Serenity Care Inc
- Assets
- $15.8m
- Revenue
- $44.2m
- Investments
- $0.0
- Employees
- 71
- Location
- Andover, MA
- Founding
- 09/2007
- Data as of
- 09/2023
- EIN
- 68-0620485
Organization Overview
Serenity Care Inc is located in Andover, MA. The organization was established in 2007. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 09/2023, Serenity Care Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serenity Care 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 09/2023, Serenity Care Inc generated $44.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $44.5m during the year ending 09/2023. While expenses have increased by 26.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADULT DAY CARE AND PROGRAMS OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADULT DAY CARE SERVICES TO ELIGIBLE ELDERS IN A FACILITY CERTIFIED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH IN SPRINGFIELD, MASSACHUSETTS. SERVICES INCLUDE ENTERTAINMENT ACTIVITIES AND STIMULATION, TRANSPORTATION TO AND FROM THE FACILITY AS WELL AS TO AND FROM MEDICAL APPOINTMENTS, AND THE PROVISION OF TWO HOT MEALS AND ONE SNACK PER DAY.
PROVIDE CARE AND SERVICES TO PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) PARTICIPANTS IN THE HOME, THE SURROUNDING COMMUNITY AND THE ADH CENTER WITH FOCUS ON THE INDIVIDUAL PARTICIPANT'S HEALTHCARE NEEDS. THE ORGANIZATION DELIVERED ALL NEEDED MEDICAL AND SUPPORTIVE SERVICES TO OVER 500 PACE ELIGIBLE PARTICIPANTS DURING FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rimma Zelfand Director Serenity Care Pace | Trustee | 40 | $260,148 |
Karen Nunes RN Mdiv Director | Trustee | 0.5 | $0 |
Beverly Jansen Chairman Of The Board | Trustee | 0.5 | $0 |
Michael Orlov MD Director | Trustee | 0.5 | $0 |
Margarita Blanter RN Ms President, Treasurer, Cler | OfficerTrustee | 40 | $207,692 |
Boris Tsirelson Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bay State Medical Center Contracted Medical & Pa | 9/29/22 | $2,849,224 |
Tempus Unlimited Inc Personal Care/home Making Services | 9/29/22 | $1,058,270 |
Vintage Home Care Llc Personal Care/home Making Services | 9/29/22 | $1,934,482 |
Belchertown Heights Alf Lp Personal Care/home Making Services | 9/29/22 | $378,962 |
Baystate Noble Hospital General Hospital | 9/29/22 | $340,181 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,134,348 |
| Investment income | $93,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,235,636 |
| 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. | $1,379,613 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,791,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $328,120 |
| Fees for services: Management | $0 |
| 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 | $210,112 |
| Advertising and promotion | $197,958 |
| Office expenses | $66,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $325,316 |
| 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 | $59,303 |
| Insurance | $73,811 |
| All other expenses | $159,720 |
| Total functional expenses | $44,469,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,963,579 |
| Savings and temporary cash investments | $180,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $517,631 |
| 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 | $1,707,814 |
| Net Land, buildings, and equipment | $184,970 |
| Investments—publicly traded securities | $5,344,350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $899,869 |
| Total assets | $15,798,849 |
| Accounts payable and accrued expenses | $6,356,802 |
| Grants payable | $0 |
| Deferred revenue | $35,212 |
| 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 | $870,349 |
| Total liabilities | $7,262,363 |
| Net assets without donor restrictions | $8,536,486 |
| 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 | $15,798,849 |