Masonicare Health Center
- Assets
- $30.3m
- Revenue
- $51.3m
- Investments
- $0.0
- Employees
- 1,053
- Location
- Wallingford, CT
- Founding
- 03/1943
- Data as of
- 09/2021
- EIN
- 06-0655131
Organization Overview
Masonicare Health Center is located in Wallingford, CT. The organization was established in 1943. 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. As of 09/2021, Masonicare Health Center employed 1,053 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonicare Health Center 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 09/2021, Masonicare Health Center generated $51.3m 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 (4.2%) each year. All expenses for the organization totaled $55.5m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. 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 MISSION OF MASONICARE HEALTH CENTER IS TO PROVIDE COMPREHENSIVE MEDICAL SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASONICARE HEALTH CENTER IS A MULTI-LEVEL CARE FACILITY. MASONICARE HEALTH CENTER PROVIDES SERVICES IN THE FOLLOWING AREAS: SKILLED NURSING CARE (LONG-TERM CARE INCLUDING MEMORY CARE AND REHABILITATION CARE), GERIATRIC MEDICAL PSYCHIATRIC HOSPITAL SERVICES AND ASSISTED LIVING AND INDEPENDENT LIVING APARTMENTS. DURING 2021, THE FACILITY'S SERVICES WERE UTILIZED AS FOLLOWS: SKILLED NURSING, 357 LICENSED BEDS AT 62.9% OCCUPANCY; GERIATRIC MEDICAL PSYCHIATRIC CARE, 29 LICENSED BEDS AT 85.2% OCCUPANCY; ASSISTED LIVING, 86 APARTMENTS AT 84.3% OCCUPANCY; AND INDEPENDENT LIVING, 93 APARTMENTS AT 88.8% OCCUPANCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former CFO And Assistant Treasurer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Haven Medical Group Physician Services | 9/29/21 | $1,004,313 |
Diamond Healthcare Corp Medical Consulting Services | 9/29/21 | $627,661 |
Morrison Management Specialists Food Service | 9/29/21 | $602,000 |
Healthpro Heritage Therapy Services | 9/29/21 | $423,758 |
Quest Diagnostics Llc Laboratory Services | 9/29/21 | $333,106 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $665,702 |
| Government grants | $867,583 |
| 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 | $1,533,285 |
| Total Program Service Revenue | $49,435,178 |
| Investment income | $2,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $143,501 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,314,223 |
| 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. | $302,278 |
| Compensation of current officers, directors, key employees. | $302,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,135,388 |
| Pension plan accruals and contributions | $2,188,091 |
| Other employee benefits | $4,382,093 |
| Payroll taxes | $2,399,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135,151 |
| Fees for services: Accounting | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,914,575 |
| Advertising and promotion | $32,298 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,623,499 |
| Travel | $2,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,870 |
| Interest | $795,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000,969 |
| Insurance | $554,642 |
| All other expenses | $869,872 |
| Total functional expenses | $55,513,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,005 |
| Prepaid expenses and deferred charges | $257,395 |
| Net Land, buildings, and equipment | $20,809,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,715,790 |
| Total assets | $30,328,856 |
| Accounts payable and accrued expenses | $5,787,187 |
| Grants payable | $0 |
| Deferred revenue | $818,985 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $511,032 |
| 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 | $1,738,276 |
| Total liabilities | $8,855,480 |
| Net assets without donor restrictions | $21,473,376 |
| 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 | $30,328,856 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masonicare Health Center has recieved totaling $9,118.
| Awarding Organization | Amount |
|---|---|
Charles W Nichols Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $9,118 |
Endowment Analysis
| Beg. Balance | $84,884,852 |
| Earnings | $3,659,627 |
| Net Contributions | $457,427 |
| Other Expense | $327,375 |
| Grants | $192,064 |
| Ending Balance | $88,482,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Newbridge On The Charles Inc Boston, MA | $302,355,064 | $54,466,975 |
Old Colony Elder Services Inc Brockton, MA | $21,708,151 | $57,499,133 |
Masonicare Health Center Wallingford, CT | $30,328,856 | $51,314,223 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
North Hill Needham Inc Needham, MA | $218,215,357 | $46,801,004 |
Church Home Of Hartford Bloomfield, CT | $129,665,157 | $38,203,395 |
Church Homes Inc Congregational Hartford, CT | $66,814,716 | $47,094,677 |
Carleton Willard Homes Inc Bedford, MA | $84,483,009 | $38,647,048 |
The Gerry Homes Gerry, NY | $84,710,797 | $32,122,668 |
Fallon Health Weinberg Inc Getzville, NY | $39,412,564 | $35,899,883 |