Masonicare At Chester Village Inc

Organization Overview

Masonicare At Chester Village Inc is located in Wallingford, CT. The organization was established in 2018. 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 09/2023, Masonicare At Chester Village Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonicare At Chester Village 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, Masonicare At Chester Village Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $7.6m during the year ending 09/2023. While expenses have increased by 8.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CONTINUING CARE RETIREMENT COMMUNITY PROVIDING INDEPENDENT LIVING TO PEOPLE AGED 55 AND OVER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MASONICARE AT CHESTER VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY ACQUIRED ON DECEMBER 21, 2017. THE RETIREMENT COMMUNITY CONSISTS OF 90 APARTMENTS AND 15 COTTAGES. THE OCCUPANCY PERCENTAGE FOR THE FISCAL YEAR ENDING SEPTEMBER 2023 WAS 98.1%. MASONICARE AT CHESTER VILLAGE PROVIDES HEALTHCARE SERVICES WHICH PROMOTE HEALTH, WELLNESS AND A HIGH QUALITY OF LIFE FOR ALL RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary
$0
Name Not Listed
Vice Chairman
$0
Name Not Listed
Treasurer
$0
Name Not Listed
Chairman
$0
Name Not Listed
Director Thru 03/31/23
$0
Name Not Listed
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kone Inc
Elevator Engineers
$193,278
Mariano Building And Remodeling
Building Contractor
$523,173
Precision Landscaping
Landscaping Services
$110,886
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$7,616,781
Investment income $2,833
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 $7,944,887

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