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 06/2024, Riverwoods Manchester employed 259 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 06/2024, Riverwoods Manchester generated $17.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $20.8m during the year ending 06/2024. While expenses have increased by 8.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, OWN, AND MAINTAIN A CHARITABLE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIRCH HILL TERRACE ADOPTED THE DBA RIVERWOODS MANCHESTER (RWM) IN FY21 AND HAS BEEN AFFILIATIED WITH RIVERWOODS SINCE 2016. AS A TYPE B CONTRACT, NOT-FOR-PROFIT CONTINUING CARE COMMUNITY (CCRC) OUR PRIMARY SERVICE IS TO PROVIDE HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, AND SECURITY TO OLDER ADULTS OVER AGE 62. ON 6/30/24, THE COMMUNITY HOUSED APPROXIMATELY 198 RESIDENTS IN INDEPENDENT LIVING APARTMENTS AND 59 RESIDENTS IN ITS HEALTH CARE CENTER. DURING THE YEAR, THE HEALTH CARE CENTER SERVED ABOUTY 76 RESIDENTS ON A PERMANENT, TEMPORARY OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. LIFECARE RESIDENTS RECEIVE A DISCOUNTED RATE WHEN IN THE HEALTH CENTER. THE "CONTRACTUAL ALLOWANCE" (I.E. WRITE-OFF) RELATED TO THE LEVEL OF CARE PROVIDED FOR LIFECARE CONTRACT RESIDENTS WAS $741,347 FOR FY24.AS A NOT-FOR-PROFIT CCRC, RWM HAS A BENEVOLENCE FUND TO HELP RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS OR HAVE FOUND THEMSELVES UNABLE TO MAKE THEIR FINANCIAL COMMITMENT, THROUGH NO FAULT OF THEIR OWN. IF NEEDED, A RESIDENT CAN TURN TO THE RIVERWOODS BENEVOLENCE FUND, RATHER THAN PLACING FINANCIAL BURDEN ON SENIOR ASSISTANCE PROGRAMS OUTSIDE THE RIVERWOODS COMMUNITY. IN FY24, RWM PROVIDED FINANCIAL ASSISTANCE TO A TOTAL OF NINE RESIDENTS IN THE AMOUNT OF $505,274.OUR NOT-FOR-PROFIT MISSION PROVIDES COMMUNITY, PURPOSE, AND PEACE OF MIND. ONE OF THE PRIMARY WAYS OUR RESIDENTS AND STAFF FIND PURPOSE IS THROUGH GIVING BACK TO THE COMMUNITY AND THE SURROUNDING AREA IN A NUMBER OF WAYS. RWM HAS DEEP ROOTS IN THE CITY OF MANCHESTER AND THE SURROUNDING AREA. WE BEGAN CLOSE TO 150 YEARS AGO AS THE WOMEN'S AID AND RELIEF SOCIETY AND HAVE EVOLVED AS THE NEEDS OF THE COMMUNITY HAVE CHANGED. AS ACTIVE NEIGHBORS OF THE GREATER COMMUNITY, WE SERVE THE LOCAL AREAS WITH OUR TIME, KNOWLEDGE, AND RESOURCES. IN FY24, BOTH STAFF AND RESIDENTS FOUND MANY WAYS TO GIVE BACK, SERVE OTHERS, AND SUPPORT THE LOCAL COMMUNITY BY VOLUNTEERING THEIR TIME ON LOCAL NOT-FOR-PROFIT BOARDS, VOLUNTEERING HOURS IN THEIR COMMUNITY, COLLECTING PHYSICAL DONATIONS FOR TOY AND FOOD DRIVES AND MAKING KNITTED ITEMS TO DONATE TO LOCAL ORGANIZATIONS. ONE PROJECT OF PATRICULAR NOTE IS THE CREATION OF THE ALL PERSONS TRAIL IN THE CEDAR SWAMP PRESERVE, IN PARTNERSHIP WITH THE NATURE CONSERVANCY. THE 600 ACRE CONSERVANCEY IS ACROSS THE ROAD FROM OUR CAMPUS, AND WE ASSISTED IN FUNDING CONSTRUCTION OF THE TRAIL THAT ALLOWS PEOPLE IN WHEELCHAIRS AND WALKERS TO EXPLORE THIS BEAUTIFUL LOCATION. RWM ENCOURAGES EMPLOYEES TO VOLUNTEER DURING WORK HOURS FOR SPECIAL NOT-FOR-PROFIT PROJECTS. ANOTHER LONG-TREM PARTNERSHIP OF RWM IS WITH THE MOORE CENTER, IN MANCHESTER, WHO HELP FIND DIGNIFIED AND MEANINGFUL EMPLOYEMENT AND PURPOSE FOR PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. WE HAVE LONG PARTNERED WITH THE MOORE CENTER CLIENTS WHO BENEFIT FROM JOB SHADOWING/INTERNSHIPS AT RIVERWOODS MANCHESTER.PART OF OUR MISSION IS NOT ONLY TO HELP IMPROVE THE EXPERIENCE OF AGING FOR AS MANY ADULTS AS POSSIBLE, BUT ALSO TO SHARE THAT KNOWLEDGE WITH OTHERS, ESPECIALLY THE YOUNGER GENERATION. EMPLOYEES REGULARLY SHARE THEIR KNOWLEDGE BY INVITING STUDENTS INTO THE RWM COMMUNITY WHO CAN LEARN FROM THE VAST KNOWLEDGE AND EXPERIENCE OF THE STAFF. OVER THE YEARS WE HAVE HOSTED STUDENTS FROM A VARIETY OF SCHOOLS AND PROVIDED INTERNSHIPS IN A VARIETY OF COURSEWORK, FROM MARKETING TO FINANCE TO SOCIAL WORK AND HEALTH CARE. A KEY OBJECTIVE OF OUR COMMUNITY IS NOT ONLY TO SHARE OUR EXPERIENCES WITH OTHERS, BUT TO LEARN FROM OTHERS IN THE INDUSTRY AT THE SAME TIME. IN THIS WAY WE CONTINUE TO INNOVATE, TO REMAIN AT THE FOREFRONT OF NEW TRENDS IN OUR INDUSTRY, AND TO RESPOND TO CHANGING CONSUMER PREFERENCES, WHILE ALSO ADVANCING THE SENIOR LIVING INDUSTRY AS A WHOLE. OUR LEADERS REGULARLY ATTEND INDUSTRY SEMINARS, PARTICIPATE IN STUDY GROUPS, AND PRESENT ON NATIONAL AND INTERNALTIONAL PANELS WITHIN OUR INDUSTRY, AS WELL AS DRAFT ARTICLES FOR