Masonicare Health Center
- Assets
- $31.6m
- Revenue
- $56.1m
- Investments
- $0.0
- Employees
- 734
- Location
- Wallingford, CT
- Founding
- 03/1943
- Data as of
- 09/2023
- 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 09/2023, Masonicare Health Center employed 734 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 09/2023, Masonicare Health Center generated $56.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $60.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 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
2023
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 2023, THE FACILITY'S SERVICES WERE UTILIZED AS FOLLOWS: SKILLED NURSING, 260 LICENSED BEDS AT 88.3% OCCUPANCY; GERIATRIC MEDICAL PSYCHIATRIC CARE, 43 LICENSED BEDS AT 91.9% OCCUPANCY; ASSISTED LIVING, 86 APARTMENTS AT 79.1% OCCUPANCY; AND INDEPENDENT LIVING, 93 APARTMENTS AT 96.5% OCCUPANCY.
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 |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director Thru 03/31/23 | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthpro Heritage Therapy Services | 9/29/23 | $2,039,960 |
Intelycare Inc Nursing Services | 9/29/23 | $1,206,031 |
Aaa Nursing Care Llc Nursing Services | 9/29/23 | $676,030 |
Morrison Management Specialists Food Services | 9/29/23 | $635,166 |
Montagno Construction Inc Construction Services | 9/29/23 | $574,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $617,795 |
| Government grants | $0 |
| 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 | $617,795 |
| Total Program Service Revenue | $55,073,143 |
| Investment income | $6,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $193,673 |
| 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 | $56,097,704 |
| 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. | $305,523 |
| Compensation of current officers, directors, key employees. | $305,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,852,418 |
| Pension plan accruals and contributions | $1,854,682 |
| Other employee benefits | $4,686,325 |
| Payroll taxes | $1,895,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $174,614 |
| Fees for services: Accounting | $45,750 |
| Fees for services: Lobbying | $5,844 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,543,275 |
| Advertising and promotion | $41,188 |
| Office expenses | $32,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,023,764 |
| Travel | $469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,005 |
| Interest | $755,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,947,195 |
| Insurance | $559,001 |
| All other expenses | $160,868 |
| Total functional expenses | $60,266,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,151,381 |
| 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 | $228,170 |
| Net Land, buildings, and equipment | $22,616,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $513,694 |
| Total assets | $31,550,601 |
| Accounts payable and accrued expenses | $6,468,362 |
| Grants payable | $0 |
| Deferred revenue | -$4,047 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $349,191 |
| 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 | $1,623,918 |
| Total liabilities | $8,437,424 |
| Net assets without donor restrictions | $23,113,177 |
| 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 | $31,550,601 |