John Bertram House Inc
- Assets
- $5.4m
- Revenue
- $2.2m
- Investments
- $2.6m
- Employees
- 0
- Location
- Salem, MA
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 04-2103743
Organization Overview
John Bertram House Inc is located in Salem, MA. The organization was established in 1942. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Bertram 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 12/2022, John Bertram House Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 25 BEDROOM ASSISTED LIVING FACILITY SERVING BOTH MEN AND WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Sullivan Vice President/director (thru 6/2022) | 1 | $0 | |
Jack Farady Director | 1 | $0 | |
Robert Mazzarino Treasurer/director | 1 | $0 | |
Emily Lopez Clerk/director | 1 | $0 | |
Pauline Crowninshield Director (thru 6/2022) | 1 | $0 | |
Cathy Favreau Director (& VP As Of 6/2022) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,646 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,696 |
| Capital Gain Net Income | $89,696 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,008,495 |
| Total Revenue | $2,159,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $123,513 |
| Other employee salaries and wages | $1,165,939 |
| Pension plans, employee benefits | $302,000 |
| Interest | $0 |
| Taxes | $1,842 |
| Depreciation | $146,984 |
| Occupancy | $123,776 |
| Travel, conferences, and meetings | $3,776 |
| Printing and publications | $0 |
| Other expenses | $406,407 |
| Total operating and administrative expenses | $2,386,042 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,386,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,151 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $66,275 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,151,978 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,003 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,485,492 |
| Net Land, buildings, and equipment | $1,385,619 |
| Other assets | $5,183 |
| Total assets | $5,392,387 |
| Accounts payable and accrued expenses | $189,354 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $194,354 |