THE BOSTON HOME INC

EIN: 042103905 501(c)(3) Health Care

BOSTON, MA

Total Revenue
$20,032,449
Total Expenses
$19,793,670
Total Assets
$75,220,478
Net Assets
$66,144,639
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Financial Trends

Organization Details

Formation Year
1884
Legal Domicile
MA
Principal Officer
CHRISTINE REILLY
Phone
6178253905
Tax Period
2023-01-01 to 2023-12-31

THE BOSTON HOME INC, founded in 1884, is a mid-sized nonprofit in the Health Care sector that reported $20.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $66.1M represent 40 months of operating reserves.

Mission

THE BOSTON HOME SEEKS TO IMPROVE THE LIVES OF ADULTS WITH ADVANCED MULTIPLE SCLEROSIS AND OTHER NEUROLOGICAL DISORDERS.

Program Service Accomplishments

Program 1
Expenses: $16,309,391 Revenue: $15,643,754

FOUNDED IN 1881, THE BOSTON HOME IS A NOT-FOR-PROFIT, SPECIALIZED RESIDENCE AND CENTER FOR CARE FOR ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES INCLUDING MULTIPLE SCLEROSIS. WE HAVE BEEN...

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FOUNDED IN 1881, THE BOSTON HOME IS A NOT-FOR-PROFIT, SPECIALIZED RESIDENCE AND CENTER FOR CARE FOR ADULTS WITH ADVANCED PROGRESSIVE NEUROLOGICAL DISEASES INCLUDING MULTIPLE SCLEROSIS. WE HAVE BEEN DESIGNATED A "CENTER FOR EXCELLENCE IN LONG TERM CARE" BY THE NATIONAL MULTIPLE SCLEROSIS SOCIETY AND ARE THE ONLY FACILITY OF OUR KIND IN NEW ENGLAND AND ONE OF ONLY A FEW IN THE UNITED STATES. THE BOSTON HOME INSTITUTE ADVANCES STANDARDS FOR CARE THROUGH RESEARCH, EDUCATION AND ADVOCACY.THE BOSTON HOME'S OUTPATIENT WHEELCHAIR SEATING CLINIC BRINGS TOGETHER PHYSICAL THERAPISTS, VENDORS AND ADAPTIVE TECHNOLOGY SPECIALISTS WHO WORK WITH COMPLEX REHABILITATION CLIENTS TO PRESCRIBE, ORDER AND CUSTOMIZE WHEELCHAIRS. B.FIT!, OUR SOCIAL DAY PROGRAM, PROVIDES PARTICIPANTS WITH A SAFE AND SOCIALLY ENRICHING ENVIRONMENT WHERE THEY HELP SHAPE A SCHEDULE OF ACTIVITIES DESIGNED TO ACHIEVE AND MAINTAIN MAXIMUM LEVELS OF PERSONAL INDEPENDENCE. THE BOSTON HOME'S WHEELCHAIR ENHANCEMENT CENTER (WEC) PROVIDES THE GREATER BOSTON DISABLED COMMUNITY WITH A RESOURCE FOR CUSTOMIZED WHEELCHAIR SOLUTIONS, EMERGENCY WHEELCHAIR REPAIRS AND SERVICE REFERRALS FOR THE MYRIAD OF MOBILITY EQUIPMENT AND TECHNOLOGICAL ADAPTATIONS NOW BEING USED. THE NATIONAL MAGAZINE PUBLISHER MCKNIGHT'S LONG-TERM CARE NEWS & ASSISTED LIVING AWARDED THE BOSTON HOME ITS GOLD AWARD IN THE INNOVATOR OF THE YEAR CATEGORY IN THE MCKNIGHT'S TECHNOLOGY AWARDS CONNECT OUR WORLD FOR ITS WHEELCHAIR ENHANCEMENT CENTER

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,273,628
Program Service Revenue $15,611,078
Investment Income $3,115,067
Other Revenue $32,676
TOTAL REVENUE $20,032,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,526,265
Fundraising Expenses $358,738
Program Expenses $16,309,391
Other Expenses $5,267,405
TOTAL EXPENSES $19,793,670

Year-over-Year Comparison

2023 2022 Change
Revenue $20,032,449 $17,613,135 +0.1%
Expenses $19,793,670 $19,206,106 +0.0%
Net Income $238,779 $-1,592,971 -1.1%
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
17
Independent Members
17
Employees
270
Volunteers
100

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
6
$562,511
Total Directors
17
$0
Key Employees
1
$185,121
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDOLPH G HAWTHORNE CHAIR 5.00
Officer Director
$0 $0 $0
VIRGINIA SOYBEL VICE CHAIR 5.00
Officer Director
$0 $0 $0
VIRGINIA MIRISOLA TREASURER 5.00
Officer Director
$0 $0 $0
CARRIE STEWART HANOVER-MARTIN CLERK 5.00
Officer Director
$0 $0 $0
KRISTEN CASSETTA TRUSTEE 5.00
Director
$0 $0 $0
ELIZABETH COLBURN-MORAITES TRUSTEE 5.00
Director
$0 $0 $0
LORI ESPINO TRUSTEE 5.00
Director
$0 $0 $0
MAUREEN FEENEY TRUSTEE 5.00
Director
$0 $0 $0
SAMANTHA BUDD HAEBERLEIN TRUSTEE 5.00
Director
$0 $0 $0
CHERLIE MAGNY-NORMILUS TRUSTEE 5.00
Director
$0 $0 $0
SALLY MICHAEL TRUSTEE 5.00
Director
$0 $0 $0
KAREN QUIGLEY TRUSTEE 5.00
Director
$0 $0 $0
DAVID RINTELL TRUSTEE 5.00
Director
$0 $0 $0
LAURA SALTONSTALL TRUSTEE 5.00
Director
$0 $0 $0
JAMES SEIDE TRUSTEE 5.00
Director
$0 $0 $0
SUZANNE STINSON TRUSTEE 5.00
Director
$0 $0 $0
JOHN WOODARD TRUSTEE 5.00
Director
$0 $0 $0
CHRISTINE REILLY PRESIDENT & CEO 40.00
Officer
$290,927 $19,331 $310,258
FRANCIS R MURPHY III CHIEF FINANCIAL OFFICER 40.00
Officer
$236,387 $15,866 $252,253
JAMES SUGRUE DON 40.00
Key Emp
$173,799 $11,322 $185,121
YANICK DORZIN LPN 58.00
Highest
$156,982 $10,730 $167,712
MERLENE CAMERON RN 59.00
Highest
$141,772 $13,838 $155,610
LOLITA A ULE DIRECTOR OF HR 40.00
Highest
$135,808 $22,890 $158,698
ELIZABETH FRANCOIS LPN 57.00
Highest
$144,467 $10,479 $154,946
LORNA CHARLES LPN 60.00
Highest
$133,207 $13,272 $146,479
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 No data No data No data No data
2023 $20,032,449 $19,793,670 $75,220,478 $238,779
2022 $17,613,135 $19,206,106 $72,668,936 $-1,592,971
2021 $21,608,629 $17,829,711 $83,707,557 $3,778,918
2020 $16,184,411 $17,286,784 $76,008,241 $-1,102,373
2019 $17,891,412 $15,794,156 $68,718,392 $2,097,256
2018 $14,722,026 $15,304,891 $64,806,712 $-582,865
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