Overlook Masonic Health Center Inc
- Assets
- $144.8m
- Revenue
- $29.5m
- Investments
- $20.3m
- Employees
- 428
- Location
- Charlton, MA
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 22-2843194
Organization Overview
Overlook Masonic Health Center Inc is located in Charlton, MA. The organization was established in 1988. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Overlook Masonic Health Center Inc employed 428 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlook Masonic Health Center 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 12/2022, Overlook Masonic Health Center Inc generated $29.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $30.3m during the year ending 12/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF LONG-TERM RESIDENTIAL AND REHABILITATIVE CARE TO RESIDENTS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A LONG-TERM CARE FACILITY IN CHARLTON, MA. TOTAL PATIENT DAYS OF CARE FOR 2022 TOTALED 38,021. OPERATION OF A POST ACUTE FACILITY IN CHARLTON, MA. TOTAL PATIENT CARE DAYS FOR 2022 TOTALED 5,424. OPERATION OF A RESIDENTIAL ENHANCED LIVING FACILITY IN CHARLTON, MA. TOTAL PATIENT CARE DAYS FOR 2022 TOTALED 9,408. OPERATION OF A MEMORY CARE RESIDENTIAL UNIT AND ADULT DAY CARE MEMORY PROGRAM FACILITY IN CHARLTON, MA. FIELDSTONE MEMORY CARE RESIDENTIAL UNIT TOTAL PATIENT CARE DAYS TOTALED 4,992. VISTA ADULT DAY PROGRAM TOTALED 1,989 DAYS OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Maggio Grand Master | Trustee | 0.15 | $0 |
Kenneth Blake Mhs Board Chair | Trustee | 0.15 | $0 |
Mason Russell Grand Treasurer | Trustee | 0.15 | $0 |
Robert Jolly Chair | OfficerTrustee | 0.15 | $0 |
Jack Mulhall Vice Chair | OfficerTrustee | 0.15 | $0 |
James Tracy Treasurer | OfficerTrustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Therapy Solutions Therapy | 12/30/22 | $896,197 |
Pro Ems Solutions Inc Covid Testing, Lab Processing, And Repor | 12/30/22 | $421,155 |
Custom Computer Specialists Inc It Support | 12/30/22 | $332,868 |
Professional Nurses Health Services Inc Agency Nurses | 12/30/22 | $312,803 |
Blackstone Valley Homecare Specialists I Agency Nurses | 12/30/22 | $294,185 |
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 | $710,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,568 |
| Total Program Service Revenue | $24,911,681 |
| Investment income | $105,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $304,200 |
| Net Gain/Loss on Asset Sales | $1,093,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,481,708 |
| 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. | $1,238,517 |
| Compensation of current officers, directors, key employees. | $1,238,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,192,752 |
| Pension plan accruals and contributions | $256,074 |
| Other employee benefits | $1,477,620 |
| Payroll taxes | $1,228,881 |
| Fees for services: Management | $1,859,563 |
| Fees for services: Legal | $68,042 |
| Fees for services: Accounting | $75,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,866 |
| Fees for services: Other | $2,513,341 |
| Advertising and promotion | $164,043 |
| Office expenses | $1,814,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,030,194 |
| Travel | $15,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,838 |
| Interest | $56,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,382,259 |
| Insurance | $471,360 |
| All other expenses | $121,738 |
| Total functional expenses | $30,295,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $948,226 |
| 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 | $239,608 |
| Net Land, buildings, and equipment | $16,689,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,321,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,421,701 |
| Total assets | $144,756,884 |
| Accounts payable and accrued expenses | $3,131,549 |
| 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 | $963,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,119,433 |
| Total liabilities | $13,214,174 |
| Net assets without donor restrictions | $117,031,994 |
| Net assets with donor restrictions | $14,510,716 |
| 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 | $144,756,884 |
Grants Awarded
Over the last fiscal year, Overlook Masonic Health Center Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SALEM COMMUNITY CORPBRIARWOOD PURPOSE: ASSIST IN THE CHARITABLE MISSION OF THE ORGANIZATION | $5,000 |
HARRINGTON MEMORIAL HOSPITAL PURPOSE: ASSIST IN THE CHARITABLE MISSION OF THE ORGANIZATION | $10,000 |