Civic Intelligence

Manet Community Health Center Inc

EIN 04-2646695 • 501(c)3 • North Quincy, MA

Profile

Manet community health center is a 501(c)3 federally qualified community health center with five locations that serve communities in southeastern massachusetts. For over thirty years, manet has been fulfilling its mission to the community - we are a not-for-profit health and social services provider, and we exist to be your partner for a healthier life.

110 West Squantum StreetNorth Quincy, MA 02171-2434

www.manetchc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.26x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.24x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

29th percentile

-1.8%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$327,872

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

18th percentile

-3.6%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

13%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$29,810,196

Down $1,123,552 (-3.6%) from 2023

Liabilities

Down

$7,706,274

Down $1,830,443 (-19%) from 2023

Net Assets

Up

$22,103,922

Up $706,891 (+3.3%) from 2023

Revenue

Up

$31,638,804

Up $3,761,581 (+13%) from 2023

Expenses

Up

$32,201,710

Up $5,537,839 (+21%) from 2023

Net Income

Down

-$562,906

Down $1,776,258 (-146%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $6,108,496Liabilities 2010: $5,052,331Net Assets 2010: $1,056,1652010Assets 2011: $6,905,912Liabilities 2011: $5,104,260Net Assets 2011: $1,801,6522011Assets 2012: $7,428,079Liabilities 2012: $5,516,734Net Assets 2012: $1,911,3452012Assets 2013: $9,400,759Liabilities 2013: $5,328,925Net Assets 2013: $4,071,8342013Assets 2014: $12,819,118Liabilities 2014: $6,091,411Net Assets 2014: $6,727,7072014Assets 2015: $12,522,524Liabilities 2015: $5,588,983Net Assets 2015: $6,933,5412015Assets 2016: $12,160,604Liabilities 2016: $5,215,108Net Assets 2016: $6,945,4962016Assets 2017: $11,916,169Liabilities 2017: $5,897,620Net Assets 2017: $6,018,5492017Assets 2018: $12,452,592Liabilities 2018: $6,053,510Net Assets 2018: $6,399,0822018Assets 2019: $13,462,376Liabilities 2019: $6,055,377Net Assets 2019: $7,406,9992019Assets 2020: $18,050,290Liabilities 2020: $7,787,309Net Assets 2020: $10,262,9812020Assets 2021: $20,615,590Liabilities 2021: $7,331,911Net Assets 2021: $13,283,6792021Assets 2022: $26,666,253Liabilities 2022: $8,353,642Net Assets 2022: $18,312,6112022Assets 2023: $30,933,748Liabilities 2023: $9,536,717Net Assets 2023: $21,397,0312023Assets 2024: $29,810,196Liabilities 2024: $7,706,274Net Assets 2024: $22,103,9222024

Highlighted filing

2024

Assets$29,810,196
Liabilities$7,706,274
Net Assets$22,103,922

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $9,699,8092010Expenses 2011: $9,928,6582011Expenses 2012: $10,623,1162012Revenue 2013: $12,575,928Expenses 2013: $12,041,610Net Income 2013: $534,3182013Revenue 2014: $16,196,544Expenses 2014: $13,536,031Net Income 2014: $2,660,5132014Revenue 2015: $14,891,192Expenses 2015: $14,632,200Net Income 2015: $258,9922015Revenue 2016: $14,332,563Expenses 2016: $14,061,234Net Income 2016: $271,3292016Revenue 2017: $13,615,523Expenses 2017: $14,858,988Net Income 2017: -$1,243,4652017Revenue 2018: $16,587,298Expenses 2018: $16,403,181Net Income 2018: $184,1172018Revenue 2019: $18,228,008Expenses 2019: $17,059,549Net Income 2019: $1,168,4592019Revenue 2020: $21,391,558Expenses 2020: $18,292,592Net Income 2020: $3,098,9662020Revenue 2021: $24,283,692Expenses 2021: $22,242,087Net Income 2021: $2,041,6052021Revenue 2022: $30,779,727Expenses 2022: $26,010,386Net Income 2022: $4,769,3412022Revenue 2023: $27,877,223Expenses 2023: $26,663,871Net Income 2023: $1,213,3522023Revenue 2024: $31,638,804Expenses 2024: $32,201,710Net Income 2024: -$562,9062024

