Admirals Hill Assisted Living Corp Ii
- Assets
- $3.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Chelsea, MA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 04-3538833
Organization Overview
Admirals Hill Assisted Living Corp Ii is located in Chelsea, MA. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Admirals Hill Assisted Living Corp Ii 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 12/2023, Admirals Hill Assisted Living Corp Ii generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 2.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING - THE ORGANIZATION'S MISSION IS TO PROVIDE ASSISTED LIVING SERVICES TO THE RESIDENTS OF GREATER BOSTON AREA.
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 |
|---|---|---|---|
Adam Berman President And CEO | 1 | $729,661 | |
Barry Berman CEO Emeritus And Treasurer | 1 | $893,369 | |
Jennifer Santerre CFO | 1 | $208,928 | |
Elizabeth Mullen COO And Clerk | 1 | $292,864 | |
Gilda Richman Chair | 1 | $82,682 | |
Judy Weiss Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Construction Management Llc | 12/30/21 | $263,733 |
Chelsea Jewish Lifecare Inc | 12/30/21 | $82,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $599 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,464,820 |
| Total Revenue | $2,465,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,313,597 |
| Pension plans, employee benefits | $78,227 |
| Interest | $196,437 |
| Taxes | $110,075 |
| Depreciation | $181,125 |
| Occupancy | $130,532 |
| Travel, conferences, and meetings | $774 |
| Printing and publications | $0 |
| Other expenses | $460,670 |
| Total operating and administrative expenses | $2,645,534 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,645,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,490 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $286,600 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,874 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,087,465 |
| Other assets | $157,667 |
| Total assets | $3,787,096 |
| Accounts payable and accrued expenses | $270,390 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,510,000 |
| Other liabilities | $2,640,614 |
| Total liabilities | $4,421,004 |