Riverwoods Durham
- Assets
- $126.6m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 306
- Location
- Durham, NH
- Founding
- 07/2017
- Data as of
- 06/2022
- EIN
- 82-0719418
Organization Overview
Riverwoods Durham is located in Durham, NH. The organization was established in 2017. 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 06/2022, Riverwoods Durham employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverwoods Durham is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, OWN, AND MAINTAIN A CHARITABLE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CCRC: THE CAMPUS CONSISTS OF 150 INDEPENDENT LIVING APARTMENTS, 24 ASSISTED LIVING SUITES, 36 MEMORY SUPPORT UNITS, AND 12 ENHANCED ASSISTED LIVING (NURSING) UNITS IN AN APPROXIMATELY 310,000 SQUARE FOOT BUILDING ON APPROXIMATELY 11 ACRES OF LAND IN DURHAM, NEW HAMPSHIRE. OVER THE COURSE OF THE YEAR THE HEALTH CARE CENTER SERVED APPROXIMATELY 75 RESIDENTS ON A PERMANENT, TEMPORARY, OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. THE "CONTRACTUAL ALLOWANCE" (I.E. WRITE-OFF) RELATED TO THE CARE PROVIDED FOR LIFECARE RESIDENTS WAS IN EXCESS OF $1,938,258 FOR THE FISCAL YEAR ENDED JUNE 30, 2022 (FY22). CONTINUED ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim O'keefe Gaskell Executive Director | Officer | 40 | $175,274 |
Glenn Morash Director Of Dining Services | 40 | $124,448 | |
Carolyn Watkins O'driscoll Director Of Nursing | 40 | $123,634 | |
Denise Brady Nurse Practitioner | 40 | $112,900 | |
Dave Brownell Chair | OfficerTrustee | 0.6 | $0 |
Mike Hickey Treasurer | OfficerTrustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Severino Trucking Co Inc Contractor Services | 6/29/22 | $252,240 |
Site Structures Landscape Inc Landscape Services | 6/29/22 | $103,573 |
The Riverwoods Group Management And It Services | 6/29/22 | $1,684,668 |
Greystone Development Company Ii Llc Construction Management Services | 6/29/22 | $596,415 |
Brown & Company Advertising Services | 6/29/22 | $146,773 |
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 | $225,196 |
| Noncash contributions included in lines 1a–1f | $70,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,196 |
| Total Program Service Revenue | $16,740,067 |
| Investment income | $425,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,839 |
| Net Gain/Loss on Asset Sales | $341,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,724,252 |
| 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. | $185,633 |
| Compensation of current officers, directors, key employees. | $185,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,123,535 |
| Pension plan accruals and contributions | $59,677 |
| Other employee benefits | $892,957 |
| Payroll taxes | $701,640 |
| Fees for services: Management | $785,148 |
| Fees for services: Legal | $45,529 |
| Fees for services: Accounting | $28,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,899 |
| Fees for services: Other | $811,754 |
| Advertising and promotion | $342,829 |
| Office expenses | $1,207,524 |
| Information technology | $674,940 |
| Royalties | $0 |
| Occupancy | $1,553,259 |
| Travel | $10,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,476,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,987,931 |
| Insurance | $154,380 |
| All other expenses | $41,652 |
| Total functional expenses | $20,887,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,622,442 |
| Savings and temporary cash investments | $7,897,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,237 |
| Prepaid expenses and deferred charges | $124,434 |
| Net Land, buildings, and equipment | $94,246,057 |
| Investments—publicly traded securities | $21,460,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,048,835 |
| Total assets | $126,625,985 |
| Accounts payable and accrued expenses | $1,253,683 |
| Grants payable | $0 |
| Deferred revenue | $11,226,770 |
| Tax-exempt bond liabilities | $52,980,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,767,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,575,392 |
| Total liabilities | $148,802,845 |
| Net assets without donor restrictions | -$22,314,257 |
| Net assets with donor restrictions | $137,397 |
| 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 | $126,625,985 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Riverwoods Durham has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Aetna Foundation Inc Hartford, CT PURPOSE: GENERAL PURPOSE | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Maine Life Care Retirement Community Inc Scarborough, ME | $140,484,243 | $23,531,278 |
Lasell Village Inc Auburndale, MA | $102,869,314 | $21,782,150 |
Riverwoods Durham Durham, NH | $126,625,985 | $17,724,252 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |
Cathedral Square Corporation South Burlington, VT | $25,788,244 | $15,524,775 |
Glenmeadow Inc Longmeadow, MA | $50,902,339 | $16,994,268 |
Alliance Health Of Southeastern Massachusetts Inc Southborough, MA | $17,238,136 | $13,319,734 |