Totals
- Total revenue
- $6,641,057
- Total expenses
- $7,565,266
- Contributions and grants received
- $2,874,000
- Grants paid
- $0
- Program service revenue
- $3,752,388
- Investment income
- $25
- Other revenue
- $14,644
- Total assets, end of year
- $32,812,938
- Total liabilities, end of year
- $35,764,699
- Net assets or fund balances, end of year
- -$2,951,761
- Program services expenses (Part IX)
- $6,775,879
- Management and general expenses
- $789,387
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,775,879
Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$2,874,000
-
2a · Program service revenue: ASSISTED LIVING
total $3,752,388 · related or exempt $3,752,388
-
3 · Investment income
total $25 · excluded $25
-
6a · Gross rents
real property $154,087
-
6b · Less rental expenses
real property $199,642
-
6c · Rental income or loss
real property -$45,555
-
6d · Net rental income or loss
total -$45,555 · excluded -$45,555
-
11a · Other revenue: MISC INCOME
total $60,199 · excluded $60,199
-
11e · Other revenue, total
$60,199
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $66,449 · management and general $66,449
-
7 · Other salaries and wages
total $2,967,840 · program services $2,778,196 · management and general $189,644
-
8 · Pension plan contributions
total $36,257 · program services $33,197 · management and general $3,060
-
9 · Other employee benefits
total $405,488 · program services $375,626 · management and general $29,862
-
10 · Payroll taxes
total $213,105 · program services $199,133 · management and general $13,972
-
11b · Fees: legal
total $8,015 · management and general $8,015
-
11c · Fees: accounting
total $5,450 · management and general $5,450
-
12 · Advertising and promotion
total $135,811 · management and general $135,811
-
13 · Office expenses
total $56,092 · program services $21,754 · management and general $34,338
-
14 · Information technology
total $60,621 · program services $48,497 · management and general $12,124
-
16 · Occupancy
total $186,626 · program services $181,027 · management and general $5,599
-
17 · Travel
total $470 · management and general $470
-
20 · Interest
total $1,613,195 · program services $1,613,195
-
22 · Depreciation, depletion and amortization
total $1,056,953 · program services $1,056,953
-
23 · Insurance
total $94,872 · program services $94,872
-
24a · Other expenses: CONSULT. & PUR. SERVICE
total $270,160 · program services $136,234 · management and general $133,926
-
24b · Other expenses: PATIENT CARE
total $237,195 · program services $237,195
-
24e · All other expenses
total $150,667 · management and general $150,667
Balance sheet
Part X, book values.
-
4 · Accounts receivable
beginning of year $86,260 · end of year $178,905
-
9 · Prepaid expenses and deferred charges
end of year $4,331
-
10a · Land, buildings and equipment: cost or other basis
$35,411,347
-
10b · Land, buildings and equipment: accumulated depreciation
$2,781,645
-
10c · Land, buildings and equipment, net
beginning of year $33,806,572 · end of year $32,629,702
-
15 · Other assets
beginning of year $564,899 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $131,420 · end of year $160,821
-
23 · Secured mortgages and notes payable
beginning of year $116,707 · end of year $95,512
-
25 · Other liabilities
beginning of year $36,237,156 · end of year $35,508,366
-
27 · Net assets without donor restrictions
beginning of year -$2,027,552 · end of year -$2,951,761
Mission and programs · 2022
Mission
CHATHAM PLACE AT MARY WADE(DBA) BEGAN OPERATIONS ON FEBRUARY 1, 2022. THE COMMUNITY WAS 60% OCCUPIED AT SEPTEMBER 30, 2023.
Activities or mission (Part I)
TO PROVIDE THOSE IN NEED WITH HIGH QUALITY ASSISTED LIVING AND MEMORY CARE SERVICES IN ORDER TO MAINTAIN THE RESIDENTS INDIVIDUALITY IN A DIGNIFIED, CARING AND THRIVING SENIOR COMMUNITY. CHATHAM PLACE AT MARY WADE HAS 64 ASSISTED LIVING AND 20 MEMORY CARE MIDDLE MARKET APARTMENTS.
-
ASSISTED LIVING FACILITY: CHATHAM PLACE AT MARY WADE IS AN 84 UNIT ASSISTED LIVING FACILITY WITH 64 ASSISTED LIVING UNITS AND A SECURE 20 UNIT MEMORY CARE SECTION. IT OPENED FEBRUARY 1, 2022. THIS IS THE FIRST FULL FISCAL YEAR OF OPERATION AND IT IS RUNNING BELOW CAPACITY.
Expenses $6,775,879 · Revenue $3,752,388
As filed on the 2022 return.
Listed in Part VII
-
Joanne McGloinJOANNE MCGLOIN
CHAIR
- Total calculated
- $0
- Hours/week
- 0.4 + 3.6 related
-
Bruce TopoloskyBRUCE TOPOLOSKY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Barbara C AdamsBARBARA C ADAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Jacqueline Henchel MDJACQUELINE HENCHEL MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Mary Beth CanavanMARY BETH CANAVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Bernadette DiguilianBERNADETTE DIGUILIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Marjorie FunkMARJORIE FUNK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Patricia A GanunPATRICIA A GANUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Alfred GoldbergALFRED GOLDBERG
DIRECTOR (UNTIL 12/22)
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Rev Thomas JacksonREV THOMAS JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Robert KesslerROBERT KESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.3 related
-
Brandon McFarlaneBRANDON MCFARLANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Michael MorandMICHAEL MORAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Nicholas R Nicholson Jr PhDNICHOLAS R NICHOLSON JR PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Michelle Lee RodriguezMICHELLE LEE RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Harold S SpitzerHAROLD S SPITZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Pamela StantonPAMELA STANTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Len SuzioLEN SUZIO
DIRECTOR (UNTIL 12/22)
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
Brian WnekBRIAN WNEK
DIRECTOR (UNTIL 12/22)
- Total calculated
- $0
- Hours/week
- 0.2 + 1.8 related
-
Steve Wolfson MDSTEVE WOLFSON MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.8 related
-
David V HunterDAVID V HUNTER
PRESIDENT & CEO
- Total calculated
- $351,518
- From this org
- $37,667
- From related orgs
- $263,669
- Other
- $50,182
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $37,667 + $263,669 related
- Bonus
- $0
- Other
- $0
- Deferred
- $3,977 + $27,839 related
- Nontaxable benefits
- $2,296 + $16,070 related
- Filer's total
- $43,940 + $307,578 related
-
William GinterWILLIAM GINTER
CFO
- Total calculated
- $180,074
- From this org
- $19,636
- From related orgs
- $137,448
- Other
- $22,990
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $19,636 + $137,448 related
- Bonus
- $0
- Other
- $0
- Deferred
- $620 + $4,339 related
- Nontaxable benefits
- $2,254 + $15,777 related
- Filer's total
- $22,510 + $157,564 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE CEO IS COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · OPERATES FOR THE BENEFIT OF THE MARY WADE HOME, INC. AND RESIDENCE · CT
-
501(C)(3) · PROVIDES LONG TERM CARE TO THE FRAIL ELDERLY · CT · controlled entity
Directly controlled by MW HEALTHCARE INC
-
501(C)(2) · TITLE HOLDING CORPORATION FOR A NON-FOR-PROFIT CORPORATION · CT · controlled entity
Directly controlled by MW HEALTHCARE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202412289349302041
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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