Circle Home INC FY2021 filing

IRS exemption revoked

Lawrence, MAUnknown exempt organizationEIN 04-2103812Revenue $11.6M in FY2021

On file with the IRShomehealthfoundation.org360 Merrimack Street Building 9 · Lawrence, MA

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To promote healthcare services to selected patients, in their homes, regardless of ability to pay.

91¢ of each $1 spent went to programs.
$594K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $651K a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$594K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 14 voting members
Looks good: 9 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.6M
+15% vs prior year
Spent
$11.4M
To programs
91%
Net assets
$947K
By yearFY2020–FY2021
Revenue
$11.6M
FY2021▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.0M
FY2021$11.6M
FY2021$173K
Expenses
$11.4M
FY2021+0.2%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.4M
FY2021$11.4M
FY2021$100K
Net assets
$947K
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$841K
FY2021$947K
FY2021$0

From the FY2021 Form 990 (year ending September 2021) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on February 15, 2025
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $10.5M Management & general 9% · $978K Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $594K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Clinical Supervisor
$141,859Pt VII · Sec A
IT Service Delivery Manager
$132,922Pt VII · Sec A
Sn Supervisor
$112,245Pt VII · Sec A
Physical Therapist
$106,909Pt VII · Sec A
Sn Supervisor
$100,244Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee (until Dec. 2020)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2021FY2021FY2020
Eileen Trefonides——$188,551
Elaine Bussey$103,007$141,859$130,526
Jonothan Mitchell$95,927$132,922$125,100
Joanne Picanso$81,500$112,245$108,675
Lefki Michael-Maxim——$108,596
Claudia Hartman—$106,909—
Kimberly Halloran—$100,244—
Irina Shneyderman$79,594——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides healthcare services to patients in their homes, regardless of their ability to pay.

Questions for Circle Home INC

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Provided by the organization

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1 program · $10.5M · in their own filed words · FY2020
01

Home Health Care

Provide necessary care & treatment to patients, in their homes, without regard for their ability to pay. This care is more cost effective, for certain populations, than inpatient CARE.HOME health care is for patients who have difficulty getting out of the house, and who need help with:*recovery after surgery or a hospital stay*healing…

$10.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$11.6M
Ln 12
Fees for servicesLn 2g$10.8M
Gifts and grantsLn 1h$733K
Money outPt IX
$11.4M
Ln 25
Programscol B$10.5M
Managementcol C$978K
Fundraisingcol D$3K
Owns and owesPt X
$947K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$3.7M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
26
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$733K
Government grantsLn 1e$685K
Fees for servicesLn 2g$10.8M
Total revenueLn 12$11.6M
Assets in detailPt X, end of year
SavingsLn 2$305K
Cash and savings togetherLn 1–2$305K
Land, buildings, equipmentLn 10c$898K
Total assetsLn 16$3.7M
LiabilitiesLn 26$2.7M
Net assetsLn 32$947K
OperationsPt I, VI
EmployeesI 5154
VolunteersI 612
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$519K$305K
Land, buildings, equipmentLn 10c$962K$898K
Total assetsLn 16$4.5M$3.7M
LiabilitiesLn 26$3.7M$2.7M
Net assetsLn 32$841K$947K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$7.2M$6.9M$292K$3K
Pension plan contributionsLn 8$104K$100K$5K
Other employee benefitsLn 9$679K$515K$164K
Payroll taxesLn 10$556K$526K$30K$201
Other fees for servicesLn 11g$364K$307K$56K
Office expensesLn 13$7K$4K$3K
Information technologyLn 14$258K$257K$2K
OccupancyLn 16$389K$389K
TravelLn 17$122K$122K
Conferences, conventions and meetingsLn 19$10K$1K$8K
Depreciation, depletion and amortizationLn 22$65K$65K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$1.5M$1.5M
All other expensesLn 24e$121K$119K$3K
Total functional expensesLn 25$11.4M$10.5M$978K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Viewing $11.6M$11.4M$106K$947K 990 PDF
FY2020 $10.0M$11.4M−$1.4M$841K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $11,553,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $469,947$733,439
I-9 Program service revenuePrior year $9,546,213$10,819,601
I-10 Investment incomePrior year $498$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $10,016,658$11,553,040
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,301,893$8,554,710
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,122,575$2,892,066
I-18 Total expensesPrior year $11,424,468$11,446,776
I-19 Revenue less expensesPrior year −$1,407,810$106,264
Part VI · Governance 9 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,553,040 across 5 lines filed
VIII-1e Government grants$684,878
VIII-1f All other contributions, gifts and grants$48,561
VIII-1h Total contributions, gifts and grants$733,439
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,819,601$10,819,601
VIII-12 Total revenueRelated to mission $10,819,601 · Unrelated business $0 · Excluded from tax $0$11,553,040
Part IX · Statement of functional expenses $11,446,776 across 14 lines filed
IX-7 Other salaries and wagesPrograms $6,919,972 · Management $292,282 · Fundraising $2,623$7,214,877
IX-8 Pension plan contributionsPrograms $99,932 · Management $4,546$104,478
IX-9 Other employee benefitsPrograms $515,177 · Management $163,691$678,868
IX-10 Payroll taxesPrograms $526,359 · Management $29,927 · Fundraising $201$556,487
IX-11g Other fees for servicesPrograms $307,206 · Management $56,333$363,539
IX-13 Office expensesPrograms $4,211 · Management $3,000$7,211
IX-14 Information technologyPrograms $256,529 · Management $1,731$258,260
IX-16 OccupancyManagement $389,065$389,065
IX-17 TravelPrograms $122,154$122,154
IX-19 Conferences, conventions and meetingsPrograms $1,378 · Management $8,132$9,510
IX-22 Depreciation, depletion and amortizationPrograms $64,511$64,511
IX-23 InsuranceManagement $26,787$26,787
IX-24 Other expenses (24a–d)Programs $1,529,826$1,529,826
IX-24e All other expensesPrograms $118,579 · Management $2,624$121,203
IX-25 Total functional expensesPrograms $10,465,834 · Management $978,118 · Fundraising $2,824$11,446,776
Part X · Balance sheet $3,678,636 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $519,098$305,457
X-4 Accounts receivableStart of year $3,023,866$2,475,529
X-9 Prepaid expenses and deferred chargesStart of year $14,685$124
X-10c Land, buildings and equipment, netStart of year $962,037$897,526
X-16 Total assetsStart of year $4,519,686$3,678,636
X-17 Accounts payable and accrued expensesStart of year $1,644,124$1,254,445
X-19 Deferred revenueStart of year $328,786$108,629
X-25 Other liabilitiesStart of year $1,705,811$1,368,333
X-26 Total liabilitiesStart of year $3,678,721$2,731,407
X-27 Net assets without donor restrictionsStart of year $840,965$947,229
X-32 Total net assets or fund balancesStart of year $840,965$947,229
X-33 Total liabilities and net assetsStart of year $4,519,686$3,678,636
Part XI · Reconciliation of net assets $947,229 net assets at year end
XI-1 Total revenue$11,553,040
XI-2 Total expenses$11,446,776
XI-3 Revenue less expenses$106,264
XI-4 Net assets at start of year$840,965
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$947,229

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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