Chs Of Waltham Inc
- Assets
- $7.8m
- Revenue
- $11.3m
- Investments
- $1.2m
- Employees
- 108
- Location
- Waltham, MA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 04-3333609
Organization Overview
Chs Of Waltham Inc, operating under the name Maristhill Nursing & Rehabilitation CENTER, is located in Waltham, MA. The organization was established in 1997. 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 12/2022, Maristhill Nursing & Rehabilitation CENTER employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maristhill Nursing & Rehabilitation CENTER 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, Maristhill Nursing & Rehabilitation CENTER generated $11.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $11.5m during the year ending 12/2022. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MARISTHILL IS A CATHOLIC SKILLED NURSING AND REHABILITATION FACILITY THAT CONTINUES THE HEALING MINISTRY OF CHRIST BY PROVIDING HEALTH CARE SERVICES THAT FOSTER EACH INDIVIDUAL'S PHYSICAL, SPIRITUAL, EMOTIONAL AND INTELLECTUAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARISTHILL NURSING AND REHABILITATION CENTER PROVIDED 30,601 DAYS OF SKILLED NURSING SERVICES DURING 2022, AND 20,629 DAYS OF SKILLED SERVICES TO MEDICAID RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Tracy President & CEO | OfficerTrustee | 40 | $139,081 |
Joseph Cuzzupoli Trustee | Trustee | 1 | $0 |
Sr Joyce Ann Edelmann Trustee | Trustee | 1 | $0 |
Ellen Leiter Trustee | Trustee | 1 | $0 |
Bridget Stewart Trustee | Trustee | 1 | $0 |
Kelly Hill Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Llc Rehabilitation Services | 12/30/22 | $633,286 |
Performance Health Care Services Inc Laundry And Housekeeping | 12/30/22 | $512,511 |
Covenant Health Inc Management Services | 12/30/22 | $404,147 |
Pro Ems Solutions Covid Testing | 12/30/22 | $157,545 |
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 | $31,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,939 |
| Total Program Service Revenue | $11,119,855 |
| Investment income | $22,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,308,436 |
| 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. | $154,404 |
| Compensation of current officers, directors, key employees. | $18,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,532,891 |
| Pension plan accruals and contributions | $56,500 |
| Other employee benefits | $547,902 |
| Payroll taxes | $372,006 |
| Fees for services: Management | $404,147 |
| Fees for services: Legal | $79,693 |
| Fees for services: Accounting | $5,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,634,490 |
| Advertising and promotion | $36,695 |
| Office expenses | $360,972 |
| Information technology | $76,554 |
| Royalties | $0 |
| Occupancy | $341,645 |
| Travel | $367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,191 |
| Interest | $253,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $366,969 |
| Insurance | $56,322 |
| All other expenses | $21,678 |
| Total functional expenses | $11,485,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,340 |
| Savings and temporary cash investments | $23,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,390,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,608 |
| Prepaid expenses and deferred charges | $94,892 |
| Net Land, buildings, and equipment | $4,773,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,217,839 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,876 |
| Total assets | $7,773,013 |
| Accounts payable and accrued expenses | $1,235,694 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,372,954 |
| Other liabilities | $501,626 |
| Total liabilities | $8,110,274 |
| Net assets without donor restrictions | -$360,653 |
| Net assets with donor restrictions | $23,392 |
| 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 | $7,773,013 |