Circle Home Inc
- Assets
- $4.5m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 154
- Location
- Lawrence, MA
- Founding
- 12/1939
- Data as of
- 09/2020
- EIN
- 04-2103812
Organization Overview
Circle Home Inc is located in Lawrence, MA. The organization was established in 1939. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 09/2021, Circle Home Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Home 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 09/2020, Circle Home Inc generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $11.4m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTHCARE SERVICES TO SELECTED PATIENTS, IN THEIR HOMES, REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME HEALTH CARE - PROVIDE NECESSARY CARE & TREATMENT TO PATIENTS, IN THEIR HOMES, WITHOUT REGARD FOR THEIR ABILITY TO PAY. THIS CARE IS MORE COST EFFECTIVE, FOR CERTAIN POPULATIONS, THAN INPATIENT CARE.HOME HEALTH CARE IS FOR PATIENTS WHO HAVE DIFFICULTY GETTING OUT OF THE HOUSE, AND WHO NEED HELP WITH:*RECOVERY AFTER SURGERY OR A HOSPITAL STAY*HEALING AFTER A SERIOUS INJURY*COPING WITH A MAJOR CHANGE IN HEALTH*MEDICAL TREATMENTS THAT REQUIRE A NURSE OR THERAPIST*PREVENTING COMPLICATIONS AFTER CHILDBIRTH*LEARNING HOW TO SUCCESSFULLY MANAGE A CHRONIC DISEASE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Bussey Clinical Supervisor | 40 | $141,859 | |
Jonothan Mitchell It Service Delivery Manager | 40 | $132,922 | |
Joanne Picanso Sn Supervisor | 40 | $112,245 | |
Claudia Hartman Physical Therapist | 40 | $106,909 | |
Kimberly Halloran Sn Supervisor | 40 | $100,244 | |
Karen E Gomes President/ceo | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Supplemental Health Care Medical And Health Care Payments | 9/29/21 | $334,204 |
Core Medical Group Medical And Health Care Payments | 9/29/21 | $115,197 |
Community Health Network Medical And Health Care Payments | 9/29/21 | $168,456 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,947 |
| Investment income | $498 |
| 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 | $10,016,658 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,970,507 |
| Pension plan accruals and contributions | $84,574 |
| Other employee benefits | $686,876 |
| Payroll taxes | $559,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $113,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $523,977 |
| Advertising and promotion | $0 |
| Office expenses | $82,557 |
| Information technology | $180,015 |
| Royalties | $0 |
| Occupancy | $393,267 |
| Travel | $116,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,642 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,928 |
| Insurance | $21,364 |
| All other expenses | $0 |
| Total functional expenses | $11,424,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $519,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,023,866 |
| 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 | $14,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,519,686 |
| Accounts payable and accrued expenses | $1,644,124 |
| Grants payable | $0 |
| Deferred revenue | $328,786 |
| 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 | $1,705,811 |
| Total liabilities | $3,678,721 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $840,965 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Circle Home Inc has recieved totaling $4,472.
| Awarding Organization | Amount |
|---|---|
Hiram Francis Mills Tr Uw Boston, MA PURPOSE: GENERAL FUND | $4,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Granite Vna Inc Concord, NH | $51,710,798 | $41,824,646 |
Sunnyside Home Care Project Inc Long Island City, NY | $13,373,084 | $45,663,585 |
Masonicare Home Health And Hospice Inc Wallingford, CT | $8,766,172 | $39,986,641 |
The University Of Vermont Health Network-Home Health & Hospice Inc Colchester, VT | $37,675,315 | $30,171,090 |
Home Attendant Service Of Hyde Park Inc Brooklyn, NY | $16,110,375 | $32,637,387 |
Elder Services Of Worcester Area Inc Worcester, MA | $18,172,905 | $34,130,586 |
Human Care Services For Families & Children Inc Brooklyn, NY | $35,822,270 | $34,127,182 |
Norwell Visiting Nurse Assoc Inc Norwell, MA | $14,913,766 | $33,955,579 |
Visiting Nurse Association And Hospice Of Western New England Inc West Springfield, MA | $13,025,434 | $28,523,846 |
Home Health Management Services Inc Bronx, NY | $12,973,416 | $29,036,744 |
Visiting Nurse Association Community Healthcare Inc Guilford, CT | $0 | $25,494,387 |
Tri-Valley Inc Dudley, MA | $13,831,723 | $29,766,125 |