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Nonprofiteer
← COPLEY WOODLANDS INC

Form 990 for tax year 2023

Filed by COPLEY WOODLANDS INC.

Totals

Total revenue
$1,558,416
Total expenses
$1,500,036
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,548,687
Investment income
$9,729
Other revenue
$0
Total assets, end of year
$3,504,724
Total liabilities, end of year
$154,992
Net assets or fund balances, end of year
$3,349,732
Program services expenses (Part IX)
$989,620
Management and general expenses
$510,416
Fundraising expenses
$0
Program service expenses (Part III)
$989,620

Program services were 66.0% 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.

  • 2a · Program service revenue: SERVICE REVENUE

    total $1,362,371 · related or exempt $1,343,921 · unrelated business $18,450

  • 2b · Program service revenue: RENTAL INCOME

    total $186,316 · related or exempt $186,316

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $9,729 · excluded $9,729

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $538,513 · program services $275,373 · management and general $263,140

  • 8 · Pension plan contributions

    total $3,273 · program services $1,674 · management and general $1,599

  • 9 · Other employee benefits

    total $169,962 · program services $86,911 · management and general $83,051

  • 10 · Payroll taxes

    total $31,761 · program services $16,241 · management and general $15,520

  • 11b · Fees: legal

    total $5,330 · management and general $5,330

  • 11c · Fees: accounting

    total $13,675 · management and general $13,675

  • 11f · Fees: investment management

    total $280 · management and general $280

  • 11g · Fees: other

    total $167,685 · program services $112,264 · management and general $55,421 · fundraising $0

  • 12 · Advertising and promotion

    total $16,205 · management and general $16,205

  • 13 · Office expenses

    total $152,710 · program services $120,508 · management and general $32,202

  • 16 · Occupancy

    total $149,645 · program services $149,645

  • 17 · Travel

    total $13 · program services $13

  • 22 · Depreciation, depletion and amortization

    total $177,915 · program services $177,915

  • 23 · Insurance

    total $27,269 · program services $4,386 · management and general $22,883

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $43,902 · program services $43,902

  • 24b · Other expenses: LICENSES, DUES, SUBSCRIPTION

    total $1,898 · program services $788 · management and general $1,110

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $767 · end of year $800

  • 2 · Savings and temporary cash investments

    beginning of year $943,272 · end of year $891,441

  • 4 · Accounts receivable

    beginning of year $31,294 · end of year $19,745

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $19,141 · end of year $26,207

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,290 · end of year $23,027

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

    $3,052,382

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

    $508,878

  • 10c · Land, buildings and equipment, net

    beginning of year $2,386,559 · end of year $2,543,504

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,862 · end of year $70,670

  • 19 · Deferred revenue

    beginning of year $3,155 · end of year $3,082

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $38,954 · end of year $81,240

  • 27 · Net assets without donor restrictions

    beginning of year $3,291,352 · end of year $3,349,732

Mission and programs · 2023

Mission

TO PROVIDE A SAFE, INDEPENDENT HOUSING COMMUNITY FOR SENIORS; SPECIFICALLY DESIGNED TO MEET THEIR UNIQUE NEEDS FOR WELLNESS, HAPPINESS AND SUPPORT AN INDEPENDENT LIFESTYLE.

Activities or mission (Part I)

TO PROVIDE A SAFE, INDEPENDENT HOUSING COMMUNITY FOR SENIORS.

  • PROVIDE HOUSING, MEALS AND ACTIVITIES FOR SENIOR CITIZENS IN CENTRAL VERMONT. IT HAS 40 UNITS, 37 OF WHICH ARE OCCUPIED, 2 OF WHICH ARE UNOCCUPIED RECEIVING UNOCCUPIED FEES, AND 1 IS EMPTY AT 9/30/24.

    Expenses $989,620 · Revenue $1,530,237

As filed on the 2023 return.

Listed in Part VII

  • Carl Szlachetka

    CHAIR / TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Joseph Woodin

    CEO

    Total calculated
    $571,374
    From this org
    $0
    From related orgs
    $549,417
    Other
    $21,957
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $502,919 related
    Bonus
    $0
    Other
    $0 + $46,498 related
    Deferred
    $0 + $4,910 related
    Nontaxable benefits
    $0 + $17,047 related
    Filer's total
    $0 + $571,374 related

  • Wayne Stockbridge

    CHIEF ADMIN & HR OFFICER

    Total calculated
    $300,312
    From this org
    $0
    From related orgs
    $249,773
    Other
    $50,539
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,340 related
    Bonus
    $0
    Other
    $0 + $31,433 related
    Deferred
    $0 + $8,647 related
    Nontaxable benefits
    $0 + $41,892 related
    Filer's total
    $0 + $300,312 related

  • Adi Barnett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cindy Fuller

    TRUSTEE BEG 12/23 / END 05/24

    Total calculated
    $0
    Hours/week
    1

  • Nan Carle Beauregard

    TRUSTEE BEG 02/24

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sue Gleiner

    TRUSTEE BEG 05/24

    Total calculated
    $0
    Hours/week
    1

  • Tana Lilienthal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Walter Frame

    TRUSTEE END 02/24

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeffrey Hebert

    CFO

    Total calculated
    $272,116
    From this org
    $0
    From related orgs
    $260,707
    Other
    $11,409
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,292 related
    Bonus
    $0
    Other
    $0 + $10,415 related
    Deferred
    $0 + $10,241 related
    Nontaxable benefits
    $0 + $1,168 related
    Filer's total
    $0 + $272,116 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COPLEY HOSPITAL, INC, A RELATED PARTY OF THE ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • HEALTH CENTER BUILDING

    C Corporation · BUILDING RENTAL · VT

    Directly controlled by CHSI

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202532249349300938

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