Nichols Village Inc

Organization Overview

Nichols Village Inc is located in Groveland, MA. The organization was established in 2002. 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. Nichols Village 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 12/2021, Nichols Village Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 7.7% 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NICHOLS VILLAGE PROVIDES SERVICES FOR THE ELDERLY, INCLUDING HOUSING, MEALS AND ACTIVITIES


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,650,000
Interest on Savings $18,437
Dividends & Interest $0
Net Rental Income$3,967,283
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 $467,268
Total Revenue $6,102,988

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Nichols Village Inc has recieved totaling $1,255,000.

Awarding OrganizationAmount
N Woodburn Nichols Foundation Inc

Groveland, MA

PURPOSE: CHARITABLE FOR SENIOR HOUSING

$1,200,000
N Woodburn Nichols Foundation Inc

Groveland, MA

PURPOSE: CHARITABLE FOR SENIOR HOUSING

$55,000
View Grant Recipient Profile

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