Mystic Valley Elder Services Inc
97% goes to programs $0 to raise $100 Growing revenue
Mystic Valley Elder Services Inc is a 501(c)(3) organization based in Malden, Massachusetts, registered in 1977, with $121,950,045 in FY2023 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
300 Commercial St Ste 19, Malden, MA, 02148 EIN 04-2562646 Since 1977
Revenue (FY2023)
$122.0M
▲ 20.2% vs prior year
Human Services median: $293K
Expenses (FY2023)
$120.4M
Net assets
$17.6M
Employees
404
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating97% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mystic Valley Elder Services Inc: 97% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mystic Valley Elder Services Inc: 2 mo reserves · +1% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mystic Valley Elder Services Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mystic Valley Elder Services Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Mystic valley elder services is an organization that is set up to assist eligible older residents and adults living with disabilities with a range of services that will enhance their quality of life and allow them to live with dignity and respect.
What they do
State funded home care provides community-based services to low income, frail elders through third-party contracts, including case management. the program provided home care and case management services to 31,842 publicly sponsored clients in fy2024.
The enhanced community options program provides case management and community-based services to elders financially eligible for home care, financially ineligible for medicaid, and in immediate risk of nursing home placement. the program provided services to 8,196 publicly sponsored clients in fy2024.
Other programs provide clinical assessment of elders, supportive senior housing, money management, geriatric mental health services, health insurance information, meals and nutrition services, caregiver support, elder transportation, and long term care options counseling.
Contact & location
- Address
- 300 Commercial St Ste 19, Malden, MA, 02148
- City
- Malden
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Services for Specific Populations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $35.9M (FY2013) to $122.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $28.9MNet assets $17.6M
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$46.6M
Total liabilities
$28.9M
Net assets
$17.6M
Salaries & benefits
$24.1M
20% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $121,950,045▲20.2% | $120,375,135▲17.9% | $17,602,519▲13.4% | $46,550,020▲27.0% | 990 |
| 2022 | $101,453,073▲7.1% | $102,086,441▲11.5% | $15,521,949▼0.4% | $36,654,620▲23.7% | 990 |
| 2021 | $94,729,966▲18.9% | $91,544,231▲16.9% | $15,587,038▲17.9% | $29,641,909▼0.8% | 990 |
| 2020 | $79,691,071▲1.0% | $78,294,870▼0.1% | $13,223,398▲23.8% | $29,895,171▲21.5% | 990 |
| 2019 | $78,921,723▲5.6% | $78,363,380▲4.2% | $10,680,570▲8.1% | $24,598,970▲21.6% | 990 |
| 2018 | $74,715,430▲6.5% | $75,234,146▲7.4% | $9,880,353▼2.7% | $20,235,906▲2.0% | 990 |
| 2017 | $70,140,415▲7.3% | $70,082,964▲6.9% | $10,153,042▲3.5% | $19,835,922▲5.0% | 990 |
| 2016 | $65,390,167▲12.0% | $65,550,091▲15.7% | $9,814,306▲1.7% | $18,890,873▲5.6% | 990 |
| 2015 | $58,405,164▲32.3% | $56,673,248▲36.0% | $9,651,595▲35.4% | $17,881,734▲35.0% | 990 |
| 2014 | $44,142,816▲22.9% | $41,683,165▲17.7% | $7,129,604▲52.7% | $13,246,623▲30.5% | 990 |
| 2013 | $35,921,739 | $35,415,156 | $4,669,953 | $10,149,224 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Lisa Gurgone — $289,842 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lisa Gurgone | Chief Executive Officer | 35 | $289,842 |
| Sean Hubacz | Chief Financial Officer | 35 | $211,345 |
| Joanne Solazzo | Director of Client Services | 35 | $196,613 |
| Brian Mcdonald | Protective Services Manager | 35 | $146,560 |
| Alex Jurkevich | It Manager | 35 | $123,910 |
| Claritza Batista | Human Resources Director | 35 | $122,472 |
| Amy Cataldo | Director of Integrated Care | 35 | $121,413 |
| Jennifer Vanasse | Development Director | 35 | $115,677 |
| Allan I Alpert | Director | 1 | — |
