Whitinsville Retirement Society Inc is located in Whitinsville, MA. The organization was established in 1976. 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 01/2022, Whitinsville Retirement Society Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitinsville Retirement Society 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 01/2022, Whitinsville Retirement Society Inc generated $752.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $575.4k during the year ending 01/2022. While expenses have increased by 2.5% per year over the past 7 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
RESIDENCE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP LIVING FACILITY INCLUDING MEALS FOR THE ELDERLY. APARTMENTS FOR THE ELDERLY - 24 INDIVIDUAL UNITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ann Roon President | OfficerTrustee | 10 | $0 |
Wendy Groot Treasurer | OfficerTrustee | 10 | $0 |
Sue Smith Secretary | OfficerTrustee | 10 | $0 |
Randy Devries Vice President | OfficerTrustee | 10 | $0 |
Scott Schneider Director | Trustee | 10 | $0 |
William Vis Director | Trustee | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,715 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,720 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,435 |
Total Program Service Revenue | $662,784 |
Investment income | $24,032 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $61,043 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $752,294 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $257,809 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $39,715 |
Fees for services: Management | $3,600 |
Fees for services: Legal | $2,000 |
Fees for services: Accounting | $2,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,306 |
Advertising and promotion | $3,523 |
Office expenses | $15,696 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $131,964 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $6 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $27,411 |
Insurance | $39,696 |
All other expenses | $45,160 |
Total functional expenses | $575,386 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $220,184 |
Savings and temporary cash investments | $192,700 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,134 |
Net Land, buildings, and equipment | $183,948 |
Investments—publicly traded securities | $667,233 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,265,199 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
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 | $3,061 |
Total liabilities | $3,061 |
Net assets without donor restrictions | $1,262,138 |
Net assets with donor restrictions | $0 |
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 | $1,265,199 |
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Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
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Active Retirement Community Inc South Setauket, NY | $204,676,750 | $34,139,621 |
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Mclean Affiliates Inc Simsbury, CT | $119,028,138 | $28,380,962 |
Israel Senior Citizens Housing Development Fund Corp New York, NY | $56,551,856 | $8,736,330 |
Woodland Pond Inc New Paltz, NY | $75,307,773 | $23,806,053 |
Lasell Village Inc Auburndale, MA | $102,869,314 | $21,782,150 |
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Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
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