Alliance Health Inc
- Assets
- $31.2m
- Revenue
- $2.5m
- Investments
- $17.3m
- Employees
- 11
- Location
- Southborough, MA
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 04-3468274
Organization Overview
Alliance Health Inc is located in Southborough, MA. The organization was established in 1999. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Alliance Health Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance Health 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 12/2021, Alliance Health Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) 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
TO PROVIDE SERVICES AND LIVING ENVIRONMENTS FOR ELDERS AND CHILDREN.THE COMPANY SHALL PROMOTE AND PROVIDE SAFE, HEALTHY, QUALITY SERVICES AND LIVING ENVIRONMENTS FOR ELDERS AND CHILDREN WHO CANNOT CARE FOR THEMSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT & FINANCIAL SUPPORT FOR AFFILIATES WHICH PROVIDE HUMAN SERVICES INCLUDING CUSTODIAL & REHABILITATIVE SERVICES FOR THE ELDERLY & FOSTER CARE FOR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis J Grady President & Director & CEO | OfficerTrustee | 40 | $477,088 |
Michael Dodos Controller | Officer | 40 | $269,351 |
Thomas Lavallee Secretary & COO | Officer | 1 | $0 |
Paul Kemp Treasurer & CFO | Officer | 1 | $0 |
Richard Canty Vice President | Officer | 1 | $0 |
Sheryl Fenton Director Of Compliance | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Krokidas & Bluestein Llc Legal Services | 12/30/17 | $102,266 |
Banecare Management Llc Management Services | 12/30/17 | $270,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,110 |
| 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 | $57,110 |
| Total Program Service Revenue | $711,336 |
| Investment income | $1,178,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $346,152 |
| Net Income from Fundraising Events | -$10,346 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,507,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,401 |
| Grants and other assistance to domestic individuals. | $23,633 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $780,437 |
| Compensation of current officers, directors, key employees. | $780,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,593 |
| Fees for services: Accounting | $20,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,146 |
| Advertising and promotion | $0 |
| Office expenses | $14,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,323 |
| Travel | $86,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,712 |
| Insurance | $5,350 |
| All other expenses | $0 |
| Total functional expenses | $1,469,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,213,274 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,814,711 |
| 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 | $38,938 |
| Net Land, buildings, and equipment | $51,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,304,435 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,823,180 |
| Total assets | $31,245,886 |
| Accounts payable and accrued expenses | $118,228 |
| 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 | $4,000,000 |
| Other liabilities | $786,885 |
| Total liabilities | $4,905,113 |
| Net assets without donor restrictions | $26,340,773 |
| 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 | $31,245,886 |
Grants Awarded
Over the last fiscal year, Alliance Health Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Southborough, MA PURPOSE: DONATION FOR REHAB UNITS | $10,000 |
Southborough, MA PURPOSE: DONATION FOR REHAB UNITS | $10,000 |
Southborough, MA PURPOSE: DONATION FOR REHAB UNITS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newport Hospital Foundation Inc Newport, RI | $132,285,695 | $13,877,816 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |
New York Foundling Charitable Corporation New York, NY | $0 | $3,656,772 |
Al Sigl Center For Rehabilitation Agencies Inc Rochester, NY | $54,423,589 | $5,794,950 |
St Anns Foundation Inc Rochester, NY | $59,915,340 | $4,860,702 |
Templeton Foundation Cooperstown, NY | $47,757,464 | $7,194,400 |
Israel Healthcare Foundation New York, NY | $6,879,692 | $6,486,334 |