Civic Intelligence

Southeastern Massachusetts Home Health Aides Inc

990 • Fiscal year 2020 • EIN 04-2622165

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

101 Morgan StreetFall River, MA 02721

(508) 672-1128

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.02x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.24x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

33rd percentile

-1.8%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

86th percentile

50%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-5.9%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$282,707

Up $94,724 (+50%) from 2019

Net Assets

Down

-$4,461

Down $20,966 (-127%) from 2019

Liabilities

Up

$287,168

Up $115,690 (+67%) from 2019

Revenue

Down

$1,175,120

Down $73,857 (-5.9%) from 2019

Expenses

Down

$1,196,086

Down $135,784 (-10%) from 2019

Net Income

Up

-$20,966

Up $61,927 (+75%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $1,277,765Liabilities 2010: $208,151Net Assets 2010: $1,069,6142010Assets 2011: $1,275,899Liabilities 2011: $217,281Net Assets 2011: $1,058,6182011Assets 2012: $1,227,197Liabilities 2012: $168,358Net Assets 2012: $1,058,8392012Assets 2013: $1,078,514Liabilities 2013: $53,012Net Assets 2013: $1,025,5022013Assets 2014: $932,500Liabilities 2014: $63,939Net Assets 2014: $868,5612014Assets 2015: $795,605Liabilities 2015: $57,921Net Assets 2015: $737,6842015Assets 2016: $590,826Liabilities 2016: $24,613Net Assets 2016: $566,2132016Assets 2017: $359,934Liabilities 2017: $30,110Net Assets 2017: $329,8242017Assets 2018: $198,099Liabilities 2018: $98,701Net Assets 2018: $99,3982018Assets 2019: $187,983Liabilities 2019: $171,478Net Assets 2019: $16,5052019Assets 2020: $282,707Liabilities 2020: $287,168Net Assets 2020: -$4,4612020Assets 2021: $301,994Liabilities 2021: $236,720Net Assets 2021: $65,2742021Assets 2022: $396,401Liabilities 2022: $16,916Net Assets 2022: $379,4852022Assets 2023: $528,218Liabilities 2023: $108,624Net Assets 2023: $419,5942023Assets 2024: $558,259Liabilities 2024: $64,946Net Assets 2024: $493,3132024Assets 2025: $585,373Liabilities 2025: $57,040Net Assets 2025: $528,3332025

Highlighted filing

2020

Assets$282,707
Liabilities$287,168
Net Assets-$4,461

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,469,8162010Expenses 2011: $1,482,2282011Expenses 2012: $1,542,2632012Revenue 2013: $1,456,427Expenses 2013: $1,489,764Net Income 2013: -$33,3372013Revenue 2014: $1,563,530Expenses 2014: $1,720,471Net Income 2014: -$156,9412014Revenue 2015: $1,568,641Expenses 2015: $1,699,518Net Income 2015: -$130,8772015Revenue 2016: $1,556,774Expenses 2016: $1,728,245Net Income 2016: -$171,4712016Revenue 2017: $1,447,952Expenses 2017: $1,684,341Net Income 2017: -$236,3892017Revenue 2018: $1,344,992Expenses 2018: $1,575,418Net Income 2018: -$230,4262018Revenue 2019: $1,248,977Expenses 2019: $1,331,870Net Income 2019: -$82,8932019Revenue 2020: $1,175,120Expenses 2020: $1,196,086Net Income 2020: -$20,9662020Revenue 2021: $1,222,013Expenses 2021: $1,152,278Net Income 2021: $69,7352021Revenue 2022: $1,365,338Expenses 2022: $1,051,127Net Income 2022: $314,2112022Revenue 2023: $1,107,569Expenses 2023: $1,067,460Net Income 2023: $40,1092023Revenue 2024: $1,069,597Expenses 2024: $995,878Net Income 2024: $73,7192024Revenue 2025: $962,114Expenses 2025: $927,094Net Income 2025: $35,0202025

Highlighted filing

2020

Revenue$1,175,120
Expenses$1,196,086
Net Income-$20,966
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$1,175,120
Mission and Program Overview

Mission

Homecare services and home health aide services.

