SHERRILL HOUSE INC
Mission Statement
Sherrill House is dedicated to providing high-quality medical, nursing and rehabilitation services to those in need. Founded in 1907, Sherrill House is an independent, not-for-profit 196-licensed bed skilled nursing and rehabilitation facility located at 135 South Huntington Avenue in Jamaica Plain. Sherrill House cares for people who are rehabilitating from complex injuries or surgery, experiencing Alzheimer’s or other forms of dementia, or are no longer able to live independently for other reasons. Sherrill House serves approximately 175 long-term care patients and 850 short-term rehabilitation patients each year. Though relatively modest in size, Sherrill House performs an important role in Boston and beyond by demonstrating a standard of excellence in the care of frail elders, and by preparing professionals for leadership in the field of elder care. Recognized by US News and World Report as one of the nation’s leading skilled nursing facilities and rehabilitation programs, Sherrill House specializes in the care of extremely vulnerable elders. Now in its 33rd year, the special care program provides the largest, most sophisticated programs in the region for patients with Alzheimer’s disease and other forms of dementia. Additionally, the Sherrill House rehabilitation program has become the go-to center for individuals who must regain function after complex orthopedic procedures, stroke, cardiac illness or other serious health crises. Beyond sophisticated physical care, Sherrill House has in-depth programming to provide elders with guidance, emotional support, regular social interaction and daily opportunities to express spirituality and creativity.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.7% | 84.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.1% | 14.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
519.8% | 270.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.5 mo | 6.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
45.5% | 35.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
90.3% | 92.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
5.8% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.5% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.2% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $29.3M | $29.0M | $13.3M | 79.7% | 264 |
| 2023 | $27.7M | $28.5M | $12.8M | 80.5% | 285 |
| 2022 | $26.8M | $27.6M | $13.6M | 75.9% | 314 |
| 2021 | $21.4M | $24.5M | N/A | — | 295 |
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