Colony Care Senior Living Inc
- Assets
- $1.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 226
- Location
- Springfield, MA
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 45-4741875
Organization Overview
Colony Care Senior Living Inc is located in Springfield, MA. The organization was established in 2016. 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. As of 12/2023, Colony Care Senior Living Inc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colony Care Senior Living 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, Colony Care Senior Living Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 23.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SENIOR CARE, HOME COMPANIONS & FAMILY RESPITE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME CARE SERVICES - PROVIDES SENIOR CARE, HOME COMPANIONS AND FAMILY RESPITE CARE BOTH IN-FACILITY AND AT-HOME. THE ORGANIZATION PROVIDED MORE THAN 104,000 HOURS OF SERVICES TO CLIENTS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Popp President & CEO | OfficerTrustee | 5 | $27,297 |
William Hawkins Chief Financial Officer | Officer | 6 | $26,886 |
Mary Beth Dowd Executive Director | 40 | $104,007 | |
John Morse Chair | OfficerTrustee | 1 | $0 |
Allison Ebner Vice President | OfficerTrustee | 1 | $0 |
Jeff Sattler Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $61,204 |
| Government grants | $36,899 |
| 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 | $98,103 |
| Total Program Service Revenue | $4,052,343 |
| Investment income | $5,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,155,857 |
| 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. | $59,626 |
| Compensation of current officers, directors, key employees. | $29,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,467,331 |
| Pension plan accruals and contributions | $8,557 |
| Other employee benefits | $20,683 |
| Payroll taxes | $20,613 |
| Fees for services: Management | $227,167 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,624 |
| Advertising and promotion | $12,807 |
| Office expenses | $49,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,114 |
| Travel | $43,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,588 |
| Insurance | $76,405 |
| All other expenses | $0 |
| Total functional expenses | $3,069,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,600 |
| Savings and temporary cash investments | $239,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $621,071 |
| 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 | $33,005 |
| Net Land, buildings, and equipment | $30,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $76,757 |
| Other assets | $40,755 |
| Total assets | $1,112,914 |
| Accounts payable and accrued expenses | $48,073 |
| Grants payable | $0 |
| Deferred revenue | $135,409 |
| 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 | $28,465 |
| Total liabilities | $211,947 |
| Net assets without donor restrictions | $900,967 |
| 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 | $1,112,914 |