Civic Intelligence

Bristol Aging & Wellness Inc.

990 • Fiscal year 2022 • EIN 04-2545767

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 15, 2022

1 Father Devalles Blvd 8Fall River, MA 02723

(508) 675-2101

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.23x

Higher debt load relative to assets than 52% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.15x

Higher debt load relative to revenue than 34% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

45th percentile

4.3%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

1.4%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$23,803,109

Up $3,830,778 (+19%) from 2021

Net Assets

Up

$18,251,354

Up $1,304,704 (+7.7%) from 2021

Liabilities

Up

$5,551,755

Up $2,526,074 (+83%) from 2021

Revenue

Up

$36,848,253

Up $496,945 (+1.4%) from 2021

Expenses

Up

$35,259,595

Up $2,694,549 (+8.3%) from 2021

Net Income

Down

$1,588,658

Down $2,197,604 (-58%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $8,373,837Liabilities 2011: $2,084,659Net Assets 2011: $6,289,1782011Assets 2012: $8,543,255Liabilities 2012: $2,066,757Net Assets 2012: $6,476,4982012Assets 2013: $8,412,783Liabilities 2013: $2,026,559Net Assets 2013: $6,386,2242013Assets 2014: $9,849,401Liabilities 2014: $2,541,702Net Assets 2014: $7,307,6992014Assets 2015: $11,803,141Liabilities 2015: $3,026,649Net Assets 2015: $8,776,4922015Assets 2016: $12,337,701Liabilities 2016: $2,480,365Net Assets 2016: $9,857,3362016Assets 2017: $12,844,320Liabilities 2017: $2,942,878Net Assets 2017: $9,901,4422017Assets 2018: $14,859,844Liabilities 2018: $4,425,794Net Assets 2018: $10,434,0502018Assets 2019: $14,291,860Liabilities 2019: $2,750,486Net Assets 2019: $11,541,3742019Assets 2020: $16,201,935Liabilities 2020: $3,041,547Net Assets 2020: $13,160,3882020Assets 2021: $19,972,331Liabilities 2021: $3,025,681Net Assets 2021: $16,946,6502021Assets 2022: $23,803,109Liabilities 2022: $5,551,755Net Assets 2022: $18,251,3542022Assets 2023: $26,470,695Liabilities 2023: $5,438,021Net Assets 2023: $21,032,6742023Assets 2024: $29,633,737Liabilities 2024: $4,586,915Net Assets 2024: $25,046,8222024Assets 2025: $35,594,373Liabilities 2025: $5,165,049Net Assets 2025: $30,429,3242025

Highlighted filing

2022

Assets$23,803,109
Liabilities$5,551,755
Net Assets$18,251,354

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $19,776,830Expenses 2011: $19,000,783Net Income 2011: $776,0472011Expenses 2012: $21,677,4312012Revenue 2013: $23,319,845Expenses 2013: $23,410,119Net Income 2013: -$90,2742013Revenue 2014: $26,422,543Expenses 2014: $25,501,068Net Income 2014: $921,4752014Revenue 2015: $29,582,933Expenses 2015: $28,114,140Net Income 2015: $1,468,7932015Revenue 2016: $31,837,579Expenses 2016: $30,564,672Net Income 2016: $1,272,9072016Revenue 2017: $32,244,281Expenses 2017: $31,774,143Net Income 2017: $470,1382017Revenue 2018: $33,336,342Expenses 2018: $32,433,154Net Income 2018: $903,1882018Revenue 2019: $34,652,535Expenses 2019: $33,545,211Net Income 2019: $1,107,3242019Revenue 2020: $34,863,854Expenses 2020: $33,240,676Net Income 2020: $1,623,1782020Revenue 2021: $36,351,308Expenses 2021: $32,565,046Net Income 2021: $3,786,2622021Revenue 2022: $36,848,253Expenses 2022: $35,259,595Net Income 2022: $1,588,6582022Revenue 2023: $41,021,483Expenses 2023: $38,453,783Net Income 2023: $2,567,7002023Revenue 2024: $49,042,275Expenses 2024: $44,655,484Net Income 2024: $4,386,7912024Revenue 2025: $55,692,222Expenses 2025: $49,749,810Net Income 2025: $5,942,4122025

Highlighted filing

2022

Revenue$36,848,253
Expenses$35,259,595
Net Income$1,588,658
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 15, 2022
Return Version
2021v4.2
Gross Receipts
$36,848,253
Mission and Program Overview

Mission

Founded in 1973, bristol elder services, inc. Is a private non-profit corporation, designated as an aging services access point and an area agency on aging. Bristol serves as the entry point for elder services in southeastern massachusetts.

