Peterborough Retirement Community At Upland Farm Inc
- Assets
- $100.0m
- Revenue
- $26.3m
- Investments
- $0.0
- Employees
- 400
- Location
- Peterborough, NH
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 02-0446675
Organization Overview
Peterborough Retirement Community At Upland Farm Inc, operating under the name Rivermead, is located in Peterborough, NH. The organization was established in 1993. 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 12/2022, Rivermead employed 400 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rivermead 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 12/2022, Rivermead generated $26.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $26.8m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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
TO PROVIDE EXCELLENT HOUSING AND HEALTH CARE SERVICES TO ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERMEAD HAS INDEPENDENT LIVING, ASSISTED LIVING AND MEMORY SUPPORT RESIDENCES AVAILABLE TO INDIVIDUALS AGED 62 AND OLDER. THESE RESIDENCES ARE AVAILABLE UNDER A LIFECARE CONTRACT, WHICH GUARANTEES RESIDENTS ACCESS TO DINING, HEALTHCARE, PROGRAMMING, AND OTHER SERVICES FOR THE ENTIRETY OF THEIR LIVES. RIVERMEAD HAS NEVER TERMINATED A RESIDENCE AND SERVICES AGREEMENT SOLELY BASED UPON A RESIDENT'S INABILITY TO PAY HIS OR HER MONTHLY FEE IN FULL. IN 2022, RIVERMEAD PROVIDED $85,000 IN CHARITABLE ASSISTANCE TO RESIDENTS.CONTINUED ON SCHEDULE O.RIVERMEAD IS COMMITTED TO PROVIDING QUALITY PROGRAMS, SERVICES, AND AMENITIES TO ENRICH RESIDENTS' LIVES INCLUDING EXCEPTIONAL DINING EXPERIENCES, THERAPY SERVICES, HOME HEALTH SERVICES, HOUSEKEEPING, MAINTENANCE SERVICES, A WELLNESS CENTER, AN INDOOR POOL, TRANSPORTATION, TWO LIBRARIES, A MOVIE THEATER, A WOODWORKING SHOP, A GREEN HOUSE, AN ART GALLERY, WALKING TRAILS, CROQUET COURTS, BOCCE COURTS, AND RAISED GARDEN BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Peters Chair | OfficerTrustee | 1 | $0 |
Joseph Caracappa Vice Chair | OfficerTrustee | 1 | $0 |
Richard Hance Secretary | OfficerTrustee | 1 | $0 |
Robert Edwards Treasurer | OfficerTrustee | 1 | $0 |
Peter W Leberman Secretary (until 6/2022) | OfficerTrustee | 1 | $0 |
George Foote Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Lifestyles Llc Dining Services Management | 12/30/22 | $649,591 |
Sysco Boston Llc Food & Supplies | 12/30/22 | $563,318 |
Network Coverage Network Administration | 12/30/22 | $261,343 |
Precision Temperature Control Inc Hvac | 12/30/22 | $226,817 |
Dairyland Produce Llc Dba Sid Wainer & Food & Supplies | 12/30/22 | $216,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,666 |
| Total Program Service Revenue | $24,947,210 |
| Investment income | $337,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,166 |
| Net Gain/Loss on Asset Sales | $521,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,258,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,425 |
| Grants and other assistance to domestic individuals. | $99,208 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $505,038 |
| Compensation of current officers, directors, key employees. | $505,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,150,256 |
| Pension plan accruals and contributions | $268,164 |
| Other employee benefits | $1,409,025 |
| Payroll taxes | $764,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $302,794 |
| Fees for services: Accounting | $51,655 |
| Fees for services: Lobbying | $500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,229,312 |
| Advertising and promotion | $23,243 |
| Office expenses | $733,616 |
| Information technology | $428,782 |
| Royalties | $0 |
| Occupancy | $2,424,821 |
| Travel | $87,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,558,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,781,582 |
| Insurance | $186,446 |
| All other expenses | $158,930 |
| Total functional expenses | $26,819,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,282 |
| Savings and temporary cash investments | $1,407,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,387 |
| Prepaid expenses and deferred charges | $510,952 |
| Net Land, buildings, and equipment | $78,808,592 |
| Investments—publicly traded securities | $14,376,006 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,567,291 |
| Total assets | $99,988,081 |
| Accounts payable and accrued expenses | $2,204,897 |
| Grants payable | $0 |
| Deferred revenue | $65,271,451 |
| Tax-exempt bond liabilities | $53,200,104 |
| Escrow or custodial account liability | $3,940 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $118,681 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,127 |
| Total liabilities | $120,830,200 |
| Net assets without donor restrictions | -$21,213,346 |
| Net assets with donor restrictions | $371,227 |
| 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 | $99,988,081 |