Holyoke Retirement Community Inc

Organization Overview

Holyoke Retirement Community Inc is located in Pittsfield, MA. The organization was established in 2017. 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, Holyoke Retirement Community Inc employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holyoke Retirement Community 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, Holyoke Retirement Community Inc generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 47.6% each year . All expenses for the organization totaled $12.6m during the year ending 12/2021. While expenses have increased by 47.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SKILLED NURSING FACILITY AND RESIDENTIAL UNITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS CORPORATION WAS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES TO ACQUIRE, ESTABLISH, MAINTAIN AND OPERATE SKILLED NURSING AND EXTENDED CARE FACILITIES AND RENDER RELATED SERVICES TO RESIDENTS WHO ARE SUPPORTED BY THE MEDICAID AND MEDICARE PROGRAMS AS WELL AS BY PRIVATE FUNDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Berkshire Health Systems Inc
Management Fees
$138,958
Favorite Healthcare Staffing Inc
Nursing Staffing
$1,304,182
Integrinurse Inc
Nursing Registry
$108,197
Intelycare Inc
Nursing Staffing
$121,852
First Choice Staffing Services
Nursing Staffing
$135,177
View All Vendors

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$11,237,633
Investment income $533
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 $13,296,777

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