Civic Intelligence

Visiting Nurse Communities Inc.

990 • Fiscal year 2016 • EIN 47-1890512

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 02, 2017

Organization ProfileWWW.VNAEM.ORG
259 Lowell StreetSomerville, MA 02144

(617) 776-9800

Siviq Scores

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

Liabilities / Assets

81st percentile

0.65x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.95x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

63rd percentile

6.5%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$270,906

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets81st percentile

Assets

$9,119,902

No earlier filing loaded for comparison.

Net Assets

$3,226,214

No earlier filing loaded for comparison.

Liabilities

$5,893,688

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin63rd percentile

Revenue

$1,493,273

No earlier filing loaded for comparison.

Expenses

$1,396,182

No earlier filing loaded for comparison.

Net Income

$97,091

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$10M$5.0M$0Assets 2016: $9,119,902Liabilities 2016: $5,893,688Net Assets 2016: $3,226,2142016Assets 2017: $9,244,441Liabilities 2017: $5,988,463Net Assets 2017: $3,255,9782017Assets 2018: $9,129,704Liabilities 2018: $5,716,791Net Assets 2018: $3,412,9132018Assets 2019: $8,873,934Liabilities 2019: $5,869,954Net Assets 2019: $3,003,9802019Assets 2020: $8,685,062Liabilities 2020: $5,585,479Net Assets 2020: $3,099,5832020Assets 2021: $8,522,333Liabilities 2021: $5,299,621Net Assets 2021: $3,222,7122021Assets 2022: $8,324,512Liabilities 2022: $5,148,540Net Assets 2022: $3,175,9722022Assets 2023: $8,529,249Liabilities 2023: $4,999,379Net Assets 2023: $3,529,8702023Assets 2024: $8,578,785Liabilities 2024: $4,874,394Net Assets 2024: $3,704,3912024

Highlighted filing

2016

Assets$9,119,902
Liabilities$5,893,688
Net Assets$3,226,214
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,493,273Expenses 2016: $1,396,182Net Income 2016: $97,0912016Revenue 2017: $1,815,688Expenses 2017: $1,785,924Net Income 2017: $29,7642017Revenue 2018: $2,043,925Expenses 2018: $1,886,990Net Income 2018: $156,9352018Revenue 2019: $1,716,524Expenses 2019: $1,846,082Net Income 2019: -$129,5582019Revenue 2020: $1,819,384Expenses 2020: $1,723,781Net Income 2020: $95,6032020Revenue 2021: $1,931,182Expenses 2021: $1,808,053Net Income 2021: $123,1292021Revenue 2022: $1,928,937Expenses 2022: $1,975,677Net Income 2022: -$46,7402022Revenue 2023: $1,971,210Expenses 2023: $1,617,312Net Income 2023: $353,8982023Revenue 2024: $1,810,613Expenses 2024: $1,636,092Net Income 2024: $174,5212024

Highlighted filing

2016

Revenue$1,493,273
Expenses$1,396,182
Net Income$97,091
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$1,493,273
Mission and Program Overview

Mission

To provide affordable assisted living services to those in need including but not limited to home health care, affordable housing and supportive services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$8,803,208▲ $8,803,208
Cash and Non-Interest-Bearing Accounts-$36,656-
Prepaid Expenses and Deferred Charges-$8,083-
Total Assets$0$9,119,902▲ $9,119,902
Other Assets Total$0$271,955▲ $271,955
Liabilities
Mortgage Notes Payable Secured by Investment Property-$5,111,358-
Other Liabilities$0$749,105▲ $749,105
Accounts Payable and Accrued Expenses-$33,225-
Total Liabilities$0$5,893,688▲ $5,893,688
Net Assets / Fund Balance
Unrestricted Net Assets-$2,770,035-
Temporarily Rstr Net Assets-$456,179-
Total Net Assets Fund Balance$0$3,226,214▲ $3,226,214
Total Liabilities and Net Assets / Fund Balance$0$9,119,902▲ $9,119,902

