Carleton Willard Homes Inc
- Assets
- $79.6m
- Revenue
- $37.9m
- Investments
- $129.4k
- Employees
- 400
- Location
- Bedford, MA
- Founding
- 03/1928
- Data as of
- 12/2022
- EIN
- 04-2105844
Organization Overview
Carleton Willard Homes Inc, operating under the name Carleton-Willard Village, is located in Bedford, MA. The organization was established in 1928. 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, Carleton-Willard Village employed 400 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carleton-Willard Village 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, Carleton-Willard Village generated $37.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $40.5m during the year ending 12/2022. While expenses have increased by 3.6% 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
CARLETON-WILLARD VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY OFFERING A COMPLETE RANGE OF SERVICES FROM RESIDENTIAL LIVING APARTMENTS AND CLUSTER HOMES TO SUPPORTIVE CARE, SKILLED NURSING AND REHABILITATION SERVICES IN A COMMUNITY OF OVER 300 RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A 100 BED SKILLED NURSING FACILITY AND A 79 BED REST HOME FOR APPROXIMATELY 141 RESIDENTS. SKILLED NURSING PROVIDES LONG TERM CARE, SHORT TERM STAYS/REHABILITATION AND DEMENTIA/ALZHEIMER CARE IN A DISTINCT, AWARD WINNING UNIT. SUPPORTIVE CARE IS PROVIDED IN THE REST HOME AREA OF THE VILLAGE TO THOSE REQUIRING VARIOUS SUPPORTIVE SERVICES WHILE NOT INFRINGING ON RESIDENT'S CAPABILITIES. BOTH SKILLED NURSING AND SUPPORTIVE CARE SERVICES ARE AVAILABLE TO INDEPENDENT RESIDENTS OF CARLETON-WILLARD AND TO SENIORS FROM SURROUNDING COMMUNITIES.
ANNUAL FUNDING TO MEET THE OPERATIONAL NEEDS OF ITS AFFILIATE, CW AT HOME, AN ORGANIZATION PROVIDING SUPPORTIVE SERVICE TO SENIORS LIVING IN SURROUNDING COMMUNITIES.
OPERATES A COMMUNITY WITH 155 INDEPENDENT LIVING UNITS SERVICING APPROXIMATELY 181 INDIVIDUALS. ACCOMMODATIONS INCLUDE DAILY MEALS, WEEKLY HOUSEKEEPING AND LINEN SERVICES, TRANSPORTATION TO MEDICAL APPOINTMENTS, LOCAL SHOPPING AND ONSITE ACTIVITIES, MOST UTILITIES, TRASH REMOVAL AND RECYCLING, PARKING, 24/7 SECURITY, IN-UNIT EMERGENCY MONITORING SYSTEM, FITNESS CENTER, CRAFT STUDIO, WOODWORKING SHOP, COMPUTER CENTER, LIBRARY AND AN EXTENSIVE ACTIVITY PROGRAM. ADDITIONALLY, RESIDENTS HAVE THE CONVENIENCE OF ON-SITE BANKING, AN INDOOR POOL, GENERAL STORE/GIFT SHOP, FLORIST, BEAUTY SALON AND ACCESS TO ORGANIZED ACTIVITIES BEYOND THE COMMUNITY.
OPERATES AN ON-SITE OUTPATIENT CLINIC SERVING APPROXIMATELY 215 RESIDENTS FROM CARLETON WILLARD'S INDEPENDENT AND ASSISTANCE IN LIVING PROGRAMS. COMPREHENSIVE SERVICES AVAILABLE THROUGH THE CLINIC INCLUDE ROUTINE AND URGENT OUTPATIENT CARE, SCHEDULED APPOINTMENTS IN A VARIETY OF SPECIALTIES INCLUDING OPHTHALMOLOGY, PODIATRY, DERMATOLOGY, PSYCHIATRY, AUDIOLOGY AND PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES. STAFFED BY A FULLTIME NURSE PRACTITIONER AND OTHER CLINIC STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Anderson Trustee | Trustee | 0.9 | $0 |
Malcom Creighton Trustee | Trustee | 0.9 | $0 |
Therese Cunningham Trustee | Trustee | 0.9 | $0 |
William W Gallagher III Trustee | Trustee | 0.9 | $0 |
John Glaser Trustee | Trustee | 0.9 | $0 |
Paul Harrison Jr Trustee | Trustee | 0.9 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norton And Associates Inc Therapy- Rehab Services | 12/30/22 | $468,864 |
Healthcare Services Group Inc Housekeeping & Laundry | 12/30/22 | $1,437,965 |
Mf Allen Plumbing Pluming & Construction Renovation Servic | 12/30/22 | $627,765 |
Phoenix Air Services Inc Hvac Services- Contractor | 12/30/22 | $603,502 |
Pro Ems Solutions Inc Covid Testing | 12/30/22 | $561,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $634,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,794 |
| Total Program Service Revenue | $37,061,568 |
| Investment income | $494,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$625,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,934,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,500 |
| Grants and other assistance to domestic individuals. | $209,415 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $747,407 |
| Compensation of current officers, directors, key employees. | $747,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,358,097 |
| Pension plan accruals and contributions | $552,000 |
| Other employee benefits | $2,200,651 |
| Payroll taxes | $1,246,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,386 |
| Fees for services: Accounting | $156,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $162,500 |
| Fees for services: Other | $5,328,234 |
| Advertising and promotion | $40,068 |
| Office expenses | $1,318,950 |
| Information technology | $507,923 |
| Royalties | $0 |
| Occupancy | $1,890,154 |
| Travel | $773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,756 |
| Interest | $538,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,699,732 |
| Insurance | $237,294 |
| All other expenses | $0 |
| Total functional expenses | $40,466,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,844 |
| Savings and temporary cash investments | $3,886,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,249,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $101,251 |
| Prepaid expenses and deferred charges | $511,921 |
| Net Land, buildings, and equipment | $40,135,416 |
| Investments—publicly traded securities | $29,339,826 |
| Investments—other securities | $129,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,229 |
| Total assets | $79,643,744 |
| Accounts payable and accrued expenses | $4,425,638 |
| Grants payable | $0 |
| Deferred revenue | $40,207,621 |
| Tax-exempt bond liabilities | $14,629,610 |
| Escrow or custodial account liability | $0 |
| 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 | $362,291 |
| Total liabilities | $59,625,160 |
| Net assets without donor restrictions | $16,951,773 |
| Net assets with donor restrictions | $3,066,811 |
| 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 | $79,643,744 |