Fairhaven Healthcare Center is a nursing home based in Lowell, MA that was founded in 2007. As of 2019 they had $15 million in revenue and $24 million in assets.
It is the mission of Fairhaven Healthcare Center, Inc. to provide elders with dynamic, meaningful and supportive living environments, integrating quality Care, education and research, respect for individuality and the human spirit, and innovative appr...
Previous legal names or variations of their name include: Athena Health Care Associates; and Platinum Care Llc.
EIN:
20-8745264
City:
State:
Metro:
Website:
Founded:
2007
Type:
501(c)(3)
NTEE:
Revenue:
$15,479,414
Assets:
$24,985,465
Employees:
316
Fiscal year end:
December
Program areas at Fairhaven Healthcare Center
Fairhaven Healthcare Center is a 169-bed, jcaho accredited and medicare certified Healthcare facility offering traditional skilled nursing Care, short-term rehabilitation, plus a variety of specialized treatment programs.
Form 990s for Fairhaven Healthcare Center
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Jan 27, 2020 | 990 | View PDF |
| 2017-12 | Feb 21, 2019 | 990 | View PDF |
| 2016-12 | Jan 18, 2018 | 990 | View PDF |
| 2015-12 | Apr 10, 2017 | 990 | View PDF |
| 2014-12 | Feb 19, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for Fairhaven Healthcare Center
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $0 | $0 | |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $0 | $0 | |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | |
| Program services | $15,418,194 | $14,712,230 | 4.8% |
| Investment income and dividends | $61,220 | $26,901 | 127.6% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $0 | $0 | |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $15,479,414 | $14,739,131 | 5.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $0 | $0 | |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $8,023,046 | $7,380,120 | 8.7% |
| Pension/retirement accruals and contributions | $0 | $0 | |
| Other employee benefits | $497,725 | $519,798 | -4.2% |
| Payroll taxes | $575,495 | $550,777 | 4.5% |
| Management fees | $444,288 | $599,670 | -25.9% |
| Legal fees | $106,596 | $167,406 | -36.3% |
| Accounting fees | $23,578 | $42,459 | -44.5% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $713,246 | $602,928 | 18.3% |
| Advertising and promotion | $9,263 | $9,512 | -2.6% |
| Office expenses | $178,579 | $177,294 | 0.7% |
| Information tech. expenses | $0 | $0 | |
| Royalty expenses | $0 | $0 | |
| Occupancy | $256,267 | $236,653 | 8.3% |
| Travel | $14,086 | $13,925 | 1.2% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $1,995,138 | $1,987,671 | 0.4% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $737,056 | $765,723 | -3.7% |
| Insurance | $128,026 | $129,533 | -1.2% |
| All other expenses | $2,632,553 | $3,095,104 | -14.9% |
| Total expenses | $16,334,942 | $16,278,573 | 0.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $568,811 | $620,804 | -8.4% |
| Savings, short-term investments, etc. | $214,244 | $449,485 | -52.3% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $698,834 | $794,407 | -12.0% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $12,777 | $72,501 | -82.4% |
| Buildings, equipment, etc. post-depreciation | $16,716,853 | $17,344,802 | -3.6% |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $2,932,083 | $2,932,083 | |
| Other assets | $3,841,863 | $3,361,432 | 14.3% |
| Total assets | $24,985,465 | $25,575,514 | -2.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $2,726,261 | $1,927,848 | 41.4% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $37,854 | $0 | 999% |
