HRCA Housing For Elderly Inc

EIN: 042543731 501(c)(3)

Boston, MA

Total Revenue
$9,609,092
Total Expenses
$9,123,270
Total Assets
$18,209,788
Net Assets
$-34,868,059
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MA
Phone
6173258000
Tax Period
2023-10-01 to 2024-09-30

HRCA Housing For Elderly Inc, founded in 1973, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $9.1M left a modest 5% surplus.

Mission

To operate affordable, supportive residential housing or low-income seniors in an atmosphere that supports individuality and respect, fosters active and energetic lifestyles, encourages independence and self-fulfillment, and values volunteerism and participation.

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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 $234,276
Program Service Revenue $9,264,020
Investment Income $110,399
Other Revenue $397
TOTAL REVENUE $9,609,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,419,946
Fundraising Expenses $0
Program Expenses $7,219,104
Other Expenses $6,703,324
TOTAL EXPENSES $9,123,270

Year-over-Year Comparison

2023 2022 Change
Revenue $9,609,092 $8,863,097 +0.1%
Expenses $9,123,270 $8,638,173 +0.1%
Net Income $485,822 $224,924 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
43
Volunteers
6

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
$2,569,781
Total Directors
6
$2,569,781
Key Employees
11
$4,531,332
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D HART SECRETARY & CHIEF FIN. OFFICER 1.0
Officer Director
$0 $82,599 $580,366
LOUIS J WOOLF PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO CURRENT) 1.0
Officer Director
$0 $84,903 $1,111,402
MARSHA COHEN TREASURER 0.1
Officer Director
$0 $0 $0
MELISSA BAYER TEARNEY BOARD CHAIR (THRU 9/30/23) 0.1
Officer Director
$0 $0 $0
RICHARD J HENKEN CHAIR ELECT (EFFECTIVE 10/1/23) 0.1
Officer Director
$0 $0 $0
STEVEN LANDERS PRESIDENT AND CEO (7/2023 - 5/2024) 1.0
Officer Director
$0 $39,841 $878,013
ERIC ROGERS CHIEF INFORMATION OFFICER 1.0
Key Emp
$0 $87,189 $438,323
KATELYN QUYNN CHIEF DEV OFF & VP BOARD REL 1.0
Key Emp
$0 $59,137 $439,718
KATHYRN W TASKER CHIEF SPONSORED AWARDS OFFICER 1.0
Key Emp
$0 $84,279 $362,109
KIMBERLY J BROOKS CHIEF OP. OFFICER, SEN LIVING 5.0
Key Emp
$0 $71,184 $446,384
LEWIS LIPSITZ MD DIR, HMIFAR & CHIEF ACAD. OFF 1.0
Key Emp
$0 $93,718 $509,310
LINDA THOMPSON CHIEF PEOPLE OFFICER 1.0
Key Emp
$0 $77,367 $432,449
MANDEL I ERNEST MD CHIEF MEDICAL OFFICER 0.5
Key Emp
$0 $63,347 $437,179
RACHEL LERNER ESQUIRE GEN. CNSL. & CHIEF COMP. OFF 1.0
Key Emp
$0 $74,001 $465,082
SARAH L SYKORA CHIEF COMM. & PLAN OFFICER 1.0
Key Emp
$0 $71,659 $381,463
STEPHEN M POST EXECUTIVE DIRECTOR - JACK SATTER HOUSE 45.0
Key Emp
$163,189 $79,521 $242,710
TAMMY B RETALIC MS RN CHIEF NURSING OFF. & VP PCS 1.0
Key Emp
$0 $80,270 $376,605
EMILY R SHAPIRO DIRECTOR OF RESIDENT SERVICES 45.0
Highest
$89,319 $25,469 $114,788
ERIC DESHARNAIS DIRECTOR OF FACILITIES 45.0
Highest
$98,829 $65,758 $164,587
PHORN SON MAINTENANCE TECH SPECIALIST 45.0
Highest
$70,357 $33,253 $103,610
ROBERT CREVATIS DIRECTOR, DINING SERVICES 45.0
Highest
$91,901 $55,747 $147,648
WILLIAM HERNANDEZ SENIOR ACCOUNTANT 45.0
Highest
$77,385 $17,776 $95,161
MARY MOSCATO FACHE PRESIDENT, HSL HC SVCS. & HRC 1.0
$0 $47,510 $765,256
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 $9,609,092 $9,123,270 $18,209,788 $485,822
2023 $8,863,097 $8,638,173 $19,002,222 $224,924
2022 $8,543,049 $8,095,225 $19,634,982 $447,824
2021 $8,028,350 $10,421,309 $19,826,495 $-2,392,959
2020 $7,527,326 $7,251,931 $17,569,058 $275,395
2019 $7,559,503 $6,813,947 $18,937,626 $745,556
2018 $7,502,362 $6,891,580 $19,665,039 $610,782
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