CAREGROUP PARMENTER HOME CARE & HOSPICE INC

EIN: 473111453 501(c)(3) Health Care

CAMBRIDGE, MA

Total Revenue
$21,585,086
Total Expenses
$20,929,830
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Principal Officer
KAREN EICHHORN
Phone
6174995021
Tax Period
2019-10-01 to 2020-09-30

CAREGROUP PARMENTER HOME CARE & HOSPICE INC, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $21.6M in total revenue in fiscal year 2019. Revenue decreased 14% compared to the prior year. Expenses of $20.9M left a modest 3% surplus.

Mission

ORGANIZATION'S MISSION: CAREGROUP PARMENTER HOME CARE & HOSPICE'S (CPHCH) PRIMARY MISSION IS TO PROVIDE HOME HEALTH CARE, HOSPICE AND BEREAVEMENT SERVICES TO INDIVIDUALS AND FAMILIES IN NEED OF SUCH SERVICES. ON MARCH 1, 2019, THE CAREGROUP SYSTEM OF AFFILIATES INCLUDING MOUNT AUBURN HOSPITAL, BETH ISRAEL DEACONESS MEDICAL CENTER, BETH ISRAEL DEACONESS MILTON, BETH ISRAEL DEACONESS NEEDHAM AND BETH ISRAEL DEACONESS PLYMOUTH AND NEW ENGLAND BAPTIST HOSPITAL, THE LAHEY HEALTH SYSTEM INCLUDING THE LAHEY CLINIC AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL AND MEDICAL CENTER, WINCHESTER HOSPITAL, NORTHEAST HOSPITAL CORPORATION D/B/A BEVERLY HOSPITAL, ADDISON GILBERT HOSPITAL AND BAYRIDGE HOSPITAL, ANNA JAQUES HOSPITAL AS WELL AS ENTITIES FOR WHICH THESE LISTED ORGANIZATIONS SERVE AS SOLE MEMBER AND ADDITIONAL AFFILIATES CAME TOGETHER TO FORM BETH ISRAEL LAHEY HEALTH (BILH). PRIOR TO MARCH 1, 2019, THE MOUNT AUBURN HOSPITAL, MOUNT AUBURN PROFESSIONAL SERVICES AND CAREGROUP PARMENTER HOME CARE AND HOSPICE WERE ALL PART OF THE CAREGROUP SYSTEM. BILH IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS AND ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,000 PHYSICIANS AND 35,000 EMPLOYEES.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $1,613,145
Program Service Revenue $19,971,941
Investment Income $0
Other Revenue $0
TOTAL REVENUE $21,585,086

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,688,532
Fundraising Expenses $0
Program Expenses $19,119,510
Other Expenses $5,241,298
TOTAL EXPENSES $20,929,830

Year-over-Year Comparison

2019 2018 Change
Revenue $21,585,086 $25,057,565 -0.1%
Expenses $20,929,830 $23,896,898 -0.1%
Net Income $655,256 $1,160,667 -0.4%
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
5
Independent Members
4
Employees
N/A
Volunteers
5

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
$1,513,609
Total Directors
8
$2,506,622
Key Employees
1
$245,818
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLOUGH JEANETTE G TRUSTEE 1.00
Director
$0 $51,049 $979,408
BURKE KATHRYN TTEE/VP CONTRACTING & BUS DEV 1.00
Director
$0 $51,974 $461,954
JOSEPH ESQ LESLIE A CLERK, TRUSTEE 1.00
Officer Director
$324,097 $29,830 $353,927
GIZMUNT JENNIFER TRUSTEE, PRESIDENT 1.00
Officer Director
$0 $22,973 $304,652
DOERNER-RINALDI MD ALDEN MD MEDICAL DIRECTOR, TRUSTEE 57.00
Director
$184,456 $41,095 $235,259
EICHHORN KAREN TRUSTEE, TREASURER, VP 1.00
Officer Director
$0 $21,926 $171,422
CANEPA JOHN J TRUSTEE 1.00
Director
$0 $0 $0
KIM KIJA TRUSTEE 1.00
Director
$0 $0 $0
SULLIVAN WILLIAM J TREASURER & VP OF FINANCE 1.00
Officer
$18,980 $46,769 $426,357
SILVADONNA M PRESIDENT 58.00
Officer
$231,870 $25,381 $257,251
COSTELLO DEBORAH RN MSN COO HOME, HEALTH, HOSPICE 1.00
Key Emp
$0 $11,240 $245,818
BROWN HEIDI DIR, HOME CARE CLINICAL SERV 60.00
Highest
$160,053 $11,250 $171,303
THULIN ROBIN THERAPIST 60.00
Highest
$132,498 $38,387 $170,885
FLETCHER DAVID DIRECTOR OF IS & FINANCE 60.00
Highest
$147,503 $14,156 $161,659
MARSDEN KELLY COMMUNITY HEALTH NURSE 60.00
Highest
$138,086 $12,934 $151,020
OZOONIAN DEBRA D RN CASE MANAGER 60.00
Highest
$134,381 $13,123 $147,504
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
2020 $21,585,086 $20,929,830 No data $655,256
2019 $25,057,565 $23,896,898 $5,175,778 $1,160,667
2018 $22,387,828 $23,343,512 $6,676,408 $-955,684
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