Beverwyck Inc
- Assets
- $80.7m
- Revenue
- $17.4m
- Investments
- $28.0m
- Employees
- 263
- Location
- Slingerlands, NY
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 14-1717028
Organization Overview
Beverwyck Inc, operating under the name Eddy Village Green At Beverwyck, is located in Slingerlands, NY. The organization was established in 1994. 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 12/2022, Eddy Village Green At Beverwyck employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eddy Village Green At Beverwyck 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, Eddy Village Green At Beverwyck generated $17.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $14.6m during the year ending 12/2022. While expenses have increased by 3.4% 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
TO PROVIDE A COMPLETE CONTINUUM OF LONG-TERM CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEVERWYCK, OPERATING SINCE 1993, IS A SENIOR LIVING COMMUNITY LOCATED IN SLINGERLANDS, NEW YORK, JUST OUTSIDE OF ALBANY. THE COMMUNITY OFFERS INDEPENDENT LIVING IN 170 APARTMENTS AND 29 COTTAGES, ASSISTED LIVING IN 41 ENRICHED HOUSING UNITS AS WELL AS TWO 12-UNIT SKILLED NURSING RESIDENCES. THE RETIREMENT COMMUNITY SERVES RESIDENTS 55 YEARS OF AGE AND OLDER, AND PROVIDES SECURITY, MAINTENANCE, DINING, ACTIVITIES, TRANSPORTATION, AND AMENITIES TO ALLOW RESIDENTS TO STAY INDEPENDENT AS LONG AS POSSIBLE. THE ASSISTED LIVING UNITS PROVIDE ASSISTANCE WITH THE ACTIVITIES OF DAILY LIVING, AS WELL AS HEALTH RELATED SERVICES TO THEIR RESIDENTS. THE SKILLED NURSING RESIDENCES PROVIDE THERAPY, DENTAL, OPTOMETRY, PODIATRY, SOCIAL WORK COUNSELING, HOUSEKEEPING AND PERSONAL LAUNDRY, RELIGIOUS SERVICES, FAMILY SUPPORT GROUPS, AND VARIOUS ACTIVITIES BOTH ON AND OFF SITE. BEVERWYCK IS COMMITTED TO MAKING ITS SERVICES AND FACILITIES AVAILABLE TO RESIDENTS WHO CAN NO LONGER MEET THE FINANCIAL OBLIGATIONS OF RESIDENCY. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.EDDYSENIORLIVING.COM/OUR-COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Isacksen Dir At 10/22; Trinity Health CFO | Trustee | 0.2 | $0 |
James Reed MD Director; President & CEO | OfficerTrustee | 1 | $0 |
Thomas Robert VP & Cfo, New York Region | Officer | 1 | $0 |
Dawn Geisert Dir Thr 9/22; Th Chf Compliance Off | Trustee | 0.2 | $0 |
Kim Baker Fmr Officer; Sphp SVP Hospital Ops | 0 | $0 | |
Michelle Mazzacco Evp, Continuing Care | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G&r Contracting Inc Construction Services | 12/30/22 | $870,335 |
Unidine Corporation Dining Program Management Services | 12/30/22 | $603,900 |
Hallmark Healthcare Solutions Temporary Medical Staffing Services | 12/30/22 | $343,555 |
Richard E Jones Associates Architects Architects, Environ. Planning | 12/30/22 | $175,029 |
Eastern Heating And Cooling Inc Heating & Cooling Services | 12/30/22 | $143,893 |
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 | $83,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,270 |
| Total Program Service Revenue | $16,061,153 |
| Investment income | $1,156,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,707 |
| Net Gain/Loss on Asset Sales | $122,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,432,821 |
| 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 | $5,340,874 |
| Pension plan accruals and contributions | $84,279 |
| Other employee benefits | $679,748 |
| Payroll taxes | $393,625 |
| Fees for services: Management | $65,666 |
| Fees for services: Legal | $2,553 |
| Fees for services: Accounting | $21,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,446 |
| Fees for services: Other | $1,531,720 |
| Advertising and promotion | $155,605 |
| Office expenses | $319,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,672,658 |
| Travel | $7,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $999 |
| Interest | $12,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,905,979 |
| Insurance | $132,557 |
| All other expenses | $184,587 |
| Total functional expenses | $14,553,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,584 |
| Savings and temporary cash investments | $115,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,738 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,056,662 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $296,413 |
| Net Land, buildings, and equipment | $18,443,359 |
| Investments—publicly traded securities | $31,589,808 |
| Investments—other securities | $27,967,870 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,069,615 |
| Total assets | $80,713,602 |
| Accounts payable and accrued expenses | $1,020,076 |
| Grants payable | $0 |
| Deferred revenue | $720,764 |
| 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 | $38,498,967 |
| Total liabilities | $40,239,807 |
| Net assets without donor restrictions | $39,557,622 |
| Net assets with donor restrictions | $916,173 |
| 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 | $80,713,602 |