The agency provides comprehensive services to elders in the towns of attleboro, berkley, dighton, fall river, freetown, mansfield, north attleboro, norton, raynham, rehoboth, seekonk, somerset, swansea, taunton, and westport.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,489,305$13,893,845▲ $5,404,540
Accounts Receivable$7,226,009$6,394,266▼ $831,743
Investments in Publicly Traded Securities$3,989,183$3,341,584▼ $647,599
Prepaid Expenses and Deferred Charges$110,200$124,113▲ $13,913
Land, Buildings, and Equipment, Net$157,634$49,301▼ $108,333
Total Assets$19,972,331$23,803,109▲ $3,830,778
Liabilities
Accounts Payable and Accrued Expenses$2,916,254$5,247,770▲ $2,331,516
Deferred Revenue$109,427$303,985▲ $194,558
Total Liabilities$3,025,681$5,551,755▲ $2,526,074
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,915,651$18,228,203▲ $1,312,552
Net Assets With Donor Restrictions$30,999$23,151▼ $7,848
Total Net Assets Fund Balance$16,946,650$18,251,354▲ $1,304,704
Total Liabilities and Net Assets / Fund Balance$19,972,331$23,803,109▲ $3,830,778

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,526$470,008$486,534
Leasehold Improvements$32,775$106,444$139,219
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy MunsonChief Executive OfficerFT$240,841$19,701$260,542
Julia KleinChief Operating OfficerFT$169,685$27,829$197,514
Susan BenfeitoChief Financial OfficerFT$128,631$14,162$142,793
Sandra FrechetteChief Programs OfficerFT$103,529$12,881$116,410
Lisa KurowskiProtective Services SupervisorFT$100,068$12,662$112,730
Debora Avila-carreiroNutrition DirectorFT$104,994$5,671$110,665
Diane ThomasDirector of Home CareFT$102,804$5,561$108,365
Christine SiroisChief Operating OfficerFT$100,127$5,427$105,554

Board Members and Trustees

NameTitle
Bruce ThayerChairperson
Cj PatelVice Chairperson
Barb MaynesDirector
Brittney LynchDirector
Claire SullivanDirector
Dan OuelletteDirector
Debra MaltaisDirector
Diane McquadeDirector
Eileen BeaulieuDirector
Janet RichardiDirector
Jim DearrudaDirector
Joanne RoqueDirector
Judith AubinDirector
Kathleen PearleDirector
Louise BoulangerDirector
Margaret RileyDirector
Renee HowayeckDirector
Richard KelsayDirector
Sandra ChristounDirector
Sharon RiceDirector
Virginia KingDirector
Ashley CartwrightSecretary
Julie AlmondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,184,901
Program Service Revenue
$12,235,345
Investment Income
$-625,980
Other Revenue
$53,987
All Other Contributions
$153,149
Change in Net Assets
$1,588,658

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,848,253
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$36,848,253
Total Revenue per Form 990
$36,848,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,343,451
Salaries, Compensation, and Employee Benefits$11,422,141
Other Expenses$3,494,003
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$19,561,849--$19,561,849
Other Salaries and Wages$8,422,207$729,569-$9,151,776
Payroll Taxes$732,060$82,468-$814,528
Grants to Domestic Orgs$781,602--$781,602
Other Employee Benefits$575,760$92,167-$667,927
Occupancy$532,847$35,776-$568,623
Office Expenses$314,577$123,481-$438,058
Current Officers, Directors, Trustees, and Key Employees-$418,518-$418,518
Pension Plan Contributions$317,339$52,053-$369,392
Travel$311,946$122-$312,068
Information Technology$159,309$86,285-$245,594
Depreciation Depletion-$108,333-$108,333
Fees for Services Accounting-$44,000-$44,000
Insurance-$22,472-$22,472
Advertising$20,528--$20,528
Other Expenses$19,930$13,206-$19,930
Fees for Services Legal-$18,000-$18,000
All Other Expenses-$10,980-$10,980
Conferences and Meetings$486$1,116-$1,602
Total Functional Expenses$33,421,049$1,838,546$0$35,259,595

