Hillside Residence Inc
- Assets
- $8.9m
- Revenue
- $419.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Holyoke, MA
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 82-2291841
Organization Overview
Hillside Residence Inc is located in Holyoke, MA. The organization was established in 1946. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hillside Residence 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, Hillside Residence Inc generated $419.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $576.4k during the year ending 12/2021. 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
PROVISION OF AFFORABLE ELDER HOUSING INTEGRATED WITH HEALTH CARE AND RELATED SOCIAL SERVICES, DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF LOW INCOME ELDERS AT RISK, AND TO PROMOTE THEIR HEALTH AND WELL BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HILLSIDE RESIDENCE IS AN AFFORDABLE HOUSING COMPLEX OFFERING 34 RENTAL UNITS AND 2 TRANSITIONAL CARE UNITS. HILLSIDE RESIDENCE IS AN INNOVATIVE, HEALTH-INTEGRATED, ELDER AFFORDABLE HOUSING PROGRAM. IN ADDITION TO PROVIDING AFFORDABLE HOUSING, HILLSIDE RESIDENCE BRINGS TOGETHER THE HEALTH CARE SERVICES OFFERED BY MERCY LIFE. SITUATED ON THE SAME CAMPUS AS HILLSIDE RESIDENCE, MERCY LIFE, IS A PROGRAM FOR ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE), OFFERS A RANGE OF CLINICAL AND SOCIAL SUPPORT PROGRAMS TO HILLSIDE RESIDENTS. TOGETHER, THEY OFFER AFFORDABLE HOUSING AND COMPREHENSIVE HEALTHCARE TO SERVE FRAIL, LOW-INCOME ELDERS AT THE RISK OF INSTITUTIONALIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Kathleen Popko Sp President | OfficerTrustee | 0.1 | $0 |
John Wesolowski Treasurer | OfficerTrustee | 0.1 | $0 |
Sr Senga Fulton Sp Vice President | OfficerTrustee | 0.1 | $0 |
Sr Mary Caritas Geary Sp Clerk | OfficerTrustee | 0.1 | $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 | $416,516 |
| Investment income | $1,035 |
| 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 | $419,393 |
| 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 | $89,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,053 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,434 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $576,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,682 |
| Savings and temporary cash investments | $3,494 |
| 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 | $30,979 |
| Net Land, buildings, and equipment | $8,475,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,860,633 |
| Accounts payable and accrued expenses | $16,122 |
| Grants payable | $0 |
| Deferred revenue | $2,624 |
| 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 | $2,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,316,531 |
| Total liabilities | $6,835,277 |
| Net assets without donor restrictions | $2,025,356 |
| 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 | $8,860,633 |
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