Civic Intelligence

Springhouse Inc C/O Rogerson Communities

990 • Fiscal year 2016 • EIN 04-3152499

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 17, 2017

Organization ProfileWWW.SPRINGHOUSEINFO.ORG

View Organization Page

One Florence StreetBoston, MA 02131

(617) 469-5800

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

3.31x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

78th percentile

16%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

66th percentile

6.4%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

0.1%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$28,745,685

Up $1,722,637 (+6.4%) from 2015

Net Assets

Up

$2,856,576

Up $1,872,342 (+190%) from 2015

Liabilities

Down

$25,889,109

Down $149,705 (-0.6%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin78th percentile

Revenue

Up

$7,819,927

Up $4,448 (+0.1%) from 2015

Expenses

Up

$6,588,233

Up $177,539 (+2.8%) from 2015

Net Income

Down

$1,231,694

Down $173,091 (-12%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$40M$20M$0-$20MAssets 2010: $23,653,214Liabilities 2010: $26,850,392Net Assets 2010: -$3,197,1782010Assets 2011: $23,384,493Liabilities 2011: $26,151,835Net Assets 2011: -$2,767,3422011Assets 2012: $23,095,405Liabilities 2012: $25,867,681Net Assets 2012: -$2,772,2762012Assets 2013: $24,035,357Liabilities 2013: $25,572,566Net Assets 2013: -$1,537,2092013Assets 2014: $25,545,453Liabilities 2014: $26,309,999Net Assets 2014: -$764,5462014Assets 2015: $27,023,048Liabilities 2015: $26,038,814Net Assets 2015: $984,2342015Assets 2016: $28,745,685Liabilities 2016: $25,889,109Net Assets 2016: $2,856,5762016Assets 2017: $30,897,511Liabilities 2017: $25,593,441Net Assets 2017: $5,304,0702017Assets 2018: $31,386,154Liabilities 2018: $24,694,090Net Assets 2018: $6,692,0642018Assets 2019: $34,591,045Liabilities 2019: $24,645,598Net Assets 2019: $9,945,4472019Assets 2020: $35,511,858Liabilities 2020: $24,102,950Net Assets 2020: $11,408,9082020Assets 2021: $37,736,932Liabilities 2021: $22,696,635Net Assets 2021: $15,040,2972021Assets 2022: $35,790,682Liabilities 2022: $21,152,290Net Assets 2022: $14,638,3922022Assets 2023: $37,837,469Liabilities 2023: $21,703,958Net Assets 2023: $16,133,5112023Assets 2024: $35,317,791Liabilities 2024: $17,165,656Net Assets 2024: $18,152,1352024

Highlighted filing

2016

Assets$28,745,685
Liabilities$25,889,109
Net Assets$2,856,576
Open 2016 Filing

Operations Trend

Revenue Growth41st percentile

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

$20M$15M$10M$5.0M$0Revenue 2010: $6,562,717Expenses 2010: $6,206,753Net Income 2010: $355,9642010Expenses 2011: $6,465,1072011Expenses 2012: $6,313,1552012Revenue 2013: $7,178,058Expenses 2013: $6,332,807Net Income 2013: $845,2512013Revenue 2014: $8,522,239Expenses 2014: $6,362,536Net Income 2014: $2,159,7032014Revenue 2015: $7,815,479Expenses 2015: $6,410,694Net Income 2015: $1,404,7852015Revenue 2016: $7,819,927Expenses 2016: $6,588,233Net Income 2016: $1,231,6942016Revenue 2017: $8,456,026Expenses 2017: $6,849,739Net Income 2017: $1,606,2872017Revenue 2018: $8,545,462Expenses 2018: $6,967,370Net Income 2018: $1,578,0922018Revenue 2019: $8,761,785Expenses 2019: $7,017,490Net Income 2019: $1,744,2952019Revenue 2020: $8,015,522Expenses 2020: $7,574,197Net Income 2020: $441,3252020Revenue 2021: $9,492,146Expenses 2021: $7,470,878Net Income 2021: $2,021,2682021Revenue 2022: $10,693,230Expenses 2022: $7,898,423Net Income 2022: $2,794,8072022Revenue 2023: $8,807,638Expenses 2023: $8,609,562Net Income 2023: $198,0762023Revenue 2024: $15,044,663Expenses 2024: $9,104,080Net Income 2024: $5,940,5832024

Highlighted filing

2016

Revenue$7,819,927
Expenses$6,588,233
Net Income$1,231,694
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 17, 2017
Return Version
2016v3.0
Gross Receipts
$8,809,836
Mission and Program Overview

Mission

To operate a retirement community consisting of 52 independent living units, 61 assisted living, units and 22 dementia assisted living units.

