Civic Intelligence

Lifetime Care Solutions Inc

990 • Fiscal year 2020 • EIN 04-3337961

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

300 Rosewood Drive Suite 200Danvers, MA 01923-1389

(978) 750-4540

Siviq Scores

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

Liabilities / Assets

86th percentile

0.39x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

359.75x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-128685%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

7th percentile

-54%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$89,936

Down $105,366 (-54%) from 2019

Net Assets

Down

$55,040

Down $124,824 (-69%) from 2019

Liabilities

Up

$34,896

Up $19,458 (+126%) from 2019

Revenue

Down

$97

Down $200,604 (-100%) from 2019

Expenses

Up

$124,921

Up $19,742 (+19%) from 2019

Net Income

Down

-$124,824

Down $220,346 (-231%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $227,823Liabilities 2010: $33,952Net Assets 2010: $193,8712010Assets 2011: $210,889Liabilities 2011: $29,851Net Assets 2011: $181,0382011Assets 2012: $182,414Liabilities 2012: $26,363Net Assets 2012: $156,0512012Assets 2013: $160,377Liabilities 2013: $36,511Net Assets 2013: $123,8662013Assets 2014: $131,290Liabilities 2014: $27,108Net Assets 2014: $104,1822014Assets 2015: $242,009Liabilities 2015: $36,680Net Assets 2015: $205,3292015Assets 2016: $259,159Liabilities 2016: $50,036Net Assets 2016: $209,1232016Assets 2017: $245,575Liabilities 2017: $31,433Net Assets 2017: $214,1422017Assets 2018: $115,618Liabilities 2018: $31,276Net Assets 2018: $84,3422018Assets 2019: $195,302Liabilities 2019: $15,438Net Assets 2019: $179,8642019Assets 2020: $89,936Liabilities 2020: $34,896Net Assets 2020: $55,0402020Assets 2021: $50,902Liabilities 2021: $17,066Net Assets 2021: $33,8362021Assets 2022: $50,902Liabilities 2022: $17,066Net Assets 2022: $33,8362022

Highlighted filing

2020

Assets$89,936
Liabilities$34,896
Net Assets$55,040

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2010: $174,292Expenses 2010: $139,089Net Income 2010: $35,2032010Revenue 2011: $198,283Expenses 2011: $211,116Net Income 2011: -$12,8332011Revenue 2012: $113,177Expenses 2012: $138,164Net Income 2012: -$24,9872012Revenue 2013: $99,581Expenses 2013: $131,766Net Income 2013: -$32,1852013Revenue 2014: $101,661Expenses 2014: $121,345Net Income 2014: -$19,6842014Revenue 2015: $250,176Expenses 2015: $149,029Net Income 2015: $101,1472015Revenue 2016: $215,319Expenses 2016: $211,525Net Income 2016: $3,7942016Revenue 2017: $235,166Expenses 2017: $230,147Net Income 2017: $5,0192017Revenue 2018: $169Expenses 2018: $129,969Net Income 2018: -$129,8002018Revenue 2019: $200,701Expenses 2019: $105,179Net Income 2019: $95,5222019Revenue 2020: $97Expenses 2020: $124,921Net Income 2020: -$124,8242020Revenue 2021: $100,016Expenses 2021: $121,220Net Income 2021: -$21,2042021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2020

Revenue$97
Expenses$124,921
Net Income-$124,824
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.0
Gross Receipts
$97
Mission and Program Overview

Mission

Health and social services for elders

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$193,550$82,648▼ $110,902
Cash and Non-Interest-Bearing Accounts$1,571$7,288▲ $5,717
Prepaid Expenses and Deferred Charges$181--
Total Assets$195,302$89,936▼ $105,366
Liabilities
Accounts Payable and Accrued Expenses$15,438$34,896▲ $19,458
Total Liabilities$15,438$34,896▲ $19,458
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$179,864$55,040▼ $124,824
Total Net Assets Fund Balance$179,864$55,040▼ $124,824
Total Liabilities and Net Assets / Fund Balance$195,302$89,936▼ $105,366
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul HollingsPresident
DANIEL O'LEARYDirector
Patricia SmithDirector
Scott TrentiDirector
Kathy BurnsClerk
Paul LanzikosTreasurer
Joan Hatem-royVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$97
Other Revenue
$0
Change in Net Assets
$-124,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$97
Total Revenue per Audited Statements
$97
Total Revenue per Form 990
$97
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,921
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$18,850-$18,850
Fees for Services Accounting-$5,200-$5,200
Fees for Services Other$3,000--$3,000
Insurance-$1,862-$1,862
Conferences and Meetings-$617-$617
Other Expenses$94,147$69-$69
Total Functional Expenses$97,147$27,774$0$124,921

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$124,921
Total Expenses per Audited Statements$124,921
Total Expenses per Form 990$124,921
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Elder Services of Merrimack ValleyMember OrgMgmt TrainingNo$97,147
Mystic Valley Elder Services IncMember OrgFiscal Mgmt FeesNo$3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
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 6

The organization's governing body is organized with members. The board of directors is composed of the executive directors of its members. The seven members are all non-profit organizations that are designated area agencies on aging and aging services access points.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the director of finance with the auditor and then distributed to the governing body for acceptance.

