Carleton Willard Homes Inc
- Assets
- $84.5m
- Revenue
- $38.6m
- Investments
- $159.1k
- Employees
- 395
- Location
- Bedford, MA
- Founding
- 03/1928
- Data as of
- 12/2021
- EIN
- 04-2105844
Organization Overview
Carleton Willard Homes Inc, operating under the name Carleton-Willard Village, is located in Bedford, MA. The organization was established in 1928. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Carleton-Willard Village employed 395 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carleton-Willard Village 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, Carleton-Willard Village generated $38.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $37.8m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARLETON-WILLARD VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY OFFERING A COMPLETE RANGE OF SERVICES FROM RESIDENTIAL LIVING APARTMENTS AND CLUSTER HOMES TO SUPPORTIVE CARE, SKILLED NURSING AND REHABILITATION SERVICES IN A COMMUNITY OF OVER 300 RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES A COMMUNITY WITH 155 INDEPENDENT LIVING UNITS SERVICING APPROXIMATELY 181 INDIVIDUALS. ACCOMMODATIONS INCLUDE DAILY MEALS, WEEKLY HOUSEKEEPING AND LINEN SERVICES, TRANSPORTATION TO MEDICAL APPOINTMENTS, LOCAL SHOPPING AND ONSITE ACTIVITIES, MOST UTILITIES, TRASH REMOVAL AND RECYCLING, PARKING, 24/7 SECURITY, IN-UNIT EMERGENCY MONITORING SYSTEM, FITNESS CENTER, CRAFT STUDIO, WOODWORKING SHOP, COMPUTER CENTER, LIBRARY AND AN EXTENSIVE ACTIVITY PROGRAM. ADDITIONALLY, RESIDENTS HAVE THE CONVENIENCE OF ON-SITE BANKING, AN INDOOR POOL, GENERAL STORE/GIFT SHOP, FLORIST, BEAUTY SALON AND ACCESS TO ORGANIZED ACTIVITIES BEYOND THE COMMUNITY.
OPERATING A 100 BED SKILLED NURSING FACILITY AND A 79 BED REST HOME FOR APPROXIMATELY 141 RESIDENTS. SKILLED NURSING PROVIDES LONG TERM CARE, SHORT TERM STAYS/REHABILITATION AND DEMENTIA/ALZHEIMER CARE IN A DISTINCT, AWARD WINNING UNIT. SUPPORTIVE CARE IS PROVIDED IN THE REST HOME AREA OF THE VILLAGE TO THOSE REQUIRING VARIOUS SUPPORTIVE SERVICES WHILE NOT INFRINGING ON RESIDENT'S CAPABILITIES. BOTH SKILLED NURSING AND SUPPORTIVE CARE SERVICES ARE AVAILABLE TO INDEPENDENT RESIDENTS OF CARLETON-WILLARD AND TO SENIORS FROM SURROUNDING COMMUNITIES.
OPERATES AN ON-SITE OUTPATIENT CLINIC SERVING APPROXIMATELY 215 RESIDENTS FROM CARLETON-WILLARD'S INDEPENDENT AND ASSISTANCE IN LIVING PROGRAMS. COMPREHENSIVE SERVICES AVAILABLE THROUGH THE CLINIC INCLUDE ROUTINE AND URGENT OUTPATIENT CARE, SCHEDULED APPOINTMENTS IN A VARIETY OF SPECIALTIES INCLUDING OPHTHALMOLOGY, PODIATRY, DERMATOLOGY, PSYCHIATRY, AUDIOLOGY AND PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES. STAFFED BY A FULLTIME NURSE PRACTITIONER AND OTHER CLINIC STAFF.
ANNUAL FUNDING TO MEET THE OPERATIONAL NEEDS OF ITS AFFILIATE, CW AT HOME, AN ORGANIZATION PROVIDING SUPPORTIVE SERVICE TO SENIORS LIVING IN SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara A Doyle President & CEO | Officer | 60 | $411,239 |
Janet D Silverman CFO | Officer | 50 | $258,076 |
Gary Sawin Director Of Human Resources | 50 | $205,675 | |
Paul A Lund Dirrector Of Facilities | 50 | $171,856 | |
Susan Cusson Clinic Director | 40 | $168,946 | |
Christine Chambers Nurse Manager | 60 | $155,116 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bedford Research Foundation Lab Services | 12/30/21 | $677,635 |
Phoenix Air Services Hvac Contractors | 12/30/21 | $577,239 |
C E Floyd Building Contractors | 12/30/21 | $1,963,323 |
Healthcare Services Group Inc Housekeeping/laundry | 12/30/21 | $1,186,197 |
Mf Allen Plumbing Plumbing Contractors | 12/30/21 | $838,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,815,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,110,267 |
| Total Program Service Revenue | $32,672,733 |
| Investment income | $383,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $480,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,647,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $187,730 |
| Grants and other assistance to domestic individuals. | $410,574 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $741,798 |
| Compensation of current officers, directors, key employees. | $741,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,961,468 |
| Pension plan accruals and contributions | $495,113 |
| Other employee benefits | $1,966,690 |
| Payroll taxes | $1,108,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,613 |
| Fees for services: Accounting | $111,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,871 |
| Fees for services: Other | $4,865,343 |
| Advertising and promotion | $24,167 |
| Office expenses | $2,446,314 |
| Information technology | $334,076 |
| Royalties | $0 |
| Occupancy | $1,920,723 |
| Travel | $101,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,828 |
| Interest | $526,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,158,933 |
| Insurance | $225,248 |
| All other expenses | $39,093 |
| Total functional expenses | $37,778,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,300 |
| Savings and temporary cash investments | $4,811,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,980,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,693 |
| Prepaid expenses and deferred charges | $763,762 |
| Net Land, buildings, and equipment | $41,886,208 |
| Investments—publicly traded securities | $34,513,238 |
| Investments—other securities | $159,103 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $282,685 |
| Total assets | $84,483,009 |
| Accounts payable and accrued expenses | $4,971,419 |
| Grants payable | $0 |
| Deferred revenue | $36,578,235 |
| Tax-exempt bond liabilities | $15,146,734 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $340,446 |
| Total liabilities | $57,036,834 |
| Net assets without donor restrictions | $23,728,511 |
| Net assets with donor restrictions | $3,717,664 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $84,483,009 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carleton Willard Homes Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Eastman Charitable Foundation Bedford, MA PURPOSE: EXTENSION OF TRANSPORTATION SERVICES TO CITIZENS OF TOWN | $10,000 |
Robert Brigham Trust Boston, MA PURPOSE: GENERAL PURPOSES | $6,000 |
Endowment Analysis
| Beg. Balance | $29,156,460 |
| Earnings | $3,950,628 |
| Net Contributions | $2,252,350 |
| Other Expense | $1,276,598 |
| Ending Balance | $34,082,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Newbridge On The Charles Inc Boston, MA | $302,355,064 | $54,466,975 |
Old Colony Elder Services Inc Brockton, MA | $21,708,151 | $57,499,133 |
Masonicare Health Center Wallingford, CT | $30,328,856 | $51,314,223 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
The Riverwoods Company At Exeter New Hampshire Exeter, NH | $189,550,060 | $45,820,937 |
North Hill Needham Inc Needham, MA | $218,215,357 | $46,801,004 |
Church Home Of Hartford Bloomfield, CT | $129,665,157 | $38,203,395 |
Church Homes Inc Congregational Hartford, CT | $66,814,716 | $47,094,677 |
Carleton Willard Homes Inc Bedford, MA | $84,483,009 | $38,647,048 |
The Gerry Homes Gerry, NY | $84,710,797 | $32,122,668 |