Central Boston Elder Services INC FY2023 filing

Tax-deductible

Boston, MA501(c)(3)Since 1974Human ServicesEIN 04-2546441

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To provide home care Services, referrals and advocacy to the elderly population located in the Boston area.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$816K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $1.2M a year · 1% 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$816K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15.4M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 16 voting members
Looks good: 13 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$86.9M
+11% vs prior year
Spent
$86.7M
To programs
95%
Net assets
$25.0M
By yearFY2020–FY2024
Revenue
$86.9M
FY2023▲ +11%
Revenue by fiscal year
FY2020$68.8M
FY2021$71.4M
FY2022$78.6M
FY2023$86.9M
FY2024$100.2M
FY2024$105.7M
Expenses
$86.7M
FY2023▲ +12%
Expenses by fiscal year
FY2020$68.6M
FY2021$67.4M
FY2022$77.5M
FY2023$86.7M
FY2024$99.9M
FY2024$105.7M
Net assets
$25.0M
FY2023▲ +0.6%
Net assets by fiscal year
FY2020$20.2M
FY2021$24.3M
FY2022$24.9M
FY2023$25.0M
FY2024$25.5M
FY2024$25.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1974.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $82.1M Management & general 5% · $4.6M

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

22 people listed on the 990; $816K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$226,530Pt VII · Sec A
Director of Human Resources
$151,259Pt VII · Sec A
Controller
$140,196Pt VII · Sec A
Director of Ltss
$137,747Pt VII · Sec A
Director of Clinical Services
$133,218Pt VII · Sec A
Chief Financial Officer
$26,856Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sylvia Exantus’s $263K as Executive Director is at the 19th percentile of top reported officer pay among 249 $100M+ human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sylvia Exantus$262,626$279,712$226,530$183,246$165,336$166,504
Michael Vance———$270,196$229,988$185,907
Catherine Hardaway—————$251,133
Doreen Lindsay$165,968$154,668$151,259$150,871$146,084$142,884
Fernando Joves$163,711$144,940$26,856———
Mila Latino$150,464$153,677$137,747$143,727$130,812$136,075
Mark Pashoian$135,399$128,096$140,196———
Jean Simone Lopez——$133,218$129,456$119,123$124,535

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

Offers home care, referrals, and advocacy for Boston's elderly.

Provided by the organization

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3 program services account for $73.0M of program spending, described in the organization's own filed words · FY2022.
01

Senior Care Options

Provides case management services and purchased services to sco clients on a fee for service basis or on a unit basis.

$38.9Mprogram expense
02

Community Choices

Provides services to medicaid eligible elders for the purpose of preventing nursing home placements.

$27.3Mprogram expense
03

State Home Care Grant

Provides home, chore and personal care to eligible elderly clients in the boston area.