Highlighted filing

2024

Revenue$31,638,804
Expenses$32,201,710
Net Income-$562,906

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.8$7.71$22.1$31.6$32.2$0.56
2023Detailed filing. Detailed filing data is available for this year.$30.9$9.54$21.4$27.9$26.7$1.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$8.35$18.3$30.8$26.0$4.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$7.33$13.3$24.3$22.2$2.04
2020Detailed filing. Detailed filing data is available for this year.$18.1$7.79$10.3$21.4$18.3$3.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$6.06$7.41$18.2$17.1$1.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$6.05$6.40$16.6$16.4$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$5.90$6.02$13.6$14.9$1.24
2016Detailed filing. Detailed filing data is available for this year.$12.2$5.22$6.95$14.3$14.1$0.27
2015Detailed filing. Detailed filing data is available for this year.$12.5$5.59$6.93$14.9$14.6$0.26
2014Detailed filing. Detailed filing data is available for this year.$12.8$6.09$6.73$16.2$13.5$2.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.40$5.33$4.07$12.6$12.0$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.43$5.52$1.91$10.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$5.10$1.80$9.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$5.05$1.06$9.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$31,677,950
Mission and Program Overview

Mission

Manet community health center is a 501(c)3 federally qualified community health center with five locations that serve communities in southeastern massachusetts. For over thirty years, manet has been fulfilling its mission to the community - we are a not-for-profit health and social services provider, and we exist to be your partner for a healthier life.

We ensure quality, comprehensive healthcare for all

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,943,188$11,854,910▲ $911,722
Land, Buildings, and Equipment, Net$9,386,164$10,138,279▲ $752,115
Accounts Receivable$2,455,355$2,314,690▼ $140,665
Savings and Temporary Cash Investments$4,365,006$2,226,326▼ $2,138,680
Pledges and Grants Receivable$821,412$940,327▲ $118,915
Prepaid Expenses and Deferred Charges$234,357$232,141▼ $2,216
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$30,933,748$29,810,196▼ $1,123,552
Other Assets Total$2,728,266$2,103,523▼ $624,743
Liabilities
Accounts Payable and Accrued Expenses$3,323,954$2,295,294▼ $1,028,660
Other Liabilities$2,854,333$2,209,900▼ $644,433
Tax Exempt Bond Liabilities$2,121,671$1,998,320▼ $123,351
Deferred Revenue$1,002,545$1,058,196▲ $55,651
Mortgage Notes Payable Secured by Investment Property$234,214$144,564▼ $89,650
Total Liabilities$9,536,717$7,706,274▼ $1,830,443
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,394,390$21,172,946▲ $778,556
Net Assets With Donor Restrictions$1,002,641$930,976▼ $71,665
Total Net Assets Fund Balance$21,397,031$22,103,922▲ $706,891
Total Liabilities and Net Assets / Fund Balance$30,933,748$29,810,196▼ $1,123,552

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,931,116$4,967,748$11,898,864
Equipment$1,082,426$2,712,658$3,795,084
Leasehold Improvements$2,124,737$832,437$2,957,174
Other Assets Org$58,216--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$790,676-▲ $73,553$39,789$824,440
2022$776,530-▲ $54,300$40,154$790,676
2021$850,466-▼ $69,018$4,918$776,530
2020$631,902-▲ $224,596$6,032$850,466
2019$625,348-▲ $6,554-$631,902
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William BrandonAssociate Medical OfficerFT$250,998$76,874$327,872
Cynthia SierraChief Executive OfficerFT$259,872$62,884$322,756
Lily YungChief Medical OfficerFT$251,030$68,173$319,203
Jennifer SabirSite Lead Provider, Clinical Liason to BH & MAT & Clinical Supervisor to MAT NursesFT$219,377$68,306$287,683
Robert ShinerMedical Director of Practice Design and North Quincy Lead ProviderFT$227,340$57,096$284,436
Nikita FitzcharlesPhysicianFT$218,462$38,961$257,423
Joshua OkalloPhysicianFT$223,559$30,309$253,868
Kimberly A GorenChief HR & Compliance OfficerFT$176,124$41,663$217,787
Athelstane SeraphinChief Financial Officer (Thru 12/29/2023)FT$160,778$39,039$199,817

