Tufts Medicine Care At Home Parent
- Assets
- $114.6m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 31
- Location
- Lawrence, MA
- Founding
- 12/1985
- Data as of
- 09/2021
- EIN
- 22-2587225
Organization Overview
Tufts Medicine Care At Home Parent is located in Lawrence, MA. The organization was established in 1985. 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 09/2021, Tufts Medicine Care At Home Parent employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tufts Medicine Care At Home Parent 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 09/2021, Tufts Medicine Care At Home Parent generated $16.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.8m during the year ending 09/2021. While expenses have increased by 1.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOME HEALTH FOUNDATION, INC. PRIMARY PURPOSES ARE TO ACT AS A HOLDING COMPANY AND PROVIDE MANAGEMENT SERVICES TO AFFILIATED HOME CARE PROVIDERS PROVIDING SERVICES TO PATIENTS IN THE MERRIMACK VALLEY AND OTHER REGIONS, INCLUDING SOUTHERN NEW HAMPSHIRE AND THE SEACOAST.
Describe the Organization's Program Activity:
PROVIDES GENERAL ADMINISTRATIVE OVERSIGHT TO FIVE NOT-FOR-PROFIT HEALTH CARE SUBSIDIARIES AND ARRANGES FOR CONTRACT SERVICES PROVIDED TO THE SAME FIVE SUBSIDIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen E Gomes President/ceo | OfficerTrustee | 42.5 | $389,998 |
Donna Beaudin VP Of Qual Comp Risk Mgmt | 37.5 | $177,337 | |
Kelli True Care Transitions Liaison Manager | 37.5 | $117,709 | |
Naomi Prendergast Co Vice Chair (until Jan. 2021) | OfficerTrustee | 0.5 | $0 |
Daniel A Hayes Jr Secretary | OfficerTrustee | 0.5 | $0 |
Susan Green Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berry Dunn Mcneil & Parker Llc Audit & Tax | 9/29/20 | $270,037 |
Nepc Llc Investing | 9/29/20 | $102,273 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,420 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,784 |
| Total Program Service Revenue | $1,836,000 |
| Investment income | $1,882,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,249,686 |
| Net Income from Fundraising Events | -$1,221 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,042,390 |
| 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. | $391,830 |
| Compensation of current officers, directors, key employees. | $391,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,279,139 |
| Pension plan accruals and contributions | $54,347 |
| Other employee benefits | $114,753 |
| Payroll taxes | $106,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,257 |
| Fees for services: Accounting | $19,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,275 |
| Advertising and promotion | $580 |
| Office expenses | $21,326 |
| Information technology | $23,893 |
| Royalties | $0 |
| Occupancy | $40,872 |
| Travel | $682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,612 |
| Interest | $8,800 |
| Payments to affiliates | $817,500 |
| Depreciation, depletion, and amortization | $612,000 |
| Insurance | $9,000 |
| All other expenses | $42,993 |
| Total functional expenses | $3,843,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $353,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,604 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $108,259,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,834,900 |
| Other assets | $116,649 |
| Total assets | $114,575,797 |
| Accounts payable and accrued expenses | $769,681 |
| 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 | $0 |
| Other liabilities | $690,251 |
| Total liabilities | $1,459,932 |
| Net assets without donor restrictions | $113,099,865 |
| Net assets with donor restrictions | $16,000 |
| 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 | $114,575,797 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tufts Medicine Care At Home Parent has recieved totaling $33,500.
| Awarding Organization | Amount |
|---|---|
High Pointe Foundation Plaistow, NH PURPOSE: GENERAL WELFARE | $20,000 |
Demoulas Market Basket Foundation Chelmsford, MA PURPOSE: HOSPITAL & HEALTH ORGANIZATIONS | $10,000 |
We Share A Common Thread Foundation Inc Lowell, MA PURPOSE: EXEMPT PURPOSES | $2,000 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: UNRESTRICTED OPERATING FUNDS | $1,000 |
Clive And Suzanne Fazioli Charitable Foundation Andover, MA PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $500 |
Endowment Analysis
| Beg. Balance | $16,000 |
| Ending Balance | $16,000 |
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 |