Homecare services and home health aides services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$99,088$180,995▲ $81,907
Cash and Non-Interest-Bearing Accounts$74,115$86,924▲ $12,809
Prepaid Expenses and Deferred Charges$9,948$7,018▼ $2,930
Savings and Temporary Cash Investments$4,645$4,650▲ $5
Land, Buildings, and Equipment, Net$187--
Total Assets$187,983$282,707▲ $94,724
Other Assets Total-$3,120-
Liabilities
Unsecured Notes Loans Payable-$192,175-
Mortgage Notes Payable Secured by Investment Property$100,000$50,000▼ $50,000
Accounts Payable and Accrued Expenses$71,478$44,993▼ $26,485
Total Liabilities$171,478$287,168▲ $115,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,505$-4,461▼ $20,966
Total Net Assets Fund Balance$16,505$-4,461▼ $20,966
Total Liabilities and Net Assets / Fund Balance$187,983$282,707▲ $94,724

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$34,335$34,335
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael RoussosPresident
Alice VasconcellosDelegate
Chris LavoieDelegate
Donna MirandaTreasurer
Joan LynchVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,175,115
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$-20,966

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,175,120
Total Revenue per Audited Statements
$1,175,120
Total Revenue per Form 990
$1,175,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,084,364
Other Expenses$111,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$736,783$77,578-$814,361
Other Employee Benefits$183,120$13,669-$196,789
Payroll Taxes$66,239$6,975-$73,214
Insurance$32,583$230-$32,813
Fees for Services Accounting-$19,750-$19,750
Occupancy-$18,977-$18,977
Office Expenses-$6,701-$6,701
Interest-$4,722-$4,722
Other Expenses$1,970$720-$1,970
Travel-$1,961-$1,961
All Other Expenses$360--$360
Depreciation Depletion-$187-$187
Advertising-$151-$151
Total Functional Expenses$1,036,462$159,624$0$1,196,086

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,196,086
Total Expenses per Audited Statements$1,196,086
Total Expenses per Form 990$1,196,086
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
No
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, Page 6, Part VI, Line 11B

Form 990 is distributed to the board and reviewed by the board before filing.

Form 990, Page 6, Part VI, Line 12C

The policies are mentioned and discussed at regular meetings and discussed with employees.

Form 990, Page 6, Part VI, Line 15A

Regular scheduled meetings of the board of directors and the executive director's compensation is put on the agenda.

Form 990, Page 6, Part VI, Line 19

All information is available upon request.

Filing and Contact Details

Filer

Filer Name
Southeastern Massachusetts Home
EIN
04-2622165
Phone
5086721128
Address
101 MORGAN STREET, FALL RIVER, MA 02721

Signing Officer

Name
Michael Roussos
Title
President
Phone
5086721128
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Lynch
Formed
1977
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
46

Preparer

Firm
Stanton & Co
Address
400 WEST CUMMINGS PARK STE 5850, WOBURN, MA 01801
Preparer
Sondi B Stanton
Phone
7819331744
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICIES ARE MENTIONED AND DISCUSSED AT REGULAR MEETINGS AND DISCUSSED WITH EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REGULAR SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR'S COMPENSATION IS PUT ON THE AGENDA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INFORMATION IS AVAILABLE UPON REQUEST.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL ROUSSOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-05
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STANTON & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 WEST CUMMINGS PARK STE 5850
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-05
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ReturnHeader/ReturnTs02021-11-15T10:18:56-06:00
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.59$0.06$0.53$0.96$0.93$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.06$0.49$1.07$1.00$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.11$0.42$1.11$1.07$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$1.37$1.05$0.31
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.24$0.07$1.22$1.15$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.29$0.00$1.18$1.20$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.17$0.02$1.25$1.33$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.10$0.10$1.34$1.58$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.03$0.33$1.45$1.68$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.57$1.56$1.73$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.80$0.06$0.74$1.57$1.70$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.93$0.06$0.87$1.56$1.72$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.08$0.05$1.03$1.46$1.49$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.17$1.06$1.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.22$1.06$1.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.21$1.07$1.47