Board Members and Trustees

NameTitle
Grace Murphy-McAuliffePresident
Anita ChristieVice President
Cochise PearsonBoard Member
Jane KisieliusBoard Member
John D BrothersBoard Member
Joseph M ReardonBoard Member
Karen WardBoard Member
Larry FlanaganBoard Member
Linda A KellyBoard Member
Nancy WryebekBoard Member
Neda HovaliziBoard Member
Roberto Nicolas Costa CarabajalBoard Member
Samantha ChenBoard Member
Tara MajorBoard Member
Zachary EatonBoard Member
Ivan WongSecretary
Robert J GriffinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,544,409
Program Service Revenue
$25,772,942
Investment Income
$14,241
Other Revenue
$307,212
All Other Contributions
$359,065
Change in Net Assets
$-562,906

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,638,804
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,441,292
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$33,080,096
Total Revenue per Form 990
$31,638,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,915,454
Other Expenses$12,286,256
Total Fundraising Expense$284,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,696,208$1,707,573$116,043$15,519,824
Other Employee Benefits$1,733,337$204,771$8,149$1,946,257
Occupancy$1,524,819-$8,348$1,533,167
Payroll Taxes$1,120,702$132,396$5,269$1,258,367
Current Officers, Directors, Trustees, and Key Employees$937,939$115,688$7,336$1,060,963
Office Expenses$862,206$158,732$7,446$1,028,384
Fees for Services Other$754,679$225,077$90$979,846
Depreciation Depletion$623,152$152,361-$775,513
Other Expenses$468,623$34,271$2,422$505,316
Fees for Services Accounting-$303,999-$303,999
Advertising$56,546$126,151$36,626$219,323
Insurance$32,617$158,979$26,871$218,467
All Other Expenses$71,927$59,052$41,812$172,791
Interest$31$141,892-$141,923
Pension Plan Contributions$115,817$13,682$544$130,043
Travel$47,662$17,004$1,188$65,854
Fees for Services Legal-$60,799-$60,799
Total Functional Expenses$28,197,213$3,719,594$284,903$32,201,710

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,373,205
Expenses per Audited Statements$32,201,710
Total Expenses per Form 990$32,201,710
Expenses Not Reported on Form 990$171,495
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$2,057,233
Interest Rate Swap Agreement$152,667

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Massachusetts Development Finance Agency2006-12-01$2,519,322To finance manet's renovation project.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,519,322-$272,912$101,065

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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, Line 11B Review of form 990 by governing body

The process used to review the form 990 with manet's governing body is as follows: (1) an initial overview presentation is provided to the finance committee of the board early on in the process of completing the form 990, (2) any clarifications or questions are addressed during the period of completing the form 990, (3) the completed form 990 is provided to the full board of directors for review and approval prior to submission.

Form 990, Part VI, Line 12C Conflict of interest policy

At the annual meeting of the board of directors, customarily held in december of each year, each member of the board signs a conflict of interest policy, with the ability to disclose any interests that could give rise to conflicts. If a conflict of interest arises, the director with the conflict will recuse themselves to ensure there are no issues.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

A compensation review was last completed in 2023 by bondcliff hr advisors.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

A compensation review was last completed in 2023 by bondcliff hr advisors.

Form 990, Part VI, Line 19 Required documents available to the public

Manet's financial documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Manet Community Health Center Inc
EIN
04-2646695
Phone
6173763030
Address
110 WEST SQUANTUM STREET, NORTH QUINCY, MA 02171-2434

Signing Officer

Name
Marc Conroy
Title
CFO
Phone
6173763030
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1977
Legal Domicile
Ma
Voting Board Members
17
Independent Board Members
17
Employees
259
Volunteers
40

Preparer

Firm
Forvis Mazars LLP
Address
135 West 50th Street, New York, NY 10020
Preparer
Aaron Shapiro
Phone
2128127000
Supplemental Narrative

Additional Explanations

Program Service

Manet's exceptional primary care providers and health professionals deliver patient-centered, compassionate, high quality, accessible care to patients of all ages -- infants, children, adolescents, adults and seniors. Manet's primary care services include internal/adult medicine, family medicine, pediatrics, adolescent health, women's health, geriatric care and infectious disease medicine. Services also include prenatal and gynecological care, newborn and well child care, immunizations, reproductive health and family planning, minor surgical procedures. Manet provides services that are reflective of the languages and cultures of the communities it serves, offering primary and preventative care at five locations, six days per week, including evenings.manet ensures access to care by employing patient navigators to counsel and assist patients with enrollment in affordable health insurance and other available social services, as well as medical interpretation services for patients for whom english is not their first language. Manet also offers on-site laboratory, pharmacy and vision services, as well as 24-hour on-call coverage for registered patients. Accredited by the joint commission, manet's practice sites are recognized as level 3 patient centered medical homes by the national committee for quality assurance (nqca)-north quincy (june 2014); north quincy adult medicine (august 2014); hull (september 2014); houghs neck (september 2014); and snug harbor (march 2015).

