Mary Ann Morse Healthcare Corp
- Assets
- $36.6m
- Revenue
- $26.8m
- Investments
- $0.0
- Employees
- 476
- Location
- Framingham, MA
- Founding
- 10/1990
- Data as of
- 12/2022
- EIN
- 22-3064323
Organization Overview
Mary Ann Morse Healthcare Corp is located in Framingham, MA. The organization was established in 1990. 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, Mary Ann Morse Healthcare Corp employed 476 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Ann Morse Healthcare Corp 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, Mary Ann Morse Healthcare Corp generated $26.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $26.4m during the year ending 12/2022. While expenses have increased by 3.8% 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
MARY ANN MORSE HEALTHCARE CORP. IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED IN 1990 TO PROVIDE HIGH QUALITY, AFFORDABLE SENIOR LIVING, HEALTHCARE, AND HOME CARE SERVICES TO SENIORS AND THEIR FAMILIES IN METRO WEST BOSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARY ANN MORSE HEALTHCARE CENTER: A 124-BED FACILITY PROVIDING SKILLED LONG TERM CARE, LONG TERM DEMENTIA CARE, AND SHORT TERM SUB-ACUTE SERVICES. MARY ANN MORSE NURSING & REHAB CENTER IS CERTIFIED BY THE JOINT COMMISSION FOR THE ACCREDITATION OF HEALTHCARE ORGANIZATIONS. MARY ANN MORSE HEALTHCARE CENTER RANKS IN THE TOP 20% OF SKILLED NURSING FACILITIES IN MASSACHUSETTS BY THE DEPARTMENT OF PUBLIC HEALTH AND IS A 5 STAR FACILITY AS MEASURED BY CMS.
MARY ANN MORSE AT NEW HORIZONS:MARY ANN MORSE AT NEW HORIZONS PROVIDES CLINICAL SERVICES TO THE NEW HORIZON COMMUNITY RESIDENTS.
MARY ANN MORSE AT HERITAGE:INDEPENDENT AND TRADITIONAL ASSISTED LIVING SERVICES TO RESIDENTS IN 58 APARTMENT UNITS, AND PROVIDES MEMORY CARE OR MENTAL HEALTH SERVICES IN A SECURE ENVIRONMENT TO RESIDENTS IN 40 UNITS. A LARGE MULTI-PURPOSE ROOM ALLOWS FOR JOINT ACTIVITIES PROGRAMS ATTENDED BY ALL OF THE COMMUNITY'S RESIDENTS, INCREASING THE QUALITY OF LIFE FOR ALL RESIDENTS. HERITAGE HAS A LARGE BUS AND A SMALL BUS, WHICH PROVIDES TRANSPORTATION FOR RESIDENTS TO OFFSITE ACTIVITIES.
MARY ANN MORSE HOMECARE:MARY ANN MORSE HOMECARE PROVIDES PRIVATE-DUTY AND CERTIFIED HOMECARE SERVICES TO THE SURROUNDING COMMUNITY. HOMECARE PROVIDED APPROXIMATELY 31,481 HOURS IN 2022 IN PRIVATE DUTY SERVICES AND APPROXIMATELY 1,800 VISITS IN HOMECARE CERTIFIED SERVICES. IN 2022 PRIVATE DUTY HOURS WAS APPROXIMATELY 31,000 HOURS AND FOR CERTIFIED SERVICES APPROXIMATELY 3,700 VISITS FOR AN AVERAGE CENSUS OF 29.9.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Calcio Board Chair | OfficerTrustee | 2 | $0 |
Rebecca Heffernan Board Vice Chair | OfficerTrustee | 2 | $0 |
Frank Jenkins Treasurer | OfficerTrustee | 2 | $0 |
Allan Mclean Clerk | OfficerTrustee | 2 | $0 |
David Upton Board Trustee | Trustee | 2 | $0 |
Barnet Sherman Board Trustee (until 4/2022) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carr Enterprises Ltd Construction At Haf | 12/30/22 | $161,552 |
Pro Ems Solutions Inc Covid Testing Services | 12/30/22 | $177,435 |
Expert Staffing Llc Contract Nursing | 12/30/22 | $142,488 |
Radius Executive It Solutions Llc It Consulting | 12/30/22 | $120,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,044 |
| Related organizations | $0 |
| Government grants | $2,478,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,515,861 |
| Total Program Service Revenue | $23,088,527 |
| Investment income | $267,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $915,462 |
| Net Income from Fundraising Events | -$4,361 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,782,643 |
| 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. | $774,896 |
| Compensation of current officers, directors, key employees. | $774,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,131,460 |
| Pension plan accruals and contributions | $63,470 |
| Other employee benefits | $1,323,613 |
| Payroll taxes | $1,231,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,390 |
| Fees for services: Accounting | $76,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,891 |
| Fees for services: Other | $1,103,865 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,333,733 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,292,682 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,367,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,397 |
| Savings and temporary cash investments | $786,290 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,933,654 |
| 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 | $929,766 |
| Net Land, buildings, and equipment | $17,825,649 |
| Investments—publicly traded securities | $12,481,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $484,962 |
| Total assets | $36,569,124 |
| Accounts payable and accrued expenses | $3,578,811 |
| Grants payable | $0 |
| Deferred revenue | $373,802 |
| Tax-exempt bond liabilities | $14,937,822 |
| Escrow or custodial account liability | $528,969 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,819,404 |
| Net assets without donor restrictions | $16,749,720 |
| 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 | $36,569,124 |