Armenian Womens Welfare Association Inc
- Assets
- $24.3m
- Revenue
- $566.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Jamaica Plain, MA
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 30-0254355
Organization Overview
Armenian Womens Welfare Association Inc is located in Jamaica Plain, MA. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Womens Welfare Association 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 12/2021, Armenian Womens Welfare Association Inc generated $566.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $495.7k during the year ending 12/2021. 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
TO PROVIDE FINANCIAL AND PROGRAM SUPPORT TO THE ARMENIAN NURSING AND REHABILITATION CENTER, INC., A NON-PROFIT LONG-TERM CARE AND SHORT-TERM REHAB FACILITY AND OTHER QUALIFIED CHARITABLE ORGANIZATIONS WITH A RELATED PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1915, THE ARMENIAN WOMEN'S WELFARE ASSOCIATION (AWWA) IS A NON-PROFIT MEMBERSHIP ORGANIZATION WHICH IS THE SOLE CORPORATE MEMBER OF THE ARMENIAN NURSING AND REHABILITATION CENTER (ANRC), AN 83-BED SKILLED NURSING AND REHABILITATION CENTER, LOCATED IN THE JAMAICA PLAIN NEIGHBORHOOD OF BOSTON. IT HAS ACHIEVED AN OVERALL 5-STAR QUALITY RATING FROM THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) FOR MANY YEARS. IT ALSO FULLY SPONSORS THE HANGANAK ELDER CARE PROGRAM AND CLINIC, A NONGOVERNMENTAL ORGANIZATION ("NGO") IN STEPANAKERT AND ASKERAN, REPUBLIC OF ARTSAKH. THE PROGRAM PROVIDES MEDICINE AND SOCIAL SERVICES, AND FOOD AND FUEL SUPPORT, AS WELL AS VISITING NURSE SERVICES FOR NON-AMBULATORY INDIVIDUALS. THIS PROGRAM ASSISTS OVER 300 ELDERLY PEOPLE LIVING ALONE IN THE REGION OF ARTSAKH. THE EFFORT TO REACH THE NEEDIEST INDIVIDUALS CONTINUES DESPITE THE AZERBAIJAN-ARTSAKH WAR IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Mensoian President | OfficerTrustee | 2.5 | $0 |
Lynne Janjigian Nee Treasurer | OfficerTrustee | 3 | $0 |
Seta Nersessian Vice President | OfficerTrustee | 8 | $0 |
Susan Deranian Clerk | OfficerTrustee | 11 | $0 |
Athena Yerganian Director (as Of 9/21) | Trustee | 1 | $0 |
Margaret Kiladjian Director (as Of 3/21) | Trustee | 7 | $0 |
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 | $8,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,460 |
| Total Program Service Revenue | $0 |
| Investment income | $499,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,055 |
| 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 | $103,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,785 |
| Payroll taxes | $3,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,658 |
| Fees for services: Accounting | $29,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,412 |
| Fees for services: Other | $26,000 |
| Advertising and promotion | $30,151 |
| Office expenses | $13,235 |
| Information technology | $62,100 |
| Royalties | $0 |
| Occupancy | $1,275 |
| 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 | $2,051 |
| Insurance | $9,575 |
| All other expenses | $0 |
| Total functional expenses | $495,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,127 |
| Savings and temporary cash investments | $429,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $34,310 |
| Investments—publicly traded securities | $23,739,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,290,028 |
| Accounts payable and accrued expenses | $5,350 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $204,922 |
| Total liabilities | $210,272 |
| Net assets without donor restrictions | $23,993,508 |
| Net assets with donor restrictions | $86,248 |
| 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 | $24,290,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Armenian Womens Welfare Association Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
John Mirak Foundation Arlington, MA PURPOSE: GENERAL PURPOSE | $500 |
Endowment Analysis
| Beg. Balance | $86,248 |
| Ending Balance | $86,248 |
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