLISH THIS, THE PROGRAM: PROVIDES A COMPREHENSIVE RANGE OF PREVENTATIVE, PRIMARY, ACUTE AND LONG-TERM CARE SERVICES; USES AN INTEGRATED INTERDISCIPLINARY TEAM TO MANAGE CARE; DEVELOPS APPROPRIATE COMMUNITY-BASED ALTERNATIVES TO PROVIDING CARE IN INSTITUTIONAL SETTINGS AND CONSOLIDATES CAPITATED FUNDING FROM MEDICARE AND MEDICAID.IN JUNE 2004 ELEMENT CARE, ALONG WITH GLSS AND LCHC BECAME A MEMBER OF THE SENIOR CARE OPTIONS (SCO) PROGRAM, THE PARENT ORGANIZATION IS COMMONWEALTH CARE ALLIANCE. THIS IS A STATE-RUN PROGRAM SIMILAR TO THE PACE PROGRAM, WHERE PATIENTS ARE CARED FOR, HOWEVER CCA IS THE DIRECT RECIPIENT OF THE MEDICARE AND MEDICAID REVENUE. THIS PROGRAM ALLOWS ELEMENT CARE TO REACH A WIDER POPULATION, AS THE QUALIFICATION TO BECOME A MEMBER OF THE SCO PROGRAM ARE MORE FLEXIBLE THAN THE PACE PROGRAM. WHEREAS PACE REQUIRES ALL MEMBERS TO BE "NURSING HOME ELIGIBLE", SCO MAY ALLOW FOR MUCH HEALTHIER MEMBERS TO JOIN THE PROGRAM, THEREBY GIVING ELEMENT CARE THE OPPORTUNITY TO ASSIST THESE PATIENTS EARLIER. ELEMENT CARE IS CONSIDERED A PRIMARY CARE SITE, AND PROVIDES SERVICES TO PARTICIPANTS IN THE NORTH SHORE AND THE MERRIMACK VALLEY. UP UNTIL DECEMBER 31, 2018 ELEMENT CARE OPERATED UNDER A FULL RISK MODEL WHEREBY, CCA RECEIVED MEDICARE AND MEDICAID REIMBURSEMENT (SIMILAR TO ELEMENT CARE) AND THEN REMITTED 86% OF THE PREMIUM RECEIVED LESS CLAIMS EXPENSES TO ELEMENT CARE. ELEMENT CARE IN TURN PROVIDED CARE MANAGEMENT SERVICES TO THESE PARTICIPANTS, AND REMITTED REQUIRED FUNDS TO ITS VENDORS, INCLUDING GLSS AND LCHC FOR THE SERVICES THEY PROVIDE. ELEMENT CARE OUTSOURCES TO LCHC AND GLSS FOR THEIR PROGRAM AND MEDICAL SERVICES EXPERTISE.ELEMENT CARE RENEGOTIATED ITS CONTRACT MORE RECENTLY WITH CCA EFFECTIVE JANUARY 1, 2022 AND NOW IS REIMBURSED FOR CASE MANAGEMENT SERVICES ON A PER MEMBER PER MONTH BASIS AT A RATE OF $312 PMPM. IN 2022 ELEMENT CARE STARTED CONSTRUCTION ON TWO NEW SITES, ONE IN LYNN AND ONE IN BRIGHTON. ELEMENT CARE ALSO INVESTED IN A PACE CENTER IN WASHINGTON DC.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Burns
Director
$0
Peter Rossetti
Director
$0
Dr Kiame Mahaniah
Director Until (mar '23)
$0
Dr Geoff Pechinsky
Director (since Apr '23)
$0
Rodolfo Rudy Vega
Director (since Apr '23)
$0
Eliud Alcala
Director (since Apr '23)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lynn Community Health Center
Health Care
$12,435,212
North Shore Medical Center Inc
Hospital Facility
$3,269,374
Northeast Hospital Corporation Inc
Hospital Facility
$2,409,492
Ocean Transportation
Transportation Services
$2,178,743
Crossway Homecare Llc
Home Health Care Services
$1,988,905
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$108,716,402
Investment income $1,285,433
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $15,889
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 $110,017,724

Grants Awarded

Over the last fiscal year, Element Care Inc has awarded $2,250,000 in support to 4 organizations.

Grant RecipientAmount

HENRY C NEVINS HOME INC

PURPOSE: TO OFFSET LOST REVENUE DUE TO CONSTRUCTION PROJECT OF THE NEW PACE ADHC HOUSING FACILITY.

$1,000,000

GREATER LYNN SENIOR SERVICES

PURPOSE: TO SUPPORT THE DEVELOPMENT OF PROJECT PHOENIX HOME, A SPECIAL ELDER HOUSING SUPPORT AND FOOD SECURITY COMPONENT OF PROJECT PHOENIX, A NEW CITYWIDE COLLABORATIVE INITIATIVE LED BY GREATER LYNN SENIOR SERVICES.

$200,000

YWCA OF GREATER NEWBURYPORT

PURPOSE: FOR BUILDING CONSTRUCTION OF THE NEVINS HOUSING DEVELOPMENT.

$750,000

LYNN COMMUNITY HEALTH CENTER

PURPOSE: TO ASSIST THE ORGANIZATION IN CONVERTING THEIR PAYROLL PLATFORM TO ADP PAYROLL SERVICES.

$300,000
View Grant Profile

Peer Organizations

Organization NameAssets
Element Care Inc
Lynn, MA
$110,017,724
Agespan Inc
Lawrence, MA
$107,934,032
Springwell Inc
Waltham, MA
$98,073,652
Mystic Valley Elder Services Inc
Malden, MA
$94,729,966
Central Boston Elder Services Inc
Boston, MA
$86,879,694
Boston Senior Home Care Inc
Boston, MA
$57,165,852
Elder Services Of Cape Cod And The Islands Inc
South Dennis, MA
$59,401,013
The Jewish Association For Services For The Aged
New York, NY
$57,629,792
Riseboro Community Partnership Inc
Brooklyn, NY
$62,836,313
Southwest Boston Senior Services Inc
Jamaica Plain, MA
$50,976,438
Serenity Care Inc
Andover, MA
$44,235,636
Greater Springfield Senior Services Inc
Springfield, MA
$44,810,105
Bristol Aging & Wellness Inc
Fall River, MA
$41,021,483
Foundation For The Elderly
Inwood, NY
$38,184,077
Somerville-Cambridge Elder Services Incorporated
Somerville, MA
$37,413,945
Coastline Elderly Services Inc
New Bedford, MA
$35,960,378
Minuteman Senior Services Inc
Burlington, MA
$33,444,031
Westmass Eldercare Inc
Holyoke, MA
$33,717,293
Senior Care Connection Inc
Schenectady, NY
$39,173,926
North Shore Elder Services Inc
Danvers, MA
$21,573,941
Aging Services Of North Central Massachusetts Inc
Leominster, MA
$22,291,623
Elder Services Of Berkshire County Inc
Pittsfield, MA
$20,758,089
Health And Social Services Consortium Inc
Walpole, MA
$16,399,751
Regional Aid For Interim Needs Inc
Bronx, NY
$15,545,596
Agency On Aging Of South Central Connecticut Inc
North Haven, CT
$15,248,190

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