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 06/2021, Element Care Inc employed 330 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 06/2021, Element Care Inc generated $102.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $89.4m during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 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
2021
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 WITH CCA EFFECTIVE JANUARY 1, 2019 AND NOW IS REIMBURSED FOR CASE MANAGEMENT SERVICES ON A PER MEMBER PER MONTH BASIS AT A RATE OF $284 PMPM. IN MARCH OF 2020 THE COVED PANDEMIC OCCURRED WHICH NECESSITATED THE TEMPORARY CLOSURE OF ALL PACE ADULT DAY HEALTH CENTERS (ADHC) DAY PROGRAMING. IMMEDIATELY THE ELEMENT CARE MEDICAL AND NURSING TEAMS DEVELOPED A PLAN TO PROVIDE IN HOME SERVICES TO OVER 800 PACE PARTICIPANTS TO MAINTAIN THEIR SAFETY IN THE COMMUNITY. TO DATE THIS OUTREACH CONTINUES IN ADDITION TO A PARTIAL REOPENING OF THE ADHC IN JUNE 2020 BASED ON SQUARE FOOTAGE PER SITE AND THE ABILITY TO PROVIDE A SAFE, SOCIALLY DISTANCED ENVIRONMENT FOR PARTICIPANTS AND STAFF.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Wakefield Executive Director | Officer | 40 | $418,680 |
Joanna Duby Medical Dir/physician | Officer | 40 | $341,494 |
Dorina Omari Physician | 40 | $271,866 | |
Soumya Chandrasekaran Physician | 40 | $266,412 | |
Tao Liu Physician | 40 | $264,965 | |
Michael Kramer Physician | 40 | $254,956 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lynn Community Health Center Health Care | 6/29/21 | $9,256,981 |
North Shore Medical Center Inc Hospital Facility | 6/29/21 | $3,758,194 |
Northeast Hospital Corporation Inc Hospital Facility | 6/29/21 | $1,926,928 |
Crossway Homecare Llc Home Health Care Services | 6/29/21 | $1,528,705 |
Associated Home Care Home Health Care Services | 6/29/21 | $1,277,366 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,125,000 |
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 | $3,125,000 |
Total Program Service Revenue | $97,780,745 |
Investment income | $309,579 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $21,186 |
Net Gain/Loss on Asset Sales | $841,339 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $102,077,849 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,250,000 |
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. | $1,799,862 |
Compensation of current officers, directors, key employees. | $1,799,862 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $23,119,502 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $3,691,750 |
Payroll taxes | $1,953,818 |
Fees for services: Management | $0 |
Fees for services: Legal | $59,295 |
Fees for services: Accounting | $63,813 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $487,092 |
Advertising and promotion | $284,962 |
Office expenses | $732,852 |
Information technology | $1,599,565 |
Royalties | $0 |
Occupancy | $2,086,200 |
Travel | $86,003 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $163,850 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,920,956 |
Insurance | $296,336 |
All other expenses | $14,996,657 |
Total functional expenses | $89,402,275 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,264,336 |
Savings and temporary cash investments | $12,427,835 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,120,673 |
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 | $1,011,846 |
Net Land, buildings, and equipment | $11,658,187 |
Investments—publicly traded securities | $28,276,706 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $106,391 |
Total assets | $83,865,974 |
Accounts payable and accrued expenses | $9,471,182 |
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 | $3,444,187 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $12,915,369 |
Net assets without donor restrictions | $70,950,605 |
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 | $83,865,974 |
Over the last fiscal year, Element Care Inc has awarded $2,250,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Methuen, MA PURPOSE: TO OFFSET LOST REVENUE DUE TO CONSTRUCTION PROJECT OF THE NEW PACE ADHC HOUSING FACILITY. | $1,000,000 |
Newburyport, MA PURPOSE: FOR BUILDING CONSTRUCTION OF THE NEVINS HOUSING DEVELOPMENT. | $750,000 |
Lynn, MA PURPOSE: TO ASSIST THE ORGANIZATION IN CONVERTING THEIR PAYROLL PLATFORM TO ADP PAYROLL SERVICES. | $300,000 |
Lynn, MA 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 |
Organization Name | Assets | Revenue |
---|---|---|
Agespan Inc Lawrence, MA | $46,498,915 | $107,934,032 |
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Jewish Association For Services For The Aged New York, NY | $34,581,080 | $57,474,811 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Riseboro Community Partnership Inc Brooklyn, NY | $38,504,143 | $46,795,171 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |
Foundation For The Elderly Inwood, NY | $9,324,447 | $36,299,710 |