Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $458,417

• 1f · All other contributions, gifts and grants

  $866,721

• 2a · Program service revenue: Home Health Care

  total $13,313,352 · related or exempt $13,313,352

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $12,109 · unrelated business $25,457 · excluded -$13,348

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $53,259

• 7c · Gain or loss

  securities $0 · other assets $53,259

• 7d · Net gain or loss

  total $53,259 · excluded $53,259

• 11a · Other revenue: Other Revenue

  total $324,794 · related or exempt $324,794

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $324,794

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $835,878 · program services $329,702 · management and general $506,176

• 6 · Compensation of disqualified persons

  total $97,503 · program services $97,503

• 7 · Other salaries and wages

  total $8,910,440 · program services $8,548,367 · management and general $362,073

• 8 · Pension plan contributions

  total $136,283 · program services $126,279 · management and general $10,004

• 9 · Other employee benefits

  total $1,426,572 · program services $1,268,837 · management and general $157,735

• 10 · Payroll taxes

  total $735,427 · program services $628,055 · management and general $107,372

• 11c · Fees: accounting

  total $24,800 · management and general $24,800

• 11f · Fees: investment management

  total $15 · management and general $15

• 11g · Fees: other

  total $4,864,756 · program services $4,268,497 · management and general $596,259 · fundraising $0

• 12 · Advertising and promotion

  total $28,443 · program services $24,290 · management and general $4,153

• 13 · Office expenses

  total $346,603 · program services $295,999 · management and general $50,604

• 14 · Information technology

  total $280,542 · program services $239,583 · management and general $40,959

• 16 · Occupancy

  total $159,889 · program services $136,545 · management and general $23,344

• 17 · Travel

  total $567,902 · program services $433,217 · management and general $134,685

• 20 · Interest

  total $200,215 · program services $170,985 · management and general $29,230

• 22 · Depreciation, depletion and amortization

  total $501,279 · program services $428,093 · management and general $73,186

• 23 · Insurance

  total $159,822 · program services $136,488 · management and general $23,334

• 24a · Other expenses: Medical Supplies

  total $801,272 · program services $730,195 · management and general $71,077

• 24b · Other expenses: Medicaid Enhancement Tax

  total $578,987 · program services $527,628 · management and general $51,359

• 24c · Other expenses: Academic, Teaching, & Misc Support

  total $173,937 · program services $158,508 · management and general $15,429

• 24d · Other expenses: Recruitment Costs

  total $50,335 · program services $45,870 · management and general $4,465

• 24e · All other expenses

  total $111,228 · program services $101,361 · management and general $9,867 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $872,363 · end of year $2,041,292

• 2 · Savings and temporary cash investments

  beginning of year $417,925 · end of year $214,853

• 3 · Pledges and grants receivable

  beginning of year $2,389,418 · end of year $1,190,080

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $130,433 · end of year $131,144

• 9 · Prepaid expenses and deferred charges

  beginning of year $275,969 · end of year $311,471

• 10a · Land, buildings and equipment: cost or other basis

  $7,544,608

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,421,869

• 10c · Land, buildings and equipment, net

  beginning of year $5,359,899 · end of year $5,122,739

• 11 · Investments: publicly traded securities

  beginning of year $24,173,810 · end of year $18,878,598

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,123,951 · end of year $149,926

• 17 · Accounts payable and accrued expenses

  beginning of year $3,128,332 · end of year $1,440,260

• 19 · Deferred revenue

  beginning of year $491,444

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $2,417,079 · end of year $2,342,977

• 25 · Other liabilities

  beginning of year $2,950,490 · end of year $3,331,740

• 27 · Net assets without donor restrictions

  beginning of year $25,714,901 · end of year $20,840,302

• 28 · Net assets with donor restrictions

  beginning of year $41,522 · end of year $84,824

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment

Danielle Pierotti $49,891 VNH employees whose employment is being terminated are offered a severance agreement that provides the total amount to be paid and the duration in which it will be paid based on their salary rate/level as of the separation date. The severance pay is subject to applicable taxes and withholdings. During FY23, severance amounts were paid bi-weekly per normal payroll schedule, commencing on the next regular feasible payroll date following VNH's receipt of their signed agreement and the expiration of the seven (7) day revocation period (as set forth in Section 10 below). In addition, a lump-sum payment was paid to those who qualified for COBRA premiums to provide the same level of coverage the employees were receiving prior to their termination.

Schedule J, Part I, Line 7 Non-fixed payments

The VP of Strategy Management and the Director for Home Health Services Received non-fixed bonuses.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Help at Home LLC

  Private Duty · VT · income $38,054 · assets $209,333

  Directly controlled by VNA and Hospice of Vermont and New Hampshire Inc

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• 88 PROSPECT STREET UNIT OWNER'S ASSOCIATION

  C Corporation · REAL ESTATE HOLDING · VT · 76.8% owned · share of income $39,143 · share of assets $147,656 · controlled entity

  Directly controlled by REAL ESTATE HOLDING ASSOCIATION AND HOSPICE OF VERMONT