Goodwin House Foundation is located in Alexandria, VA. The organization was established in 1991. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwin House Foundation 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 09/2021, Goodwin House Foundation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $1.7m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.GOODWIN HOUSE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TYPE I SUPPORTING FOUNDATION OF GOODWIN HOUSE INCORPORATED. THE FOUNDATION'S MISSION: THROUGH THE POWER OF PHILANTHROPY, WE SEEK AND CELEBRATE GENEROSITY TO CARRY OUT THE MISSION OF GOODWIN HOUSE, TO PROVIDE FINANCIAL SECURITY TO RESIDENTS, TO ENABLE STAFF TO THRIVE IN THEIR CAREERS, AND TO SUPPORT INNOVATION, THUS ENHANCING THE LIVES OF OLDER ADULTS AND THOSE WHO CARE FOR THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWIN HOUSE FELLOWSHIP (RESIDENT FINANCIAL ASSISTANCE) PROGRAM (SEE SCHEDULE O.) GOODWIN HOUSE FOUNDATION RAISES FUNDS TO UNDERWRITE THE GOODWIN HOUSE RESIDENT SUPPORT PROGRAM (FORMERLY CALLED FELLOWSHIP), WHICH PROVIDES CONFIDENTIAL FINANCIAL ASSISTANCE TO RESIDENTS WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES. THE RESIDENT SUPPORT PROGRAM COVERS THE MONTHLY FEES OF THOSE RESIDENTS WHO HAVE OUTLIVED THEIR RESOURCES, THROUGH NO FAULT OF THEIR OWN. THESE FEES COVER HOUSING, MEALS, MEDICAL CARE, AND THE VARIOUS PROGRAMMING OFFERED THROUGH GOODWIN HOUSE ALEXANDRIA AND GOODWIN HOUSE BAILEY'S CROSSROADS. THE RESIDENT SUPPORT PROGRAM ALSO COVERS SPECIAL EMERGENCY FINANCIAL NEEDS FOR THOSE RESIDENTS WHO CAN PAY THEIR MONTHLY FEES, BUT WHO CANNOT AFFORD CERTAIN EXPENSES SUCH AS A DENTAL SURGERY OR A VISION- SAVING EYE SURGERY. THE RESIDENT SUPPORT PROGRAM IS AT THE HEART OF THE MISSION OF GOODWIN HOUSE AND ENABLES OLDER ADULTS IN NEED OF FINANCIAL SUPPORT TO LIVE WITH THE PEACE OF MIND THAT THEIR HOUSING, SERVICE, AND CARE NEEDS WILL ALWAYS BE MET. THIS PEACE OF MIND EXTENDS TO THE FAMILY MEMBERS OF OUR RESIDENT RECIPIENTS AS WELL. IN FISCAL YEAR 2021, THE FOUNDATION GRANTED $478,734 TO GOODWIN HOUSE INCORPORATED TO PROVIDE FOR RESIDENT SUPPORT RECIPIENTS. GOODWIN HOUSE FOUNDATION PROVIDED 100% OF THE RESIDENT SUPPORT PROGRAM EXPENSES FOR FISCAL YEAR 2021. THE FOUNDATION RAISED $411,716 FOR THE RESIDENT SUPPORT PROGRAM IN FROM GIFTS RECEIVED IN FY 2021, AND UTILIZED APPROXIMATELY $67,018 FROM RESTRICTED FUNDS FOR THIS USE.
