Salem Community Corp

Organization Overview

Salem Community Corp is located in Worcester, MA. The organization was established in 1985. 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. As of 12/2021, Salem Community Corp employed 345 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Community Corp 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, Salem Community Corp generated $20.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $21.3m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HOUSING AND SUPPORT TO ITS RESIDENTS AND OTHER SENIORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S PROGRAM SERVICES INCLUDE THE OPERATION OF AN 82-BED NURSING HOME, KNOLLWOOD NURSING CENTER AND A 228-UNIT CONTINUING CARE RETIREMENT AND ASSISTED LIVING FACILITY, BRIARWOOD COMMUNITY, IN WORCESTOR AND WEST BOYLSTON, MASSACHUSETTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
National Facility Services Inc
Maintenance
$840,480
Intelycare Inc
Nursing Staffing
$490,872
Rogerson Communities
Management Company
$467,406
Aegis Sciences Corp
Lab Processing
$413,551
Professional Nurses Health Services Inc
Nursing Staffing
$421,968
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$47,737
Related organizations$0
Government grants $82,897
All other contributions, gifts, grants, and similar amounts not included above$482,934
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$613,568
Total Program Service Revenue$18,440,427
Investment income $182,346
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$95,340
Net Gain/Loss on Asset Sales $539,273
Net Income from Fundraising Events -$15,618
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,062,867

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Salem Community Corp has recieved totaling $270,000.

Awarding OrganizationAmount
Stoddard Charitable Trust

Worcester, MA

PURPOSE: REPLACE COTTAGE WINDOWS, RE-ROOF THE

$250,000
Stoddard Charitable Trust

Worcester, MA

PURPOSE: SC GRANT-VAL LORING

$10,000
Stoddard Charitable Trust

Worcester, MA

PURPOSE: SC GRANT-VAL LORING - APPLIED TO BOA

$8,000
Melvin S Cutler Charitable Foundation

Worcester, MA

PURPOSE: GENERAL

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,674,595
Earnings$320,736
Net Contributions$442,061
Other Expense$765,673
Ending Balance$2,671,719

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