Lathrop Home
- Assets
- $6.1m
- Revenue
- $2.9m
- Investments
- $4.3m
- Employees
- 0
- Location
- Northampton, MA
- Founding
- 01/1938
- Data as of
- 12/2021
- EIN
- 04-2104372
Organization Overview
Lathrop Home is located in Northampton, MA. The organization was established in 1938. 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. Lathrop Home 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, Lathrop Home generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RESIDENTIAL HOME FOR ELDERLY INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Carroll Exec Dir | 40 | $93,151 | |
Michele Wood Office Mgr | 40 | $74,191 | |
Elizabeth Kelly Nurse | 40 | $72,486 | |
Theresa Chase Lpn | 40 | $61,389 | |
Tim Lipski Maintenanc | 40 | $56,419 | |
Elizabeth Ducharme Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,070 |
| Interest on Savings | $227 |
| Dividends & Interest | $459,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $18,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,396,371 |
| Total Revenue | $2,857,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,464,999 |
| Pension plans, employee benefits | $114,525 |
| Interest | $0 |
| Taxes | $137,146 |
| Depreciation | $71,887 |
| Occupancy | $115,761 |
| Travel, conferences, and meetings | $2,904 |
| Printing and publications | $175 |
| Other expenses | $355,446 |
| Total operating and administrative expenses | $2,270,363 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,270,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $637,906 |
| Net Accounts receivable | $145,285 |
| 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 | $66,818 |
| Net Investments - land, buildings, equipment | $938,656 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,087,119 |
| Accounts payable and accrued expenses | $138,716 |
| 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 | $138,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |
Grand Street Guild Hdfc Inc Garden City, NY | $33,829,247 | $10,532,897 |
Aishes Chayil Dkiryas Joel Mothers Relief Center Inc Monroe, NY | $15,335,659 | $8,593,002 |