GOODWIN HOUSE RESIDENT AND STAFF PROGRAMS (SEE SCHEDULE O.)THROUGH THE GENEROSITY OF RESIDENTS, FAMILY MEMBERS, STAFF, FRIENDS, AND ORGANIZATIONS WHO WISHED TO PARTNER WITH OUR MISSION, THE FOUNDATION WAS ABLE TO PROVIDE ADDITIONAL SUPPORT TO OUR COMMUNITY IN A MYRIAD OF WAYS. IN ORDER TO ENHANCE RESIDENT ENGAGEMENT, WE PROVIDED APPROXIMATELY $122,275 FOR RESIDENT PROGRAMMING. THIS INCLUDED AREAS SUCH AS MUSICAL ENTERTAINMENT AND THERAPY, PLANT THERAPY, AND THE ADDITION OF A BRAIN HEALTH PROGRAM MANAGER POSITION. THE ADDITION OF THIS POSITION ALSO ALLOWED US TO OFFER THE STRONGERMEMORY CURRICULUM COMPLIMENTARY TO HUNDREDS OF INDIVIDUALS WITHIN AND OUTSIDE OF OUR COMMUNITY TO THOSE EXPERIENCING COGNITIVE DECLINE. THE CHAPELS ON EACH CAMPUS ALSO WERE SUPPORTED THROUGH THIS GENEROSITY. THE FOUNDATION RECEIVED $40,150 IN GIFTS TO THE HOSPICE AND PALLIATIVE CARE FUND AND UTILIZED $20,692 TO PROVIDE MUCH NEEDED SUPPORT FOR MANY OF THE PATIENTS IN THEIR CARE AS WELL AS PROFESSIONAL DEVELOPMENT FOR THE TEAM MEMBERS. THE TEAM WAS ABLE TO PROVIDE THERAPIES AND EQUIPMENT TO ENHANCE COMFORT FOR THEIR PATIENTS WHEN NEEDED. GIFTS MADE TO THE PALLIATIVE CARE AND HOSPICE PROGRAM ARE USEDTO PROVIDE CARE THAT IS NOT COVERED BY INSURANCE, AS WELL SUPPORT FOR RESIDENTS AND FAMILIES, AND EDUCATION FOR STAFF. THE FOUNDATION WORKED DILIGENTLY TO PARTNER WITH ITS DONORS TO SUPPORT OUR TEAM MEMBERS AS WELL. THROUGH AN INCREDIBLE OUTPOURING OF GENEROSITY, WE WERE ABLE TO PROVIDE $364,515 IN FUNDING FOR TEAM MEMBERS.SOME OF THAT SUPPORT CAME IN TUITION ASSISTANCE, STUDENT LOAN REPAYMENT GRANTS AND LEADERSHIP OPPORTUNITIES. ($146,442 FUNDED 80 STUDENTS IN THEIR EDUCATIONAL JOURNEYS, ALSO, OVER $45,000 WAS PROVIDED FOR DEPARTMENTAL GRANTS AND LEADERSHIP OPPORTUNITIES. INCLUDED IN THESE OPPORTUNITIES WAS A NEW ADVANCED CERTIFIED NURSING ASSISTANCE CAREER LADDER INITIATIVE WHICH SUPPORTED AN INITIAL COHORT OF 10 INDIVIDUALS TO GAIN IMPORTANT LEADERSHIP TRAINING. OTHER CONTRIBUTIONS WERE USED TO PROVIDE FOR THE U.S. CITIZENSHIP APPLICATION FEE PROGRAM SUPPORTING 22 OF OUR STAFF MEMBERS, TOTALING $18,143. THIS ALSO PROVIDED COURSE MATERIALS FOR OUR RESIDENT TUTORS. WE BELIEVE THIS IS AN IMPORTANT PROGRAM GIVEN THAT ONE IN FOUR OF OUR STAFF MEMBERS ARE FOREIGN BORN AND WISH TO PURSUE US CITIZENSHIP, BUT ARE HINDERED BY THE HIGH COST IN FEES.MANY MEMBERS OF OUR TEAM CONTINUED TO EXPERIENCE SEVERE FINANCIAL DIFFICULTIES DUE TO THE PANDEMIC. WE WERE ABLE TO OFFER SOME HOPE BY OFFERING APPROXIMATELY $25,000 IN FOOD ASSISTANCE FOR OUR STAFF AS WELL AS PROVIDE FOR 177 EMERGENCY ASSISTANCE GRANTS TOTALING $104,000. THIS ASSISTANCE PROVIDED COMFORT TO THOSE IN NEED AND ALLOWED THEM TO CONTINUE SERVING ALONGSIDE OUR RESIDENTS WITH DIGNITY AND THEIR EXCEPTIONAL STANDARDS OF PROFESSIONALISM AND COMPASSION.
