Neighborhealth Corporation
- Assets
- $179.2m
- Revenue
- $250.6m
- Investments
- $0.0
- Employees
- 1,515
- Location
- East Boston, MA
- Founding
- 02/1975
- Data as of
- 09/2023
- EIN
- 23-7425849
Organization Overview
Neighborhealth Corporation is located in East Boston, MA. The organization was established in 1975. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2023, Neighborhealth Corporation employed 1,515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhealth Corporation 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, Neighborhealth Corporation generated $250.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $241.7m during the year ending 09/2023. While expenses have increased by 7.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHEALTH'S MISSION IS TO PROMOTE AND SUSTAIN HEALTHY COMMUNITIES, FAMILIES, AND INDIVIDUALS BY PROVIDING ACCESSIBLE, PERSON-CENTERED, AND COMPASSIONATE, HIGH-QUALITY HEALTH CARE SERVICES TO ALL WHO LIVE AND WORK IN OUR SERVICE AREA, REGARDLESS OF ABILITY TO PAY, WHILE UPHOLDING DIVERSITY, EQUITY, AND INCLUSION AT THE CORE OF ALL THAT WE DO.
Describe the Organization's Program Activity:
IN FISCAL YEAR 2023 THE NEIGHBORHEALTH CORP. CONTINUED ITS MISSION TO PROVIDE EASILY ACCESSIBLE, PERSONALIZED, HIGH QUALITY, AFFORDABLE CARE THAT IS SENSITIVE TO THE NEEDS OF EACH INDIVIDUAL WHO LIVES OR WORKS IN THE COMMUNITIES WE SERVE REGARDLESS OF THE ABILITY TO PAY. THE CENTER HAD 374,404 PATIENT VISITS DURING THE YEAR ENDING SEPTEMBER 30, 2023.
NEIGHBORHEALTH PACE PROGRAM AND THE LONG TERM CARE PHARMACY, CONTINUED TO PROVIDE ALL INCLUSIVE CARE FOR THE ELDERLY DURING THE YEAR, THE ORGANIZATION PROVIDED DIRECT CARE FOR 9,002 MEMBER MONTHS FOR ITS PACE PARTICPANTS FOR THE PERIOD ENDING SEPTEMBER 30, 2023
THE PHARMACY PROVIDES ONSITE PRESCRIPTION MEDICATION. NEIGHBORHEALTH PATIENTS ARE ABLE TO PURCHASE PRESCRIPTIONS AT SELECT 340B PHARMAMACY LOCATIONS IN THE AREA SUCH AS CVS, WALGREENS, AND RITE AID. DURING THE PERIOD ENDING SEPTEMBER 30, 2023, THE ORGANIZATION FILLED 552,409 PRESCRIPTIONS FOR ITS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Wilmot President & CEO | Officer | 39 | $544,989 |
Dr Jackie Fantes Chief Medical Officer | Officer | 40 | $453,347 |
James Hazard Chief Financial Officer | Officer | 39 | $441,566 |
Dr James Pedulla Medical Director/ Pace | 40 | $281,656 | |
Jeffrey Shuster VP Of Clinical Operations | 40 | $280,930 | |
Dr Karin Leschly Vp/chief Quality Offcer | 40 | $297,519 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluewater Emergency Partners Llc Medical Services | 9/29/23 | $5,457,470 |
Bu Family Medicine Medical Services | 9/29/23 | $1,661,856 |
Maxim Healthcare Services Holdings Inc Medical Services | 9/29/23 | $1,789,839 |
Epic Systems Corporation It Consultants | 9/29/23 | $2,470,310 |
Mcgarr Service Corp Cleaning Services | 9/29/23 | $1,477,157 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $166,839 |
| Related organizations | $0 |
| Government grants | $34,112,252 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,695,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,974,154 |
| Total Program Service Revenue | $192,296,467 |
| Investment income | $1,563,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $281,933 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$55,874 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,600,564 |
| 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. | $1,598,875 |
| Compensation of current officers, directors, key employees. | $1,598,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,073,490 |
| Pension plan accruals and contributions | $2,119,728 |
| Other employee benefits | $11,397,040 |
| Payroll taxes | $6,792,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $939,826 |
| Fees for services: Accounting | $140,296 |
| Fees for services: Lobbying | $85,275 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,399 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $709,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,337,096 |
| Travel | $2,981,319 |
| 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 | $5,444,775 |
| Insurance | $829,691 |
| All other expenses | $0 |
| Total functional expenses | $241,749,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,729,147 |
| Savings and temporary cash investments | $29,789,716 |
| Pledges and grants receivable | $3,816,712 |
| Accounts receivable, net | $11,550,933 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,293,499 |
| Inventories for sale or use | $1,265,814 |
| Prepaid expenses and deferred charges | $4,014,741 |
| Net Land, buildings, and equipment | $75,763,875 |
| Investments—publicly traded securities | $18,090,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,868,239 |
| Total assets | $179,183,052 |
| Accounts payable and accrued expenses | $28,559,306 |
| Grants payable | $0 |
| Deferred revenue | $3,925,368 |
| Tax-exempt bond liabilities | $12,898,125 |
| Escrow or custodial account liability | $0 |
| 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 | $14,594,827 |
| Total liabilities | $59,977,626 |
| Net assets without donor restrictions | $110,558,380 |
| Net assets with donor restrictions | $8,647,046 |
| 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 | $179,183,052 |