$6.7Mprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$86.9M
Ln 12
Fees for servicesLn 2g$86.6M
Investment incomeLn 3$199K
Other incomeLn 4–11$105K
Money outPt IX
$86.7M
Ln 25
Programscol B$82.1M
Managementcol C$4.6M
Owns and owesPt X
$25.0M
net assets · Ln 32
Cash and savingsLn 1–2$8.8M
Total assetsLn 16$40.4M
LiabilitiesLn 26$15.4M
PeoplePt VI, VII
22
listed · VII A
PaidVII A6
Voting boardVI 1a16
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$86.6M
Investment incomeLn 3$199K
Other incomeLn 4–11$105K
Total revenueLn 12$86.9M
Assets in detailPt X, end of year
CashLn 1$8.8M
Cash and savings togetherLn 1–2$8.8M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$944K
Total assetsLn 16$40.4M
LiabilitiesLn 26$15.4M
Net assetsLn 32$25.0M
OperationsPt I, VI
EmployeesI 5218
VolunteersI 634
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$13.3M$8.8M
InvestmentsLn 11–13$2.1M$2.2M
Land, buildings, equipmentLn 10c$7.0M$6.9M
Total assetsLn 16$38.5M$40.4M
LiabilitiesLn 26$13.6M$15.4M
Net assetsLn 32$24.9M$25.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$68.2M$68.2M
Pay of current officers, directors and key staffLn 5$403K$403K
Other salaries and wagesLn 7$11.4M$8.9M$2.5M
Pension plan contributionsLn 8$516K$387K$129K
Other employee benefitsLn 9$2.1M$1.5M$514K
Payroll taxesLn 10$1.0M$750K$250K
Legal feesLn 11b$66K$66K
Accounting feesLn 11c$50K$50K
Advertising and promotionLn 12$15K$11K$4K
OccupancyLn 16$646K$483K$163K
TravelLn 17$38K$38K$277
Depreciation, depletion and amortizationLn 22$338K$246K$92K
Other expenses (24a–d)Ln 24$1.9M$1.5M$420K
Total functional expensesLn 25$86.7M$82.1M$4.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $100.2M$99.9M$333K$25.5M 990 PDF
FY2023 Viewing $86.9M$86.7M$207K$25.0M 990 PDF
FY2022 $78.6M$77.5M$1.1M$24.9M 990 PDF
FY2021 $71.4M$67.4M$4.0M$24.3M 990 PDF
FY2020 $68.8M$68.6M$247K$20.2M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $86,879,694 across 6 lines filed
VIII-1f All other contributions, gifts and grants$16,072
VIII-1h Total contributions, gifts and grants$16,072
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,559,370$86,559,370
VIII-3 Investment incomeExcluded from tax $199,182$199,182
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $105,070$105,070
VIII-12 Total revenueRelated to mission $86,664,440 · Unrelated business $0 · Excluded from tax $199,182$86,879,694
Part IX · Statement of functional expenses $86,672,564 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $68,189,723$68,189,723
IX-5 Pay of current officers, directors and key staffManagement $403,149$403,149
IX-7 Other salaries and wagesPrograms $8,880,600 · Management $2,541,874$11,422,474
IX-8 Pension plan contributionsPrograms $387,421 · Management $128,958$516,379
IX-9 Other employee benefitsPrograms $1,546,680 · Management $514,113$2,060,793
IX-10 Payroll taxesPrograms $750,256 · Management $249,883$1,000,139
IX-11b Legal feesPrograms $66,300$66,300
IX-11c Accounting feesManagement $50,000$50,000
IX-12 Advertising and promotionPrograms $10,864 · Management $4,034$14,898
IX-16 OccupancyPrograms $483,133 · Management $162,516$645,649
IX-17 TravelPrograms $37,516 · Management $277$37,793
IX-22 Depreciation, depletion and amortizationPrograms $245,663 · Management $92,010$337,673
IX-24 Other expenses (24a–d)Programs $1,508,037 · Management $419,557$1,927,594
IX-25 Total functional expensesPrograms $82,106,193 · Management $4,566,371 · Fundraising $0$86,672,564
Part X · Balance sheet $40,431,608 assets, 16 lines filed
Asset lines not itemized here account for $1,956,165; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $13,270,156$8,810,321
X-4 Accounts receivableStart of year $13,187,692$19,615,716
X-9 Prepaid expenses and deferred chargesStart of year $55,588$69,965
X-10c Land, buildings and equipment, netStart of year $7,032,617$6,867,249
X-11 Publicly traded securitiesStart of year $1,910,319$2,023,549
X-13 Program-related investmentsStart of year $145,000$145,000
X-15 Other assetsStart of year $895,236$943,643
X-16 Total assetsStart of year $38,452,773$40,431,608
X-17 Accounts payable and accrued expensesStart of year $12,230,261$13,934,847
X-19 Deferred revenueStart of year $582,634$659,401
X-25 Other liabilitiesStart of year $779,307$824,773
X-26 Total liabilitiesStart of year $13,592,202$15,419,021
X-27 Net assets without donor restrictionsStart of year $24,744,642$24,893,717
X-28 Net assets with donor restrictionsStart of year $115,929$118,870
X-32 Total net assets or fund balancesStart of year $24,860,571$25,012,587
X-33 Total liabilities and net assetsStart of year $38,452,773$40,431,608
Part XI · Reconciliation of net assets $25,012,587 net assets at year end
XI-1 Total revenue$86,879,694
XI-2 Total expenses$86,672,564
XI-3 Revenue less expenses$207,130
XI-4 Net assets at start of year$24,860,571
XI-5 Net unrealized gains (losses) on investments$56,167
XI-9 Other changes in net assets−$111,281
XI-10 Net assets at end of year$25,012,587

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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