Winchester Mount Vernon House
- Assets
- $39.1m
- Revenue
- $1.1m
- Investments
- $31.0m
- Employees
- 0
- Location
- Winchester, MA
- Founding
- 10/1950
- Data as of
- 12/2022
- EIN
- 04-2104317
Organization Overview
Winchester Mount Vernon House is located in Winchester, MA. The organization was established in 1950. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Winchester Mount Vernon House 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, Winchester Mount Vernon House generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Winchester Mount Vernon House has awarded 46 individual grants totaling $1,053,876. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINCHESTER MOUNT VERNON HOUSE OPERATES A HOME FOR AND TO ASSIST THE AGED PEOPLE OF WINCHESTER, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane E Ward Executive Director | 40 | $142,000 | |
Raymond Kenney Jr President | 4 | $0 | |
Susan Powers First Vice President | 1 | $0 | |
Michael Manzo Treasurer | 1 | $0 | |
Michael Walsh Assistant Treasurer | 1 | $0 | |
Geoffrey A Curtis Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,113 |
| Interest on Savings | $0 |
| Dividends & Interest | $672,044 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $378,028 |
| Total Revenue | $1,056,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $159,403 |
| Other employee salaries and wages | $605,425 |
| Pension plans, employee benefits | $70,936 |
| Interest | $0 |
| Taxes | $60,254 |
| Depreciation | $313,774 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $267,593 |
| Total operating and administrative expenses | $1,533,537 |
| Contributions, gifts, grants paid | $100,100 |
| Total expenses and disbursements | $1,633,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,152 |
| Savings and temporary cash investments | $808,308 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,269,094 |
| Other assets | $0 |
| Total assets | $39,147,293 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Winchester Mount Vernon House has awarded $100,100 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EN KA EXCHANGE RESALE SHOP PURPOSE: HELPING SENIOR CITIZENS | $21,500 |
WINCHESTER ELDERLY AND DISABLED TAX FUND PURPOSE: HELPING SENIOR CITIZENS | $10,000 |
MEALS ON WHEELS PURPOSE: HELPING SENIOR CITIZENS | $5,000 |
WINCHESTER PUBLIC LIBRARY PURPOSE: LOCAL LIBRARY DONATION | $3,000 |
WINCHESTER SENIORS ASSOCIATION TRUST PURPOSE: HELPING SENIOR CITIZENS | $20,000 |
WINCHESTER JENKS CENTER PURPOSE: HELPING SENIOR CITIZENS | $30,500 |