NEEDHAM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTH HILL NEEDHAM INC, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $57.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.
NORTH HILL NEEDHAM, INC. IS A MISSION-DRIVEN ORGANIZATION THAT PROVIDES HOUSING AND HEALTHCARE SERVICES TO THE ELDERLY, AND TAKES CARE OF ITS RESIDENTS FOR LIFE EVEN WHEN THEIR FINANCIAL RESOURCES ARE DEPLETED.
NORTH HILL NEEDHAM, INC. IS A 501(C)(3) TAX-EXEMPT CONTINUING CARE RETIREMENT COMMUNITY GOVERNED BY A BOARD OF TRUSTEES COMPRISED OF CITIZENS FROM SURROUNDING LOCAL COMMUNITIES. NORTH HILL NEEDHAM...
NORTH HILL NEEDHAM, INC. IS A 501(C)(3) TAX-EXEMPT CONTINUING CARE RETIREMENT COMMUNITY GOVERNED BY A BOARD OF TRUSTEES COMPRISED OF CITIZENS FROM SURROUNDING LOCAL COMMUNITIES. NORTH HILL NEEDHAM, INC. BEGAN ITS TRADITION OF LEADERSHIP IN 1984 OFFERING NEW SENIOR LIVING OPPORTUNITIES AND INTRODUCING LIFECARE TO MASSACHUSETTS. NORTH HILL NEEDHAM, INC. OPERATES A LIFECARE RETIREMENT COMMUNITY WHICH INCLUDES 320 APARTMENTS, 44 ENHANCED INDEPENDENT LIVING APARTMENTS, AND A 72-BED SKILLED NURSING FACILITY. OVER THE YEARS, NORTH HILL NEEDHAM, INC. HAS INNOVATED WAYS TO ENHANCE THE LIVES OF PEOPLE 65 AND OLDER. "PURPOSEFUL LIVING" IS THE HEART OF THE TRUE NORTH SPIRIT. IT IS BOTH A PHILOSOPHY AND APPROACH TO LIFE, DESIGNED TO ENRICH THE WELL-BEING OF EACH PERSON WHO LIVES AND WORKS AT NORTH HILL NEEDHAM, INC. NORTH HILL NEEDHAM, INC. CONNECTS ITS RESIDENTS WITH AN ABUNDANCE OF OPPORTUNITIES ON AND AROUND ITS CAMPUS. RESIDENTS CAN TAKE CLASSES AT A NEARBY UNIVERSITY OR TAKE IN THE EXTRAORDINARY CULTURAL OFFERINGS OF BOSTON. THEY CAN STRENGTHEN THEIR MINDS THROUGH BOOK CLUBS, ART CLASSES AND LECTURES AND STRENGTHEN THEIR BODIES IN THE INDOOR POOL OR BY JOINING THE OUTDOOR WALKING CLUB. NORTH HILL NEEDHAM, INC. PROVIDES THE PEACE OF MIND OF LIFECARE AND A 90% REFUNDABLE ENTRANCE FEE - TWO FIRSTS FOR THE STATE OF MASSACHUSETTS. THE 90% REFUNDABLE ENTRANCE FEE KEEPS NORTH HILL NEEDHAM, INC.'S LIFESTYLE AND SERVICES AFFORDABLE FOR THOSE IN THE WELLESLEY/NEEDHAM COMMUNITY AND KEEPS PRICING STABLE FOR THE LEVEL OF CARE PROVIDED. SINCE 2010, NORTH HILL NEEDHAM, INC. HAS OFFERED THREE TYPES OF CONTRACTS: THE FLAGSHIP 90% REFUNDABLE WITH LIFECARE, DECLINING BALANCE WITH LIFECARE AND 90% REFUNDABLE WITHOUT LIFECARE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $57,153,415 | $51,032,089 | +0.1% |
| Expenses | $56,446,772 | $55,199,321 | +0.0% |
| Net Income | $706,643 | $-4,167,232 | -1.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SUSAN MELLACE | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TINA VASCONCELLES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN T GRIMES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RUSSELL CORSINI JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH CREED SCHMIDT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD DAVIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL GRAZEWSKI | TRUSTEE (UNTIL 