Civic Intelligence

Hillcrest Extented Care Services Inc.

990 • Fiscal year 2016 • EIN 36-3700875

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

75 North Street Suite 210Pittsfield, MA 01201

(413) 447-2996

Siviq Scores

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

Liabilities / Assets

65th percentile

0.44x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.69x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

61st percentile

5.3%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

91st percentile

$798,159

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

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

Asset Growth

22nd percentile

-3.3%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

31st percentile

-3.4%

Faster revenue growth than 31% of similar nonprofits.

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

Assets

Down

$35,684,349

Down $1,236,590 (-3.3%) from 2015

Net Assets

Up

$19,938,592

Up $684,620 (+3.6%) from 2015

Liabilities

Down

$15,745,757

Down $1,921,210 (-11%) from 2015

Revenue

Down

$22,954,144

Down $818,464 (-3.4%) from 2015

Expenses

Down

$21,728,883

Down $232,600 (-1.1%) from 2015

Net Income

Down

$1,225,261

Down $585,864 (-32%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $33,390,463Liabilities 2010: $22,418,601Net Assets 2010: $10,971,8622010Assets 2011: $34,527,053Liabilities 2011: $22,101,469Net Assets 2011: $12,425,5842011Assets 2012: $35,646,313Liabilities 2012: $21,423,846Net Assets 2012: $14,222,4672012Assets 2013: $35,887,956Liabilities 2013: $20,262,777Net Assets 2013: $15,625,1792013Assets 2014: $36,501,236Liabilities 2014: $19,035,221Net Assets 2014: $17,466,0152014Assets 2015: $36,920,939Liabilities 2015: $17,666,967Net Assets 2015: $19,253,9722015Assets 2016: $35,684,349Liabilities 2016: $15,745,757Net Assets 2016: $19,938,5922016Assets 2017: $37,541,566Liabilities 2017: $15,855,277Net Assets 2017: $21,686,2892017Assets 2018: $39,068,081Liabilities 2018: $15,321,085Net Assets 2018: $23,746,9962018Assets 2019: $39,029,200Liabilities 2019: $14,780,882Net Assets 2019: $24,248,3182019Assets 2020: $43,904,425Liabilities 2020: $18,062,427Net Assets 2020: $25,841,9982020Assets 2021: $41,781,162Liabilities 2021: $13,768,184Net Assets 2021: $28,012,9782021Assets 2022: $39,342,429Liabilities 2022: $12,590,833Net Assets 2022: $26,751,5962022Assets 2023: $40,362,965Liabilities 2023: $13,360,270Net Assets 2023: $27,002,6952023Assets 2024: $42,197,158Liabilities 2024: $14,620,958Net Assets 2024: $27,576,2002024

Highlighted filing

2016

Assets$35,684,349
Liabilities$15,745,757
Net Assets$19,938,592

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $20,268,1002010Expenses 2011: $21,647,2692011Expenses 2012: $21,861,8012012Revenue 2013: $22,887,644Expenses 2013: $21,432,621Net Income 2013: $1,455,0232013Revenue 2014: $23,570,003Expenses 2014: $21,655,504Net Income 2014: $1,914,4992014Revenue 2015: $23,772,608Expenses 2015: $21,961,483Net Income 2015: $1,811,1252015Revenue 2016: $22,954,144Expenses 2016: $21,728,883Net Income 2016: $1,225,2612016Revenue 2017: $24,264,896Expenses 2017: $22,517,199Net Income 2017: $1,747,6972017Revenue 2018: $24,187,709Expenses 2018: $22,127,002Net Income 2018: $2,060,7072018Revenue 2019: $22,221,216Expenses 2019: $21,719,894Net Income 2019: $501,3222019Revenue 2020: $25,188,333Expenses 2020: $23,594,653Net Income 2020: $1,593,6802020Revenue 2021: $26,268,791Expenses 2021: $24,097,811Net Income 2021: $2,170,9802021Revenue 2022: $24,091,685Expenses 2022: $25,353,067Net Income 2022: -$1,261,3822022Revenue 2023: $27,260,166Expenses 2023: $27,009,067Net Income 2023: $251,0992023Revenue 2024: $29,062,173Expenses 2024: $28,488,668Net Income 2024: $573,5052024

Highlighted filing

2016

Revenue$22,954,144
Expenses$21,728,883
Net Income$1,225,261
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$24,377,894
Mission and Program Overview

Mission

Hillcrest Extended Care Services, 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.

Skilled nursing facility

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$19,253,972$19,938,592▲ $684,620
Land, Buildings, and Equipment, Net$12,005,930$11,451,805▼ $554,125
Accounts Receivable$3,505,837$3,106,358▼ $399,479
Investments Other Securities$1,096,524$890,114▼ $206,410
Prepaid Expenses and Deferred Charges$724,178$187,611▼ $536,567
Cash and Non-Interest-Bearing Accounts$76,663$74,361▼ $2,302
Inventories for Sale or Use$52,217$52,217→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$36,920,939$35,684,349▼ $1,236,590
Other Assets Total$19,459,590$19,921,883▲ $462,293
Liabilities
Tax Exempt Bond Liabilities$13,780,483$12,969,699▼ $810,784
Accounts Payable and Accrued Expenses$2,962,556$2,079,281▼ $883,275
Other Liabilities$923,928$696,777▼ $227,151
Total Liabilities$17,666,967$15,745,757▼ $1,921,210
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,253,972$19,938,592▲ $684,620
Total Liabilities and Net Assets / Fund Balance$36,920,939$35,684,349▼ $1,236,590

