Glenmeadow Inc
- Assets
- $50.9m
- Revenue
- $17.0m
- Investments
- $58.5k
- Employees
- 324
- Location
- Longmeadow, MA
- Founding
- 01/1935
- Data as of
- 09/2022
- EIN
- 04-2105937
Organization Overview
Glenmeadow Inc is located in Longmeadow, MA. The organization was established in 1935. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Glenmeadow Inc employed 324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenmeadow Inc 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 09/2022, Glenmeadow Inc generated $17.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $12.9m during the year ending 09/2022. While expenses have increased by 4.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PREMIER SENIOR SERVICES; NURTURING MIND, BODY AND SPIRIT OF THOSE WE SERVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLENMEADOW PROVIDED HOUSING AND SUPPORTIVE SERVICES TO 186 SENIORS.
GLENMEADOW AT HOME PROVIDED PERSONAL CARE AND OTHER SUPPORTIVE SERVICES TO 96 SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Thomas President/ceo | Officer | 40 | $234,618 |
Anne Westcott VP Of Operations - Thru 10/7/21 | Officer | 40 | $202,615 |
David Leslie VP Of Finance & Operations | Officer | 40 | $167,311 |
Linda Edwards VP Of Marketing | 40 | $135,619 | |
Meaghan Carrier VP Health And Wellness | 40 | $102,717 | |
Michael Tremble Vice Chair - Eff 11/8/21 | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graystone Consulting Investment Fees | 9/29/22 | $111,712 |
Dimella Shaffer Architecture | 9/29/22 | $285,429 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,674,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,918,856 |
| Total Program Service Revenue | $11,312,513 |
| Investment income | $540,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,032 |
| Net Gain/Loss on Asset Sales | $2,178,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,994,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,785 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,863 |
| Compensation of current officers, directors, key employees. | $316,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,209,859 |
| Pension plan accruals and contributions | $94,927 |
| Other employee benefits | $455,593 |
| Payroll taxes | $543,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,225 |
| Fees for services: Accounting | $29,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,632 |
| Fees for services: Other | $107,845 |
| Advertising and promotion | $64,479 |
| Office expenses | $110,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $389,597 |
| Travel | $20,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,637,046 |
| Insurance | $307,423 |
| All other expenses | $444,802 |
| Total functional expenses | $12,948,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,950,019 |
| Savings and temporary cash investments | $639,661 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $569,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $268,938 |
| Net Land, buildings, and equipment | $20,293,005 |
| Investments—publicly traded securities | $19,520,306 |
| Investments—other securities | $58,542 |
| Investments—program-related | $0 |
| Intangible assets | $113,914 |
| Other assets | $4,462,979 |
| Total assets | $50,902,339 |
| Accounts payable and accrued expenses | $768,516 |
| Grants payable | $0 |
| Deferred revenue | $3,296,465 |
| Tax-exempt bond liabilities | $7,880,201 |
| Escrow or custodial account liability | $336,430 |
| 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 | $26,424,710 |
| Total liabilities | $38,706,322 |
| Net assets without donor restrictions | $10,475,075 |
| Net assets with donor restrictions | $1,720,942 |
| 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 | $50,902,339 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Glenmeadow Inc has recieved totaling $11,270.
| Awarding Organization | Amount |
|---|---|
Louis F Keyes Charitable Remainder Trust Ua Fleet National Bank Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $11,270 |
Endowment Analysis
| Beg. Balance | $2,233,598 |
| Earnings | -$420,531 |
| Net Contributions | $108,171 |
| Other Expense | $185,457 |
| Ending Balance | $1,735,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Active Retirement Community Inc South Setauket, NY | $204,676,750 | $34,139,621 |
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Mclean Affiliates Inc Simsbury, CT | $119,028,138 | $28,380,962 |
Israel Senior Citizens Housing Development Fund Corp New York, NY | $56,551,856 | $8,736,330 |
Woodland Pond Inc New Paltz, NY | $75,307,773 | $23,806,053 |
Lasell Village Inc Auburndale, MA | $102,869,314 | $21,782,150 |
Riverwoods Durham Durham, NH | $126,625,985 | $17,724,252 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |