Mertens House Inc
- Assets
- $35.1m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Woodstock, VT
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 03-0293103
Organization Overview
Mertens House Inc is located in Woodstock, VT. The organization was established in 1984. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Mertens House Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mertens House 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, Mertens House Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A 14 BED LONG TERM CARE FACILITY PROVIDING INDIVIDUALIZED CARE 24 HOURS A DAY IN A HOME-LIKE SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING SERVICES - RESIDENTS ARE GIVEN A CARE PLAN BASED ON THEIR SPECIFIC NEEDS. THE NURSING STAFF PROVIDES ALL RESIDENTS WITH INDIVIDUALIZED CARE WHILE ENCOURAGING AS MUCH INDEPENDENCE AS POSSIBLE.
DIETARY SERVICES - THE REGISTERED DIETICIAN CUSTOMIZES LIBERAL, GERIATRIC MENUS AND FOLLOWS ANY SPECIAL PHYSICIAN ORDERED DIETS, WHILE ALSO CONSIDERING INDIVIDUAL LIKES AND DISLIKES.
ACTIVITIES - THE ACTIVITIES DIRECTOR PLANS WEEKLY ACTIVITIES FOR THE RESIDENTS, WHICH INCLUDES MUSIC, CRAFTS, POETRY, PET GAMES, REMINISCING, AND FELLOWSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Cunningham Administrator | Officer | 40 | $120,737 |
Heather Presch Executive Director | Officer | 40 | $216 |
Gerry Fields President | OfficerTrustee | 1.5 | $0 |
Rebecca Talcott Secretary | OfficerTrustee | 1.5 | $0 |
Rick Fiske Vice-President | OfficerTrustee | 1.5 | $0 |
Rich Kozlowski Treasurer | OfficerTrustee | 1.5 | $0 |
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 | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $1,582,156 |
| Investment income | $991,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,769,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,343,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $348,531 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,953 |
| Compensation of current officers, directors, key employees. | $120,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $866,495 |
| Pension plan accruals and contributions | $8,045 |
| Other employee benefits | $121,071 |
| Payroll taxes | $74,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,314 |
| Fees for services: Accounting | $16,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,643 |
| Fees for services: Other | $253,849 |
| Advertising and promotion | $16,512 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,444 |
| 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 | $115,982 |
| Insurance | $42,041 |
| All other expenses | $7,847 |
| Total functional expenses | $2,410,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,993 |
| Savings and temporary cash investments | $42,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,485 |
| Prepaid expenses and deferred charges | $37,558 |
| Net Land, buildings, and equipment | $1,211,460 |
| Investments—publicly traded securities | $33,729,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,113 |
| Total assets | $35,108,738 |
| Accounts payable and accrued expenses | $100,490 |
| Grants payable | $0 |
| Deferred revenue | $59,400 |
| 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 | $0 |
| Total liabilities | $159,890 |
| Net assets without donor restrictions | $2,779,840 |
| Net assets with donor restrictions | $32,169,008 |
| 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 | $35,108,738 |
Endowment Analysis
| Beg. Balance | $29,717,571 |
| Earnings | $3,179,626 |
| Other Expense | $728,189 |
| Ending Balance | $32,169,008 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Sancta Maria Hospital Inc Cambridge, MA | $13,379,859 | $18,950,090 |
Marian Manor For The Aged & Infirm Inc South Boston, MA | $9,729,435 | $20,776,355 |
St Lukes Home Residential Health Care Facility Inc New Hartford, NY | $25,808,218 | $18,105,934 |
New Bedford Management Systems Inc Pittsfield, MA | $14,522,183 | $15,768,156 |
Methodist Church Home For The Aged In The City Of New York Bronx, NY | $70,291,899 | $23,018,314 |
Bethel Methodist Home Ossining, NY | $66,568,639 | $16,802,314 |
Fairport Baptist Homes Fairport, NY | $12,174,552 | $16,655,324 |
Mi Nursing-Restorative Center Inc Lawrence, MA | $44,764,900 | $23,001,578 |
The Bethel Springvale Nursing Home Inc Crotononhudson, NY | $13,751,852 | $18,519,173 |