| Brian C Snell | President | 1 | — |
| Carolyn E Lightburn | Director | 1 | — |
| Charles W Randall | Director | 1 | — |
| David Kelley | Director | 1 | — |
| Debra Peczka Digiulio | Director | 1 | — |
| Edward Rocha | Director | 1 | — |
| James E Oosterman | Director | 1 | — |
| Janice Donatelli | Clerk | 1 | — |
| Janice T Houghton | Director | 1 | — |
| Joanne M Puopolo | Director | 1 | — |
| Jon E Norton | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Greater Boston Patient Care | Homemaking/personal Care | $3,030,643 |
| Connected Home Care LLC | Homemaking/personal Care | $2,132,658 |
| Global Healthcare Services | Homemaking/personal Care | $1,972,421 |
| The Scrubbing Board | Laundry Services | $867,593 |
| Natale Company & Safetcare | Adaptive Housing Services | $863,180 |
Grants received · $323K total
23 grants to Mystic Valley Elder Services Inc totaling $323K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $17,375 |
| Winchester Hospital | Care access and/or to address other identified community health needs | 2023 | $10,000 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $9,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $11,775 |
| Winchester Hospital | Care access and/or to address other identified community health needs | 2022 | $10,000 |
| Boston Foundation Inc | Human services | 2021 | $50,000 |
| Winchester Hospital | Community support | 2021 | $10,500 |
| Meals On Wheels America | Project support and other services | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $6,525 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $6,525 |
| Boston Foundation Inc | Operating support/annual fund | 2021 | $4,000 |
| Meals On Wheels America | Project support and other services | 2020 | $26,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $8,600 |
| Winchester Hospital | Community support | 2020 | $7,500 |
| Boston Foundation Inc | Emergency support | 2019 | $29,000 |
Grants made · $224K in FY2023
11 grants totaling $224K in FY2023. All grants made by Mystic Valley Elder Services Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Greater Boston Legal Services Inc | Elder law support | $91,865 |
| Greater Boston Chinese Golden Age Center Inc | Elder advocacy and evidence based programs | $28,989 |
| Massachusetts Alliance of Portuguese Speakers Inc | Outreach and advocay for portugese speakers | $14,844 |
| Greenroots Inc | Assist with elder transportation resources | $14,373 |
| Boys & Girls Club of Stoneham Inc | Elder technology program | $12,578 |
| Chinese Culture Connection Inc | Cultural elder programming | $12,349 |
| Malden YMCA | Elder fitness programs | $12,182 |
| Melrose Council On Aging | Elder support | $11,547 |
| Immigrant Learning Center | Assist with esl classes | $11,250 |
| Candid | Elder legal eviction issues | $8,314 |
| Mgh Health Associates | Caregiver support | $5,369 |
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Frequently asked questions
- Is Mystic Valley Elder Services Inc a legitimate nonprofit?
- Yes. Mystic Valley Elder Services Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2562646, based in Malden, Massachusetts. Donations are tax-deductible.
- What is Mystic Valley Elder Services Inc's EIN?
- Mystic Valley Elder Services Inc's Employer Identification Number (EIN) is 04-2562646.
- How much revenue does Mystic Valley Elder Services Inc report?
- Mystic Valley Elder Services Inc reported $121,950,045 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mystic Valley Elder Services Inc's spending goes to programs?
- Mystic Valley Elder Services Inc spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mystic Valley Elder Services Inc have?
- CharityIndex grades Mystic Valley Elder Services Inc A, based on program efficiency and fundraising cost.
- How much does Mystic Valley Elder Services Inc's highest-paid employee make?
- The highest reported compensation on Mystic Valley Elder Services Inc's latest Form 990 is $289,842, paid to Lisa Gurgone (Chief Executive Officer).
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Data for Mystic Valley Elder Services Inc (EIN 04-2562646) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.