Visiting Nurse Communities Inc
- Assets
- $8.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-1890512
Organization Overview
Visiting Nurse Communities Inc is located in Somerville, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visiting Nurse Communities 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, Visiting Nurse Communities Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 4.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE ASSISTED LIVING SERVICES TO THOSE IN NEED INCLUDING BUT NOT LIMITED TO HOME HEALTH CARE, AFFORDABLE HOUSING AND SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE ASSISTED LIVING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shipley Mason Treasurer | OfficerTrustee | 1 | $0 |
Jacob Sauerborn Cfo/director | OfficerTrustee | 1 | $0 |
Elizabeth Minassian Vice Chairperson | OfficerTrustee | 1 | $0 |
Ellen O'brien Secretary | OfficerTrustee | 1 | $0 |
Fran Gayron Chairperson | OfficerTrustee | 1 | $0 |
Linda S Cornell President/ceo | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,320 |
| Total Program Service Revenue | $1,854,536 |
| Investment income | $326 |
| 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 | $1,931,182 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,060 |
| Payroll taxes | $45,276 |
| Fees for services: Management | $77,479 |
| Fees for services: Legal | $465 |
| Fees for services: Accounting | $18,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $883 |
| Office expenses | $20,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,204 |
| Insurance | $84,093 |
| All other expenses | $996 |
| Total functional expenses | $1,808,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,000 |
| 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 | $6,908 |
| Net Land, buildings, and equipment | $8,144,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $303,382 |
| Total assets | $8,522,333 |
| Accounts payable and accrued expenses | $57,599 |
| 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 | $4,603,092 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $638,930 |
| Total liabilities | $5,299,621 |
| Net assets without donor restrictions | $2,845,187 |
| Net assets with donor restrictions | $377,525 |
| 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 | $8,522,333 |
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