Nichols Village Inc
- Assets
- $46.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Groveland, MA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 04-3578370
Organization Overview
Nichols Village Inc is located in Groveland, MA. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nichols Village 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, Nichols Village Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NICHOLS VILLAGE PROVIDES SERVICES FOR THE ELDERLY, INCLUDING HOUSING, MEALS AND ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Durkin Executive Director | 35 | $115,826 | |
David Standen Maint Director | 35 | $100,386 | |
James Dinges Chef/manager | 35 | $87,992 | |
Brenda Burkholder Marketing Director | 35 | $78,639 | |
Gina Velonis Resident Services | 35 | $70,191 | |
Richard Cammett Jr Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,650,000 |
| Interest on Savings | $18,437 |
| Dividends & Interest | $0 |
| Net Rental Income | $3,967,283 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $467,268 |
| Total Revenue | $6,102,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,409,843 |
| Pension plans, employee benefits | $131,046 |
| Interest | $0 |
| Taxes | $608,481 |
| Depreciation | $1,522,060 |
| Occupancy | $454,181 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,832,226 |
| Total operating and administrative expenses | $5,975,237 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,975,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $6,341,753 |
| Net Accounts receivable | $9,520 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,413 |
| Net Investments - land, buildings, equipment | $40,248,645 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,623,781 |
| Accounts payable and accrued expenses | $267,524 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $9,357,003 |
| Other liabilities | $28,078,120 |
| Total liabilities | $37,702,647 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nichols Village Inc has recieved totaling $1,255,000.
| Awarding Organization | Amount |
|---|---|
N Woodburn Nichols Foundation Inc Groveland, MA PURPOSE: CHARITABLE FOR SENIOR HOUSING | $1,200,000 |
N Woodburn Nichols Foundation Inc Groveland, MA PURPOSE: CHARITABLE FOR SENIOR HOUSING | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |