Chs Of Waltham Inc
- Assets
- $8.2m
- Revenue
- $9.0m
- Investments
- $1.4m
- Employees
- 105
- Location
- Waltham, MA
- Founding
- 02/1997
- Data as of
- 12/2021
- 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 12/2021, Maristhill Nursing & Rehabilitation CENTER employed 105 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 12/2021, Maristhill Nursing & Rehabilitation CENTER generated $9.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
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 27,491 DAYS OF SKILLED NURSING SERVICES DURING 2021, AND 23,273 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 | 41 | $156,421 |
Eric Gwanyalla Lpn | 66 | $145,568 | |
Luanne Deagle Director Of Nursing | 40 | $135,226 | |
Anesta Rene Rn | 65 | $130,034 | |
Shirly Yellamaty Rn Manager | 44 | $127,290 | |
Judith Allen Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Llc Rehabilitation Services | 12/30/21 | $639,796 |
Covenant Health Inc Management Services | 12/30/21 | $392,336 |
Performance Health Care Services Inc Laundry And Housekeeping | 12/30/21 | $355,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,051 |
| Government grants | $112,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,920 |
| Total Program Service Revenue | $8,624,843 |
| Investment income | $22,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $237,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,981,090 |
| 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. | $169,427 |
| Compensation of current officers, directors, key employees. | $16,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,409,815 |
| Pension plan accruals and contributions | $44,247 |
| Other employee benefits | $597,852 |
| Payroll taxes | $377,894 |
| Fees for services: Management | $392,336 |
| Fees for services: Legal | $49,766 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,211,379 |
| Advertising and promotion | $27,858 |
| Office expenses | $240,010 |
| Information technology | $72,038 |
| Royalties | $0 |
| Occupancy | $312,039 |
| Travel | $21 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $308,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,465 |
| Insurance | $57,171 |
| All other expenses | $0 |
| Total functional expenses | $9,910,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,349 |
| Savings and temporary cash investments | $22,206 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,304,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,178 |
| Prepaid expenses and deferred charges | $15,970 |
| Net Land, buildings, and equipment | $5,044,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,356,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,663 |
| Total assets | $8,156,502 |
| Accounts payable and accrued expenses | $1,211,121 |
| 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 | $504,427 |
| Total liabilities | $8,088,502 |
| Net assets without donor restrictions | $45,554 |
| Net assets with donor restrictions | $22,446 |
| 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 | $8,156,502 |
Endowment Analysis
| Beg. Balance | $9,880 |
| Net Contributions | $17,568 |
| Other Expense | $5,002 |
| Ending Balance | $22,446 |
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 |