Ballou Home For The Aged Of Woonsocket Rhode Island
- Assets
- $8.3m
- Revenue
- $3.2m
- Investments
- $6.6m
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 07/1935
- Data as of
- 12/2021
- EIN
- 05-0260671
Organization Overview
Ballou Home For The Aged Of Woonsocket Rhode Island is located in Warwick, RI. The organization was established in 1935. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballou Home For The Aged Of Woonsocket Rhode Island 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, Ballou Home For The Aged Of Woonsocket Rhode Island generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME OPERATES A 43 BED NURSING FACILITY. IN 2021 THE HOME PROVIDED THE MAJORITY OF ITS BEDS TO MEDICAID AND MEDICARE RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Zeltzer Executive Di | 40 | $122,000 | |
Dennis Ayotte Dn | 40 | $106,791 | |
Ruth Daly Rn | 40 | $93,608 | |
Sarah Guerra Director Of | 40 | $86,913 | |
Constance Landry Rn | 40 | $85,645 | |
Donna Bourget Rn | 40 | $73,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pannone Lopes Devereaux & O'gara Llc | 12/30/20 | $109,477 |
Carelink | 12/30/20 | $131,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,418 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $720,304 |
| Capital Gain Net Income | $720,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,240,858 |
| Total Revenue | $3,212,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,000 |
| Other employee salaries and wages | $2,486,799 |
| Pension plans, employee benefits | $593,209 |
| Interest | $0 |
| Taxes | $160,144 |
| Depreciation | $146,904 |
| Occupancy | $99,849 |
| Travel, conferences, and meetings | $1,109 |
| Printing and publications | $0 |
| Other expenses | $1,089,596 |
| Total operating and administrative expenses | $4,801,964 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,801,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,651 |
| Savings and temporary cash investments | $72,425 |
| Net Accounts receivable | $29,670 |
| 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 | $116,822 |
| Net Investments - land, buildings, equipment | $1,107,853 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,261,936 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $351,166 |
| Total assets | $8,343,958 |
| Accounts payable and accrued expenses | $187,776 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $187,776 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ballou Home For The Aged Of Woonsocket Rhode Island has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: FUNDING ADDED SERVICES DUE TO COVID-19 | $30,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: FUNDING ADDED SERVICES DUE TO COVID-19 | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Tockwotton Home East Providence, RI | $58,805,077 | $16,474,278 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Berkshire Retirement Community Inc Pittsfield, MA | $61,644,356 | $15,914,894 |
Ascentria Care Alliance Inc Brighton, MA | $25,108,514 | $14,345,102 |
Elizabeth Seton Residence Inc Wellesley Hills, MA | $5,370,096 | $14,190,879 |
Pomperaug Woods Inc Southbury, CT | $21,221,148 | $10,901,688 |
Mcauley Center Inc West Hartford, CT | $44,468,492 | $11,678,384 |
Stone Institute And Newton Home For Aged People Newton, MA | $11,360,099 | $12,841,401 |
Home For Aged Women Inc Brookline, MA | $69,014,213 | $13,592,277 |
The Bradley Home Meriden, CT | $29,520,019 | $7,057,563 |
Chestnut Hill Benevolent Assoc Chestnut Hill, MA | $47,006,612 | $9,612,021 |