Home For Aged Women Inc
- Assets
- $69.0m
- Revenue
- $13.6m
- Investments
- $425.3k
- Employees
- 155
- Location
- Brookline, MA
- Founding
- 07/1941
- Data as of
- 12/2021
- EIN
- 04-2104314
Organization Overview
Home For Aged Women Inc, operating under the name See Schedule O, is located in Brookline, MA. The organization was established in 1941. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, See Schedule O employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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, See Schedule O generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $9.9m during the year ending 12/2021. While expenses have increased by 2.9% 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.
Since 2015, See Schedule O has awarded 15 individual grants totaling $1,615,960. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GODDARD HOUSE EMBRACES THE AGING EXPERIENCE FOR SENIORS LIVING IN THE BOSTON AREA BY OPERATING A HIGH-QUALITY ASSISTED LIVING COMMUNITY AND BY CREATING INNOVATIVE PROGRAMS WHICH SUPPORT OUR NEED FOR PURPOSE, ENGAGEMENT, AUTONOMY, AND CHOICE AS WE AGE.
Describe the Organization's Program Activity:
GODDARD HOUSE IS AN ASSISTED LIVING FACILITY WHERE OLDER ADULTS FIND THE SERVICES AND SECURITY THEY NEED WITHOUT GIVING UP THE TRADITIONS AND INDEPENDENCE THEY CHERISH. THE ASSISTED LIVING COMMUNITY CREATES AN ENVIRONMENT WHERE RESIDENTS MAINTAIN THEIR DIGNITY, PRIDE AND INDIVIDUALITY. IT OFFERS 119 BEAUTIFULLY DESIGNED STUDIOS AND ONE AND TWO-BEDROOM APARTMENTS. THESE INCLUDE THE "OLMSTED PLACE" MEMORY-IMPAIRMENT PROGRAM, WHICH HAS 44 APARTMENTS. IN 2021, 15% OF THE UNITS OF THE ASSISTED LIVING ARE DEVOTED TO OCCUPANTS WITH BELOW MARKET INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace L Cramer Chief Executive Officer | OfficerTrustee | 40 | $245,201 |
Lance Chapman Marketing Director | 40 | $151,864 | |
News-Johanne Marcellus Interim Executive Director | 40 | $100,153 | |
Deanne Dupont Assistant Treasurer/trustee | OfficerTrustee | 5 | $0 |
William Van Dorn Treasurer/trustee | OfficerTrustee | 5 | $0 |
Alexandra Schweitzer Chair/trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mobile Healthcare Services Llc Healthcare Services | 12/30/21 | $152,130 |
Senior Living Residences Llc Mgmt. Services | 12/30/21 | $877,437 |
Brown Advisory Services Investment Services | 12/30/21 | $225,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $214,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,587 |
| Total Program Service Revenue | $8,895,731 |
| Investment income | $1,416,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,648,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,592,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,288 |
| Grants and other assistance to domestic individuals. | $21,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,673 |
| Compensation of current officers, directors, key employees. | $75,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,586,072 |
| Pension plan accruals and contributions | $37,825 |
| Other employee benefits | $512,435 |
| Payroll taxes | $379,968 |
| Fees for services: Management | $544,372 |
| Fees for services: Legal | $6,324 |
| Fees for services: Accounting | $102,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $221,559 |
| Fees for services: Other | $0 |
| Advertising and promotion | $141,698 |
| Office expenses | $243,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $792,100 |
| Travel | $633 |
| 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 | $571,512 |
| Insurance | $204,675 |
| All other expenses | -$70,459 |
| Total functional expenses | $9,860,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,253,977 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,015 |
| 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 | $152,818 |
| Net Land, buildings, and equipment | $7,409,630 |
| Investments—publicly traded securities | $54,564,143 |
| Investments—other securities | $425,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,150,287 |
| Total assets | $69,014,213 |
| Accounts payable and accrued expenses | $598,359 |
| Grants payable | $300,000 |
| Deferred revenue | $1,105,824 |
| 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 | $764,778 |
| Total liabilities | $2,768,961 |
| Net assets without donor restrictions | $48,142,483 |
| Net assets with donor restrictions | $18,102,769 |
| 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 | $69,014,213 |
Grants Awarded
Over the last fiscal year, Home For Aged Women Inc has awarded $209,626 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO IMPLEMENT AN INNOVATIVE PROGRAM THAT BRINGS MUSIC TO ISOLATED ELDERS IN THE BOSTON COMMUNITY | $124,561 |
CITY OF BOSTON PURPOSE: TO IMPLEMENT AN INNOVATIVE CREATIVE AGING PROGRAM THAT BRINGS ARTS LEARNING OPPORTUNITIES TO ISOLATED ELDERS IN GREATER BOSTON. | $85,065 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Home For Aged Women Inc has recieved totaling $24,473.
| Awarding Organization | Amount |
|---|---|
Parkinsons Foundation Inc Miami, FL | | $18,473 |
Alzheimers Foundation Of America Inc New York, NY PURPOSE: 2021 SPRING BI-ANNUAL GRANT | $6,000 |
Endowment Analysis
| Beg. Balance | $14,812,371 |
| Earnings | $1,935,958 |
| Admin Expense | -$99 |
| Other Expense | $242,054 |
| Ending Balance | $16,506,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Tockwotton Home East Providence, RI | $58,805,077 | $16,474,278 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Ideal Senior Living Center Inc Endicott, NY | $4,125,598 | $9,831,124 |
Birch Hill Terrace Manchester, NH | $49,349,537 | $13,228,793 |
Umh Ny Corp Binghamton, NY | $26,934,829 | $15,740,065 |
Dominican Village Inc Amityville, NY | $22,734,655 | $14,615,410 |
Berkshire Retirement Community Inc Pittsfield, MA | $61,644,356 | $15,914,894 |
Ascentria Care Alliance Inc Brighton, MA | $25,108,514 | $14,345,102 |
United Helpers Canton Nursing Home Canton, NY | $22,283,409 | $12,202,470 |
Elizabeth Seton Residence Inc Wellesley Hills, MA | $5,370,096 | $14,190,879 |
Pomperaug Woods Inc Southbury, CT | $21,221,148 | $10,901,688 |