SEACOAST NURSING AND REHABILITATION CENTER INC

EIN: 041305001 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$160,545
Total Expenses
$37,790
Total Assets
$1,192,407
Net Assets
$939,062
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Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
KEVIN TABB MD
Phone
9799223000
Tax Period
2023-10-01 to 2024-09-30

SEACOAST NURSING AND REHABILITATION CENTER INC, founded in 1991, is a small nonprofit in the Health Care sector that reported $161K in total revenue in fiscal year 2023. The organization ran a surplus of $123K, a strong 76% operating margin.

Mission

SEACOAST NURSING AND REHABILITATION CENTER'S PRIMARY MISSION IS TO PROVIDE HIGH QUALITY SHORT-TERM REHABILITATION AND LONGER TERM CARE TO PATIENTS WHEN NEEDED. FORM 990, PART III, LINE 1 SEACOAST NURSING AND REHABILITATION CENTER'S PRIMARY MISSION IS TO PROVIDE HIGH QUALITY SHORT-TERM REHABILITATION AND LONGER TERM CARE TO PATIENTS WHEN NEEDED. BETH ISRAEL LAHEY HEALTH (BILH) IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS AND ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,700 PHYSICIANS AND 39,000 EMPLOYEES. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC), MOUNT AUBURN HOSPITAL (MAH), NEW ENGLAND BAPTIST HOSPITAL (NEBH), BETH ISRAEL DEACONESS HOSPITAL -- MILTON, INC. (MILTON), BETH ISRAEL DEACONESS HOSPITAL -- NEEDHAM, INC. (NEEDHAM), BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH, INC. (PLYMOUTH), LAHEY HEALTH SHARED SERVICES (LHSS), LAHEY CLINIC FOUNDATION (LCF), WINCHESTER HOSPITAL (WINCHESTER), NORTHEAST HOSPITAL CORPORATION (NHC) WHICH INCLUDES BEVERLY, ADDISON GILBERT AND BAYRIDGE HOSPITALS, NORTHEAST BEHAVIORAL CORPORATION (NBHC), ANNA JAQUES HOSPITAL (AJH), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), THE JOSLIN DIABETES CENTER, EXETER HEALTH RESOURCES, INC (EHRI) AND THE BETH ISRAEL LAHEY HEALTH PHARMACY. THE LAHEY CLINIC FOUNDATION IN TURN SERVED AS THE SOLE MEMBER OF LAHEY CLINIC INC, AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL AND MEDICAL CENTER (LHMC), EHRI IN TURN SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL AND LHSS IN TURN SERVED AS THE SOLE MEMBER OF BETH ISRAEL LAHEY HEALTH PRIMARY CARE. THE ENTITIES LISTED HERE MAY HAVE ALSO, IN TURN, SERVED AS MEMBER TO OTHER NETWORK AFFILIATES. SEE FORM 990 SCHEDULE R FOR ADDITIONAL INFORMATION.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $160,545
Investment Income $0
Other Revenue $0
TOTAL REVENUE $160,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,790
Other Expenses $37,790
TOTAL EXPENSES $37,790

Year-over-Year Comparison

2023 2022 Change
Revenue $160,545 $160,545 N/A
Expenses $37,790 $48,310 -0.2%
Net Income $122,755 $112,235 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$8,704,000
Total Directors
3
$8,401,755
Key Employees
3
$1,317,737
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TABB MD KEVIN TTEE/CHAIR/PRES (EX-OFF) (CEO, BILH) 1.00
Officer Director
$0 $1,097,028 $5,410,415
RIOS CINDY TTEE & TREAS (EXOFF) (EVP/CFO, BILH) 1.00
Officer Director
$0 $217,736 $1,689,163
KATZ ESQ JAMIE TTEE &CLERK (EX-O); GEN COUNSEL BILH 1.00
Officer Director
$0 $32,002 $1,302,177
EICHHORN KAREN CFO BILH CONTINUING CARE 1.00
Officer
$0 $23,132 $302,245
GIZMUNT JENNIFER PRESIDENT, BILH AT HOME 1.00
Key Emp
$0 $49,955 $673,536
STEMPEK SUSAN VP, HOSPITAL AT HOME 1.00
Key Emp
$0 $40,614 $441,854
MOORE NANCY EXECUTIVE DIRECTOR HERRICK HOUSE 1.00
Key Emp
$0 $36,755 $202,347
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $160,545 $37,790 $1,192,407 $122,755
2023 $160,545 $48,310 $731,127 $112,235
2022 $160,545 $23,736 $543,905 $136,809
2021 $9,283,853 $12,574,682 $77,070 $-3,290,829
2020 $12,945,383 $13,918,838 $5,419,967 $-973,455
2019 $12,515,240 $14,839,835 $5,358,405 $-2,324,595
2018 $12,763,480 $14,230,605 $6,452,820 $-1,467,125
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