Chelsea Health Center Inc
- Assets
- $1.7m
- Revenue
- $125.3k
- Investments
- $706.2k
- Employees
- 0
- Location
- Chelsea, VT
- Founding
- 11/1954
- Data as of
- 07/2023
- EIN
- 03-0210304
Organization Overview
Chelsea Health Center Inc is located in Chelsea, VT. The organization was established in 1954. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea Health Center 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 07/2023, Chelsea Health Center Inc generated $125.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $95.1k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FACILITIES AND EQUIPMENT FOR THE GENERAL PRACTICE OF MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Rogers Board Of Trustee | 1 | $0 | |
Bob Frenier Board Of Trustee | 1 | $0 | |
Judy Libby Board Of Trustee | 1 | $0 | |
David Savidge President | 2 | $0 | |
Nyra Whipple Board Of Trustee | 1 | $0 | |
Debra Upham Treasurer | 3 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,078 |
| Dividends & Interest | $12,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,454 |
| Capital Gain Net Income | $31,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77,718 |
| Total Revenue | $125,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $22,974 |
| Taxes | $953 |
| Depreciation | $20,696 |
| Occupancy | $13,526 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,224 |
| Total operating and administrative expenses | $95,106 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $95,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,295 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $626,609 |
| Net Land, buildings, and equipment | $822,884 |
| Other assets | $14,022 |
| Total assets | $1,651,356 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $483,713 |
| Other liabilities | $0 |
| Total liabilities | $483,713 |