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$35,259,595
Total Expenses per Audited Statements$35,259,595
Total Expenses per Form 990$35,259,595
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Counseling of Bristol County IncTaunton, MA501(c)(3)Elder Mental Health Services$251,128
Coastline Elderly ServicesNew Bedford, MA501(c)(3)Long-term Care Options$135,451
Southeast Center for Independent Living IncFall River, MA501(c)(3)Long-term Care Options$135,451
Old Colony Elderly ServicesBrockton, MA501(c)(3)Long-term Care Options$63,287
South Coastal Counties Legal ServicesFall River, MA501(c)(3)Elder Legal Assistance$54,995
Attleboro YmcaAttleboro, MAGovernment EntityPerishable Food Items and Nutrition Information for Seniors$38,336
Fall River Fire DepartmentFall River, MAGovernment EntityProvide Wellness Checks for Elders and Install of Assistive Devices$16,409
Norton Council on AgingNorton, MA501(c)(3)Rental of Physical Space for Fitness Classes and Other Programming for Seniors$13,716
Newman YmcaSeekonk, MA501(c)(3)Behavioral Health Services for Seniors$8,261
Collaborative Community Access to RidesAttleboro, MA-Transportation$8,050
Westport Council on AgingWestport, MA501(c)(3)Supportive Services for Elders$6,400
Buzzards Bay Speech TherapyMattapoisett, MAGovernment EntitySupportive Services for Elders$6,168
Attleboro Council on AgingAttleboro, MA501(c)(3)Outreach$6,011
Community Visiting Nurse AssociationAttleboro, MAGovernment EntityDental Services for Seniors$6,000
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is reviewed by the fiscal officer as well as the signing officer. The finance committee of the board of directors reviews the return at its scheduled meeting

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

The ceo develops a list each year and refers to it during discussions that could give rise to conflicts. All members who may have a conflict of interest are asked to leave the discussion/vote.

Form 990, Part VI, Section B, Line 15

Ceo, per board of directors' vote, has authority to establish salaries. For key employees, the methodology is to evaluate: 1) performance over the past year, 2) salary increase to ceo by board, 3) salary increases awarded to all staff, and 4) comparable salaries for like positions, if applicable.

Form 990, Part VI, Section C, Line 19

The governing documents, financial statements, and conflict of interest policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Bristol Elder Services Inc
EIN
04-2545767
Phone
5086752101
Address
1 FATHER DEVALLES BLVD 8, FALL RIVER, MA 02723

Signing Officer

Name
Susan Benfeito
Title
Chief Executive Officer
Phone
5086752101
Signed
2022-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julia Klein
Formed
1973
Legal Domicile
Ma
Voting Board Members
23
Independent Board Members
23
Employees
184
Volunteers
88

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET STE 203, DEDHAM, MA 02026
Preparer
Eric Mahoney
Phone
6172629898
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Due to other asap -283,954.

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

As of june 30, 2022, the organization has evaluated the tax positions taken in its previously filed returns and those expected to be taken in its fiscal year 2022 returns and believe they are more-likely-than-not of being sustained if examined by federal or state tax authorities. The organization's fiscal year 2019 through 2021 tax years remain subject to examination by federal and state tax authorities.