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,682,102$142,354$6,824,456
Land$1,950,000-$1,950,000
Equipment$171,106$10,275$181,381
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Fran GayronChairperson
Linda S CornellPresident/CEO
Elizabeth MinassianVice Chairperson
Jacob H Sauerborn JrDirector
Mary AntonelliDirector
Robert DitucciDirector
Rose CiampaDirector
ELLEN O'BRIENSecretary
Shipley MasonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,482,608
Investment Income
$515
Other Revenue
$10,150
Change in Net Assets
$97,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,493,273
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,353,681
Total Revenue per Audited Statements
$4,846,954
Total Revenue per Form 990
$1,493,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$943,367
Salaries, Compensation, and Employee Benefits$452,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,453$264,534-$377,987
Occupancy$196,867--$196,867
Interest$158,990--$158,990
Depreciation Depletion$152,629--$152,629
Fees for Services Management$74,340--$74,340
Insurance$55,686--$55,686
Other Employee Benefits$19,044$28,075-$47,119
Payroll Taxes$8,564$19,145-$27,709
Other Expenses$40,853$17,251-$17,251
All Other Expenses$5,794$10,767-$16,561
Office Expenses-$15,877-$15,877
Fees for Services Accounting$9,545--$9,545
Fees for Services Legal$5,648--$5,648
Advertising-$3,684-$3,684
Total Functional Expenses$1,036,849$359,333$0$1,396,182

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,620,740
Expenses per Audited Statements$1,396,182
Total Expenses per Form 990$1,396,182
Expenses Not Reported on Form 990$224,558
Expenses Not Reported on Financial Statements$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
Due to Affiliates$586,739
Accrued Interest$162,366
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board of directors meets at a regularly scheduled board meeting and will review the 990 followed by a vote to approve.”

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

“All directors and officers are required to annually disclose any conflicts of interest. The transactions and activities of the organization are monitored on an ongoing basis by management, the board of directors and board appointed committees. Any conflicts that arise are dealt with according to the organization's detailed conflict of interest policies.”

Form 990, Part VI, Section B, Line 15

“The executive personnel committee meets annually to review comparable salaries and form 990's of similar organizations and submits this information ot the full board of directors for review and approval of executive compensation.”

Form 990, Part VI, Section C, Line 19

“The organization makes it's form 990, governing documents, conflict of interest policy, and financial statements available to the public upon request as well as various websites such as the massachusetts attorney general, "the foundation center and "guidestar".”

Filing and Contact Details

Filer

Filer Name
Visiting Nurse Communities Inc
EIN
47-1890512
Phone
6177769800
Address
259 LOWELL STREET, SOMERVILLE, MA 02144

Signing Officer

Name
Linda Cornell
Title
President/CEO
Phone
6177769800
Signed
2017-11-02

Organization Details

Principal Officer
Linda Cornell
Formed
2015
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
2

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET STE 308A, DEDHAM, MA 02026
Preparer
Eric Mahoney
Phone
6172629898
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Debt forgiveness income 2,885,458. Unamortized principal on zero interest debt recorded at present value 468,223. Loss from purchase of property -224,558.”

FORM 990, PART XII, LINE 2C:

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor”

Financial Statement Notes

PART X, LINE 2:

“Vnci has evaluated the tax positions taken in its previously filed returns and those expected to be taken in its 2016 returns and believes they are more-likely-than-not of being sustained if examined by federal or state tax authorities. At december 31, 2016, vnci believes that it has no uncertain tax positions within any of its open tax returns.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Debt forgiveness income 2,885,458. Unamortized principal on zero interest debt recorded at present value 468,223.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss from purchase of property 224,558.”

