Jhc Assisted Living Corp
- Assets
- $5.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 125
- Location
- Worcester, MA
- Founding
- 06/1998
- Data as of
- 12/2020
- EIN
- 04-3323502
Organization Overview
Jhc Assisted Living Corp is located in Worcester, MA. The organization was established in 1998. 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 12/2020, Jhc Assisted Living Corp employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jhc Assisted Living 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 12/2020, Jhc Assisted Living Corp generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AND ASSIST THE ELDERLY MAINTAIN INDEPENDENCE BY OPERATING A CONTINUING CARE FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE THE ELDERLY AND ASSIST THEM IN MAINTAINING AN INDEPENDENT LIFESTYLE BY OPERATING A CONTINUING CARE FACILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Ostrow Treasurer | OfficerTrustee | 0 | $0 |
Joel Greenberg President | OfficerTrustee | 0 | $0 |
Lisa Cohen Vice President | Officer | 0 | $0 |
Warren Palley Vice President | Officer | 0 | $0 |
Minna Gregerman Secretary | Officer | 0 | $0 |
Harriette Chandler Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,663,579 |
| Investment income | $22,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,705,903 |
| 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 | $2,494,759 |
| Pension plan accruals and contributions | $25,788 |
| Other employee benefits | $0 |
| Payroll taxes | $225,489 |
| Fees for services: Management | $267,551 |
| Fees for services: Legal | $1,713 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,612 |
| Office expenses | $12,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,890 |
| Travel | $11 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $162,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $557,912 |
| Insurance | $250,847 |
| All other expenses | $193,226 |
| Total functional expenses | $5,328,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,814 |
| Net Land, buildings, and equipment | $3,431,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,836,153 |
| Total assets | $5,468,003 |
| Accounts payable and accrued expenses | $267,747 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,727,790 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $533,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $766,625 |
| Total liabilities | $7,295,362 |
| Net assets without donor restrictions | -$1,827,359 |
| Net assets with donor restrictions | $0 |
| 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 | $5,468,003 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jhc Assisted Living Corp has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Jerome Home New Britain, CT | $48,789,319 | $20,665,795 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hartford Healthcare Senior Services Inc Southington, CT | $12,831,492 | $19,135,049 |
Sancta Maria Hospital Inc Cambridge, MA | $13,379,859 | $18,950,090 |
Marian Manor For The Aged & Infirm Inc South Boston, MA | $9,729,435 | $20,776,355 |
St Lukes Home Residential Health Care Facility Inc New Hartford, NY | $25,808,218 | $18,105,934 |
New Bedford Management Systems Inc Pittsfield, MA | $14,522,183 | $15,768,156 |
Methodist Church Home For The Aged In The City Of New York Bronx, NY | $70,291,899 | $23,018,314 |
Bethel Methodist Home Ossining, NY | $66,568,639 | $16,802,314 |
Fairport Baptist Homes Fairport, NY | $12,174,552 | $16,655,324 |