Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Patient Service Rev.

  total $117,426,927 · related or exempt $117,426,927

• 2b · Program service revenue: Compounding Sales

  total $8,003,382 · related or exempt $8,003,382

• 2c · Program service revenue: Miscellaneous Revenue

  total $1,002,980 · related or exempt $1,002,980

• 2d · Program service revenue: Bad Debt Provision

  total -$3,013,361 · related or exempt -$3,013,361

• 3 · Investment income

  total $97,272 · excluded $97,272

• 7a · Gross sales of assets other than inventory

  other assets $21,959

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $21,959

• 7d · Net gain or loss

  total $21,959 · excluded $21,959

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,815,823 · management and general $1,815,823

• 7 · Other salaries and wages

  total $37,330,590 · program services $27,235,057 · management and general $10,095,533

• 8 · Pension plan contributions

  total $881,068 · program services $625,512 · management and general $255,556

• 9 · Other employee benefits

  total $3,763,372 · program services $2,455,082 · management and general $1,308,290

• 10 · Payroll taxes

  total $2,581,298 · program services $1,779,173 · management and general $802,125

• 11b · Fees: legal

  total $41,542 · management and general $41,542

• 11c · Fees: accounting

  total $84,000 · management and general $84,000

• 11g · Fees: other

  total $2,173,313 · program services $1,730,445 · management and general $442,868

• 12 · Advertising and promotion

  total $61,349 · program services $1,545 · management and general $59,804

• 13 · Office expenses

  total $9,426,768 · program services $8,921,159 · management and general $505,609

• 14 · Information technology

  total $2,196,631 · program services $145,333 · management and general $2,051,298

• 16 · Occupancy

  total $2,259,772 · program services $1,916,555 · management and general $343,217

• 17 · Travel

  total $1,040,560 · program services $822,695 · management and general $217,865

• 19 · Conferences, conventions and meetings

  total $39,224 · program services $3,762 · management and general $35,462

• 20 · Interest

  total $114,987 · program services $114,987

• 22 · Depreciation, depletion and amortization

  total $1,824,543 · program services $1,428,118 · management and general $396,425

• 23 · Insurance

  total $566,128 · program services $90,043 · management and general $476,085

• 24a · Other expenses: Medical Supplies

  total $57,995,982 · program services $57,995,982

• 24b · Other expenses: Miscellaneous

  total $862,066 · program services $89,184 · management and general $772,882

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,647,477 · end of year $5,852,132

• 2 · Savings and temporary cash investments

  beginning of year $11,799,902 · end of year $11,859,981

• 4 · Accounts receivable

  beginning of year $19,841,161 · end of year $20,854,240

• 8 · Inventories for sale or use

  beginning of year $3,775,928 · end of year $4,749,945

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,097,148 · end of year $1,556,121

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

  $15,941,021

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

  $8,058,229

• 10c · Land, buildings and equipment, net

  beginning of year $8,284,404 · end of year $7,882,792

• 14 · Intangible assets

  end of year $4,847,337

• 15 · Other assets

  beginning of year $792,000 · end of year $792,000

• 17 · Accounts payable and accrued expenses

  beginning of year $10,615,765 · end of year $10,408,254

• 23 · Secured mortgages and notes payable

  beginning of year $2,968,845 · end of year $2,354,307

• 25 · Other liabilities

  beginning of year $351,903 · end of year $4,847,337

• 27 · Net assets without donor restrictions

  beginning of year $42,301,507 · end of year $40,784,650

The filer's explanations (Part III)

Part I, Line 4b

Michael Souza received a payment of $830,000 from a 457(f) plan during 2022.

Part I, Line 5

The Organization's bonus compensation structure compensates individuals for achieving specific goals with the overarching criteria that the Organization must achieve its net revenue and net income goals for the calendar year.

Part I, Line 6

The Organization's bonus compensation structure compensates individuals for achieving specific goals with the overarching criteria that the Organization must achieve its net revenue and net income goals for the calendar year.

Related corporations and trusts

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

• NELC LLC

  C · Home Health Services · MA · 100% owned · controlled entity

  Directly controlled by New England Life Care Inc