CHB Properties Inc

EIN: 043323330 501(c)(3) Health Care

Boston, MA

Total Revenue
$881,317
Total Expenses
N/A
Total Assets
$346,349,000
Net Assets
$17,077,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
Kevin B Churchwell MD
Phone
6173556000
Tax Period
2023-10-01 to 2024-09-30

CHB Properties Inc, founded in 1996, is a small nonprofit in the Health Care sector that reported $881K in total revenue in fiscal year 2023.

Mission

CHB Properties maintains and operates ambulatory care satellite properties for use by The Children's Hospital Corporation and its affiliated entities.

Program Service Accomplishments

Program 1
Revenue: $881,317

CHB Properties, Inc. (formerly known as Children's Extended Care Center) maintains and operates ambulatory care satellite properties in Peabody, Massachusetts. This organization leases space to...

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CHB Properties, Inc. (formerly known as Children's Extended Care Center) maintains and operates ambulatory care satellite properties in Peabody, Massachusetts. This organization leases space to Children's Hospital clinics and other healthcare organizations to provide healthcare services to children and others in these cities and surrounding communities.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $881,317
TOTAL REVENUE $881,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $881,317 $-292,670 -4.0%
Expenses N/A N/A N/A
Net Income N/A $-292,670 N/A
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

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

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Governance

Voting Members
4
Independent Members
1
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
5
$6,332,111
Total Directors
5
$6,332,111
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Churchwell MD President & Trustee 1.00
Officer Director
$0 $135,259 $3,197,892
Douglas Vanderslice Treasurer & Trustee 1.00
Officer Director
$0 $80,122 $1,684,195
Michele Garvin Esq Clerk & Trustee (END 10/16/23) 1.00
Officer Director
$0 $53,172 $1,254,786
Douglas Berthiaume Chairman 1.00
Officer Director
$0 $0 $0
Christopher Viney JD Clerk & Trustee (BEGIN 10/16/23) 1.00
Officer Director
$0 $20,376 $195,238
Sandra Fenwick Former President & Trustee 0.00
$0 $0 $939,289
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 $881,317 No data $346,349,000 No data
2023 $-292,670 No data $207,543,701 No data
2022 $951,294 No data $44,614,963 No data
2021 $521,593 No data $145,171,602 No data
2020 $-339,222 No data $155,431,117 No data
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