Tockwotton Home
- Assets
- $55.2m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 222
- Location
- East Providence, RI
- Founding
- 09/1945
- Data as of
- 12/2023
- EIN
- 05-0258881
Organization Overview
Tockwotton Home, operating under the name Tockwotton On The Waterfront, is located in East Providence, RI. The organization was established in 1945. 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 12/2023, Tockwotton On The Waterfront employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tockwotton On The Waterfront 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 12/2023, Tockwotton On The Waterfront generated $17.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $17.4m during the year ending 12/2023. While expenses have increased by 0.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TOCKWOTTON HOME PROVIDES A VARIETY OF SERVICES TO OLDER ADULTS AND THEIR FAMILIES--INCLUDING NURSING HOME CARE AND ASSISTED LIVING RESIDENCES. TOWARDS THAT END, WE COLLABORATE WITH OTHERS WHO SHARE OUR VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICENSED TO CARE FOR 52 RESIDENTS, TOCKWOTTON'S NURSING WING HAS AN EXCELLENT REPUTATION AND LONG HISTORY OF PROVIDING 24 HOURS TOP-NOTCH NURSING CARE. THE FACILITY IS MEDICARE AND MEDICAID CERTIFIED AND PROVIDES PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES. TOCKWOTTON NURSING ALSO OFFERS VARIOUS SERVICES INCLUDING THERAPEUTIC RECREATION, PERSONAL LAUNDRY SERVICES, TRANSPORTATION AND COMPREHENSIVE INDIVIDUALIZED CARE PLANNING. NURSING HOME BED DAYS PROVIDED IN 2023 WERE 18,325 WHICH INCLUDED 4,686 FROM MEDICAID AND 3,182 MEDICARE DAYS.
WITH 104 APARTMENTS, TOCKWOTTON ON THE WATERFRONT'S ASSISTED LIVING RESIDENCES OPERATE UNDER THE NAMES, THE RIVER'S EDGE AND THE COURTYARD MEMORY CARE. THE RIVER'S EDGE IS AN ASSISTED LIVING COMMUNITY WHERE THE INDIVIDUAL'S INDEPENDENCE, WELL-BEING AND HAPPINESS IS THE FIRST PRIORITY. THE OPERATIONS OPENED IN 1856 AND MOVED TO A NEWLY BUILT STATE OF THE ART FACILITY IN JANUARY 2013. THE COMMUNITY OFFERS ALL THE COMFORTS OF HOME BY COMBINING ELEGANCE WITH THE FEEL OF A COMFORTABLE SEASIDE COTTAGE. AMENITIES INCLUDED IN THE MONTHLY RENT ARE SCHEDULED TRANSPORTATION, 3 MEALS A DAY, ALL PROGRAM OFFERINGS, WEEKLY HOUSEKEEPING AND CHANGING OF LINENS, ALL UTILITIES, 24 HOUR SECURITY AND EMERGENCY CALL SYSTEM, WI-FI, USE OF LAUNDRY AND SUPPLIES, AND PRIORITY ADMISSION TO TOCKWOTTON SKILLED NURSING CENTER. RIVER'S EDGE ALSO MAKES AVAILABLE TO THE RESIDENTS PACKAGES THAT INCLUDE PERSONAL CARE, MEDICATION PACKAGES, PERSONAL SAFETY PENDANTS, CABLE TV/INTERNET/PHONE, PERSONAL LAUNDRY, REHABILITATION, NUTRITIONAL COUNSELING AND SPECIAL DIETS. THE COURTYARD MEMORY CARE AT TOCKWOTTON ON THE WATERFRONT IS AN ASSISTED LIVING RESIDENCE THAT SPECIALIZES IN CARE FOR THOSE WITH ALZHEIMER'S DISEASE AND OTHER FORMS OF MEMORY LOSS. THE COURTYARD PROVIDES A SAFE AND NURTURING ENVIRONMENT WHERE HIGHLY TRAINED CAREGIVERS FOCUS ON WHAT IS MEANINGFUL TO EACH RESIDENT. BESIDES THE AMENITIES MENTIONED ABOVE, THE COURTYARD ALSO PROVIDES AN ONGOING ASSESSMENT OF THE RESIDENT'S HEALTH NEEDS, PERIODIC WELLNESS CHECKS BY STAFF NURSES AND MEDICATION ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Raimondo Director/chair Beg. 5/9/23 | OfficerTrustee | 2 | $0 |
Rafael Yepez Director/treasurer Beg. 5/9/23 | OfficerTrustee | 2 | $0 |
Karen Marshall Director/secretary Beg. 5/9/23 | OfficerTrustee | 2 | $0 |
Lonnie Barham Chair (through 5/9/23) | OfficerTrustee | 2 | $0 |
Alyssa Boss Vice Chair (through 5/9/23) | OfficerTrustee | 2 | $0 |
Arthur Bone Treasurer (through 5/9/23) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,110 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,983 |
| Noncash contributions included in lines 1a–1f | $10,248 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,093 |
| Total Program Service Revenue | $16,443,975 |
| Investment income | $324,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,555 |
| Net Income from Fundraising Events | $8,608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,340,271 |
| 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. | $527,268 |
| Compensation of current officers, directors, key employees. | $527,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,319,427 |
| Pension plan accruals and contributions | $162,102 |
| Other employee benefits | $684,417 |
| Payroll taxes | $430,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,956 |
| Fees for services: Accounting | $84,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,197 |
| Fees for services: Other | $3,828,017 |
| Advertising and promotion | $176,014 |
| Office expenses | $210,828 |
| Information technology | $105,454 |
| Royalties | $0 |
| Occupancy | $1,182,583 |
| Travel | $4,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,118 |
| Interest | $1,145,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,508,519 |
| Insurance | $568,214 |
| All other expenses | $40,325 |
| Total functional expenses | $17,350,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $616,892 |
| 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 | $118,449 |
| Net Land, buildings, and equipment | $35,097,713 |
| Investments—publicly traded securities | $11,172,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,555,270 |
| Total assets | $55,200,015 |
| Accounts payable and accrued expenses | $1,202,550 |
| 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 | $41,848,257 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $632,446 |
| Total liabilities | $43,683,253 |
| Net assets without donor restrictions | $6,956,184 |
| Net assets with donor restrictions | $4,560,578 |
| 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 | $55,200,015 |