Massachusetts Senior And Assisted Living Communities Foundation Inc
- Assets
- $4.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-0809743
Organization Overview
Massachusetts Senior And Assisted Living Communities Foundation Inc is located in Waltham, MA. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Senior And Assisted Living Communities Foundation 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, Massachusetts Senior And Assisted Living Communities Foundation Inc generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (46.9%) each year. All expenses for the organization totaled $44.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (64.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PURPOSELY DID NOT FUNDRAISE OR RUN PROGRAMS IN THE PAST 3 YEARS AS THE BOARD FOCUSED ON STRATEGIC PLANNING OF WORKFORCE INITIATIVES AND EXPLORED NEW OPPORTUNITIES TO DEVELOP A PLAN OF ACTIVITIES BEFORE RE-ENGAGING WITH POTENTIAL DONORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Doherty President & Treasurer | 1 | $0 | |
James Coughlin Chair | 1 | $0 | |
Edward Blake Secretary | 1 | $0 | |
Shawn P Collins Attorney Director | 1 | $0 | |
Serena Lipton Director | 1 | $0 | |
Kristine Martel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,495 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,495 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44 |
| Total expenses | $44 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,810 |
| Other assets | $0 |
| Total assets | $4,875 |
| Total liabilities | $161 |
| Net assets or fund balances | $4,714 |