Civic Intelligence

Circle Home Inc

990 • Fiscal year 2020 • EIN 04-2103812

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 09, 2021

847 Rogers Street No 201Lowell, MA 01852

(978) 459-9343

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.81x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.37x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$1,770,136

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

75th percentile

21%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-33%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,519,686

Up $785,406 (+21%) from 2019

Net Assets

Down

$840,965

Down $1,407,810 (-63%) from 2019

Liabilities

Up

$3,678,721

Up $2,193,216 (+148%) from 2019

Revenue

Down

$10,016,658

Down $4,990,479 (-33%) from 2019

Expenses

Down

$11,424,468

Down $2,451,415 (-18%) from 2019

Net Income

Down

-$1,407,810

Down $2,539,064 (-224%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $6,128,154Liabilities 2011: $3,547,085Net Assets 2011: $2,581,0592011Assets 2012: $6,101,237Liabilities 2012: $4,832,531Net Assets 2012: $1,268,7062012Assets 2013: $6,483,266Liabilities 2013: $3,437,635Net Assets 2013: $3,045,6312013Assets 2014: $10,809,809Liabilities 2014: $4,501,124Net Assets 2014: $6,308,6852014Assets 2015: $11,086,852Liabilities 2015: $6,187,792Net Assets 2015: $4,899,0602015Assets 2016: $11,042,314Liabilities 2016: $7,406,654Net Assets 2016: $3,635,6602016Assets 2017: $12,600,979Liabilities 2017: $7,062,044Net Assets 2017: $5,538,9352017Assets 2018: $12,679,523Liabilities 2018: $4,819,799Net Assets 2018: $7,859,7242018Assets 2019: $3,734,280Liabilities 2019: $1,485,505Net Assets 2019: $2,248,7752019Assets 2020: $4,519,686Liabilities 2020: $3,678,721Net Assets 2020: $840,9652020Assets 2021: $3,678,636Liabilities 2021: $2,731,407Net Assets 2021: $947,2292021

Highlighted filing

2020

Assets$4,519,686
Liabilities$3,678,721
Net Assets$840,965

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $10,607,186Expenses 2011: $10,438,960Net Income 2011: $168,2262011Revenue 2012: $11,721,627Expenses 2012: $11,808,946Net Income 2012: -$87,3192012Revenue 2013: $12,294,965Expenses 2013: $12,553,606Net Income 2013: -$258,6412013Revenue 2014: $10,069,501Expenses 2014: $10,278,737Net Income 2014: -$209,2362014Revenue 2015: $13,023,724Expenses 2015: $13,286,159Net Income 2015: -$262,4352015Revenue 2016: $13,719,595Expenses 2016: $13,979,093Net Income 2016: -$259,4982016Revenue 2017: $13,900,679Expenses 2017: $13,855,246Net Income 2017: $45,4332017Revenue 2018: $15,778,380Expenses 2018: $14,435,725Net Income 2018: $1,342,6552018Revenue 2019: $15,007,137Expenses 2019: $13,875,883Net Income 2019: $1,131,2542019Revenue 2020: $10,016,658Expenses 2020: $11,424,468Net Income 2020: -$1,407,8102020Revenue 2021: $11,553,040Expenses 2021: $11,446,776Net Income 2021: $106,2642021

Highlighted filing

2020

Revenue$10,016,658
Expenses$11,424,468
Net Income-$1,407,810
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 9, 2021
Return Version
2019v5.2
Gross Receipts
$10,016,658
Mission and Program Overview

Mission

Circle home, inc. Enables individuals to remain safely in their homes by providing the highest quality home health, hospice, and other community health services.

To promote healthcare services to selected patients, in their homes, regardless of ability to pay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,747,556$3,023,866▲ $1,276,310
Land, Buildings, and Equipment, Net$995,455$962,037▼ $33,418
Savings and Temporary Cash Investments$902,413$519,098▼ $383,315
Prepaid Expenses and Deferred Charges$0$14,685▲ $14,685
Total Assets$3,734,280$4,519,686▲ $785,406
Other Assets Total$88,856$0▼ $88,856
Liabilities
Other Liabilities$168,638$1,705,811▲ $1,537,173
Accounts Payable and Accrued Expenses$835,191$1,644,124▲ $808,933
Deferred Revenue$481,676$328,786▼ $152,890
Total Liabilities$1,485,505$3,678,721▲ $2,193,216
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,248,775$840,965▼ $1,407,810
Total Net Assets Fund Balance$2,248,775$840,965▼ $1,407,810
Total Liabilities and Net Assets / Fund Balance$3,734,280$4,519,686▲ $785,406

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$757,675$170,090$927,765
Equipment$204,362$519,191$723,553
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eileen TrefonidesDirector of Admin. ServicesFT$188,551$2,317$190,868
Joanne PicansoClinical ManagerFT$108,675$30,100$138,775
Elaine BusseyClinical Director, Home CareFT$130,526$1,731$132,257
Jonothan MitchellIt Service Delivery ManagerFT$125,100$1,371$126,471
Lefki Michael-maximPhysical TherapistFT$108,596$1,409$110,005