Raw XML AppendixShowing 400 of 570 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033225
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE ASSISTED LIVING SERVICES TO THOSE IN NEED INCLUDING BUT NOT LIMITED TO HOME HEALTH CARE, AFFORDABLE HOUSING AND SUPPORTIVE SERVICES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03684
IRS990/AdvertisingGrp/TotalAmt03684
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt010767
IRS990/AllOtherExpensesGrp/ProgramServicesAmt05794
IRS990/AllOtherExpensesGrp/TotalAmt016561
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VISITING NURSE COMMUNITIES INC
IRS990/BooksInCareOfDetail/PhoneNum06177769800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0259 LOWELL STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SOMERVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002144
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt036656
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0515
IRS990/CYOtherExpensesAmt0943367
IRS990/CYOtherRevenueAmt010150
IRS990/CYProgramServiceRevenueAmt01482608
IRS990/CYRevenuesLessExpensesAmt097091
IRS990/CYSalariesCompEmpBnftPaidAmt0452815
IRS990/CYTotalExpensesAmt01396182
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01493273
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0152629
IRS990/DepreciationDepletionGrp/TotalAmt0152629
IRS990/Desc0TO PROVIDE AFFORDABLE ASSISTED LIVING SERVICES
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01036849
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09545
IRS990/FeesForServicesAccountingGrp/TotalAmt09545
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05648
IRS990/FeesForServicesLegalGrp/TotalAmt05648
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt074340
IRS990/FeesForServicesManagementGrp/TotalAmt074340
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt275314
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0FRAN GAYRON
IRS990/Form990PartVIISectionAGrp/PersonNm1ELIZABETH MINASSIAN
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDA S CORNELL
IRS990/Form990PartVIISectionAGrp/PersonNm3ELLEN O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm4SHIPLEY MASON
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY ANTONELLI
IRS990/Form990PartVIISectionAGrp/PersonNm6ROSE CIAMPA
IRS990/Form990PartVIISectionAGrp/PersonNm7JACOB H SAUERBORN JR
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT DITUCCI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2195592
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01493273
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt055686
IRS990/InsuranceGrp/TotalAmt055686
IRS990/InterestGrp/ProgramServicesAmt0158990
IRS990/InterestGrp/TotalAmt0158990
IRS990/InvestmentIncomeGrp/ExclusionAmt0515
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0515
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0152629
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08803208
IRS990/LandBldgEquipCostOrOtherBssAmt08955837
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE ASSISTED LIVING SERVICES TO THOSE IN NEED INCLUDING BUT NOT LIMITED TO HOME HEALTH CARE, AFFORDABLE HOUSING AND SUPPORTIVE SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05111358
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt03226214
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0196867
IRS990/OccupancyGrp/TotalAmt0196867
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015877
IRS990/OfficeExpensesGrp/TotalAmt015877
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0271955
IRS990/OtherChangesInNetAssetsAmt03129123
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028075
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019044
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047119
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2RESIDENT SERVICES
IRS990/OtherExpensesGrp/Desc3RECRUITING AND TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017251
IRS990/OtherExpensesGrp/ProgramServicesAmt0148506
IRS990/OtherExpensesGrp/ProgramServicesAmt146930
IRS990/OtherExpensesGrp/ProgramServicesAmt240853
IRS990/OtherExpensesGrp/TotalAmt0148506
IRS990/OtherExpensesGrp/TotalAmt146930
IRS990/OtherExpensesGrp/TotalAmt240853
IRS990/OtherExpensesGrp/TotalAmt317251
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0749105
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010150
IRS990/OtherRevenueTotalAmt010150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0264534
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113453
IRS990/OtherSalariesAndWagesGrp/TotalAmt0377987
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019145
IRS990/PayrollTaxesGrp/ProgramServicesAmt08564
IRS990/PayrollTaxesGrp/TotalAmt027709
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08083
IRS990/PrincipalOfficerNm0LINDA CORNELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1621610
IRS990/ProgramServiceRevenueGrp/BusinessCd2531120
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2COMMERCIAL RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0714004
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1708604
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0714004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1708604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt097091
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01492758
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0515
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01492758
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01492758
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0515
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0515
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt01492758
