Hopehealth Visiting Nurse
- Assets
- $1.4m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 108
- Location
- Lincoln, RI
- Founding
- 12/1934
- Data as of
- 09/2023
- EIN
- 05-0259111
Organization Overview
Hopehealth Visiting Nurse is located in Lincoln, RI. The organization was established in 1934. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 09/2023, Hopehealth Visiting Nurse employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopehealth Visiting Nurse 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 09/2023, Hopehealth Visiting Nurse generated $17.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $10.7m during the year ending 09/2023. While expenses have increased by 0.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH QUALITY IN HOME HEALTH CARE (SEE SCHEDULE O)PART OF THE HOPEHEALTH FAMILY OF SERVICES, HOPEHEALTH VISITING NURSE HAS BEEN MAKING A DIFFERENCE IN THE LIVES OF PATIENTS AND FAMILIES SINCE 1908. THROUGH INNOVATIVE PROGRAMS AND SERVICES, WE PROVIDE THE BEST POSSIBLE CARE TO THE COMMUNITIES WE SERVE.WE ARE FULLY ACCREDITED BY THE JOINT COMMISSION AND CERTIFIED BY MEDICARE AND MEDICAID FOR MEETING QUALITY STANDARDS. WE ALSO HAVE A 5-STAR RATING FOR PATIENT SATISFACTION ON MEDICARE'S HOME HEALTH COMPARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1908, HOPEHEALTH VISITING NURSE (HHVN)'S MISSION TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES, REMAINS UNCHANGED. HHVN PROVIDES SKILLED NURSING CARE FOR COMMON HOME HEALTH NEEDS SUCH AS POST OPERATIVE CARE, WOUND CARE, IV THERAPY, AND PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. AT HOPEHEALTH, SAFETY CONTINUES TO BE OUR TOP PRIORITY. AS THE PANDEMIC SITUATION IMPROVES AND GUIDELINE ARE MODIFIED WE ARE COMMITTED TO KEEPING OUR STAFF, PATIENTS AND COMMUNITY SAFE WHILE PROVIDING THE VERY BEST PATIENT CARE. (SEE SCHEDULE O)HOPEHEALTH VISITING NURSE PROVIDES HIGH QUALITY HEALTHCARE SERVICES DESIGNED TO PROMOTE AND MAINTAIN COMMUNITY HEALTH AND TO PROVIDE IN-HOME HEALTH SERVICES FOR PATIENTS REQUIRING HEALTHCARE ASSISTANCE IN THE HOME. IN FY22, HHVN PROVIDED NURSES, HOME CARE AIDES, SOCIAL WORKERS, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIST SERVICES TO OVER 2,551 PATIENTS AND FAMILIES IN THE COMFORT OF THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Arnold Director | Trustee | 0.06 | $0 |
George Babcock Director | Trustee | 0.08 | $0 |
Carie Bailey Director | Trustee | 0.11 | $0 |
Jeffrey Bradley Director | Trustee | 0.11 | $0 |
Janet Cooper Nelson Rev Director | Trustee | 0.11 | $0 |
Deborah Cornwall Director | Trustee | 0.11 | $0 |
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 | $84,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,689 |
| Total Program Service Revenue | $5,820,874 |
| Investment income | $18,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$234,912 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,931,230 |
| 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. | $125,441 |
| Compensation of current officers, directors, key employees. | $125,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,878,711 |
| Pension plan accruals and contributions | $61,426 |
| Other employee benefits | $1,670,394 |
| Payroll taxes | $381,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,172 |
| Fees for services: Accounting | $81,242 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298,926 |
| Advertising and promotion | $1,017 |
| Office expenses | $121,637 |
| Information technology | $88,949 |
| Royalties | $0 |
| Occupancy | $180,977 |
| Travel | $276,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,058 |
| Interest | $13,394 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,234 |
| Insurance | $104,144 |
| All other expenses | $20,630 |
| Total functional expenses | $10,705,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,316 |
| 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 | $74,958 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $875,024 |
| Total assets | $1,439,722 |
| Accounts payable and accrued expenses | $505,770 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $916,235 |
| Total liabilities | $1,422,005 |
| Net assets without donor restrictions | $3,505 |
| Net assets with donor restrictions | $14,212 |
| 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 | $1,439,722 |