LEADING PUBLICATIONS. RWM IS A STRONG COMMUNITY PARTNER AND IN ADDITION TO RESIDENT AND STAFF TIME SPENT VOLUNTEERING, RWM HAS HELPED A NUMBER OF COMMUNITY-WIDE EVENTS AND ORGANIZATIONS WITH FINANCIAL SUPPORT. RWM HAS ALSO PROVIDED SMALL HONORARIUMS/DONATIONS TO A NUMBER OF GROUPS WHO HAVE PROVIDED SPEAKERS FOR OUR ON-CAMPUS EDUCATION PROGRAMS.EDUCATION IS A VALUE HIGHLY PRIZED BY RWM RESIDENTS. IN FY24, RWM ESTABLISHED THE RIVERWOODS MANCHESTER SCHOLARSHIP FUND FOR STAFF TO PURSUE HIGHER EDUCATION. IN FY24, $28,571 WAS AWARDED TO 11 RECIPIENTS.A GROUP OF EMPLOYEES CREATED THE C.A.R.E. (CARING, AIDING AND RESPONDING TO EMPLOYEES) FUND TO ASSIST EMPLOYEES WHO DEMONSTRATE A FINANCIAL EMERGENCY BEYOND THEIR CONTROL AND PROVIDE THEM WITH LIMITED ASSISTANCE. THIS FUND CONTINUES TO BE AVAILABLE TO EMPLOYEES WHO DEMONSTRATE A NEED FOR LIMITED EMERGENCY FINANCIAL ASSISTANCE.RIVERWOODS MANCHESTER IS LOCATED IN A BEAUTIFUL RURAL AREA OF THE CITY. RESIDENTS AS WELL AS PEOPLE IN OUR SURROUNDING AREA ARE ABLE TO ENJOY WALKING THROUGH OUR CAMPUS AND ON OUR TRAILS. A GROUP OF RWM RESIDENTS ARE DEDICATED TO KEEPING THE GARDENS AND TRAILS IN THEIR COMMUNITY IN PERFECT CONDITION. THE GARDENING, GROUNDS, AND PLANT CARE GROUP DEDICATE SEVERAL HOURS PER WEEK TO WEEDING, PRUNING, AND WATERING PLANTS AND BEDS AROUND THE CAMPUS FOR OTHERS TO ENJOY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Justine Vogel CEO | Trustee | 0.5 | $0 |
Kimberly Gaskell VP Of Operations | Officer | 5 | $0 |
April Bourdon Executive Director | Officer | 40 | $185,580 |
Karen Mcdonald Nurse Practitioner | 40 | $120,181 | |
Jennifer Sawyer Torgersen Sr. Living Consultant | 40 | $113,688 | |
Christopher Peabody Skilled Maintenance Mechanic | 40 | $105,664 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Riverwoods Group Management, Finance, Admin & It Services | 6/29/24 | $1,417,160 |
Clark Food Service Raw Food Supplier | 6/29/24 | $608,565 |
Ann Holding Company Dba Accurate Landsca Landscaping And Plowing | 6/29/24 | $212,551 |
Stephen Caruso Dba Caruso Construction Construction Services | 6/29/24 | $358,821 |
Gcd New Hampshire Llc Capital Project Planning And Management | 6/29/24 | $124,167 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $232,452 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $135,758 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $368,210 |
Total Program Service Revenue | $16,264,674 |
Investment income | $508,784 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $45,128 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,186,796 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $533,845 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $220,993 |
Compensation of current officers, directors, key employees. | $220,993 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,026,945 |
Pension plan accruals and contributions | $70,180 |
Other employee benefits | $928,301 |
Payroll taxes | $622,934 |
Fees for services: Management | $643,364 |
Fees for services: Legal | $640 |
Fees for services: Accounting | $48,041 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $22,348 |
Fees for services: Other | $1,519,128 |
Advertising and promotion | $357,509 |
Office expenses | $157,235 |
Information technology | $309,309 |
Royalties | $0 |
Occupancy | $868,513 |
Travel | $35,560 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $645,430 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,577,806 |
Insurance | $277,807 |
All other expenses | $7,243 |
Total functional expenses | $20,786,431 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,634,983 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $120,424 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $35,493 |
Prepaid expenses and deferred charges | $110,594 |
Net Land, buildings, and equipment | $51,536,650 |
Investments—publicly traded securities | $7,339,815 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,362,269 |
Total assets | $65,140,228 |
Accounts payable and accrued expenses | $1,926,859 |
Grants payable | $0 |
Deferred revenue | $14,542,585 |
Tax-exempt bond liabilities | $13,152,358 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $34,244 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $38,124,542 |
Total liabilities | $67,780,588 |
Net assets without donor restrictions | -$2,641,360 |
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 | $65,140,228 |