Lathrop Home
- Assets
- $6.3m
- Revenue
- $2.7m
- Investments
- $4.4m
- Employees
- 0
- Location
- Northampton, MA
- Founding
- 01/1938
- Data as of
- 12/2022
- 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 12/2022, Lathrop Home generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 4 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
2022
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 |
|---|---|---|---|
Colleen Bugbee President | 4 | $0 | |
Erik Lamothe Vice Pres | 4 | $0 | |
David Viamari Treasurer | 4 | $0 | |
Susie Mccrea Secretary | 4 | $0 | |
Tracy Carroll Exec Dir | 40 | $94,327 | |
Elizabeth Kelly Nurse | 40 | $92,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,917 |
| Interest on Savings | $36 |
| Dividends & Interest | $137,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $118,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,580,485 |
| Total Revenue | $2,721,408 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,670,993 |
| Pension plans, employee benefits | $195,354 |
| Interest | $0 |
| Taxes | $149,832 |
| Depreciation | $67,895 |
| Occupancy | $205,926 |
| Travel, conferences, and meetings | $4,046 |
| Printing and publications | $0 |
| Other expenses | $341,446 |
| Total operating and administrative expenses | $2,643,232 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,643,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $529,836 |
| Net Accounts receivable | $158,061 |
| 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 | $47,528 |
| Net Investments - land, buildings, equipment | $1,118,009 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,252,384 |
| Accounts payable and accrued expenses | $136,809 |
| 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 | $136,809 |