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Nonprofiteer
← MOUNT PLEASANT HOME

Form 990 for tax year 2023

Filed by MOUNT PLEASANT HOME.

Totals

Total revenue
$5,499,118
Total expenses
$4,754,069
Contributions and grants received
$535,279
Grants paid
$0
Program service revenue
$4,746,677
Investment income
$9,737
Other revenue
$207,425
Total assets, end of year
$18,246,059
Total liabilities, end of year
$8,974,473
Net assets or fund balances, end of year
$9,271,586
Program services expenses (Part IX)
$4,228,192
Management and general expenses
$525,877
Fundraising expenses
$0
Program service expenses (Part III)
$4,228,192

Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $462,102

  • 1f · All other contributions, gifts and grants

    $73,177

  • 2a · Program service revenue: RESIDENT SERVICES INCO

    total $4,746,677 · related or exempt $4,746,677

  • 3 · Investment income

    total $15,495 · excluded $15,495

  • 6a · Gross rents

    real property $336,722

  • 6b · Less rental expenses

    real property $133,450

  • 6c · Rental income or loss

    real property $203,272

  • 6d · Net rental income or loss

    total $203,272 · excluded $203,272

  • 7a · Gross sales of assets other than inventory

    securities $301,857

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

    securities $307,615

  • 7c · Gain or loss

    securities -$5,758

  • 7d · Net gain or loss

    total -$5,758 · excluded -$5,758

  • 11a · Other revenue: OTHER REVENUE-MISC.

    total $4,153 · excluded $4,153

  • 11e · Other revenue, total

    $4,153

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $346,955 · program services $285,137 · management and general $61,818

  • 7 · Other salaries and wages

    total $1,581,780 · program services $1,299,948 · management and general $281,832

  • 8 · Pension plan contributions

    total $20,738 · program services $17,043 · management and general $3,695

  • 9 · Other employee benefits

    total $510,441 · program services $419,494 · management and general $90,947

  • 10 · Payroll taxes

    total $8,583 · program services $7,054 · management and general $1,529

  • 11c · Fees: accounting

    total $22,395 · management and general $22,395

  • 11g · Fees: other

    total $955,827 · program services $944,771 · management and general $11,056

  • 12 · Advertising and promotion

    total $10,123 · program services $10,123

  • 13 · Office expenses

    total $73,439 · program services $70,379 · management and general $3,060

  • 16 · Occupancy

    total $90,764 · program services $90,764

  • 17 · Travel

    total $2,441 · program services $2,289 · management and general $152

  • 19 · Conferences, conventions and meetings

    total $16,522 · management and general $16,522

  • 20 · Interest

    total $182,358 · program services $182,358

  • 22 · Depreciation, depletion and amortization

    total $549,153 · program services $549,153

  • 23 · Insurance

    total $79,168 · program services $79,168

  • 24a · Other expenses: SUPPLIES

    total $219,026 · program services $186,155 · management and general $32,871

  • 24b · Other expenses: REPAIR AND MAINTENANCE

    total $84,356 · program services $84,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,359,047 · end of year $1,508,546

  • 2 · Savings and temporary cash investments

    beginning of year $655,521 · end of year $780,205

  • 4 · Accounts receivable

    beginning of year $331,885 · end of year $1,003,456

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,373 · end of year $38,756

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

    $20,179,710

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

    $6,571,859

  • 10c · Land, buildings and equipment, net

    beginning of year $14,028,528 · end of year $13,607,851

  • 11 · Investments: publicly traded securities

    beginning of year $1,053,662 · end of year $1,307,245

  • 15 · Other assets

    beginning of year $118,081 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $286,803 · end of year $240,779

  • 23 · Secured mortgages and notes payable

    beginning of year $8,886,182 · end of year $8,704,392

  • 25 · Other liabilities

    beginning of year $36,302 · end of year $29,302

  • 27 · Net assets without donor restrictions

    beginning of year $8,349,810 · end of year $9,271,586

Mission and programs · 2023

Mission

THE MISSION OF MOUNT PLEASANT HOME IS TO PROVIDE HOUSING AND SERVICE OPTIONS FOR ELDERS WITH EMPHASIS ON SERVING A DIVERSE POPULATION AND GIVING PRIORITY TO THOSE WITH LIMITED FINANCIAL RESOURCES AND INADEQUATE SUPPORT SYSTEMS.

  • RESIDENT CARE PROVIDED FOR AGED MEN AND WOMEN IN A 60-BED RESIDENTIAL CARE FACILITY LICENSED BY THE MA DEPARTMENT OF PUBLIC HEALTH AS A LONG-TERM CARE FACILITY. HOUSING, DAILY MEALS, SUPPORT SERVICES, AND MEDICAL OVERSIGHT ARE PROVIDED BY A STAFF ON DUTY 24 HRS PER DAY.

    Expenses $4,228,192 · Revenue $4,746,677

As filed on the 2023 return.

Listed in Part VII

  • Ann Materson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Alvin Shiggs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Gregory Batsevitsky

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nina Lev

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Priscilla Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Ridgley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan M McDermott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Caren Silverlieb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Candace Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Seaman

    EXECUTIVE DIRECTOR

    Total calculated
    $198,168
    From this org
    $180,575
    From related orgs
    $0
    Other
    $17,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,966
    Bonus
    $47,609
    Other
    $0
    Deferred
    $5,883
    Nontaxable benefits
    $11,710
    Filer's total
    $198,168

  • Tanya Livingston

    DIRECTOR OF ADMIN AND FINANCE

    Total calculated
    $148,786
    From this org
    $133,498
    From related orgs
    $0
    Other
    $15,288
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202433119349301413

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