Newbridge On The Charles Inc
- Assets
- $302.4m
- Revenue
- $54.5m
- Investments
- $0.0
- Employees
- 426
- Location
- Boston, MA
- Founding
- 07/2005
- Data as of
- 09/2021
- EIN
- 38-3707573
Organization Overview
Newbridge On The Charles Inc is located in Boston, MA. The organization was established in 2005. 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 09/2021, Newbridge On The Charles Inc employed 426 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newbridge On The Charles 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 09/2021, Newbridge On The Charles Inc generated $54.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $65.9m during the year ending 09/2021. While expenses have increased by 0.8% per year over the past 6 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
TO OPERATE A CONTINUING CARE RETIREMENT LIVING THAT CAN ENRICH AND ENHANCE THEIR LIVES, COMBINED WITH SAFETY AND HEALTHCARE OPTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew W Hollingshead Exe. Dir. Assisted Living Nboc | Officer | 50 | $226,929 |
Stephen Colwell Executive Director | Officer | 50 | $218,080 |
Fernando A Rodrigues Director Of Facilities | 50 | $125,257 | |
Gary J Tsacoyianis Chief Facilities Engineer | 50 | $111,603 | |
Judith Ehrlich Chaplain | 50 | $103,698 | |
Joshua L Ferraro Director Of Food And Beverage | 50 | $102,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,237,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,237,653 |
| Total Program Service Revenue | $49,434,998 |
| Investment income | $3,579,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $214,374 |
| 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 | $54,466,975 |
| 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. | $445,008 |
| Compensation of current officers, directors, key employees. | $445,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,578,310 |
| Pension plan accruals and contributions | $246,043 |
| Other employee benefits | $6,582,130 |
| Payroll taxes | $1,556,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,254 |
| Fees for services: Accounting | $56,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,264,407 |
| Advertising and promotion | $176,738 |
| Office expenses | $477,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,388,203 |
| Travel | $194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,625 |
| Interest | $10,800,859 |
| Payments to affiliates | $1,534,768 |
| Depreciation, depletion, and amortization | $17,097,026 |
| Insurance | $749,271 |
| All other expenses | $0 |
| Total functional expenses | $65,891,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,105,260 |
| Savings and temporary cash investments | $55,148,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,183,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $749,458 |
| Inventories for sale or use | $86,160 |
| Prepaid expenses and deferred charges | $47,890 |
| Net Land, buildings, and equipment | $217,667,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,367,356 |
| Total assets | $302,355,064 |
| Accounts payable and accrued expenses | $50,075,396 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $235,720,598 |
| Escrow or custodial account liability | $788,405 |
| 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 | $201,883,036 |
| Total liabilities | $488,467,435 |
| Net assets without donor restrictions | -$186,212,641 |
| Net assets with donor restrictions | $100,270 |
| 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 | $302,355,064 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newbridge On The Charles Inc has recieved totaling $15,350.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $15,350 |
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 |