To operate a retirement community consisting of 52 independent living units, 61 assisted living units, and 22 dementia assisted living units.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,374,164$11,700,782▲ $1,326,618
Land, Buildings, and Equipment, Net$10,995,152$11,291,979▲ $296,827
Cash and Non-Interest-Bearing Accounts$3,200,187$2,684,952▼ $515,235
Intangible Assets$123,436$104,535▼ $18,901
Accounts Receivable$89,569$87,988▼ $1,581
Prepaid Expenses and Deferred Charges$31,691$22,495▼ $9,196
Total Assets$27,023,048$28,745,685▲ $1,722,637
Other Assets Total$2,208,849$2,852,954▲ $644,105
Liabilities
Other Liabilities$12,356,164$12,741,827▲ $385,663
Mortgage Notes Payable Secured by Investment Property$13,025,000$12,485,000▼ $540,000
Deferred Revenue$641,317$653,873▲ $12,556
Accounts Payable and Accrued Expenses$16,333$8,409▼ $7,924
Total Liabilities$26,038,814$25,889,109▼ $149,705
Net Assets / Fund Balance
Unrestricted Net Assets$984,234$2,856,576▲ $1,872,342
Total Net Assets Fund Balance$984,234$2,856,576▲ $1,872,342
Total Liabilities and Net Assets / Fund Balance$27,023,048$28,745,685▲ $1,722,637

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,173,290$9,177,877$18,351,167
Other Land Buildings$172,966$1,514,396$1,687,362
Land$1,636,240-$1,636,240
Equipment$309,483$647,115$956,598
Leasehold Improvements$0$128,118$128,118
Other Assets Org$31,746--
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Georgia BuckPresident
Susan Correa SilvaVice President
Andrea TullTrustee
Julie TabermanTrustee
Mark RukavinaTrustee
Patricia BlanchTrustee
Mindy SpitzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
James J Welch & Co INCconstruction27 Congress St, Salem, MA 01970$527,597
Rogerson Communities Incmanagementone florence street, Roslindate, MA 02131$471,825
Healthcare Services Group INChealthcare3220 Tillman Drive Suite 300, Bensalem, PA 19020$338,798
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,496,667
Investment Income
$322,709
Other Revenue
$551
Change in Net Assets
$1,231,694

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,819,927
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$640,648
Total Revenue per Audited Statements
$8,460,575
Total Revenue per Form 990
$7,819,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,748,722
Salaries, Compensation, and Employee Benefits$2,839,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,131,163$528,298-$2,659,461
Depreciation Depletion-$704,719-$704,719
Interest-$456,486-$456,486
All Other Expenses$86,150$334,888-$421,038
Fees for Services Management-$416,128-$416,128
Insurance-$265,717-$265,717
Other Expenses$182,806$349,820-$182,806
Payroll Taxes$150,696$29,354-$180,050
Fees for Services Accounting-$99,491-$99,491
Advertising-$48,791-$48,791
Office Expenses-$27,584-$27,584
Fees for Services Other-$10,869-$10,869
Travel-$3,074-$3,074
Total Functional Expenses$3,313,014$3,275,219$0$6,588,233

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,588,233
Total Expenses per Audited Statements$6,588,233
Total Expenses per Form 990$6,588,233
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
Refund. Resident Entrance Fees$12,481,322
Accrued Expenses$190,905
Resident Deposits$53,593
Accrued Interest Payable$16,007
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“Day to day operations are managed by an independent management company.”

Form 990, Part VI, Section A, line 6

“The organization's sole member is the mount pleasant home, a massachusetts nonprofit corporation.”

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

“The mount pleasant home may appoint or terminate members of the board of directors.”

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

“The member shall have all the authority of members provided under massachusetts general laws, chapter 180, including the following reserved powers: i. Approval of any merger, consolidation, restructuring, dissolution or liquidation of the corporation, or sale or other disposition of all or substantially all of its assets; ii. Approval of any amendment to the articles of organization or by-laws of the corporation iii. Approval of any change in the philosophy, mission and values of the corporation, including, without limitation, approval of any strategic plan or initiative proposed by its governing board; iv. Approval of any auditor and annual audited financial statements of the corporation; v. Approval of any change in accounting period of the corporation; vi. Approval of any borrowing or significant changes in credit facilities in excess of ten percent (10%) of program services revenue for the most recently completed fiscal year; vii. Approval of the creation of a controlling interest in any subsidiary joint venture by or for the benefit of the corporation; and viii. Approval of transactions that involve a conflict of interest”

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

“The 990 is submitted to the treasurer for review before issuance. The 990 is also provided to all board members prior to filing.”

