Nichols Village Inc in Groveland, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Nichols Village Inc | |
| Employer Identification Number (EIN) | 043578370 |
| Name of Organization | Nichols Village Inc |
| In Care of Name | Richard Cammett |
| Address | 18 King St, Groveland, MA 01834-1231 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $30,836,343 |
| Amount of Income | $3,678,210 |
| Form 990 Revenue Amount | $3,520,670 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Senior Citizens' Housing/Retirement Communities |
Non-representatives - add comments:
Amount of income in 2013: $3,678,210 (it was $3,288,908 in 2012)
| Nichols Village Inc: | $3,678,210 |
| Other organizations performing similar types of work: | $284,463 |
Assets in 2013: $30,836,343 (it was $31,902,786 in 2012)
| Nichols Village Inc: | $30,836,343 |
| Other organizations performing similar types of work: | $1,921,874 |
Expenses in 2012: $3,839,911
| Nichols Village Inc: | $3,839,911 |
| Other organizations performing similar types of work: | $319,873 |
Income to expenses ratio in 2012: 1.0
| Nichols Village Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 22.5%
| Nichols Village Inc: | 22.5% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $3,288,908 | $7,604 | $2,548,908 | |
| Contributions, gifts, grants, etc., received | $740,000 | |||
| Interest on savings and temporary cash investments | $7,604 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $2,449,515 | |||
| Gross profit from sales of goods | $28,800 | |||
| Gross sales less returns and allowances | $28,800 | |||
| Less: Cost of goods sold | $0 | |||
| Other income | $62,989 | |||
| Total expenses and disbursements | $3,839,911 | $1,029 | $3,838,882 | $2,880,353 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,839,911 | $1,029 | $2,880,353 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-551,003 | |||
| Net investment income | $6,575 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $31,902,786 | $31,902,786 |
| Cash - non-interest-bearing | $450 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $31,902,336 | |
| Total liabilities | $25,864,784 | |
| Mortgages and other notes payable | $5,975,439 | |
| Other | $19,889,345 | |
| Total liabilities and net assets/fund balances | $6,038,002 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $66 |
| Total credits and payments | $66 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $66 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $31,902,786 |
| Net value of noncharitable-use assets | $6,133,960 |
| Minimum investment return | $306,698 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Skidaway Health And Living Services Inc | 95 Skidaway Island Park Road, Savannah, GA 31411-1104 | GA | 1999-11 | $17,690,138 |
| 2 | St Louis Life | 2001 E Terra Ln, Ofallon, MO 63366-4434 | MO | 2006-01 | $957,241 |
| 3 | Saugatucket Springs Inc | 861a Broad St, Providence, RI 02907-1768 | RI | 2003-11 | $470,399 |
| 4 | St Mary Magdlene Apartments Inc | PO BOX 93108, Lafayette, LA 70509-3108 | LA | 2004-03 | $105,388 |
| 5 | The Groves In Lincoln Inc | 88 Masonic Home Road, Charlton, MA 01507-1394 | MA | 2007-08 | $78,107,274 |
| 6 | Overlook Health Center At Northampton Inc | 88 Masonic Home Road, Charlton, MA 01507-1394 | MA | 2010-10 | $8,542,363 |
| 7 | Sons Of Divine Providence Inc Don Orione Nursing Home | 111 Orient Ave, East Boston, MA 02128-1006 | MA | 2012-12 | $8,372,965 |
| 8 | Youville House Inc | 1573 Cambridge St, Cambridge, MA 02138-4377 | MA | 1994-10 | $6,341,533 |
| 9 | Seashore Point-Deaconess Inc | 100 Alden Street, Provincetown, MA 02657-1456 | MA | 2006-12 | $5,964,399 |
| 10 | Youville Place Inc | 10 Pelham Rd, Lexington, MA 02421-8400 | MA | 1996-04 | $5,723,835 |
| 11 | Stevens Senior Housing Of Ludlow Inc | 322 Main Street, Springfield, MA 01105 | MA | 2011-07 | $4,867,449 |
| 12 | 419 Walnut Inc | 1 Florence St, Boston, MA 02131-3638 | MA | 2014-09 | $2,735,800 |
| 13 | Sophia Snow House Inc, Lincoln W Williams | 1215 Centre Street, Roslindale, MA 02132-7701 | MA | 2003-09 | $2,413,765 |
| 14 | Wollaston Lutheran Housing Inc | Town Brook House 45 Brackett Street, Quincy, MA 02169 | MA | 2005-01 | $2,165,569 |
| 15 | Sherburne Commons Inc | 40 Sherburne Commons, Nantucket, MA 02554-4451 | MA | 2000-02 | $1,298,019 |
| 16 | Sophia Snow Independent Living Inc | 1215 Centre Street, West Roxbury, MA 02132-7701 | MA | 2003-09 | $1,211,350 |
| 17 | Southeast Center For Independent Living Inc | 66 Troy St, Fall River, MA 02720-3023 | MA | 1987-08 | $936,401 |
| 18 | Villa Mechelangelo Inc | 72 Marginal Street, East Boston, MA 02128-2135 | MA | 1998-04 | $679,647 |
| 19 | Westfield 202 Inc | 138 E Mountain Road, Westfield, MA 01085-1888 | MA | 1999-07 | $407,317 |
| 20 | Shawme Heights Ii Inc | 5 Leveridge Lane, Sandwich, MA 02563-1834 | MA | 1999-11 | $393,768 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,836 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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