| Tax-exempt bond liabilities | $25,683,458 | $26,203,946 | -2.0% |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $760,798 | $760,798 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $0 | $0 | |
| Total liabilities | $29,208,371 | $28,892,592 | 1.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $-4,222,906 | $-3,317,078 | -27.3% |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Fairhaven Healthcare Center
| Vendor | Services | Amount paid | Date |
|---|
| DNN / DotNetNuke | Content management system software | | 2020-06-27 |
| ██████████████████ ███ | Tax accounting | | 2019-11-04 |
| ████████ █████ | Food and Dietry Supplies | $112,810 | 2018-12-01 |
| ██████████ ████████ █████ | Housekeeping and Laundry Services | $454,512 | 2018-12-01 |
| ████████ ████ ███ | Management Company | $173,566 | 2018-12-01 |
| █████████ ████████ █████████ | Pharmacy Services | $314,926 | 2018-12-01 |
| ██████ ██████ ████ ███████ | Management Company | $154,938 | 2018-12-01 |
Personnel at Fairhaven Healthcare Center
| Name | Title | Compensation | Most recent data |
|---|
| Raymond Dennehy | President | $0 | Feb. 12, 2019 |
| Georgia Wayne | Director of Nursing | $121,024 | Aug. 6, 2018 |
| ███████ ███████████ | Director of Admissions | - | Aug. 29, 2019 |
| █████ █████ | Food Services Director | - | Aug. 29, 2019 |
| ██████ ████ | Director of Activities | - | Aug. 29, 2019 |
| ████ █████ | Secretary | $0 | Dec. 31, 2017 |
| █████ █████████ | Treasurer | $0 | Dec. 31, 2017 |
Peer nursing and convalescent homes
| | Name | Type | Revenue | Location |
|---|
| 1 | Chelsea Jewish Foundation | 501(c)(3) | $13 million | Chelsea, MA |
| 2 | Edgar P Benjamin Healthcare Center | 501(c)(3) | $11 million | Roxbury, MA |
| 3 | Williamstown Commons Nursing and Rehabilitation Center | 501(c)(3) | $14 million | Pittsfield, MA |
| 4 | Holy Trinity Nursing and Rehab Center | 501(c)(3) | $10 million | Worcester, MA |
| 5 | Laurel Ridge Rehabilitation and Skilled Care Center | 501(c)(3) | $13 million | Worcester, MA |
| 6 | Berkshire Place | 501(c)(3) | $15 million | Pittsfield, MA |
| 7 | Holyoke Retirement Community | 501(c)(3) | $11 million | Pittsfield, MA |
| 8 | Elizabeth Seton Residence | 501(c)(3) | $11 million | Wellesley Hills, MA |
| 9 | Alliance Health of Marblehead | 501(c)(3) | $5.1 million | Southborough, MA |
| 10 | Odd Fellows Home of Massachusetts | 501(c)(3) | $7.9 million | Worcester, MA |
| 11 | Jeffrey and Susan Brudnick Center for Living | 501(c)(3) | $19 million | Peabody, MA |
| 12 | New Bedford Jewish Convalescent Home | 501(c)(3) | $8.9 million | New Bedford, MA |
| 13 | The Hannah BG Shaw Home | 501(c)(3) | $10 million | Middleboro, MA |
| 14 | Chelsea Jewish Lifecare | 501(c)(3) | $5.8 million | Chelsea, MA |
| 15 | Catholic Memorial Home | 501(c)(3) | $24 million | Fall River, MA |
| 16 | St Patrick's Manor | 501(c)(3) | $33 million | Framingham, MA |
| 17 | Lutheran Home of Southbury (LHS) | 501(c)(3) | $13 million | Worcester, MA |
| 18 | Marian Manor for the Aged and Infirm | 501(c)(3) | $19 million | South Boston, MA |
| 19 | Chateau de Notre Dame | 501(c)(3) | $48 million | New Orleans, LA |
| 20 | Rha Pennsylvania Nursing Homes | 501(c)(3) | $11 million | West Chester, PA |
| 21 | Copper Ridge | 501(c)(3) | $14 million | Eldersburg, MD |
| 22 | Arrowhead Senior Living Community | 501(c)(3) | $12 million | Cambridge, MN |
| 23 | Maple Manor Care Center | 501(c)(3) | $5.5 million | Langdon, ND |
| 24 | Luther Manor Association | 501(c)(3) | $4.2 million | Hannibal, MO |
| 25 | Livonia Woods Nursing and Rehab | 501(c)(3) | $7.6 million | Flint, MI |