Mason Wright Senior Living Inc
- Assets
- $6.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 100
- Location
- Springfield, MA
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-1890506
Organization Overview
Mason Wright Senior Living Inc is located in Springfield, MA. The organization was established in 2015. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Mason Wright Senior Living Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason Wright Senior Living 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, Mason Wright Senior Living Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 31.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING & DAILY LIVING SERVICES TO SUPPORT THE DIGNITY & INDEPENDENCE OF SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING - OUR ASSISTED LIVING RESIDENCE CONSISTS OF ONE-BEDROOM AND STUDIO APARTMENTS, ALL WITH PRIVATE BATHS. RESIDENTS CAN ENJOY LIFE IN THE PRIVACY OF THEIR ROOMS, NEWLY RENOVATED COMMON AREAS, IN OUR COMFORTABLE, FIRE-PLACED LIVING AND DINING ROOMS, OR IN OUR FOUR-SEASONS ROOM. SERVICES INCLUDE PROFESSIONALLY-PREPARED MEALS, HOUSEKEEPING, AND LAUNDRY SERVICES, SOCIAL ACTIVITIES, PERSONAL CARE ASSISTANCE, A FULL-TIME NURSE, AND MEDICAL MANAGEMENT.
INDEPENDENT LIVING - SENIORS WHO ARE ABLE TO LIVE INDEPENDENTLY ENJOY THE COMFORT, SECURITY, AND SERVICES OF OUR SPACIOUS INDEPENDENT LIVING APARTMENTS. SERVICES INCLUDE UTILITIES, CARPETED LIVING AND TILED BATH/KITCHEN AREAS, A FULL KITCHEN, WASHER AND DRYER, OUTDOOR PATIO, UNDERGROUND PARKING, AND ACCESS TO THE ASSISTED LIVING'S COMMON AREAS AND FOUR-SEASONS ROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Popp Ms President & CEO | OfficerTrustee | 15 | $0 |
John Morse Chair | OfficerTrustee | 1 | $0 |
Paul Marchese Vice Chair | OfficerTrustee | 1 | $0 |
Allison Ebner Secretary | OfficerTrustee | 1 | $0 |
Jeff Sattler Treasurer | OfficerTrustee | 1 | $0 |
Pat Grenier Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glendale Senior Dining Dining Services | 12/30/21 | $602,878 |
Mason Wright Foundation Inc Management Services | 12/30/21 | $341,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,603 |
| Total Program Service Revenue | $3,911,440 |
| Investment income | $89 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,913,132 |
| 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 | $1,530,361 |
| Pension plan accruals and contributions | $15,269 |
| Other employee benefits | $94,112 |
| Payroll taxes | $163,128 |
| Fees for services: Management | $341,695 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,339 |
| Advertising and promotion | $15,259 |
| Office expenses | $110,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $574,397 |
| Travel | $2,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $126,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $659,335 |
| Insurance | $167,913 |
| All other expenses | $0 |
| Total functional expenses | $4,616,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,029 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,553 |
| 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 | $48,355 |
| Net Land, buildings, and equipment | $5,269,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $185,111 |
| Total assets | $5,989,907 |
| Accounts payable and accrued expenses | $536,776 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,883,568 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $387,890 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $464,331 |
| Total liabilities | $4,272,565 |
| Net assets without donor restrictions | $1,717,342 |
| 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 | $5,989,907 |
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