Masonicare At Ashlar Village Inc
- Assets
- $125.0m
- Revenue
- $29.6m
- Investments
- $0.0
- Employees
- 251
- Location
- Wallingford, CT
- Founding
- 07/1982
- Data as of
- 09/2021
- EIN
- 06-1050830
Organization Overview
Masonicare At Ashlar Village Inc is located in Wallingford, CT. The organization was established in 1982. 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 At Ashlar Village Inc employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonicare At Ashlar 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 09/2021, Masonicare At Ashlar Village Inc generated $29.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $24.4m during the year ending 09/2021. 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
CONTINUING CARE RETIREMENT COMMUNITY, PROVIDING BOTH INDEPENDENT AND ASSISTED LIVING TO PEOPLE AGED 55 AND OVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASONICARE AT ASHLAR VILLAGE IS A CONTINUING CARE RETIREMENT AND ASSISTED LIVING COMMUNITY. THE RETIREMENT COMMUNITY CONSISTS OF 243 APARTMENTS, 72 COTTAGES AND 40 VILLAS. THE OCCUPANCY PERCENTAGE FOR THE FISCAL YEAR ENDING SEPTEMBER 2021 WAS 92.1%. THE ASSISTED LIVING FACILITY (POND RIDGE) CONSISTS OF 134 UNITS. THE OCCUPANCY PERCENTAGE FOR THE FISCAL YEAR ENDING SEPTEMBER 2021 WAS 66.4%. MASONICARE AT ASHLAR VILLAGE PROVIDES HEALTHCARE SERVICES WHICH PROMOTE HEALTH, WELLNESS AND A HIGH QUALITY OF LIFE FOR ALL RESIDENTS IN AN INDEPENDENT AND/OR ASSISTED LIVING ENVIRONMENT.
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 Former CFO And Assistant Treasurer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abr Construction Inc Construction | 9/29/21 | $1,160,720 |
Heritage Floor Covering Company Flooring Contractor | 9/29/21 | $490,615 |
Precision Landscaping Landscape Contractor | 9/29/21 | $341,942 |
Genesys Diagnostics Inc Covid Testing | 9/29/21 | $328,500 |
Zr Coop Services Llc Painting Contractor | 9/29/21 | $172,045 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $146,187 |
| Government grants | $1,254,689 |
| 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 | $1,400,876 |
| Total Program Service Revenue | $26,081,271 |
| Investment income | $1,374,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,771 |
| Net Gain/Loss on Asset Sales | $220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,568,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,792 |
| Grants and other assistance to domestic individuals. | $20,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $283,066 |
| Compensation of current officers, directors, key employees. | $283,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,487,237 |
| Pension plan accruals and contributions | $311,962 |
| Other employee benefits | $1,021,173 |
| Payroll taxes | $418,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,429 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,213,096 |
| Advertising and promotion | $357,319 |
| Office expenses | $32,179 |
| Information technology | $287,872 |
| Royalties | $0 |
| Occupancy | $1,649,449 |
| Travel | $5,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,372 |
| Interest | $3,714,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,806,521 |
| Insurance | $396,278 |
| All other expenses | $1,218,814 |
| Total functional expenses | $24,366,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,210 |
| Savings and temporary cash investments | $765,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $578,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,956 |
| Prepaid expenses and deferred charges | $123,405 |
| Net Land, buildings, and equipment | $69,066,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $25,593,500 |
| Intangible assets | $0 |
| Other assets | $28,845,670 |
| Total assets | $124,995,014 |
| Accounts payable and accrued expenses | $2,181,712 |
| Grants payable | $0 |
| Deferred revenue | $37,752,211 |
| 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 | $25,593,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,468,088 |
| Total liabilities | $66,995,761 |
| Net assets without donor restrictions | $57,999,253 |
| 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 | $124,995,014 |
Grants Awarded
Over the last fiscal year, Masonicare At Ashlar Village Inc has awarded $33,293 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wallingford, CT PURPOSE: Donation | $28,093 |
TOWN OF WALLINGFORD FIRE SERV PURPOSE: Donation | $5,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masonicare At Ashlar Village Inc has recieved totaling $146,187.
| Awarding Organization | Amount |
|---|---|
The Masonic Charity Foundation Of Connecticut Inc Wallingford, CT PURPOSE: RENT SUPPORT | $146,187 |
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 |
|---|---|---|
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 |
Peconic Landing At Southold Inc Greenport, NY | $144,140,145 | $36,575,086 |
Michigan Automobile Insurance Placement Facility Johnston, RI | $95,743,135 | $26,699,927 |
Symmes Life Care Inc Lexington, MA | $195,262,615 | $31,035,434 |
Whitney Center Inc Hamden, CT | $108,082,028 | $31,737,893 |
Duncaster Incorporated Bloomfield, CT | $74,918,312 | $31,476,846 |