11/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| MAURICE HANDEL | TRUSTEE (UNTIL 01/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID HANSEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY HOFFMANN CPA | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANCIS NEMIA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIA RAGLAND MD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY J REICH WEIL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HOWARD RUBIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL WANTANABE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER PINGITORE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WALTER ARMSTRONG | TRUSTEE (UNTIL 12/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| GIG BABSON | TRUSTEE (UNTIL 4/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| SAVA BERHANE | TRUSTEE (UNTIL 4/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN BARTH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH A FRIAS | PRESIDENT & CEO | 36.00 |
Officer
|
$346,927 | $39,065 | $385,992 |
| KARALYN BERE | VP OF FINANCE | 38.00 |
Officer
|
$178,021 | $10,964 | $188,985 |
| PATRICIA PAULIN | TREASURER | 39.00 |
Officer
|
$178,715 | $17,134 | $195,849 |
| MICHELLE HOULIHAN | CLERK/EXECUTIVE ASSISTANT | 39.00 |
Officer
|
$90,823 | $13,796 | $104,619 |
| PATTY CUSACK | SALES AND MARKETING DIRECTOR | 40.00 |
Key Emp
|
$301,699 | $19,404 | $321,103 |
| BETHANY MERCER | DIRECTOR OF OPERATIONS | 40.00 |
Key Emp
|
$190,020 | $8,730 | $198,750 |
| MILIND MAHATME | DIRECTOR OF SYSTEMS AND TECHNOLOGY | 40.00 |
Key Emp
|
$187,084 | $7,202 | $194,286 |
| SUSAN DOWNEY | VP OF HEALTHCARE AND CORP COMPLIANCE | 36.00 |
Key Emp
|
$195,712 | $34,626 | $230,338 |
| DANA FINIZIO | DIRECTOR OF HUMAN RESOURCES | 30.00 |
Highest
|
$150,005 | $8,516 | $158,521 |
| LINDA MCCONCHIE | MAKRETING MANAGER | 40.00 |
Highest
|
$158,349 | $13,699 | $172,048 |
| TARA JONES | SALES ASSOCIATE | 40.00 |
Highest
|
$210,458 | $29,035 | $239,493 |
| LAURETTE JOSEPH | RN SUPERVISOR | 40.00 |
Highest
|
$142,585 | $14,292 | $156,877 |
| RUTH KENNEDY | SENIOR SALES ASSOCIATE | 40.00 |
Highest
|
$227,161 | $16,332 | $243,493 |
| HARRY GOODALE | DIRECTOR OF FACILITIES (UNTIL 01/25) | 40.00 |
|
$176,422 | $15,661 | $192,083 |
| CARLOS ANDRES BONILLA-TEJADA | SNF ADMINISTRATOR (UNTIL 02/25) | 40.00 |
|
$187,442 | $15,185 | $202,627 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $57,153,415 | $56,446,772 | $269,716,796 | $706,643 |
| 2024 | $51,032,089 | $55,199,321 | $261,567,649 | $-4,167,232 |
| 2023 | $47,522,022 | $50,375,968 | $250,849,770 | $-2,853,946 |
| 2022 | $46,801,004 | $44,840,321 | $218,215,357 | $1,960,683 |
| 2021 | $40,163,548 | $44,017,494 | $216,688,073 | $-3,853,946 |
| 2020 | $44,118,970 | $43,696,009 | $205,406,535 | $422,961 |
| 2019 | $40,585,345 | $41,725,027 | $200,292,285 | $-1,139,682 |
| 2018 | $38,495,170 | $40,824,389 | $195,284,237 | $-2,329,219 |
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