Loomis House INC FY2021 filing

South Hadley, MAUnknown exempt organizationEIN 04-2108366Revenue $99K in FY2021

On file with the IRSloomiscomunities.org246 North Main Street · South Hadley, MA

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The mission is to open doors to positive aging by enriching the lives of older adults

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $111K a year · 97% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$135K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 17 voting members
Looks good: 15 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
-4% vs prior year
Spent
$4K
To programs
0%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$99K
FY2021▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$104K
FY2021$99K
FY2022$110K
FY2023$217K
FY2024$39K
Expenses
$4K
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$4K
FY2021$4K
FY2022$3K
FY2023$5K
FY2024$833
Net assets
$3.7M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$3.7M
FY2022$3.7M
FY2023$4.0M
FY2024$0

From the FY2021 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $4K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation
CEO/President
$0Pt VII · Sec A
CFO/ Treasurer /Assistant Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, Chairperson
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Loomis House INC executive salaries →

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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

Enriching older adults' lives to open doors for positive aging.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Provided long term care in a skilled nursing center to the elderly and disabled. This facility was sold on 11/1/2017. We anticipate continuing to serve elderly adults under this ein number in the future.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$99K
Ln 12
Investment incomeLn 3$99K
Money outPt IX
$4K
Ln 25
Managementcol C$4K
Owns and owesPt X
$3.7M
net assets · Ln 32
Total assetsLn 16$3.9M
LiabilitiesLn 26$135K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$99K
Gains on assetsLn 7$85K
Total revenueLn 12$99K
Assets in detailPt X, end of year
InvestmentsLn 11–13$1.1M
Other assetsLn 15$2.7M
Total assetsLn 16$3.9M
LiabilitiesLn 26$135K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
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
InvestmentsLn 11–13$946K$1.1M
Total assetsLn 16$3.8M$3.9M
LiabilitiesLn 26$169K$135K
Net assetsLn 32$3.6M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$1K$0$1K$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$2K$0$2K$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$25$0$25$0
Information technologyLn 14$872$0$872$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$70$0$70$0
Total functional expensesLn 25$4K$0$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $39K$833$38K$0 990 PDF
FY2023 $217K$5K$213K$4.0M 990 PDF
FY2022 $110K$3K$107K$3.7M 990 PDF
FY2021 Viewing $99K$4K$95K$3.7M 990 PDF
FY2020 $104K$4K$100K$3.6M 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 $99,046 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $103,587$99,046
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $103,587$99,046
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,056$3,778
I-18 Total expensesPrior year $4,056$3,778
I-19 Revenue less expensesPrior year $99,531$95,268
Part VI · Governance 15 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members15
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 $99,046 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,669$13,669
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $85,377$85,377
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $99,046$99,046
Part IX · Statement of functional expenses $3,778 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $1,245 · Fundraising $0$1,245
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $1,566 · Fundraising $0$1,566
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $25 · Fundraising $0$25
IX-14 Information technologyPrograms $0 · Management $872 · Fundraising $0$872
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $0 · Management $70 · Fundraising $0$70
IX-25 Total functional expensesPrograms $0 · Management $3,778 · Fundraising $0$3,778
Part X · Balance sheet $3,880,275 assets, 12 lines filed
X-4 Accounts receivableStart of year $170,490$136,785
X-11 Publicly traded securitiesStart of year $945,660$1,066,211
X-15 Other assetsStart of year $2,648,846$2,677,279
X-16 Total assetsStart of year $3,764,996$3,880,275
X-17 Accounts payable and accrued expensesStart of year $767$556
X-19 Deferred revenueStart of year $168,525$134,820
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $169,292$135,376
X-27 Net assets without donor restrictionsStart of year $3,577,469$3,723,065
X-28 Net assets with donor restrictionsStart of year $18,235$21,834
X-32 Total net assets or fund balancesStart of year $3,595,704$3,744,899
X-33 Total liabilities and net assetsStart of year $3,764,996$3,880,275
Part XI · Reconciliation of net assets $3,744,899 net assets at year end
XI-1 Total revenue$99,046
XI-2 Total expenses$3,778
XI-3 Revenue less expenses$95,268
XI-4 Net assets at start of year$3,595,704
XI-5 Net unrealized gains (losses) on investments$51,487
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$2,440
XI-10 Net assets at end of year$3,744,899

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

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