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,737,060$7,817,369$16,554,429
Other Land Buildings$718,571$1,539,896$2,258,467
Equipment$354,966$1,634,653$1,989,619
Land$1,242,534-$1,242,534
Leasehold Improvements$398,674$782,755$1,181,429
Other Assets Org$78,371--
Other Securities$890,114--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
D Phelps Life Insurance CostCEO-$146,828$15,531$162,359
Michael GlasserDieticianFT$115,846$6,866$122,712
James TaylorLpnFT$104,661$15,531$120,192
Shaun KennedyDirector of NursingFT$101,382$15,531$116,913

Board Members and Trustees

NameTitle
William C Jones JrPresident/Treas
Delores DuncanAdministrator
David E PhelpsCEO
Lynn MurphyClerk

Highest Paid Contractors

ContractorServicesLocationCompensation
Berkshire Health Systems IncManagement services75 North Street Suite 210, Pittsfield, MA 01201$2,411,883
Genesis Eldercare Rehab SvcsRehab101 East State Street, Kennett Square, PA 19348$1,803,200
Integrinurse IncRegistry75 North Street Suite 210, Pittsfield, MA 01201$1,131,140
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,683,578
Investment Income
$175,877
Other Revenue
$94,689
Change in Net Assets
$1,225,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,275,527
Other Expenses$10,453,356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,203,835$1,171,976-$9,375,811
Fees for Services Management-$2,209,339-$2,209,339
Other Employee Benefits$1,036,117$148,017-$1,184,134
Depreciation Depletion$739,928$105,703-$845,631
Payroll Taxes$626,134$89,448-$715,582
Interest-$302,124-$302,124
Insurance-$77,764-$77,764
Other Expenses$70,295$205,600-$70,295
Fees for Services Legal-$65,594-$65,594
Conferences and Meetings$28,507--$28,507
Travel$11,902--$11,902
All Other Expenses$5,572$3,075-$8,647
Total Functional Expenses$17,350,243$4,378,640$0$21,728,883
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Due to Third Parties$865,481
Cost of Issuance$-168,704

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMass Def Finance Agency2016-11-30$12,967,639Refunding of existing bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,967,639$12,700,489-$167,672

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

Berkshire Healthcare Systems, Inc. (BHCS) is the parent corporation of Willowood Extended Care Services, Inc. Hillcrest Extended Care Services, Inc. is a subsidiary of Willowood Extended Care Services, Inc. Governance duties conducted on behalf of Hillcrest Extended Care Services, Inc., take place at the BHCS level. Meeting of the governing board and committees with authority to act on behalf of the governing board of BHCS are documented.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by executive management. Prior to filing, all members of the Berkshire Healthcare Systems, Inc. Board are provided with a copy of Form 990 via a secure intranet connection. The Berkshire Healthcare Systems, Inc. Board delegates review of Form 990 to its Finance Committee. Finance Committee members conduct their review of Form 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization enforces and monitors its conflict of interest policy by requiring all members of the governing body and senior employees to disclose potential conflicts of interest (a) annually and (b) as potential conflicts arise. Senior employees are not permitted to have material conflicts of interests and members of the governing body are to abstain from action that may be influenced by their conflict or potential conflict.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The full relevant governing body (Berkshire Health Systems, Inc. and Berkshire Healthcare Systems, Inc.) reviews and approves the compensation of the CEO and President. Every two or three years, the organization engages a nationally recognized healthcare compensation firm to provide information concerning market rates of compensation and assess the organization's compensation structure against those independent benchmarks.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governance documents, the conflict of interest policy and financial statements are available to the public at the office of the Vice President and General Counsel at 725 North Street, Pittsfield, MA 01201, and at the President/Treasurer's office at 75 North Street, Pittsfield, MA 01201.

Filing and Contact Details

Filer

Filer Name
Hillcrest Extended Care Services Inc
EIN
36-3700875
Phone
4134472996
Address
75 North Street Suite 210, Pittsfield, MA 01201

Signing Officer

Name
William C Jones Jr
Title
President/Treasurer
Signed
2017-11-14

Organization Details

Principal Officer
William C Jones Jr
Formed
1990
Legal Domicile
Mo
Voting Board Members
2
Independent Board Members
2
Employees
356
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Loss on Bond Refinancing = -$540641

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IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Part II-B, Line 1(I), Other Lobbying Activities:Annual membership dues are paid to Massachusetts Senior Care Association and American Healthcare Association. A portion of these dues are used to conduct lobbying activities for the fiscal year.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.2$14.6$27.6$29.1$28.5$0.57
2023Detailed filing. Detailed filing data is available for this year.$40.4$13.4$27.0$27.3$27.0$0.25
2022Detailed filing. Detailed filing data is available for this year.$39.3$12.6$26.8$24.1$25.4$1.26
2021Detailed filing. Detailed filing data is available for this year.$41.8$13.8$28.0$26.3$24.1$2.17
2020Detailed filing. Detailed filing data is available for this year.$43.9$18.1$25.8$25.2$23.6$1.59
2019Detailed filing. Detailed filing data is available for this year.$39.0$14.8$24.2$22.2$21.7$0.50
2018Detailed filing. Detailed filing data is available for this year.$39.1$15.3$23.7$24.2$22.1$2.06
2017Detailed filing. Detailed filing data is available for this year.$37.5$15.9$21.7$24.3$22.5$1.75
2016Detailed filing. Detailed filing data is available for this year.$35.7$15.7$19.9$23.0$21.7$1.23
2015Detailed filing. Detailed filing data is available for this year.$36.9$17.7$19.3$23.8$22.0$1.81
2014Detailed filing. Detailed filing data is available for this year.$36.5$19.0$17.5$23.6$21.7$1.91
2013Detailed filing. Detailed filing data is available for this year.$35.9$20.3$15.6$22.9$21.4$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.6$21.4$14.2$21.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.5$22.1$12.4$21.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$22.4$11.0$20.3
Peer Organizations

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