THE MISSION OF GOODWIN HOUSE INCORPORATED INCLUDES A FOCUS ON IDENTIFYING AND SERVING, TO THE BEST OF OUR ABILITY, THE NEEDS OF OLDER ADULTS IN THE GREATER NORTHERN VIRGINIA REGION. THE GOODWIN HOUSE FOUNDATION COMMUNITY MATCHING GIFT PROGRAM (CMGP) WAS A MEANS OF EXTENDING THE MISSION OF GOODWIN HOUSE BY SUPPORTING 17 NONPROFIT ORGANIZATIONS IN NORTHERN VIRGINIA THAT SERVE OLDER ADULTS WHO DO NOT LIVE IN A GOODWIN HOUSE COMMUNITY BY MATCHING GOODWIN HOUSE RESIDENT DONATIONS TO THESE ORGANIZATIONS UP TO $500 PER DONOR AND $5,000 PER ORGANIZATION, EACH YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gant Redmon Chairperson | OfficerTrustee | 1 | $0 |
Kimberly A Fiske ESQ Secretary | OfficerTrustee | 1 | $0 |
Mary M Myers Vice Chairperson | OfficerTrustee | 1 | $0 |
John H Komoroske Treasurer | OfficerTrustee | 1 | $0 |
Richard T Carter CFO - Retired 9/30/21 | Officer | 2 | $0 |
Valerie L Burke Chief Philanthropy Officer | Officer | 2 | $0 |
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 | $4,411,918 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,411,918 |
Total Program Service Revenue | $0 |
Investment income | $542,413 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $567,034 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,521,365 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $476,080 |
Grants and other assistance to domestic individuals. | $364,516 |
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 | $459,742 |
Pension plan accruals and contributions | $21,158 |
Other employee benefits | $21,604 |
Payroll taxes | $26,119 |
Fees for services: Management | $0 |
Fees for services: Legal | $143 |
Fees for services: Accounting | $17,432 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $16,163 |
Fees for services: Other | $5,761 |
Advertising and promotion | $0 |
Office expenses | $47,317 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,118 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $26,757 |
Total functional expenses | $1,693,894 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,335,423 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $393,639 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $17,187,603 |
Investments—other securities | $972,182 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $20,888,847 |
Accounts payable and accrued expenses | $2,200 |
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 | $0 |
Unsecured mortgages and notes payable | $66,985 |
Other liabilities | $760,374 |
Total liabilities | $829,559 |
Net assets without donor restrictions | $16,374,967 |
Net assets with donor restrictions | $3,684,321 |
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 | $20,888,847 |
Over the last fiscal year, Goodwin House Foundation has awarded $862,954 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Alexandria, VA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO RESIDENTS OF GOODWIN HOUSE INCORPORATED | $711,768 |
Alexandria, VA PURPOSE: TO PROVIDE CLINICAL PASTORAL EDUCATION | $151,186 |
Over the last fiscal year, we have identified 3 grants that Goodwin House Foundation has recieved totaling $68,848.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $33,450 |
Minor Lyman Tr Christ Ch U W Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $21,398 |
Ada L & Albert M Wibel Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $14,000 |
Beg. Balance | $1,680,689 |
Net Contributions | $2,840 |
Ending Balance | $1,683,529 |
Organization Name | Assets | Revenue |
---|---|---|
Westminister-Canterbury Management Corporation Richmond, VA | $220,702,749 | $15,246,749 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Community Real Property Holdings Inc Charlotte, NC | $53,988,196 | $19,881,979 |
Communities In Schools Of North Carolina Inc Raleigh, NC | $8,297,246 | $8,586,637 |
The Arc Davidson County & Greater Nashville Nashville, TN | $1,667,294 | $2,925,688 |
Thrift Alliance Nashville, TN | $769,764 | $2,756,268 |
Lupus America Communities Washington, DC | $825,301 | $2,369,800 |
Virginia Baptist Homes Foundation Inc Glen Allen, VA | $12,836,580 | $2,666,939 |
The Greater Washington Jewish Coalition Against Domestic Abuse Rockville, MD | $364,644 | $1,919,245 |
Cedar Lake Foundation Inc Louisville, KY | $30,254,098 | $3,941,239 |
Goodwin House Foundation Alexandria, VA | $20,888,847 | $5,521,365 |
Family Of Care Real Estate Holding Co Inc La Plata, MD | $30,949,890 | $1,752,618 |