Nonprofit · EIN 23-7090088
PENACOOK PLACE INC
Tax-exempt · HAVERHILL, MA 01830
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,622,540 | $15,669,818 | -$3,047,278 | $4,212,004 | $12,727,770 | -$8,515,766 |
| December 31, 2023 | 990 | $14,551,147 | $18,127,470 | -$3,576,323 | $4,628,196 | $10,096,684 | -$5,468,488 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,515
- Program service revenue
- $12,619,907
- Investment income
- $118
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $233,332
- Other salaries and wages
- $7,397,591
- Salaries, compensation and benefits (total)
- $9,642,198
- Professional fundraising fees
- $0
- Legal fees
- $32,411
- Accounting fees
- $16,500
- Occupancy
- $394,887
- Travel
- $540
- Depreciation
- $280,207
- Program services (functional)
- $14,757,245
- Management and general (functional)
- $912,573
Balance sheet and other
- Total assets, start of year
- $4,628,196
- Total assets, end of year
- $4,212,004
- Total liabilities, end of year
- $12,727,770
- Net assets, end of year
- -$8,515,766
- Land, buildings and equipment
- $1,794,800
- Net assets without donor restrictions
- -$8,524,327
- Net assets with donor restrictions
- $8,561
- Gross receipts
- $12,622,540
- Employees
- 261
- Volunteers
- 7
- Year formed
- 1969
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kenny Senfuma LPN | Licensed Practical Nurse Highest-paid employee | 40 | $177,178 | $13,468 |
| Devon Cormier | President Officer | 42 | $139,654 | $20,651 |
| Vanessa Anne Bretton | Director of Nursing Highest-paid employee | 40 | $115,528 | $42,609 |
| Nicole Danielle Beane LPN | Nurse Manager Highest-paid employee | 40 | $117,204 | $20,680 |
| Synodia Bote LPN | Licensed Practical Nurse Highest-paid employee | 40 | $111,050 | $25,549 |
| Gale L Staples | LPN Highest-paid employee | 40 | $105,398 | $29,077 |
| Judithann Riopelle | Board Secretary; Chaplain Officer | 42 | $71,740 | $1,287 |
| Janis Cordischi | Member Trustee or director | 2 | $0 | $0 |
| Rev John Delaney | Member Trustee or director | 2 | $0 | $0 |
| Caitlin Masys | Member Trustee or director | 2 | $0 | $0 |
| John Sarro | Member Trustee or director | 2 | $0 | $0 |
| Gregory Shaw | Member Trustee or director | 2 | $0 | $0 |
| Thomas L Mortimer | Chair Trustee or director, Officer | 2 | $0 | $0 |
| William Klueber | Treasurer (end 6/2024) Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kenny Senfuma LPN | Licensed Practical Nurse Highest-paid employee | 40 | $182,122 | $11,832 |
| Ashley Thomas LPN | Licensed Practical Nurse Highest-paid employee | 40 | $132,119 | $16,262 |
| Nicole Danielle Beane LPN | Nurse Manager Highest-paid employee | 40 | $122,795 | $19,266 |
| Vanessa Anne Bretton | Director of Nursing Highest-paid employee | 40 | $119,394 | $17,996 |
| Johnnie S Zuniga CAN | Certified Nurse Assistant Highest-paid employee | 40 | $119,153 | $3,988 |
| Michael Bell | President (end 4/2023) Officer | 42 | $67,613 | $1,397 |
| Devon Cormier | President Officer | 42 | $60,735 | $8,238 |
| Judithann Riopelle | Board Secretary; Chaplain Officer | 42 | $64,725 | $1,287 |
| Janis Cordischi | Member Trustee or director | 2 | $0 | $0 |
| Rev John Delaney | Member Trustee or director | 2 | $0 | $0 |
| Caitlin Masys | Member Trustee or director | 2 | $0 | $0 |
| John Sarro | Member Trustee or director | 2 | $0 | $0 |
| Gregory Shaw | Member Trustee or director | 2 | $0 | $0 |
| Thomas L Mortimer | Chair Trustee or director, Officer | 2 | $0 | $0 |
| William Klueber | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 WATER ST, HAVERHILL, MA 01830-6213
- In care of
- % BETTY STANDING
- Principal officer (990 for 2024)
- Devon Cormier, 150 Water Street, Haverhill, MA 01830
- Signed the 990
- Devon Cormier, President & CEO
- Phone
- (978) 374-0707
- Website
- www.penacookplace.org
- Return prepared by
- Baker Newman & Noyes
Mission
To promote the highest possible quality of life for our residents in a clean, safe, and attractive environment. To care for our residents as we would want to be cared for - the Golden Rule of Penacook Place. To meet or exceed the expectations of our residents, as well as others with whom we come in contact. To show hospitality, courtesy, cooperation, and respect to all residents, family members, fellow employees, volunteers, and visitors.
Program accomplishments
- Penacook Place is an independent, non-profit, 160 bed nursing home and rehabilitation facility located in Haverhill, MA that strives to offer the finest care and best quality of life for its residents. The facility's team of professionals is specially trained to meet the medical, social, psychological, and therapeutic needs of those they serve. Their dedicated caregivers are highly trained and compassionate, and help make Penacook Place a warm and welcoming facility.Expenses $14,757,245 · revenue $12,619,907
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7090088
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E910)
- Assets (IRS master file)
- $4,212,004
- Income (IRS master file)
- $12,622,540
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,622,540 | $15,669,818 | $4,212,004 | XML |
| 990 | December 2023 | $14,551,147 | $18,127,470 | $4,628,196 | XML |
| 990 | December 2022 | $14,137,827 | $18,009,714 | $4,917,415 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7090088).
Questions about PENACOOK PLACE INC
- What is the EIN of PENACOOK PLACE INC?
- The employer identification number (EIN) of PENACOOK PLACE INC is 23-7090088.
- Is PENACOOK PLACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to PENACOOK PLACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENACOOK PLACE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PENACOOK PLACE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENACOOK PLACE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PENACOOK PLACE INC?
- The 990 for the year ended December 31, 2024 names Devon Cormier.
- Who are the officers and directors of PENACOOK PLACE INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 7 received compensation from the organization, the highest $177,178 (Kenny Senfuma LPN, Licensed Practical Nurse).
- How much revenue does PENACOOK PLACE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,622,540, expenses of $15,669,818 and total assets of $4,212,004 at year end.
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