Serenity Care INC

Tax-deductible

Andover, MA501(c)(3)Since 2006Human ServicesEIN 68-0620485

Providing adult day care services and programs of all-inclusive care for the elderly (pace) services to elders in the springfield massachusetts community. Services include entertainment activities and stimulation, transportation to and from the facility, as well as to and from medical appointments, and the provision of two hot meals and one snack per day. The organization also provides care and services to meet patients healthcare needs to program of all-inclusive care for the elderly (pace) eligible participants.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$1.5M 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Worth a look: 2 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
93%
of spending
Looks good: 93% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$1.5M
to officers and key staff · 2% of spending
Looks good: leaders' pay is 2% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
<1 mo
of spending, in cash
Concern: 0.9 months of spending in cash; under 1 is a concern.
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$10.1M
liabilities
Worth a look: debts are 68% of assets; over 50% is worth a look.
Pt X · Ln 26
Who oversees it?
9
independent of 11 voting board members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$59.0M
+23% vs prior year
Spent
$58.7M
To programs
93%
Net assets
$4.7M
By yearFY2020–FY2024
Revenue
$59.0M
FY2024▲ +23%
Revenue by fiscal year
FY2020$38.2M
FY2021$39.5M
FY2022$43.9M
FY2023$44.2M
FY2024$47.9M
FY2024$59.0M
Expenses
$58.7M
FY2024▲ +13%
Expenses by fiscal year
FY2020$36.6M
FY2021$38.0M
FY2022$42.8M
FY2023$44.5M
FY2024$51.9M
FY2024$58.7M
Net assets
$4.7M
FY2024▲ +2%
Net assets by fiscal year
FY2020$6.2M
FY2021$7.7M
FY2022$8.7M
FY2023$8.5M
FY2024$4.6M
FY2024$4.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSerenity Care INC
EINHdr · item D68-0620485
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2007
Year of formationHdr · item L2006
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAndover, MA
NTEE classificationIRS BMFHuman Services (P81)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$54.7M
Management & general7%$4.0M
Total functional expensesLn 25$58.7M

Financial health

Is it on solid ground?

Program efficiency
93%
of spending reaches programs▲ +0.8% vs prior filing year
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
+0.4%
revenue over expenses, this year▲ +105% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$14.8M
FY2024▲ +7%
Total assets by fiscal year
FY2020$11.4M
FY2021$11.8M
FY2022$16.2M
FY2023$15.8M
FY2024$13.8M
FY2024$14.8M
Total liabilities
$10.1M
FY2024▲ +10%
Total liabilities by fiscal year
FY2020$5.2M
FY2021$4.0M
FY2022$7.5M
FY2023$7.3M
FY2024$9.2M
FY2024$10.1M
Revenue less expensesPt I · Ln 19$225K
Total assetsPt X · Ln 16$14.8M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$4.4M
Total assetsLn 16$14.8M
Total liabilitiesLn 26$10.1M
Total net assetsLn 32$4.7M
Months of cash on handcomputed0.9

Statement of Revenue

Part VIII
Program service revenue$57.0M · 97%
Contributions & grants$1.5M · 3%
Investment income$465K · 1%
Program service revenue97%$57.0M
Contributions & grants3%$1.5M
Investment income1%$465K
— government grantsLn 1e$1.5M
Total revenueLn 12$59.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.0M · Operating expenses/yr $58.7M
2.2 months
Where the money goes
Program services
Program services $54.7M · Total expenses $58.7M
93%
Management & General
Management & general $4.0M · Total expenses $58.7M
7%
Fundraising
Fundraising $0 · Total expenses $58.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $59.0M
3%
Government reliance
Government grants $1.5M · Total revenue $59.0M
3%
Earned-income share
Program service revenue $57.0M · Total revenue $59.0M
97%
Investment reliance
Investment income $465K · Total revenue $59.0M
+0.8%
Program self-sufficiency
Program service revenue $57.0M · Total expenses $58.7M
97%
Growth & trend
Revenue growth (YoY)
This year $59.0M · Prior year $47.9M
+23%
Revenue CAGR
FY2019 $38.2M · FY2024 $59.0M
+9%
Net-asset trend (YoY)
End of year $4.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $59.0M · Expenses $58.7M
+0.4%
Liabilities-to-Assets
Total liabilities — · Total assets $14.8M
—
Net-asset ratio
Net assets $4.7M · Total assets $14.8M
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14.8M
45%
People & payroll
Highest Reported Total Compensation
Individual Rimma Zelfand · Reported title DIRECTOR SERENITY CARE PAC · Highest reported compensation $257K · Total expenses $58.7M
0.4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.6M · Total expenses $58.7M
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 7%——
Revenue growth 23%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director Serenity Care Pac
$256,693Pt VII · Sec A
Pace Deputy Director
$216,346Pt VII · Sec A
Compliance Offficer
$206,305Pt VII · Sec A
Pace Deputy Director
$200,000Pt VII · Sec A
President, Treasurer, Cler
$200,000Pt VII · Sec A
Director of Contracts & St
$193,000Pt VII · Sec A
Medical Director
$186,800Pt VII · Sec A
$0Pt VII · Sec A

Rimma Zelfand’s $257K as Director Serenity Care Pac is at the 65th percentile of top reported officer pay among 3122 $10–100M 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
Rimma Zelfand$256,693$258,183$260,148$260,113$260,148$215,409
Candace Kuebel$216,346—————
Andrew Steiner$193,000$213,962$204,539———
Margarita Blanter RN Ms$200,000$200,000$207,692$207,692$207,692$200,000
Margarita Norton Moroz$200,000$200,000$207,692$207,692$207,692$180,000
Daniella Bessarabova$206,305$191,378$176,420———
Alexandre Alexeyenko$186,800$126,000————
Olga Demchuk—$170,000$170,000$180,615$157,102$142,331

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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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Offers adult day care and comprehensive care programs for seniors.

Provided by the organization

This section is blank until Serenity Care INC claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $54.7M of program spending, described in the organization's own filed words · FY2024.
01

Provide care and services to program of all-inclusive care for the elderly (pace) participants in the home, the surrounding community and the adh center with focus on the individual participant's healthcare needs.

$53.8Mprogram expense
02

Provide adult day care services to eligible elders in a facility certified by the massachusetts department of public health in springfield, massachusetts. Services include entertainment activities and stimulation, transportation to and from the facility as well as to and from medical appointments, and the provision of two hot meals and…

$943Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $47.9M$51.9M+8% 990 PDF
FY2023 $44.2M$44.5M+0.9% 990 PDF
FY2022 $43.9M$42.8M+11% 990 PDF
FY2021 $39.5M$38.0M+4% 990 PDF
FY2020 $38.2M$36.6M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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