Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Cec Management Systems Inc
EIN 04-3337130 • 501(c)3 • Pittsfield, MA
Profile
CEC Management Systems, Inc. is a not-for-profit consumer-centered organization committed to fulfilling the health and residential needs of the population in the communities we serve.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
2.58x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 4130.2% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Balance Sheet
Assets
Down$4,611,448
Down $9,995,194 (-68%) from 2023
Liabilities
Down$11,903,139
Down $9,945,264 (-46%) from 2023
Net Assets
Down-$7,291,691
Down $49,930 (-0.7%) from 2023
Revenue
Up$20,863
Up $15,859 (+317%) from 2023
Expenses
Down$70,793
Down $143,557 (-67%) from 2023
Net Income
Up-$49,930
Up $159,416 (+76%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $4,611,448
- Liabilities
- $11,903,139
- Net assets
- -$7,291,691
- Revenue
- $20,863
- Expenses
- $70,793
- Net income
- -$49,930
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 10, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $20,863
Mission and Program Overview
Mission
CEC Management Systems, Inc. is a not-for-profit consumer-centered organization committed to fulfilling the health and residential needs of the population in the communities we serve.
To acquire, establish, maintain and operate skilled nursing and extended care facilities.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $14,529,936 | $4,194,348 | ▼ $10,335,588 |
| Prepaid Expenses and Deferred Charges | $-337,251 | $1,652 | ▲ $338,903 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Land, Buildings, and Equipment, Net | $-280 | $-280 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $-7,241,761 | $-7,291,691 | ▼ $49,930 |
| Total Assets | $14,606,642 | $4,611,448 | ▼ $9,995,194 |
| Other Assets Total | $414,237 | $415,728 | ▲ $1,491 |
| Liabilities | |||
| Other Liabilities | $21,697,107 | $11,426,764 | ▼ $10,270,343 |
| Accounts Payable and Accrued Expenses | $151,296 | $476,375 | ▲ $325,079 |
| Total Liabilities | $21,848,403 | $11,903,139 | ▼ $9,945,264 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-7,241,761 | $-7,291,691 | ▼ $49,930 |
| Total Liabilities and Net Assets / Fund Balance | $14,606,642 | $4,611,448 | ▼ $9,995,194 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $-280 | $206,753 | $206,473 |
| Leasehold Improvements | - | $72,069 | $72,069 |
| Other Assets Org | $94,155 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Carol Riordan | Chair |
| William C Jones Jr | President & CEO |
| Richard Herrick | Vice Chair |
| Dr Bruce Auerbach | Director |
| Eileen Myers | Director |
| Jerome Anderson | Director |
| Jerry Burke | Director |
| Joel Feinman PhD | Director |
| John O'Brien | Director |
| Mike Christopher | Director |
| Robin McGraw | Director |
| Ruth Blodgett | Director |
| Marcie Gingras | Clerk |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $4,451
- Other Revenue
- $16,412
- Change in Net Assets
- $-49,930
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $70,749 |
| Salaries, Compensation, and Employee Benefits | $44 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $48,823 | - | - | $48,823 |
| Fees for Services Legal | - | $21,926 | - | $21,926 |
| Other Employee Benefits | $39 | $5 | - | $44 |
| Total Functional Expenses | $48,862 | $21,931 | $0 | $70,793 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No