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

“Annually the board is required to review and sign the conflict of interest policy.”

Form 990, Part VI, Section B, line 15B

“The management company advises the board of directors concerning proposed compensation and comparability data with other similar top management positions in the management company's portfolio. The board documents the decision contemporaneously.”

Form 990, Part VI, Section C, line 19

“The form 990 and financial statements are available on the massachusetts attorney general's website. All information is available upon request at the organization.”

Filing and Contact Details

Filer

Filer Name
Springhouse Inc
EIN
04-3152499
Phone
6174695800
Address
ONE FLORENCE STREET, BOSTON, MA 02131

Signing Officer

Name
georgie buck
Title
president
Phone
6174695800
Signed
2017-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
georgie buck
Formed
1992
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
16

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Philip H Cornblatt CPA
Phone
4107834900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Gain ON INTEREST RATE SWAP 124,616.”

form 990 part XII, line 2C

“Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Board of Trustees.”

Financial Statement Notes

Part X, Line 2:

“The Organization has been recognized by the Internal Revenue Service ("IRS") as nonprofit organization as described in Section 501(c)(3) of the Internal Revenue Code ("IRC"). As such, the Organization is exempt from Federal income taxes pursuant to Section 501(a) of the IRC and no provision for income taxes has been included in the accompanying financial statements and no other tax positions must be considered for disclosure. The Organization is required to file and do file tax returns with the IRS and other taxing authorities. Income tax returns filed by the Organization are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open.”

Sch D, Part XI, Line 2D:

“Gain on interest rate swap: $124,616”

