Residences At Sherburne Commons Inc

Organization Overview

Residences At Sherburne Commons Inc is located in Nantucket, MA. The organization was established in 2015. 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 12/2021, Residences At Sherburne Commons Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residences At Sherburne Commons 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, Residences At Sherburne Commons Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE A NON-PROFIT RESIDENCE FOR INDIVIDUALS 55 YEARS OF AGE OR OLDER AND PROVIDE ASSISTED LIVING AND INDEPENDENT LIVING AND MEDICAL RELATED SERVICES TO NANTUCKET'S ELDERLY COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ASSISTED LIVING AND INDEPENDENT LIVING FOR SENIORS 55 YEARS OF AGE AND OLDER AND OTHER SENIOR AND MEDICAL-RELATED SERVICES TO NANTUCKET'S ELDERLY COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Comick
Executive Director
$197,831
Diane Tipton
Treasurer
$0
David Worth
President
$0
Jay Riggs
Secretary
$0
Melissa Philbrick
Director
$0
William Congdon
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
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$0
Total Program Service Revenue$2,945,332
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $731,624
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,676,956

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