Catholic Memorial Home
- Assets
- $27.0m
- Revenue
- $29.3m
- Investments
- $0.0
- Employees
- 362
- Location
- Fall River, MA
- Founding
- 09/1941
- Data as of
- 12/2023
- EIN
- 04-2106393
Organization Overview
Catholic Memorial Home is located in Fall River, MA. The organization was established in 1941. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Catholic Memorial Home employed 362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Memorial 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 12/2023, Catholic Memorial Home generated $29.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $23.8m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SKILLED NURSING AND REHABILITATIVE CARE FOR THE FRAIL AND THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NURSING AND/OR REHABILITATION SERVICES TO THE AGED AND INFIRM FOR 80,812 PATIENT DAYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara E Crehan Nurse Manager, Rn | 40 | $146,743 | |
Lisa Cadime Administrator | 40 | $133,411 | |
Jessica Costa Nurse Manager, Rn | 40 | $105,125 | |
Michelle Pereira Lpn Charge | 40 | $104,030 | |
Crystal Benevides Nurse Manager, Rn | 40 | $103,131 | |
Edgar M Da Cunha M + Pres. & Treasurer (until 11/23) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Symbria Rehab Inc Therapy Services | 12/30/23 | $1,245,302 |
Intelycare Inc Nursing Services | 12/30/23 | $1,209,837 |
Connectrn Inc Nursing Services | 12/30/23 | $686,636 |
Diocesan Health Facilities Management Services | 12/30/23 | $580,000 |
Bentob Healthcare Solutions Llc Nursing Services | 12/30/23 | $455,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,312 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,822,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,945,643 |
| Total Program Service Revenue | $25,880,856 |
| Investment income | $392,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,674 |
| Net Income from Fundraising Events | $5,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,309,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,294,028 |
| Pension plan accruals and contributions | $8,400 |
| Other employee benefits | $1,802,929 |
| Payroll taxes | $898,511 |
| Fees for services: Management | $580,000 |
| Fees for services: Legal | $22,856 |
| Fees for services: Accounting | $47,034 |
| Fees for services: Lobbying | $155 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,676,331 |
| Advertising and promotion | $15,188 |
| Office expenses | $35,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $538,821 |
| Travel | $18,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,985 |
| Insurance | $13,546 |
| All other expenses | $27,132 |
| Total functional expenses | $23,843,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $11,789,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,060,290 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,909 |
| Prepaid expenses and deferred charges | $107,715 |
| Net Land, buildings, and equipment | $2,568,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,451,358 |
| Total assets | $27,015,477 |
| Accounts payable and accrued expenses | $2,409,966 |
| Grants payable | $0 |
| Deferred revenue | $195,519 |
| 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 | $1,302,960 |
| Total liabilities | $3,908,445 |
| Net assets without donor restrictions | $16,366,539 |
| Net assets with donor restrictions | $6,740,493 |
| 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 | $27,015,477 |