Raw XML AppendixShowing 400 of 558 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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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/InterestGrp/ManagementAndGeneralAmt0456486
IRS990/InterestGrp/TotalAmt0456486
IRS990/InvestmentIncomeGrp/ExclusionAmt0308815
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0308815
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt010374164
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011700782
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011467506
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010995152
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011291979
IRS990/LandBldgEquipCostOrOtherBssAmt022759485
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0989909
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE A RETIREMENT COMMUNITY CONSISTING OF 52 INDEPENDENT LIVING UNITS, 61 ASSISTED LIVING, UNITS AND 22 DEMENTIA ASSISTED LIVING UNITS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013025000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012485000
IRS990/NetAssetsOrFundBalancesBOYAmt0984234
IRS990/NetAssetsOrFundBalancesEOYAmt02856576
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt013894
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt013894
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0516032
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027584
IRS990/OfficeExpensesGrp/TotalAmt027584
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02208849
IRS990/OtherAssetsTotalGrp/EOYAmt02852954
IRS990/OtherChangesInNetAssetsAmt0124616
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3HOUSEKEEPING AND LAUNDR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0349820
IRS990/OtherExpensesGrp/ProgramServicesAmt0425496
IRS990/OtherExpensesGrp/ProgramServicesAmt1336703
IRS990/OtherExpensesGrp/ProgramServicesAmt2182806
IRS990/OtherExpensesGrp/TotalAmt0425496
IRS990/OtherExpensesGrp/TotalAmt1349820
IRS990/OtherExpensesGrp/TotalAmt2336703
IRS990/OtherExpensesGrp/TotalAmt3182806
IRS990/OtherLiabilitiesGrp/BOYAmt012356164
IRS990/OtherLiabilitiesGrp/EOYAmt012741827
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0551
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0551
IRS990/OtherRevenueTotalAmt0551
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0528298
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02131163
IRS990/OtherSalariesAndWagesGrp/TotalAmt02659461
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029354
IRS990/PayrollTaxesGrp/ProgramServicesAmt0150696
IRS990/PayrollTaxesGrp/TotalAmt0180050
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031691
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022495
IRS990/PrincipalOfficerNm0georgie buck
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/BusinessCd1623990
IRS990/ProgramServiceRevenueGrp/BusinessCd2623990
IRS990/ProgramServiceRevenueGrp/BusinessCd3623990
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2AMORTIZATION OF NON-REFUNDABLE EN
IRS990/ProgramServiceRevenueGrp/Desc3COMMUNITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06820864
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1396439
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2171011
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3108353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06820864
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1396439
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2171011
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3108353
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0307642
IRS990/PYOtherExpensesAmt03641751
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07507837
IRS990/PYRevenuesLessExpensesAmt01404785
IRS990/PYSalariesCompEmpBnftPaidAmt02768943
IRS990/PYTotalExpensesAmt06410694
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07815479
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01231694
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07496667
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0miscellaneous income - 2016 Amount: $ 551.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0219390
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0219390
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0308815
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0291443
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0139896
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0230561
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0172002
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01142717
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07496667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07507837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03864798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07559710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06988789
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt033417801
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0308815
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0291443
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0139896
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0230561
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0172002
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01142717
IRS990ScheduleA/InvestmentIncomeCYPct00.03290
IRS990ScheduleA/InvestmentIncomePYPct00.03050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0551
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0551
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96710
IRS990ScheduleA/PublicSupportPY509Pct00.95570
IRS990ScheduleA/PublicSupportTotal509Amt033637191
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07496667
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07507837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03864798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07779100
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06988789
IRS990ScheduleA/Total509Grp/TotalAmt033637191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07806033
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07799280
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04004694
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08009661
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07160791
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt034780459
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09173290
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09177877
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018351167
IRS990ScheduleD/EquipmentGrp/BookValueAmt0309483
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0647115
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0956598
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06588233
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01636240
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01636240
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0128118
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0128118
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0516032
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02818737
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12471
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt231746
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESIDENT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Interest Rate Swaps
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0172966
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01514396
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01687362
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0190905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212481322
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt353593
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REFUND. RESIDENT ENTRANCE FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESIDENT DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0124616
IRS990ScheduleD/RevenueNotReportedAmt0640648
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07819927
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has been recognized by the Internal Revenue Service ("IRS") as nonprofit organization as described in Section 501(c)(3) of the Internal Revenue Code ("IRC"). As such, the Organization is exempt from Federal income taxes pursuant to Section 501(a) of the IRC and no provision for income taxes has been included in the accompanying financial statements and no other tax positions must be considered for disclosure. The Organization is required to file and do file tax returns with the IRS and other taxing authorities. Income tax returns filed by the Organization are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN ON INTEREST RATE SWAP: $124,616
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Sch D, Part XI, Line 2d:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011291979
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02852954
IRS990ScheduleD/TotalExpensesPerForm990Amt06588233
IRS990ScheduleD/TotalLiabilityAmt012741827
IRS990ScheduleD/TotalRevenuePerForm990Amt07819927
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08460575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06588233
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAY TO DAY OPERATIONS ARE MANAGED BY AN INDEPENDENT MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S SOLE MEMBER IS THE MOUNT PLEASANT HOME, A MASSACHUSETTS NONPROFIT CORPORATION.

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,745,685
Liabilities
$25,889,109
Net assets
$2,856,576
Revenue
$7,819,927
Expenses
$6,588,233
Net income
$1,231,694
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.3$17.2$18.2$15.0$9.10$5.94
2023Detailed filing. Detailed filing data is available for this year.$37.8$21.7$16.1$8.81$8.61$0.20
2022Detailed filing. Detailed filing data is available for this year.$35.8$21.2$14.6$10.7$7.90$2.79
2021Detailed filing. Detailed filing data is available for this year.$37.7$22.7$15.0$9.49$7.47$2.02
2020Detailed filing. Detailed filing data is available for this year.$35.5$24.1$11.4$8.02$7.57$0.44
2019Detailed filing. Detailed filing data is available for this year.$34.6$24.6$9.95$8.76$7.02$1.74
2018Detailed filing. Detailed filing data is available for this year.$31.4$24.7$6.69$8.55$6.97$1.58
2017Detailed filing. Detailed filing data is available for this year.$30.9$25.6$5.30$8.46$6.85$1.61
2016Detailed filing. Detailed filing data is available for this year.$28.7$25.9$2.86$7.82$6.59$1.23
2015Detailed filing. Detailed filing data is available for this year.$27.0$26.0$0.98$7.82$6.41$1.40
2014Detailed filing. Detailed filing data is available for this year.$25.5$26.3$0.76$8.52$6.36$2.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.0$25.6$1.54$7.18$6.33$0.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$25.9$2.77$6.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$26.2$2.77$6.47
2010Summary only. Only limited summary data is available for this year.$23.7$26.9$3.20$6.56$6.21$0.36