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01492758
IRS990ScheduleA/Total509Grp/TotalAmt01492758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01493273
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01493273
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06682102
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0142354
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06824456
IRS990ScheduleD/EquipmentGrp/BookValueAmt0171106
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010275
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0181381
IRS990ScheduleD/ExpensesNotReportedAmt0224558
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01396182
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01950000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01950000
IRS990ScheduleD/OtherExpensesIncludedAmt0224558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0586739
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1162366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherRevenueAmt03353681
IRS990ScheduleD/RevenueNotReportedAmt03353681
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01493273
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VNCI HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN ITS 2016 RETURNS AND BELIEVES THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE TAX AUTHORITIES. AT DECEMBER 31, 2016, VNCI BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEBT FORGIVENESS INCOME 2,885,458. UNAMORTIZED PRINCIPAL ON ZERO INTEREST DEBT RECORDED AT PRESENT VALUE 468,223.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS FROM PURCHASE OF PROPERTY 224,558.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08803208
IRS990ScheduleD/TotalExpensesPerForm990Amt01396182
IRS990ScheduleD/TotalLiabilityAmt0749105
IRS990ScheduleD/TotalRevenuePerForm990Amt01493273
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04846954
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01620740
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0195592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt065000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt010314
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LINDA S CORNELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0270906
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE PERSONNEL COMMITTEE MEETS ANNUALLY TO REVIEW COMPARABLE SALARIES AND FORM 990'S OF SIMILAR ORGANIZATIONS AND SUBMITS THIS INFORMATION TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MEETS AT A REGULARLY SCHEDULED BOARD MEETING AND WILL REVIEW THE 990 FOLLOWED BY A VOTE TO APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. THE TRANSACTIONS AND ACTIVITIES OF THE ORGANIZATION ARE MONITORED ON AN ONGOING BASIS BY MANAGEMENT, THE BOARD OF DIRECTORS AND BOARD APPOINTED COMMITTEES. ANY CONFLICTS THAT ARISE ARE DEALT WITH ACCORDING TO THE ORGANIZATION'S DETAILED CONFLICT OF INTEREST POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE PERSONNEL COMMITTEE MEETS ANNUALLY TO REVIEW COMPARABLE SALARIES AND FORM 990'S OF SIMILAR ORGANIZATIONS AND SUBMITS THIS INFORMATION OT THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IT'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AS WELL AS VARIOUS WEBSITES SUCH AS THE MASSACHUSETTS ATTORNEY GENERAL, "THE FOUNDATION CENTER AND "GUIDESTAR".
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEBT FORGIVENESS INCOME 2,885,458. UNAMORTIZED PRINCIPAL ON ZERO INTEREST DEBT RECORDED AT PRESENT VALUE 468,223. LOSS FROM PURCHASE OF PROPERTY -224,558.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd01
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0043417949
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1043385242
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING DEVELOPMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1TO PROMOTE THE ACTIVITIES ASSOCIATED WITH CURRENT AND FUTURE ASSISTED LIVING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LOWELL STREET DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1VISITING NURSE ASSISTED LIVING INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0259 LOWELL STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1259 LOWELL STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SOMERVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1SOMERVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd002144
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd102144
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0209032454
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1043417930
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0TO CREATE AND OPERATE HOUSING WITH SERVICES TO THE ELDERLY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$9,119,902
Liabilities
$5,893,688
Net assets
$3,226,214
Revenue
$1,493,273
Expenses
$1,396,182
Net income
$97,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.58$4.87$3.70$1.81$1.64$0.17
2023Detailed filing. Detailed filing data is available for this year.$8.53$5.00$3.53$1.97$1.62$0.35
2022Detailed filing. Detailed filing data is available for this year.$8.32$5.15$3.18$1.93$1.98$0.05
2021Detailed filing. Detailed filing data is available for this year.$8.52$5.30$3.22$1.93$1.81$0.12
2020Detailed filing. Detailed filing data is available for this year.$8.69$5.59$3.10$1.82$1.72$0.10
2019Detailed filing. Detailed filing data is available for this year.$8.87$5.87$3.00$1.72$1.85$0.13
2018Detailed filing. Detailed filing data is available for this year.$9.13$5.72$3.41$2.04$1.89$0.16
2017Detailed filing. Detailed filing data is available for this year.$9.24$5.99$3.26$1.82$1.79$0.03
2016Detailed filing. Detailed filing data is available for this year.$9.12$5.89$3.23$1.49$1.40$0.10