Aldersbridge Communities
- Assets
- $4.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 18
- Location
- East Providence, RI
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 05-0500898
Organization Overview
Aldersbridge Communities is located in East Providence, RI. The organization was established in 1999. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Aldersbridge Communities employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aldersbridge Communities 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, Aldersbridge Communities generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 9 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
LOCATED IN EAST PROVIDENCE, RHODE ISLAND, ALDERSBRIDGE COMMUNITIES IS AN AFFORDABLE CONTINUUM OF HOUSING AND CARE SERVING VERY-LOW TO MODERATE INCOME SENIORS. AS THE PARENT ORGANIZATION, ALDERSBRIDGE COMMUNITIES CONSISTS OF FOUR SEPARATE SUBSIDIARY ORGANIZATIONS. WINSLOW GARDENS, LINN HEALTH CARE CENTER, AND ARBOR HILL ASSISTED LIVING PROVIDE A FULL-COMPLEMENT OF SERVICES TO THE LOW TO MODERATE INCOME AGING THROUGHOUT SOUTHEASTERN MASSACHUSETTS AND RHODE ISLAND. ALDERSBRIDGE FOUNDATION PROVIDES SUPPORT AND FINANCIAL ASSISTANCE TO THE PARENT ORGANIZATION AND OTHER SUBSIDIARY ORGANIZATIONS. ALDERSBRIDGE COMMUNITIES IS AN EQUAL OPPORTUNITY PROVIDER OF HOUSING AND CARE WELCOMING ALL RELIGIOUS, ETHNIC, CULTURAL, AND SOCIO-ECONOMIC BACKGROUNDS AND SUPPORTS PRODUCTIVE AND JOYFUL AGING. ITS HISTORICAL CONNECTION TO THE NEW ENGLAND CONFERENCE OF THE UNITED METHODIST CHURCH PROVIDES THE IMPETUS OF ITS PERSPECTIVE AND COMMITMENT TO HUMAN DIGNITY AND QUALITY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES THE OPERATIONS OF FOUR RELATED ORGANIZATIONS THAT PROVIDE HEALTH AND RETIREMENT SERVICES TO THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Gamache Chief Executive Officer | Officer | 40 | $265,827 |
Joseph Durand Chief Financial Officer | Officer | 10 | $137,946 |
Jamie Sanford Administrator | Officer | 0 | $0 |
Sandra Cullen Chief Operating Officer | Officer | 20 | $121,552 |
Susan Abely Board Member | Trustee | 1 | $0 |
Robert Gauthier Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,120 |
| Related organizations | $213,572 |
| Government grants | $79,687 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,591 |
| Total Program Service Revenue | $3,071,350 |
| Investment income | $12,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,687,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $935,235 |
| 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. | $590,882 |
| Compensation of current officers, directors, key employees. | $590,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,448,320 |
| Pension plan accruals and contributions | $36,977 |
| Other employee benefits | $164,668 |
| Payroll taxes | $164,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $812 |
| Fees for services: Accounting | $11,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,840 |
| Advertising and promotion | $23,379 |
| Office expenses | $99,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,189 |
| Travel | $6,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,512 |
| Insurance | $106,579 |
| All other expenses | $54,662 |
| Total functional expenses | $3,948,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,481 |
| Savings and temporary cash investments | $154,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,722,079 |
| 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 | $26,110 |
| Net Land, buildings, and equipment | $147,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,665,646 |
| Total assets | $4,260,259 |
| Accounts payable and accrued expenses | $479,939 |
| Grants payable | $0 |
| Deferred revenue | $191,100 |
| 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 | $2,298,329 |
| Total liabilities | $2,969,368 |
| Net assets without donor restrictions | $808,971 |
| Net assets with donor restrictions | $481,920 |
| 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 | $4,260,259 |
Grants Awarded
Over the last fiscal year, Aldersbridge Communities has awarded $935,105 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WINSLOW GARDENS PURPOSE: SUPPORT OF RELATED ORGANIZATION. | $149,693 |
LINN HEALTH PURPOSE: SUPPORT OF RELATED ORGANIZATION. | $785,412 |