Program Service

Manet offers a variety of programs that address behavioral health and substance use disorders. These include an hiv, sti, and hepatitis prevention and testing program, opioid overdose prevention and reversal program, and an office-based medication assisted treatment program. The hiv, st! And hepatitis prevention program focuses on outreach efforts to educate, screen and, working closely with manet's infectious disease physician, refer into care individuals who are at risk for hiv, sexually transmitted diseases and hepatitis, particularly intravenous drug users. This program dovetails with overdose prevention and reversal program, which provides narcan training and distribution for those at risk for opioid overdose, as well as anyone in the community who is in contact with this population. The prevention team conducts street outreach as well as on-site education at a variety of community venues, including detox and drug treatment programs, recovery/sober homes, homeless shelters and correctional facilities. The team educates more than 7,500 at risk individuals, screens nearly 3,000 patients for stis and hep c, and distributes nearly 1,300 narcan kits annually. In addition, manet offers early intervention and treatment to patients with substance use disorders and those at risk of developing these disorders. Using screening, brief intervention, and referral to treatment (sbirt), an evidence-based practice used to identify, reduce and prevent problematic use, abuse and dependence on alcohol and illicit drugs, manet's health promotion advocate is able to counsel patients and, if needed, refer them for treatment. Manet also offers a medication assisted treatment program for patients with substance use disorders. Manet primary care providers are certified to offer buprenorphine (suboxone) to opioid-dependent patients as part of a patient's ongoing care and they may also prescribe injectable naltrexone (vivitrol). A nurse case manager works with the prescribing provider to help manage all aspects of the patients' health and wellness, including screening for opiates, counseling and education, making follow-up appointments and referrals. Manet's on-site pharmacy, eaton apothecary, is part of the care team, available to answer questions and ensuring coordination of care.

Program Service

Manet's chronic disease management program helps people struggling with conditions such as asthma, diabetes or cardiovascular disease. Clinical care managers coordinate care for our most complicated patients and work with them to control their conditions and decrease the likelihood of them developing significant, debilitating complications. Manet's licensed registered dietitian provides nutrition support and medical nutrition therapy for many chronic health conditions, including diabetes or renal disease, high cholesterol, eating disorders, obesity, gastrointestinal issues, or food allergies. Manet's diabetes self-management education program is accredited by the diabetes education accreditation program of the american association of diabetic educators. In addition, manet also offers free chronic disease management, nutrition, falls prevention and tobacco cessation classes in conjunction with community partners through a prevention and wellness trust fund grant. Some of manet's recent achievements in chronic disease management include: completion of a two-year american cancer society/ walgreens change grant program resulting in 38% of manet's screening eligible population being up-to-date for colorectal cancer screening; participation in the million hearts cardiovascular disease risk reduction model to help reduce the risk of heart attacks and strokes among medicare fee-for-service beneficiaries; participation in the 80% by 2018 initiative led by the american cancer society, centers for disease control and prevention and the national colorectal roundtable, pledging to screen 63% of patients age 45 and older for colorectal cancer.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Interest Rate Swap - 57291; Grant for Acquisition of PP&E - 1164315;

Form 990, Part XII, Line 2C Change of oversight process or selection process

Manet has a committee that assumes responsibility for the oversight of the audit of the annual financial statements.

Financial Statement Notes

Schedule D, Part V, Line 4

The health center's endowment consists of one individual fund established to support health care services and to provide fellowships to further clinical and scientific investigation in the field of medicine.

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The health center's endowment consists of one individual fund established to support health care services and to provide fellowships to further clinical and scientific investigation in the field of medicine.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Rental Expenses - 960 Change in fair value of interest rate swap - 57291 Grants for acquisition of PP&E - 1164315

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Rental Expenses - 960

Raw XML AppendixShowing 400 of 856 raw XML fields

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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