Board Members and Trustees

NameTitle
Scott a CollinsChair
Karen E GomesPresident/CEO
Barbara B SagerCo Vice Chair
Naomi PrendergastCo Vice Chair
Debra S GrabowskiTrustee
Dr Joel B HellmannTrustee
Dr Michael Wagner MdTrustee
Eda George Rn Ph DTrustee
John F ProchiloTrustee
John P ChemalyTrustee
Joseph WhiteTrustee
Kara DoyleTrustee
Keith N SoucieTrustee
Michael DandorphTrustee
Susan M SandbergTrustee
David W NesbittTrustee (until 7/23/20)
Diane Farraher-smithChief Clinical Integration Officer
William WymanFormer Sr. VP, Finance/treas.
Daniel a Hayes JrSecretary
Susan GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$469,947
Program Service Revenue
$9,546,213
Investment Income
$498
Other Revenue
$0
All Other Contributions
$32,786
Change in Net Assets
$-1,407,810

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,016,658
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,016,658
Total Revenue per Form 990
$10,016,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,301,893
Other Expenses$3,122,575
Total Fundraising Expense$14,915
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,527,627$442,880-$6,970,507
Other Employee Benefits$639,046$32,915$14,915$686,876
Payroll Taxes$552,999$6,937-$559,936
Fees for Services Other$518,553$5,424-$523,977
Occupancy$393,267--$393,267
Information Technology$180,015--$180,015
Travel$114,934$1,173-$116,107
Fees for Services Accounting-$113,953-$113,953
Pension Plan Contributions$75,115$9,459-$84,574
Office Expenses$82,542$15-$82,557
Depreciation Depletion$70,928--$70,928
Insurance$21,364--$21,364
Other Expenses$1,669$4,750-$1,669
Conferences and Meetings$1,642--$1,642
All Other Expenses$972--$972
Total Functional Expenses$10,792,047$617,506$14,915$11,424,468

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,424,468
Total Expenses per Audited Statements$11,424,468
Total Expenses per Form 990$11,424,468
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mcr Advance$1,518,904
Due to Affiliates$186,907
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole corporate member of circle home, inc. Is home health foundation, inc.

Form 990, Part VI, Section A, Line 7A

The sole member shall elect and may remove or suspend the trustess of circle home, inc.

Form 990, Part VI, Section A, Line 7B

The member shall have the right to approve each of the following actions of the board of trustees, and such actions by the board shall not be effective unless and until approved by the member: a) the adoption of annual operating and capital budgets; b) the adoption of any long range plans of the corporation; c) the decision to establish a new program of service to discontinue an existing program; d) the approval of any borrowing by the corporation; e) the expenditure, disposition, donation, or acquistion by purchase, lease or other means, of corporate assets, other than in the ordinary course of budiness or budgeted items; f) the merger or consolidation of the corporation with any other corporation and the formation or dissolution of subsidiaries; g) the selection of certified public accountatns, to conduct annual financial audit and h) the execution of leases for major equipment or real estate, the execution of major contracts, other than in the ordinary course of business or budgeted items; i) the approval of individuals authorized to sign checks; and j) the disposition of any and/or donation to the corporation.

Form 990, Part VI, Section B, Line 11B

A copy of the complete form 990 is uploaded to a secure online portal for the board of directors to review and comment prior to filing. Any identified changes based upon comments are made as indicated.

Form 990, Part VI, Section B, Line 12C

All new hires and new board members receive the organization's corporate compliance plan. They disclose at that point in time any conflicts of interest. Board members also complete a 990 questionaire. On an annual basis employees also review the corporate compliance plan and indicate any potential conflicts of interest. Board members on an annual basis review the bylaws relating to conflict of interest and complete a 990 questionaire.

Form 990, Part VI, Section B, Line 15

On an annual basis the organization participates in a salary survey and evaluates all positions against the survey. The contemporaneous information is shared with the board president for review when evaluating the executive directors salary and any compensation changes. For officers, the salary survey is reviewed annually by human resources and the executive director. Based upon that survey salary ranges or pay may be adjusted. This information is shared with the personnel committee by the executive director.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements availale upon request.

Filing and Contact Details

Filer

Filer Name
Circle Home Inc
EIN
04-2103812
Phone
9784599343
Address
847 ROGERS STREET NO 201, LOWELL, MA 01852

Signing Officer

Name
Karen Gomes
Title
President/CEO
Phone
9784599343
Signed
2021-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Gomes
Formed
1909
Legal Domicile
Ma
Voting Board Members
17
Independent Board Members
12
Employees
156
Volunteers
13

Preparer

Firm
Cbiz Mhm LLC
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Brenda L Booth
Phone
6177610600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Circle home, inc. Ceased hospice care services.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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