Central Vermont Home Health & Hospice Inc
- Assets
- $29.1m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 214
- Location
- Barre, VT
- Founding
- 05/1952
- Data as of
- 12/2021
- EIN
- 03-0186089
Organization Overview
Central Vermont Home Health & Hospice Inc is located in Barre, VT. The organization was established in 1952. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Central Vermont Home Health & Hospice Inc employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Vermont Home Health & Hospice 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, Central Vermont Home Health & Hospice Inc generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $15.1m during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMPREHENSIVE, HIGH QUALITY HOME HEALTH AND HOSPICE CARE TO ALL CENTRAL VERMONTERS, REGARDLESS OF THEIR ABILITY TO PAY. IN ADDITION, THE AGENCY PROMOTES THE GENERAL WELFARE OF THE CITIZENS OF CENTRAL VERMONT WITH HEALTH PROMOTION AND LONG TERM CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMECARE SERVICES-PROVIDES HOME HEALTH CARE, HOSPICE AND COMMUNITY HEALTH SERVICES TO COMMUNITIES IN CENTRAL VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Rousse CEO | OfficerTrustee | 40 | $197,842 |
Kimberley Lague COO | 40 | $141,381 | |
Kelly Bishop CFO | Officer | 40 | $136,479 |
Rebecca Bowen Hro | 40 | $124,735 | |
Julia Dalphin Cqo | 40 | $119,272 | |
Jim Budis Hospice Manager | 40 | $107,659 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berrydunn Accounting/outside Consulting | 12/30/21 | $327,674 |
Amn Healthcare Traveling Staff (Rns/pts) | 12/30/21 | $126,304 |
Corecmg Cit Acquisition Lloc Traveling Staff (Rns/pts) | 12/30/21 | $301,592 |
Shs Services Traveling Staff (Rns/pts) | 12/30/21 | $194,685 |
Triage Llc Traveling Staff (Rns/pts) | 12/30/21 | $131,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,365 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,021,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $556,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,584,443 |
| Total Program Service Revenue | $13,955,494 |
| Investment income | $424,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $535,878 |
| Net Income from Fundraising Events | $88,237 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,588,932 |
| 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. | $415,071 |
| Compensation of current officers, directors, key employees. | $415,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,854,758 |
| Pension plan accruals and contributions | $126,065 |
| Other employee benefits | $1,290,077 |
| Payroll taxes | $655,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,487 |
| Fees for services: Accounting | $50,800 |
| Fees for services: Lobbying | $12,965 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,981 |
| Fees for services: Other | $1,772,273 |
| Advertising and promotion | $2,122 |
| Office expenses | $123,322 |
| Information technology | $304,236 |
| Royalties | $0 |
| Occupancy | $157,875 |
| Travel | $273,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,479 |
| Insurance | $79,704 |
| All other expenses | $0 |
| Total functional expenses | $15,089,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,800 |
| Savings and temporary cash investments | $9,729,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,864,988 |
| 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 | $242,926 |
| Net Land, buildings, and equipment | $1,292,140 |
| Investments—publicly traded securities | $15,985,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,117,936 |
| Accounts payable and accrued expenses | $1,187,461 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $584,164 |
| Total liabilities | $1,771,625 |
| Net assets without donor restrictions | $27,279,795 |
| Net assets with donor restrictions | $66,516 |
| 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 | $29,117,936 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Vermont Home Health & Hospice Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Kates Foundation Inc Norwell, MA PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
Gladstone Tipton Foundation Jefferson Hills, PA PURPOSE: CHARITY | $1,000 |
Endowment Analysis
| Beg. Balance | $42,878 |
| Earnings | $3,147 |
| Other Expense | $3,147 |
| Ending Balance | $42,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospice Care Network Woodbury, NY | $95,498,541 | $55,850,359 |
Good Shepherd Hospice Farmingdale, NY | $49,854,120 | $46,464,236 |
Hospice Buffalo Inc Cheektowaga, NY | $15,381,266 | $36,481,567 |
The Community Hospice Inc Albany, NY | $59,812,063 | $39,404,274 |
Hudson Valley Hospice Inc Poughkeepsie, NY | $27,151,093 | $35,557,404 |
Tufts Medicine Care At Home Inc Lawrence, MA | $34,697,054 | $22,121,108 |
Hospice Of The Good Shepherd Inc Newton, MA | $15,111,435 | $18,556,868 |
Vna Care Hospice Inc Worcester, MA | $19,818,375 | $17,813,208 |
Hospice Of Orange & Sullivan Counties Inc Newburgh, NY | $15,508,795 | $17,553,346 |
Niagara Hospice Inc Lockport, NY | $17,396,237 | $19,351,682 |
Central Vermont Home Health & Hospice Inc Barre, VT | $29,117,936 | $18,588,932 |
Old Colony Hospice Inc West Bridgewater, MA | $9,721,380 | $15,166,124 |