Glenmeadow Inc
- Assets
- $52.2m
- Revenue
- $11.0m
- Investments
- $63.3k
- Employees
- 332
- Location
- Longmeadow, MA
- Founding
- 01/1935
- Data as of
- 09/2023
- EIN
- 04-2105937
Organization Overview
Glenmeadow Inc is located in Longmeadow, MA. The organization was established in 1935. 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 09/2023, Glenmeadow Inc employed 332 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenmeadow 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 09/2023, Glenmeadow Inc generated $11.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $13.5m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PREMIER SENIOR SERVICES; NURTURING MIND, BODY AND SPIRIT OF THOSE WE SERVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLENMEADOW PROVIDED HOUSING AND SUPPORTIVE SERVICES TO 167 SENIORS.
GLENMEADOW AT HOME PROVIDED PERSONAL CARE AND OTHER SUPPORTIVE SERVICES TO 91 SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Thomas President/ceo - End 9/30/23 | Officer | 40 | $225,695 |
Linda Edwards VP Of Marketing - End 2/2022 | 40 | $211,496 | |
David Leslie VP Of Finance & Operations | Officer | 40 | $171,593 |
Meaghan Carrier VP Health And Wellness | 40 | $123,476 | |
Kathleen Martin Listed Twice Co Pres As Of 9/1/23 | Officer | 40 | $0 |
Amy Santerelli Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graystone Consulting Investment Fees | 9/29/23 | $105,852 |
Dimella Shaffer Associates Architecture | 9/29/23 | $242,982 |
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 | $431,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,817 |
| Total Program Service Revenue | $10,745,921 |
| Investment income | $702,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,590 |
| Net Gain/Loss on Asset Sales | -$947,382 |
| Net Income from Fundraising Events | $1,700 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,982,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $105,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $462,708 |
| Compensation of current officers, directors, key employees. | $341,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,170,815 |
| Pension plan accruals and contributions | $78,469 |
| Other employee benefits | $548,399 |
| Payroll taxes | $520,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,990 |
| Fees for services: Accounting | $35,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,244 |
| Fees for services: Other | $32,964 |
| Advertising and promotion | $150,275 |
| Office expenses | $118,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,433,742 |
| Travel | $26,026 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $371 |
| Interest | $260,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,724,287 |
| Insurance | $319,141 |
| All other expenses | $206,415 |
| Total functional expenses | $13,491,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,070,571 |
| Savings and temporary cash investments | $1,577,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $945,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,796 |
| Prepaid expenses and deferred charges | $207,767 |
| Net Land, buildings, and equipment | $19,898,215 |
| Investments—publicly traded securities | $21,096,423 |
| Investments—other securities | $63,320 |
| Investments—program-related | $0 |
| Intangible assets | $187,342 |
| Other assets | $2,092,669 |
| Total assets | $52,173,997 |
| Accounts payable and accrued expenses | $901,323 |
| Grants payable | $0 |
| Deferred revenue | $3,915,275 |
| Tax-exempt bond liabilities | $7,728,985 |
| Escrow or custodial account liability | $344,424 |
| 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 | $26,313,501 |
| Total liabilities | $39,203,508 |
| Net assets without donor restrictions | $11,009,170 |
| Net assets with donor restrictions | $1,961,319 |
| 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 | $52,173,997 |