The Riverwoods Company At Exeter New Hampshire

Organization Overview

The Riverwoods Company At Exeter New Hampshire, operating under the name Riverwoods Exeter, is located in Exeter, NH. The organization was established in 1997. 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 06/2024, Riverwoods Exeter employed 689 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverwoods Exeter 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 06/2024, Riverwoods Exeter generated $48.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $53.7m during the year ending 06/2024. While expenses have increased by 4.2% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO ESTABLISH, OWN, AND MAINTAIN CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES FOR THE ELDERLY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RIVERWOODS COMPANY AT EXETER NH (RWE) HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH, MANAGE, AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WHICH PROVIDES HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO OLDER ADULTS OVER AGE 62. ON JUNE 30, 2024, THE COMMUNITY HOUSED APPROXIMATELY 498 RESIDENTS IN INDEPENDENT APARTMENTS AND 107 RESIDENTS IN HEALTH CARE CENTERS. OVER THE COURSE OF THE YEAR THE HEALTH CARE CENTERS SERVED APPROXIMATELY 188 RESIDENTS ON A PERMANENT, TEMPORARY OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. THE "CONTRACTUAL ALLOWANCE" (I.E. WRITE-OFF) RELATED TO THE LEVEL OF CARE PROVIDED FOR LIFECARE CONTRACT RESIDENTS WAS $14,139,557 FOR FY24. CONTINUED ON SCHEDULE O. AS A NOT-FOR-PROFIT CCRC, RWE HAS A BENEVOLENCE FUND TO HELP RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS OR HAVE FOUND THEMSELVES UNABLE TO MAKE THEIR FINANCIAL COMMITMENT, THROUGH NO FAULT OF THEIR OWN. IF NEEDED, A RESIDENT CAN TURN TO THE RIVERWOODS BENEVOLENCE FUND, RATHER THAN PLACING FINANCIAL BURDEN ON SENIOR ASSISTANCE PROGRAMS OUTSIDE THE RIVERWOODS COMMUNITY. IN FY24, RWE PROVIDED FINANCIAL ASSISTANCE TO A TOTAL OF THREE RESIDENTS IN THE AMOUNT OF $156,649.RWE WAS FOUNDED IN 1983 AS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION, BY A GRASSROOTS GROUP OF SEACOAST AREA RESIDENTS WHOSE MISSION WAS TO CREATE AN ACTIVE AND ENGAGING CONTINUING CARE COMMUNITY THAT ENHANCED THE FREEDOM OF SENIOR LIVING WHILE EASING THE CHALLENGES OF AGING. WOVEN INTO THE FABRIC OF OUR FOUNDING PRINCIPLES IS A COMMITMENT TO THE LOCAL COMMUNITY: "TO BE A RESPONSIBLE COMMUNITY THAT PARTICIPATES IN THE LIFE OF THE LARGER COMMUNITY AROUND IT." WE CONSIDER OURSELVES NEIGHBORS OF THE LOCAL COMMUNITY, AND WE ARE DEDICATED TO SERVING THE NEW HAMPSHIRE SEACOAST AREA BOTH WITH OUR TIME, KNOWLEDGE, AND THROUGH OUR RESOURCES. IN FY24, BOTH STAFF AND RESIDENTS FOUND MANY WAYS TO GIVE BACK, SERVE OTHERS, AND SUPPORT THE LOCAL COMMUNITY BY VOLUNTEERING THEIR TIME ON LOCAL NOT-FOR-PROFIT BOARDS, VOLUNTEERING HOURS IN THEIR COMMUNITY, COLLECTING PHYSICAL DONATIONS FOR TOY AND FOOD DRIVES AND MAKING KNITTED ITEMS TO DONATE TO LOCAL ORGANIZATIONS. RWE ENCOURAGES EMPLOYEES TO VOLUNTEER DURING WORK HOURS FOR SPECIAL NOT-FOR-PROFIT PROJECTS. PART OF OUR MISSION IS NOT ONLY TO HELP IMPROVE THE EXPERIENCE OF AGING FOR AS MANY ADULTS AS POSSIBLE, BUT ALSO TO SHARE THAT KNOWLEDGE WITH OTHERS, ESPECIALLY THE YOUNGER GENERATION. EMPLOYEES REGULARLY SHARE THEIR KNOWLEDGE BY INVITING STUDENTS INTO THE RWE COMMUNITY WHO CAN LEARN FROM THE VAST KNOWLEDGE AND EXPERIENCE OF THE STAFF. OVER THE YEARS WE HAVE HOSTED STUDENTS FROM A VARIETY OF SCHOOLS AND PROVIDED INTERNSHIPS IN A VARIETY OF COURSEWORK, FROM MARKETING TO FINANCE TO SOCIAL WORK AND HEALTH CARE. SINCE RIVERWOODS OPENED ITS DOORS IN 1994, A KEY OBJECTIVE HAS NOT ONLY BEEN TO SHARE OUR EXPERIENCES WITH OTHERS, BUT TO LEARN FROM OTHERS IN THE INDUSTRY AT THE SAME TIME. IN THIS WAY WE CONTINUE TO INNOVATE, TO REMAIN AT THE FOREFRONT OF NEW TRENDS IN OUR INDUSTRY, AND TO RESPOND TO CHANGING CONSUMER PREFERENCES, WHILE ALSO ADVANCING THE SENIOR LIVING INDUSTRY AS A WHOLE. OUR LEADERS REGULARLY ATTEND INDUSTRY SEMINARS, PARTICIPATE IN STUDY GROUPS, AND PRESENT ON NATIONAL AND INTERNALTIONAL PANELS WITHIN OUR INDUSTRY, AS WELL AS DRAFT ARTICLES FOR LEADING PUBLICATIONS. RWE IS A STRONG COMMUNITY PARTNER AND IN ADDITION TO RESIDENT AND STAFF TIME SPENT VOLUNTEERING, RWE HAS HELPED A NUMBER OF COMMUNITY-WIDE EVENTS AND ORGANIZATIONS WITH FINANCIAL SUPPORT. RWE HAS ALSO PROVIDED SMALL HONORARIUMS/DONATIONS TO A NUMBER OF GROUPS WHO HAVE PROVIDED SPEAKERS FOR OUR ON-CAMPUS EDUCATION PROGRAMS.EDUCATION IS A VALUE HIGHLY PRIZED BY RWE RESIDENTS. EIGHTEEN YEARS AGO, RESIDENTS ESTABLISHED SCHOLARSHIP FUNDS FOR STAFF AND THEIR FAMILIES. SINCE THEN, 187 SCHOLARSHIPS HAVE BEEN DISTRIBUTED, WORTH MORE THAN $497,500 TOWARD GOALS OF HIGHER EDUCATION. IN FY24, $73,500 WAS AWARDED TO 17 RECIPIENTS.IN JULY OF 2016, A GROUP OF RWE EMPLOYEES CREATED THE C.A.R.E. (CARING, AIDING AND RESPONDING TO EMPLOYEES) FUND TO ASSIST EMPLOYEES OF RWE WHO DEMONSTRATE A FINANCIAL EMERGENCY BEYOND THEIR CONTROL AND PROVIDE THEM WITH LIMITED ASSISTANCE. THIS FUND CONTINUES TO BE AVAILABLE TO EMPLOYEES WHO DEMONSTRATE A NEED FOR LIMITED EMERGENCY FINANCIAL ASSISTANCE.RIVERWOODS IS LOCATED IN A BEAUTIFUL RURAL AREA. THE RIVERWOODS LANDSCAPING TEAM, WITH THE HELP OF THE RESIDENT TRAILS COMMITTEE, MAINTAINS OVER FOUR MILES OF WALKING AND HIKING TRAILS THAT CIRCUMNAVIGATE OUR THREE RWE CAMPUSES. THESE TRAILS ARE ENJOYED BY RWE RESIDENTS AND STAFF ON A DAILY BASIS BUT ARE ALSO OPEN AND WIDELY USED BY THE LOCAL EXETER AREA COMMUNITY. THE TRAIL SYSTEM ALSO PROVIDES ACCESS TO A LARGE PORTION OF THE 165-ACRE RWE ARBORETUM. THIS PROJECT STARTED 17 YEARS AGO WHEN A SMALL GROUP OF RESIDENTS BEGAN PLANING A WIDE VARIETY OF TREES. TODAY IT INCLUDES AT LEAST 298 SPECIES OF TREES AND HAS ACHIEVED LEVEL I ARBORETUM ACCREDIATION FROM ARBNET, A CONSORTIUM OF ARBORETA AND TREE-FOCUSED PUBLIC GARDENS THROUGHOUT THE WORLD.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Krafton Plumbing And Heating
Plumbing Services
$316,965
Morris Pigeon
Construction Services
$1,240,391
The Riverwoods Group
Management, Finance, Admin & It Services
$3,683,284
Select Rehabilitation Llc
Physical Therapy
$191,613
Gdc New Hampshire Llc
Capital Project Planning And Management
$132,083
View All Vendors

