Nichols Village Inc
- Assets
- $45.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Groveland, MA
- Founding
- 05/2002
- Data as of
- 12/2023
- 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 12/2023, Nichols Village Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $7.6m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 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
2023
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 |
|---|---|---|---|
Richard Cammett Jr President/treasurer | 2 | $0 | |
Lisa Hayden Clerk | 0.5 | $0 | |
Susan Cammett Director | 0.5 | $0 | |
Janice Lane Director | 0.5 | $0 | |
Stephen Hayden Director | 0.5 | $0 | |
Joanne Hayden Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,750,020 |
| Interest on Savings | $136,656 |
| Dividends & Interest | $0 |
| Net Rental Income | $4,437,086 |
| 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 | $571,812 |
| Total Revenue | $6,895,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,832,592 |
| Pension plans, employee benefits | $193,602 |
| Interest | $0 |
| Taxes | $619,602 |
| Depreciation | $1,545,856 |
| Occupancy | $510,812 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,899,007 |
| Total operating and administrative expenses | $7,638,258 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,638,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $6,127,571 |
| Net Accounts receivable | $33,074 |
| 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 | $38,386 |
| Net Investments - land, buildings, equipment | $39,143,172 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,303 |
| Total assets | $45,349,956 |
| Accounts payable and accrued expenses | $440,030 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $8,687,107 |
| Other liabilities | $28,654,886 |
| Total liabilities | $37,782,023 |