Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $335,061 · excluded $335,061

• 7a · Gross sales of assets other than inventory

  securities $15,749,975

• 7b · Less cost or other basis and sales expenses

  securities $15,747,976

• 7c · Gain or loss

  securities $1,999

• 7d · Net gain or loss

  total $1,999 · excluded $1,999

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $299,846 · management and general $299,846

• 8 · Pension plan contributions

  total $5,374 · management and general $5,374

• 10 · Payroll taxes

  total $6,087 · management and general $6,087

• 11b · Fees: legal

  total $78,600 · management and general $78,600

• 11f · Fees: investment management

  total $13,014 · management and general $13,014

• 11g · Fees: other

  total $1,167 · management and general $1,167

• 13 · Office expenses

  total $186 · management and general $186

• 17 · Travel

  total $159 · management and general $159

• 19 · Conferences, conventions and meetings

  total $149 · management and general $149

• 24a · Other expenses: REFRESHMENTS

  total $316 · management and general $316

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $212,469 · end of year $296,666

• 10a · Land, buildings and equipment: cost or other basis

  $4,801,654

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $4,800,000 · end of year $4,801,654

• 11 · Investments: publicly traded securities

  beginning of year $17,583,350 · end of year $16,495,099

• 15 · Other assets

  beginning of year $15,469,068 · end of year $18,726,131

• 27 · Net assets without donor restrictions

  beginning of year $38,064,887 · end of year $40,319,550

The filer's explanations (Part III)

PART I, LINE 3

THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION ARE PAID BY GOODWIN HOUSE INCORPORATED, A RELATED TAX EXEMPT ORGANIZATION. GOODWIN HOUSE INCORPORATED USES A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPARATIVE COMPENSATION STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. WE ALSO PURCHASED A PRODUCT THAT ALLOWS US TO BENCHMARK THE MARKET. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS AN ANNUAL REVIEW OF THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT AND CEO; RESULTS OF THE PERFORMANCE REVIEW AND WAGE ANALYSIS ARE SHARED WITH THE FULL BOARD, AND THE BOARD OF TRUSTEES ESTABLISHES THE COMPENSATION OF THE PRESIDENT AND CEO BASED ON THE DATA PRESENTED. ON A REGULAR (NOT ANNUAL) BASIS, AN OUTSIDE CONSULTANT IS RETAINED TO EVALUATE THE WAGES OF OTHER KEY EMPLOYEES, SUCH AS WAGES OF THE CFO, COO, CHIEF PHILANTHROPY OFFICER, CHIEF PEOPLE OFFICER, CHIEF BUSINESS DEVELOPMENT OFFICER, AND CHIEF MARKETING & STRATEGY OFFICER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025.

PART I, LINE 4B

THE ORGANIZATION SPONSORS ELIGIBLE DEFERRED COMPENSATION PLANS UNDER SECTIONS 457(B) AND 457(F). THESE PLANS ARE INTENDED TO BE TOP HAT PLANS UNDER SECTION 201(2) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974. THE ORGANIZATION CONTRIBUTED $80,000 AND $128,333 TO THE SECTION 457 PLANS FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND 2024, RESPECTIVELY. THE ORGANIZATION MAINTAINED A 457(F) NONQUALIFIED RETIREMENT PLAN. DURING CALENDAR YEAR 2024, DISTRIBUTIONS WERE MADE TO THE FOLLOWING INDIVIDUALS FROM THE PLAN: ROBERT LIEBREICH: $37,914 LINDALYN HUTTER: $17,429

PART I, LINE 5

A RELATED ORGANIZATION, GOODWIN HOUSE INCORPORATED, HAS IN PLACE A SUPPLEMENTAL COMPENSATION PLAN FOR ITS EXECUTIVE LEADERSHIP TEAM. AWARDS MADE UNDER THIS PLAN ARE BASED ON THE ATTAINMENT OF A NUMBER OF ORGANIZATIONAL GOALS, BOTH QUANTITATIVE AND QUALITATIVE. AMONG THESE GOALS ARE FINANCIAL TARGETS RELATED TO THE ACHIEVEMENT OF PLANNED LEVELS OF MANAGEMENT-CONTROLLABLE REVENUES AND EXPENSES. FUNDRAISING REVENUE IS NOT INCLUDED IN THE FINANCIAL TARGETS.

PART I, LINE 6

THE MEETING OF BUDGETED OUTCOMES IS INCLUDED IN THE GOALS AND IMPACTS THE BONUS AMOUNT AWARDED.

PART I, LINE 7

NONFIXED PAYMENTS INCLUDE COMPENSATION BASED ON BOARD APPROVED INCENTIVE COMPENSATION PLAN.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GOODWIN HOUSE COMMUNITY SERVICES

  C · MGMT SERVICES TO NON-PROFIT RETIREMENT COMMUNITIES · VA

  Directly controlled by GOODWIN HOUSE INCORPORATED