Birch Hill Terrace
- Assets
- $49.3m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 202
- Location
- Manchester, NH
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 22-3015416
Organization Overview
Birch Hill Terrace, operating under the name Riverwoods Manchester, is located in Manchester, NH. The organization was established in 1946. 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 06/2022, Riverwoods Manchester employed 202 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Riverwoods Manchester 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 06/2022, Riverwoods Manchester generated $13.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $15.8m during the year ending 06/2022. While expenses have increased by 6.0% 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
A RESIDENTIAL RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BH ADOPTED THE DBA RIVERWOODS MANCHESTER (RWM) IN FY2021. RWM HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH, OWN, AND MAINTAIN A CCRC WHICH PROVIDES HOUSING, HEALTHCARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO THE ELDERLY POPULATION. ON JUNE 30, 2022 THE COMMUNITY HOUSED APPROXIMATELY 162 RESIDENTS IN INDEPENDENT APARTMENTS AND 57 RESIDENTS IN THE HEALTH CARE CENTER. FOR THE FISCAL YEAR ENDED JUNE 30, 2022, RWM PROVIDED APPROXIMATELY $487,305 IN BENEVOLENCE TO THIRTEEN RESIDENTS. OVER THE COURSE OF THE YEAR THE HEALTH CARE CENTER SERVED APPROXIMATELY 54 RESIDENTS ON A PERMANENT, TEMPORARY OR PER DIEM BASES AT A SUBSTANTIALLY DISCOUNTED RATE. CONTINUED ON SCHEDULE O.THE "CONTRACTUAL ALLOWANCE" (I.E., WRITE-OFF) RELATED TO THE CARE PROVIDED FOR LIFECARE RESIDENTS WAS IN EXCESS OF $606,949 FOR THE FISCAL YEAR ENDED JUNE 30, 2022 (FY22). COVID-19 HAD A SIGNIFICANT IMPACT ON THE BUSINESS OPERATIONS IN FY 2022. RWM RECEIVED $426,351 OF GRANT MONEY WHICH HELPED OFFSET THE INCREMENTAL COSTS INCURRED DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Bourdon Executive Director | Officer | 39.75 | $154,183 |
Dave Brownell Chair | OfficerTrustee | 0.5 | $0 |
Susan Desjardins Vice-Chair | OfficerTrustee | 0.5 | $0 |
Rebecca Smith Clerk | OfficerTrustee | 0.5 | $0 |
Mike Hickey Treasurer | OfficerTrustee | 0.5 | $0 |
Denise Burke Treasurer- Left June 2022 | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sullivan Construction Inc Construction Services | 6/29/22 | $2,214,373 |
The Riverwoods Group Management And It Services | 6/29/22 | $1,344,396 |
Caruso Construction Construction Services | 6/29/22 | $657,257 |
Minuteman Security Technologies Safety Services | 6/29/22 | $323,882 |
Baystate Air Inc Construction Services | 6/29/22 | $263,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $246,385 |
| Government grants | $426,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $686,317 |
| Total Program Service Revenue | $12,182,477 |
| Investment income | $163,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,228,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $487,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $189,426 |
| Compensation of current officers, directors, key employees. | $189,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,757,127 |
| Pension plan accruals and contributions | $56,387 |
| Other employee benefits | $851,802 |
| Payroll taxes | $439,043 |
| Fees for services: Management | $531,000 |
| Fees for services: Legal | $48,501 |
| Fees for services: Accounting | $34,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,679 |
| Fees for services: Other | $710,769 |
| Advertising and promotion | $214,726 |
| Office expenses | $923,320 |
| Information technology | $464,989 |
| Royalties | $0 |
| Occupancy | $661,299 |
| Travel | $12,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $290,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,087,365 |
| Insurance | $197,666 |
| All other expenses | $67,697 |
| Total functional expenses | $15,834,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,401,347 |
| Savings and temporary cash investments | $5,693,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $501,914 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,409 |
| Prepaid expenses and deferred charges | $111,248 |
| Net Land, buildings, and equipment | $38,199,531 |
| Investments—publicly traded securities | $557,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $844,968 |
| Total assets | $49,349,537 |
| Accounts payable and accrued expenses | $1,274,263 |
| Grants payable | $0 |
| Deferred revenue | $11,445,289 |
| Tax-exempt bond liabilities | $10,595,920 |
| 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 | $22,859,753 |
| Total liabilities | $46,175,225 |
| Net assets without donor restrictions | $3,173,312 |
| Net assets with donor restrictions | $1,000 |
| 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 | $49,349,537 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Birch Hill Terrace has recieved totaling $109.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Riverwoods Company At Exeter New Hampshire Exeter, NH | $189,550,060 | $45,820,937 |
North Hill Needham Inc Needham, MA | $218,215,357 | $46,801,004 |
Carleton Willard Homes Inc Bedford, MA | $84,483,009 | $38,647,048 |
Symmes Life Care Inc Lexington, MA | $195,262,615 | $31,035,434 |
Wake Robin Corp Shelburne, VT | $137,626,146 | $30,368,225 |
United Church Of Christ Retirement Community Inc Concord, NH | $98,198,360 | $30,641,465 |
Edgewood Retirement Community Inc North Andover, MA | $138,118,772 | $28,111,868 |
Peterborough Retirement Community At Upland Farm Inc Peterborough, NH | $101,660,266 | $26,693,338 |
Orchard Cove Inc Canton, MA | $64,325,700 | $24,931,454 |
Salem Community Corp Worcester, MA | $69,833,808 | $20,062,867 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Birch Hill Terrace Manchester, NH | $49,349,537 | $13,228,793 |