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

Reviewed conflicts and would ask director to recuse himself from voting on any decisions to which the conflict pertains.

Form 990, Page 6, Part VI, Line 19

The organization's tax returns and financial statements are available on the mass attorney general's website, as well as by request.

Filing and Contact Details

Filer

Filer Name
Lifetime Care Solutions Inc
EIN
04-3337961
Phone
9787504540
Address
300 ROSEWOOD DRIVE SUITE 200, DANVERS, MA 01923-1389

Signing Officer

Name
Paul Hollings
Title
President
Phone
9787504540
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Hollings
Formed
1996
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
0
Employees
0

Preparer

Firm
Bruce D Norling CPA Pc
Address
410 BOSTON POST RD STE 24, SUDBURY, MA 01776
Preparer
Bruce D Norling CPA Pc
Phone
9784439114
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF LIFETIME CARE SOLUTIONS, INC. IS COMPOSED OF THE EXECUTIVE DIRECTORS OF ITS SEVEN MEMBER ORGANIZATIONS. IN FISCAL YEAR 2020, MEMBER ORGANIZATION ELDER SERVICES OF MERRIMACK VALLEY RECEIVED 97,147 FROM LIFETIME CARE SOLUTIONS FOR MANAGEMENT TRAINING, AND MEMBER ORGANIZATION MYSTIC VALLEY ELDER SERVICES RECEIVED FISCAL MANAGEMENT FEES OF 3,000 FROM LIFETIME CARE SOLUTIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S GOVERNING BODY IS ORGANIZED WITH MEMBERS. THE BOARD OF DIRECTORS IS COMPOSED OF THE EXECUTIVE DIRECTORS OF ITS MEMBERS. THE SEVEN MEMBERS ARE ALL NON-PROFIT ORGANIZATIONS THAT ARE DESIGNATED AREA AGENCIES ON AGING AND AGING SERVICES ACCESS POINTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE WITH THE AUDITOR AND THEN DISTRIBUTED TO THE GOVERNING BODY FOR ACCEPTANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED CONFLICTS AND WOULD ASK DIRECTOR TO RECUSE HIMSELF FROM VOTING ON ANY DECISIONS TO WHICH THE CONFLICT PERTAINS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S TAX RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE MASS ATTORNEY GENERAL'S WEBSITE, AS WELL AS BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0195302
IRS990/TotalAssetsEOYAmt089936
IRS990/TotalAssetsGrp/BOYAmt0195302
IRS990/TotalAssetsGrp/EOYAmt089936
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027774
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097147
IRS990/TotalFunctionalExpensesGrp/TotalAmt0124921
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015438
IRS990/TotalLiabilitiesEOYAmt034896
IRS990/TotalLiabilitiesGrp/BOYAmt015438
IRS990/TotalLiabilitiesGrp/EOYAmt034896
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0179864
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt055040
IRS990/TotalProgramServiceExpensesAmt097147
IRS990/TotalRevenueGrp/ExclusionAmt097
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt097
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0195302
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt089936
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt061 MEDFORD STREET
IRS990/USAddress/CityNm0SOMERVILLE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002143
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL HOLLINGS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09787504540
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFETIME CARE SOLUTIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0043337961
ReturnHeader/Filer/PhoneNum09787504540
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 ROSEWOOD DRIVE SUITE 200
ReturnHeader/Filer/USAddress/CityNm0DANVERS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0019231389
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043147371
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRUCE D NORLING CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 BOSTON POST RD STE 24
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SUDBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001776
ReturnHeader/PreparerPersonGrp/PhoneNum09784439114
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE D NORLING CPA PC
ReturnHeader/ReturnTs02021-05-13T12:53:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.17$0.34$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.17$0.34$1.00$1.21$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.35$0.55$0.00$1.25$1.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.15$1.80$2.01$1.05$0.96
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.31$0.84$0.00$1.30$1.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.31$2.14$2.35$2.30$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.50$2.09$2.15$2.12$0.04
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.42$0.37$2.05$2.50$1.49$1.01
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.31$0.27$1.04$1.02$1.21$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.37$1.24$1.00$1.32$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.26$1.56$1.13$1.38$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.30$1.81$1.98$2.11$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.34$1.94$1.74$1.39$0.35
Peer Organizations

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