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Visiting Nurse Communities Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471890512 ✦ Somerville, MA ✦ Designated as a 501(c)(3)

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Overview

What is Visiting Nurse Communities Inc?

Visiting Nurse Communities Inc is a nonprofit organization committed to offering affordable assisted living services to individuals in need. Their mission encompasses various aspects, including home health care, providing affordable housing options, and offering supportive services. By offering these essential services, Visiting Nurse Communities Inc aims to enhance the quality of life for those in need, ensuring they receive the care and assistance they require.


Official website here: www.vnaem.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Stars)

Visiting Nurse Communities Inc has received a solid Three-Star rating from Charity Navigator, reflecting a well-managed organization with strong accountability and financial practices. The organization boasts an impressive 87% score in this category, underscoring its commitment to transparency and responsible governance. Notably, the majority of its board members are independent, allowing for unbiased oversight.

The organization excels in various financial metrics, including a high program expense ratio of 73.98%, which indicates a significant portion of its budget is directed towards its programs and services. Additionally, it has demonstrated sound financial practices, such as having no material diversion of assets and maintaining well-documented policies for conflict of interest and whistleblower protections.

However, the liabilities to assets ratio at 61.84% suggests that there may be some financial risk if not carefully managed. While the organization is performing well overall, there could be concerns regarding its financial leverage that merit ongoing attention.


This AI summary has been generated from information found on Charity Navigator.

Is Visiting Nurse Communities Inc legitimate?

Visiting Nurse Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visiting Nurse Communities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $634,519

For more financial information, click here


Official website here: www.vnaem.org

What is the mission statement of Visiting Nurse Communities Inc?

Visiting Nurse Communities Inc is committed to offering affordable assisted living services to individuals in need. Their mission encompasses providing various support services, such as home health care and affordable housing, alongside essential assistance. The organization's ultimate goal is to enhance the lives of those in need, ensuring they receive the care and living conditions they deserve.


Official website here: www.vnaem.org

Who is the CEO of Visiting Nurse Communities Inc?

Linda Cornell is the Chairperson of Visiting Nurse Communities Inc. The CEO's salary of Visiting Nurse Communities Inc is $0 and their total compensation is $310,754.


Official website here: www.vnaem.org

What is the revenue of Visiting Nurse Communities Inc?

Visiting Nurse Communities Inc's revenue in 2021 was $1,931,182.


Official website here: www.vnaem.org

Who are the executives of Visiting Nurse Communities Inc and what are their salaries?

There 2 volunteers at Visiting Nurse Communities Inc.


Here are 8 key members and their salaries (Visiting Nurse Communities Inc's CEO's salary is $0 and their total compensation is $310,754):


Fran Gayron (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Minassian (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda S Cornell (President/Ceo)
  • Compensation: $0
  • Related: $230,983
  • Other: $79,771
Ellen O'Brien (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shipley Mason (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Ditucci (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Landers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Sauerborn (Cfo/Director)
  • Compensation: $0
  • Related: $113,300
  • Other: $29,849


Official website here: www.vnaem.org

Where can I find the form 990 for Visiting Nurse Communities Inc?

Visiting Nurse Communities Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.vnaem.org

Learn more at the official website: www.vnaem.org

Mission Statement of Visiting Nurse Communities Inc

Visiting Nurse Communities Inc, a nonprofit organization, is committed to providing affordable assisted living services for individuals in need. Their mission encompasses various aspects of care, including home health services, affordable housing, and supportive services. By offering these essential services, Visiting Nurse Communities Inc aims to make a significant impact on the lives of those who require assistance. Through home health care, they ensure that individuals receive the medical attention they need in the comfort of their own homes. The affordable housing aspect of their mission provides a safe and secure living environment for those who may not have the means to afford such accommodations otherwise. Lastly, their supportive services offer additional assistance to help individuals maintain their independence and improve their quality of life.

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Impact




July, 2024

Visiting Nurse Communities Inc has a significant impact on the community by providing affordable assisted living services to those in need. Their services, including home health care, affordable housing, and supportive services, contribute to improving the quality of life for individuals who may not have access to these vital resources otherwise. Through their mission to offer affordable assisted living services, Visiting Nurse Communities Inc helps to address the specific needs of vulnerable populations, ultimately promoting healthier and more stable communities in SOMERVILLE, MA.




This information is meant to be a general summary of Visiting Nurse Communities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,931,182 (2021)
Expenses
$1,808,053 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $326
  • Program Service Revenue: $1,854,536
  • Gross Receipts: $1,931,182

Assets and Liabilities:

  • Total Assets: $8,522,333
  • Total Liabilities: $5,299,621
  • Net Assets: $3,222,712

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENT

Revenue

$1,044,633

RESIDENT SERVICES

Revenue

$644,835

MISCELLANEOUS

Revenue

$93,068

COMMERCIAL RENT

Revenue

$72,000

Organization Details

Founding Year

2015

Principal Officer

Linda Cornell

Main Address

259 LOWELL STREET, SOMERVILLE, MA, 02144

NTEE Category

Code: L22 - Housing

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