Two North Shore Area Nonprofits Serving Elders Agree to Merge
May 9, 2019 Two nonprofits, Elder Services of the Merrimack Valley, based in Danvers, and North Shore Elder Services, based in Lawrence, both of which have operated for more than 40 years, this week jointly announced they intend to merge on July 1.
Elder Services of the Merrimack Valley (ESMV) will remain the sole entity of the merger agreement. However, services to clients in Danvers, Marblehead, Middleton, Peabody, and Salem will continue under the name, North Shore Elder Services (NSES).
Joan Hatem-Roy, chief executive officer of ESMV, will be the chief executive officer for the combined organization.
Operations will continue to be provided through current locations in Lawrence and Danvers.
The two organizations are among 26 agencies designated by the state to provide services to seniors and their caregivers.
Hatem-Roy, quoted in The Eagle-Tribune, said the merger follows a trend of nonprofits combining forces to create economies of scale: "It's making financial sense for sustainability reasons for some nonprofits to merge with similar organizations. We'll be able to expand our services and create new programming that meets the needs of both areas."
Joseph Berardino, NSES board chair, said, This merger brings together two strong, highly regarded aging service organizations that have each been serving older adults and their families in northeastern Massachusetts for more than four decades.
Hatem-Roy added, This is an important and exciting action for both agencies as well as for the older adults and their families in the 28 community service area. Our combined strengths and resources will create many opportunities
"For all intents and purposes, as far as the public is concerned, it's business as usual. Where it matters most to people is the connection between our staff and their services, and that's not going to change," said Paul Lanzikos, executive director of NSES, The Eagle-Tribune reported.
The combined entity agencies will jointly serve about 12,000 clients monthly, supported by about 500 employees and 350 volunteers, the paper reported.
No layoffs will occur, Lanzikos reportedly said, because the agencies are required by the state to maintain certain staffing ratios.
ESMV was established in 1974, while NSES has been providing services since 1976.
For the year ending June 30, 2017, Elder Services of the Merrimack Valley reported $64.1 million in revenue, of which $270,000 came from contributions and grants, and $62.7 million in expenses, according to its most recently available federal tax filing. It has assets of $10.9 million.
For the year ending June 30, 2017, North Shore Elder Services reported $20.6 million in revenue, of which $16.8 million came from contributions and grants, and $20.7 million in expenses, according to its most recently available federal tax filing. It has assets of $1.5 million.