Central Boston Elder Services Inc
- Assets
- $36.1m
- Revenue
- $71.4m
- Investments
- $0.0
- Employees
- 159
- Location
- Boston, MA
- Founding
- 12/1974
- Data as of
- 06/2021
- EIN
- 04-2546441
Organization Overview
Central Boston Elder Services Inc is located in Boston, MA. The organization was established in 1974. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Central Boston Elder Services Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Boston Elder Services Inc 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 06/2021, Central Boston Elder Services Inc generated $71.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $67.4m during the year ending 06/2021. While expenses have increased by 4.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOME CARE SERVICES, REFERRALS AND ADVOCACY TO THE ELDERLY POPULATION LOCATED IN THE BOSTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE HOME CARE GRANT - PROVIDES HOME, CHORE AND PERSONAL CARE TO ELIGIBLE ELDERLY CLIENTS IN THE BOSTON AREA.
COMMUNITY CHOICES - PROVIDES SERVICES TO MEDICAID ELIGIBLE ELDERS FOR THE PURPOSE OF PREVENTING NURSING HOME PLACEMENTS.
SENIOR CARE OPTIONS - PROVIDES CASE MANAGEMENT SERVICES AND PURCHASED SERVICES TO SCO CLIENTS ON A FEE FOR SERVICE BASIS OR ON A UNIT BASIS.
OTHER PROGRAMS - OTHER PROGRAMS INCLUDE BUT ARE NOT LIMITED TO THE ENHANCED COMMUNITY OPTIONS PROGRAM, GROUP ADULT FOSTER CARE PROGRAM, CLINICAL ASSESSMENT AND ELIGIBILITY PROGRAM, PROTECTIVE SERVICES PROGRAM AND OTHER CORPORATE INITIATIVES. ALL OF THESE PROGRAMS ARE DESIGNED TO PROVIDE VITAL SERVICES TO THE ELDERLY POPULATION IN THE BOSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Vance Chief Executive Officer | Officer | 40 | $229,988 |
Sylvia Exantus Chief Financial Officer | Officer | 40 | $165,336 |
Doreen Lindsay Director Of Human Resources | 40 | $146,084 | |
Mila Latino Director Of Ltss | 40 | $130,812 | |
Jean Simone Lopez Director Of Clinical Services | 40 | $119,123 | |
Tony Francis President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,567,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,615,645 |
| Total Program Service Revenue | $68,318,227 |
| Investment income | $359,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,391,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,861,310 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $437,599 |
| Compensation of current officers, directors, key employees. | $437,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,103,188 |
| Pension plan accruals and contributions | $445,823 |
| Other employee benefits | $1,960,056 |
| Payroll taxes | $1,008,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,976 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $515,650 |
| Travel | $12,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,684 |
| Insurance | $0 |
| All other expenses | $36,119 |
| Total functional expenses | $67,355,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,480,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,403,818 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,956,165 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,227 |
| Net Land, buildings, and equipment | $6,991,407 |
| Investments—publicly traded securities | $2,169,479 |
| Investments—other securities | $0 |
| Investments—program-related | $145,000 |
| Intangible assets | $0 |
| Other assets | $837,611 |
| Total assets | $36,084,793 |
| Accounts payable and accrued expenses | $11,050,745 |
| Grants payable | $0 |
| Deferred revenue | $52,594 |
| 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 | $722,070 |
| Total liabilities | $11,825,409 |
| Net assets without donor restrictions | $24,143,843 |
| Net assets with donor restrictions | $115,541 |
| 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 | $36,084,793 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Boston Elder Services Inc has recieved totaling $5,144.
| Awarding Organization | Amount |
|---|---|
Katharine C Pierce T-3379 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,107 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Endowment Analysis
| Beg. Balance | $115,112 |
| Earnings | $429 |
| Ending Balance | $115,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agespan Inc Lawrence, MA | $46,498,915 | $107,934,032 |
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Jewish Association For Services For The Aged New York, NY | $34,581,080 | $57,474,811 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Riseboro Community Partnership Inc Brooklyn, NY | $38,504,143 | $46,795,171 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |
Foundation For The Elderly Inwood, NY | $9,324,447 | $36,299,710 |