Eastview At Middlebury
- Assets
- $27.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 128
- Location
- Middlebury, VT
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-3537263
Organization Overview
Eastview At Middlebury is located in Middlebury, VT. The organization was established in 2007. 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 12/2021, Eastview At Middlebury employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastview At Middlebury 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, Eastview At Middlebury generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 1.7% 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
EASTVIEW AT MIDDLEBURY, INC. OPERATES AN ELDERLY HOUSING, RETIREMENT COMMUNITY PROVIDING INDEPENDENT LIVING, RESIDENTIAL CARE, AND MEMORY-IMPAIRED CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EASTVIEW AT MIDDLEBURY IS A NONPROFIT SENIOR LIVING COMMUNITY LOCATED NEAR MIDDLEBURY COLLEGE IN THE HEART OF MIDDLEBURY, VERMONT. EASTVIEW OFFERS 99 HOME CHOICES, INCLUDING INDEPENDENT LIVING (COTTAGES AND APARTMENTS), RESIDENTIAL CARE, AND MEMORY CARE. THE FIRST COTTAGE RESIDENTS MOVED TO EASTVIEW IN THE FALL OF 2011, AND THE ENTIRE COMMUNITY OPENED IN JUNE 2012. EASTVIEW RESIDENTS MAKE GREAT NEIGHBORS - FRIENDLY, VIBRANT, WELCOMING, AND SUPPORTIVE. THE 30 COTTAGES AT EASTVIEW ARE ENERGY EFFICIENT, SINGLE-LEVEL HOMES; MANY HAVE INCREDIBLE VIEWS OF THE GREEN MOUNTAINS. THE TWO-STORY INN HOUSES 32 INDEPENDENT LIVING APARTMENTS, AS WELL AS RESIDENTIAL CARE, MEMORY CARE, AND LOVELY COMMUNITY SPACES THROUGHOUT FOR DINING, ACTIVITIES AND PROGRAMS. EASTVIEW'S RESIDENTIAL CARE PROGRAMS INCLUDE GARDENSONG'S SPECIALIZED MEMORY CARE NEIGHBORHOOD AND MEADOWSWEET'S RESIDENTIAL CARE NEIGHBORHOOD, WHERE RESIDENTS RECEIVE A RANGE OF SERVICES BASED ON THEIR INDIVIDUAL INTERESTS, CAPABILITIES, AND NEEDS. IT IS EASTVIEW'S COMMITMENT TO PROVIDE QUALITY CARE AT FAIR PRICES. THE INDEPENDENT LIVING HOMES AT EASTVIEW ARE SECURED BY COMPLETING AN ENTRY FEE, WHICH VARIES DEPENDING ON THE SIZE AND LOCATION OF THE COTTAGE OR APARTMENT; MOST OF THIS ENTRY FEE IS REFUNDED WHEN THE HOME IS REOCCUPIED. EASTVIEW'S CONTINUUM OF CARE OFFERS FLEXIBILITY AND SECURITY FOR ITS RESIDENTS. SHOULD A RESIDENT NEED GREATER SUPPORT, EVEN IF ONLY FOR A SHORT-TIME, EASTVIEW HAS A VARIETY OF OFFERINGS TO MEET CHANGING NEEDS. EASTVIEW ALSO OFFERS AN INTRIGUING WEEKLY CALENDAR OF EVENTS AND PROGRAMS COORDINATED BY THE TALENTED COMMUNITY LIFE TEAM. EASTVIEW'S LOCATION IS SUPERB, WITH UNIVERSITY OF VERMONT/PORTER MEDICAL CENTER, HELEN PORTER HEALTHCARE AND REHABILITATION CENTER (WITH SKILLED NURSING), MANY PHYSICIAN OFFICES, AND MIDDLEBURY'S EMERGENCY MEDICAL TEAM CONVENIENTLY LOCATED RIGHT NEXT DOOR. MIDDLEBURY COLLEGE IS JUST AROUND THE CORNER AND THE CENTER OF TOWN IS WITHIN A MILE OF EASTVIEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Leach Ceo/president | Officer | 40 | $140,200 |
Edward Dunakin Secretary | Officer | 40 | $57,320 |
Matthew Reed Treasurer | Officer | 40 | $29,950 |
Sarah Peluso Director, Co-Chair | OfficerTrustee | 1 | $0 |
Jason Robart Member, Co-Chair | OfficerTrustee | 1 | $0 |
Deb Wales Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,419 |
| Total Program Service Revenue | $6,625,211 |
| Investment income | $6,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,659,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $227,470 |
| Compensation of current officers, directors, key employees. | $227,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,686,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $392,460 |
| Payroll taxes | $219,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,181 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,704 |
| Office expenses | $20,493 |
| Information technology | $37,855 |
| Royalties | $0 |
| Occupancy | $114,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $502,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $971,697 |
| Insurance | $118,347 |
| All other expenses | $1,283,267 |
| Total functional expenses | $6,631,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,172,614 |
| Savings and temporary cash investments | $3,348,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,988 |
| Prepaid expenses and deferred charges | $102,699 |
| Net Land, buildings, and equipment | $22,131,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $446,289 |
| Total assets | $27,472,460 |
| Accounts payable and accrued expenses | $138,238 |
| Grants payable | $0 |
| Deferred revenue | $20,983,109 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,065,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,186,951 |
| Net assets without donor restrictions | -$5,714,491 |
| Net assets with donor restrictions | $0 |
| 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 | $27,472,460 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eastview At Middlebury has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $500 |
Peer Organizations
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|---|---|---|
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 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |