Mercy Life Inc
- Assets
- $11.1m
- Revenue
- $24.5m
- Investments
- $4.4m
- Employees
- 0
- Location
- West Springfield, MA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 45-3086711
Organization Overview
Mercy Life Inc is located in West Springfield, MA. The organization was established in 1946. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Life 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 06/2022, Mercy Life Inc generated $24.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $18.0m during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 7 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
TO PROVIDE HEALTH CARE SERVICES FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY LIFE IS A NEW HEALTH CARE CHOICE FOR SENIORS LIVING IN WESTERN MASSACHUSETTS. MERCY LIFE IS A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE). THIS UNIQUE MODEL OF CARE SERVES FRAIL ELDERS WHO ARE ELIGIBLE FOR NURSING-HOME-LEVEL CARE BY PROVIDING COMPREHENSIVE SERVICES THAT ALLOW THEM TO REMAIN HEALTHY, SAFE AND INDEPENDENT AT HOME.THE LIFE CENTER, AN INTEGRAL PART OF THE PROGRAM, OFFERS A FULL MEDICAL CLINIC AND ADULT DAY CENTER IN ONE FACILITY WHERE PARTICIPANTS CAN RECEIVE HEALTH CARE AND SOCIAL ENGAGEMENT IN A SAFE, COMFORTABLE AND STIMULATING ENVIRONMENT. THE TEAM OF DOCTORS, NURSES, PHYSICAL THERAPISTS, HOME HEALTH AIDES, AND OTHER HEALTH CARE PROFESSIONALS PROVIDE QUICK RESPONSES TO PARTICIPANTS' CHANGING NEEDS AND MORE FLEXIBILITY IN DOING WHAT IS NECESSARY TO KEEP THEM SAFE AT HOME.FOR MORE INFORMATION, PLEASE VISIT WWW.MYMERCYLIFE.COM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Capasso Director; Trinity Evp Cont Care | Trustee | 1 | $0 |
Thomas Robert Former Officer; Sphp Vp, CFO & Treas | 0 | $0 | |
Daniel Drake Director; President & CEO | OfficerTrustee | 1 | $0 |
Mark Mcpherson Treasurer Thr 3/22; Thhs Pres & CEO | Officer | 1 | $0 |
Karen Nichols Chief Medical Officer | Officer | 1 | $0 |
Mandi Murray Secretary; Trinity VP Managing Cnsl | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pharmastar Llc Pharmacy Benefit Manager | 6/29/22 | $2,763,435 |
Mercy Medical Center Health Care Services | 6/29/22 | $1,537,114 |
Bear Mt West Springfield Llc Health Care Services | 6/29/22 | $766,397 |
Hillside At Providence Inc Dining And Other Services | 6/29/22 | $622,496 |
Baystate Medical Center Inc Health Care Services | 6/29/22 | $314,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $558,297 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $577,797 |
| Total Program Service Revenue | $23,562,554 |
| Investment income | $294,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $111,589 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,547,360 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,983,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $778,373 |
| Payroll taxes | $393,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $102,673 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,491 |
| Fees for services: Other | $9,572,001 |
| Advertising and promotion | $122,352 |
| Office expenses | $67,048 |
| Information technology | $239,318 |
| Royalties | $0 |
| Occupancy | $125,256 |
| Travel | $260,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,098 |
| Insurance | $35,496 |
| All other expenses | $0 |
| Total functional expenses | $17,999,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,345 |
| 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 | $35,683 |
| Net Land, buildings, and equipment | $8,808 |
| Investments—publicly traded securities | $6,576,857 |
| Investments—other securities | $4,384,571 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,060 |
| Total assets | $11,141,324 |
| Accounts payable and accrued expenses | $4,436,790 |
| Grants payable | $0 |
| Deferred revenue | $310,039 |
| 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 | $966,385 |
| Total liabilities | $5,713,214 |
| Net assets without donor restrictions | $5,428,110 |
| 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 | $11,141,324 |