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IRS990/ActivityOrMissionDesc0THE AGENCY PROVIDES COMPREHENSIVE SERVICES TO ELDERS IN THE TOWNS OF ATTLEBORO, BERKLEY, DIGHTON, FALL RIVER, FREETOWN, MANSFIELD, NORTH ATTLEBORO, NORTON, RAYNHAM, REHOBOTH, SEEKONK, SOMERSET, SWANSEA, TAUNTON, AND WESTPORT.
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IRS990/Form990PartVIISectionAGrp/PersonNm15CJ PATEL
IRS990/Form990PartVIISectionAGrp/PersonNm16DIANE MCQUADE
IRS990/Form990PartVIISectionAGrp/PersonNm17JANET RICHARDI
IRS990/Form990PartVIISectionAGrp/PersonNm18MARGARET RILEY
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IRS990/Form990PartVIISectionAGrp/PersonNm20SHARON RICE
IRS990/Form990PartVIISectionAGrp/PersonNm21CLAIRE SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm22RENEE HOWAYECK
IRS990/Form990PartVIISectionAGrp/PersonNm23NANCY MUNSON
IRS990/Form990PartVIISectionAGrp/PersonNm24SUSAN BENFEITO
IRS990/Form990PartVIISectionAGrp/PersonNm25JULIA KLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm26SANDRA FRECHETTE
IRS990/Form990PartVIISectionAGrp/PersonNm27CHRISTINE SIROIS
IRS990/Form990PartVIISectionAGrp/PersonNm28DEBORA AVILA-CARREIRO
IRS990/Form990PartVIISectionAGrp/PersonNm29DIANE THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm30LISA KUROWSKI
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF PROGRAMS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt28NUTRITION DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR OF HOME CARE
IRS990/Form990PartVIISectionAGrp/TitleTxt30PROTECTIVE SERVICES SUPERVISOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToOrganizationsInd01
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/InformationTechnologyGrp/ProgramServicesAmt0159309
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IRS990/InsuranceGrp/ManagementAndGeneralAmt022472
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0FOUNDED IN 1973, BRISTOL ELDER SERVICES, INC. IS A PRIVATE NON-PROFIT CORPORATION, DESIGNATED AS AN AGING SERVICES ACCESS POINT AND AN AREA AGENCY ON AGING. BRISTOL SERVES AS THE ENTRY POINT FOR ELDER SERVICES IN SOUTHEASTERN MASSACHUSETTS.
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IRS990/OccupancyGrp/ProgramServicesAmt0532847
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0314577
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0MEALS
IRS990/OtherExpensesGrp/Desc1STIPENDS
IRS990/OtherExpensesGrp/Desc2CONSULTING SERVICES
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IRS990/OtherExpensesGrp/TotalAmt1123140
IRS990/OtherExpensesGrp/TotalAmt226576
IRS990/OtherExpensesGrp/TotalAmt319930
IRS990/OtherRevenueMiscGrp/BusinessCd0621610
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt09
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt053978
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt053987
IRS990/OtherRevenueTotalAmt053987

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$35.6$5.17$30.4$55.7$49.7$5.94
2024Detailed filing. Detailed filing data is available for this year.$29.6$4.59$25.0$49.0$44.7$4.39
2023Detailed filing. Detailed filing data is available for this year.$26.5$5.44$21.0$41.0$38.5$2.57
2022Detailed filing. Detailed filing data is available for this year.$23.8$5.55$18.3$36.8$35.3$1.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$3.03$16.9$36.4$32.6$3.79
2020Detailed filing. Detailed filing data is available for this year.$16.2$3.04$13.2$34.9$33.2$1.62
2019Detailed filing. Detailed filing data is available for this year.$14.3$2.75$11.5$34.7$33.5$1.11
2018Detailed filing. Detailed filing data is available for this year.$14.9$4.43$10.4$33.3$32.4$0.90
2017Detailed filing. Detailed filing data is available for this year.$12.8$2.94$9.90$32.2$31.8$0.47
2016Detailed filing. Detailed filing data is available for this year.$12.3$2.48$9.86$31.8$30.6$1.27
2015Detailed filing. Detailed filing data is available for this year.$11.8$3.03$8.78$29.6$28.1$1.47
2014Detailed filing. Detailed filing data is available for this year.$9.85$2.54$7.31$26.4$25.5$0.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.41$2.03$6.39$23.3$23.4$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.54$2.07$6.48$21.7
2011Summary only. Only limited summary data is available for this year.$8.37$2.08$6.29$19.8$19.0$0.78