Stone Institute And Newton Home For Aged People
- Assets
- $9.3m
- Revenue
- $11.1m
- Investments
- $2.4m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 10/1968
- Data as of
- 12/2022
- EIN
- 04-2105896
Organization Overview
Stone Institute And Newton Home For Aged People is located in Newton, MA. The organization was established in 1968. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone Institute And Newton Home For Aged People 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, Stone Institute And Newton Home For Aged People generated $11.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $12.2m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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 A 24-BED RETIREMENT HOME FOR AGED PERSONS IN INDIGENT CIRCUMSTANCES, AND AN 82-BED SKILLED NURSING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally H Jenks President | 1 | $0 | |
Dennis C Rieske Vice President | 1 | $0 | |
Christopher Y Shepler Treasurer A/o Sept 2022 | 1 | $0 | |
Mark J Fitzpatrick Treasurer Thru Sept 2022 | 1 | $0 | |
Michael Rossi Clerk | 1 | $0 | |
Michael Alexander Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Express Healthcare | 12/30/22 | $534,859 |
Continuing Care Management | 12/30/22 | $468,137 |
Safi Home Care Services Inc | 12/30/22 | $424,156 |
Performance Healthcare | 12/30/22 | $364,850 |
Pro Ems Solutions | 12/30/22 | $354,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $638,470 |
| Interest on Savings | $2,294 |
| Dividends & Interest | $54,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,809 |
| Capital Gain Net Income | $60,809 |
| Net ST Capital Gain | $3 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,312,226 |
| Total Revenue | $11,067,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $4,888,264 |
| Pension plans, employee benefits | $543,623 |
| Interest | $137,314 |
| Taxes | $394,481 |
| Depreciation | $359,177 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,241,899 |
| Total operating and administrative expenses | $12,209,756 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $12,209,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,047,910 |
| Savings and temporary cash investments | $330,402 |
| Net Accounts receivable | $987,068 |
| 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 | $27,734 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $418,969 |
| Net Land, buildings, and equipment | $3,507,330 |
| Other assets | $0 |
| Total assets | $9,265,670 |
| Accounts payable and accrued expenses | $1,143,892 |
| Grants payable | $0 |
| Deferred revenue | $90,836 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,128,974 |
| Other liabilities | $0 |
| Total liabilities | $4,363,702 |