VISITING NURSE COMMUNITIES INC

EIN: 471890512 501(c)(3) Housing & Shelter

SOMERVILLE, MA

Total Revenue
$1,810,613
Total Expenses
$1,636,092
Total Assets
$8,578,785
Net Assets
$3,704,391
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
JACOB SAUERBORN
Phone
6177769800
Tax Period
2024-01-01 to 2024-12-31

VISITING NURSE COMMUNITIES INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.6M left a modest 10% surplus.

Mission

TO PROVIDE AFFORDABLE SUPPORTIVE HOUSING SERVICES TO THOSE IN NEED INCLUDING BUT NOT LIMITED TO HOME HEALTH CARE, AFFORDABLE HOUSING AND SUPPORTIVE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,313,858 Revenue: $1,809,200

TO PROVIDE AFFORDABLE SUPPORTIVE HOUSING SERVICES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,809,200
Investment Income $1,413
Other Revenue $0
TOTAL REVENUE $1,810,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,021
Fundraising Expenses $0
Program Expenses $1,313,858
Other Expenses $1,048,071
TOTAL EXPENSES $1,636,092

Year-over-Year Comparison

2024 2023 Change
Revenue $1,810,613 $1,971,210 -0.1%
Expenses $1,636,092 $1,617,312 +0.0%
Net Income $174,521 $353,898 -0.5%
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
8
Independent Members
6
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
6
$513,433
Total Directors
8
$513,433
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRAN GAYRON CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ELIZABETH MINASSIAN VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
LINDA S CORNELL PRESIDENT/CEO 1.00
Officer Director
$0 $68,150 $361,818
ELLEN O'BRIEN SECRETARY 1.00
Officer Director
$0 $0 $0
SHIPLEY MASON TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT DITUCCI DIRECTOR 1.00
Director
$0 $0 $0
JOAN LANDERS DIRECTOR 1.00
Director
$0 $0 $0
JACOB SAUERBORN CFO/DIRECTOR 1.00
Officer Director
$0 $16,917 $151,615
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 $1,810,613 $1,636,092 $8,578,785 $174,521
2023 $1,971,210 $1,617,312 $8,529,249 $353,898
2022 $1,928,937 $1,975,677 $8,324,512 $-46,740
2021 $1,931,182 $1,808,053 $8,522,333 $123,129
2020 $1,819,384 $1,723,781 $8,685,062 $95,603
2019 $1,716,524 $1,846,082 $8,873,934 $-129,558
2018 $2,043,925 $1,886,990 $9,129,704 $156,935
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