The Prospect-Woodward Home

Organization Overview

The Prospect-Woodward Home is located in Keene, NH. The organization was established in 1944. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect-Woodward Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Prospect-Woodward Home generated $10.3m in total revenue. All expenses for the organization totaled $18.8m during the year ending 12/2021. While expenses have increased by 82.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY FOR INDEPENDENT LIVING, INCLUDING 116 INDEPENDENT LIVING APARTMENTS AND 24 INDEPENDENT LIVING VILLAS.OPERATE AND MAINTAIN A HOME PROVIDING ASSISTED LIVING AND LONG TERM CARE. THIS CONSISTS OF 43 ASSISTED LIVING UNITS, 20 LONG TERM CARE UNITS AND 18 MEMORY CARE UNITS.ON AUGUST 30, 2021, THE PROSPECT-WOODWARD HOME FILED FOR CHAPTER 11 BANKRUPTCY PROTECTION FOLLOWING A PERIOD OF FINANCIAL HARDSHIP. THROUGH THE PROCESS, SUBSTANTIALLY ALL OF THE ASSETS WERE SOLD ON FEBRUARY 15, 2022. A PLAN OF LIQUIDATION WAS APPROVED BY THE BANKRUPTCY COURT AND BECAME EFFECTIVE ON MAY 23, 2022.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Polsinelli Pc
$1,222,334
Onepoint Partners
$902,618
Life Care Services
$611,925
Hinckley Allen & Snyder
$789,101
Silverbloom Consulting Llc
$320,964
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $61,821
Net Rental Income$0
Net Gain on Sale of Assets $69,033
Capital Gain Net Income $69,033
Net ST Capital Gain $1,617
Income Modifications $0
Profit on Inventory Sales $0
Other Income $10,194,611
Total Revenue $10,325,465

Peer Organizations

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