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$570,580
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$570,580
Total Program Service Revenue$44,676,586
Investment income $2,207,914
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $52,501
Net Gain/Loss on Asset Sales $1,119,973
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $48,627,698

Peer Organizations

Organization NameAssets
Newbridge On The Charles Inc
Boston, MA
$51,446,450
Old Colony Elder Services Inc
Brockton, MA
$56,280,161
The Riverwoods Company At Exeter New Hampshire
Exeter, NH
$48,627,698
North Hill Needham Inc
Needham, MA
$47,522,022
Carleton Willard Homes Inc
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$37,934,919
Wake Robin Corp
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$35,393,811
Symmes Life Care Inc
Lexington, MA
$33,832,028
United Church Of Christ Retirement Community Inc
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$28,664,153
Edgewood Retirement Community Inc
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$28,502,846
Peterborough Retirement Community At Upland Farm Inc
Peterborough, NH
$26,258,279
Orchard Cove Inc
Canton, MA
$25,002,883
Salem Community Corp
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Birch Hill Terrace
Manchester, NH
$17,186,796
Loomis Housing Corporation
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$19,770,909
Berkshire Retirement Community Inc
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$15,849,506
Ascentria Care Alliance Inc
Brighton, MA
$15,992,663
Elizabeth Seton Residence Inc
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$13,243,201
Stone Institute And Newton Home For Aged People
Newton, MA
$11,067,957
Alternative Services Northeast Inc
Lewiston, ME
$12,983,422
Senior Living Of Bedford
Bedford, NH
$11,760,691
New Hampshire Odd Fellows Home
Concord, NH
$10,593,312
Alice Peck Day Lifecare Center Inc
Lebanon, NH
$10,507,121
Home For Aged Women Inc
Brookline, MA
$12,609,010
Home For The Aged
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$8,364,698
Chestnut Hill Benevolent Assoc
Chestnut Hill, MA
$9,151,458

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