Form 990 for tax year 2022

Filed by WAKE ROBIN CORP.

Totals

Total revenue: $34,338,892
Total expenses: $31,851,171
Contributions and grants received: $812,768
Grants paid: $0
Program service revenue: $33,028,894
Investment income: $497,230
Other revenue: $0
Total assets, end of year: $131,686,874
Total liabilities, end of year: $154,595,603
Net assets or fund balances, end of year: -$22,908,729
Program services expenses (Part IX): $29,853,632
Management and general expenses: $1,997,539
Fundraising expenses: $0
Program service expenses (Part III): $29,853,632

Program services were 93.7% 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.

1e · Government grants (contributions)

$406,000
1f · All other contributions, gifts and grants

$406,768
2a · Program service revenue: RESIDENT SERVICE FEES

total $17,878,186 · related or exempt $17,878,186
2b · Program service revenue: AMORTIZATION OF ENTRANCE FEE

total $7,185,990 · related or exempt $7,185,990
2c · Program service revenue: HEALTH CARE REVENUE

total $5,487,161 · related or exempt $5,487,161
2d · Program service revenue: TERMINATION FEES

total $1,778,069 · related or exempt $1,778,069
2e · Program service revenue: ANCILLARY REVENUE

total $699,488 · related or exempt $699,488
3 · Investment income

total $644,505 · excluded $644,505
7a · Gross sales of assets other than inventory

securities $4,224,892
7b · Less cost or other basis and sales expenses

securities $4,372,167
7c · Gain or loss

securities -$147,275
7d · Net gain or loss

total -$147,275 · excluded -$147,275

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $332,190 · program services $172,332 · management and general $159,858
7 · Other salaries and wages

total $5,859,593 · program services $5,512,660 · management and general $346,933
8 · Pension plan contributions

total $189,045 · program services $175,306 · management and general $13,739
9 · Other employee benefits

total $7,724,670 · program services $7,095,179 · management and general $629,491
10 · Payroll taxes

total $847,744 · program services $778,628 · management and general $69,116
11b · Fees: legal

total $90,941 · management and general $90,941
11c · Fees: accounting

total $46,987 · management and general $46,987
11f · Fees: investment management

total $164,441 · management and general $164,441
11g · Fees: other

total $441,771 · program services $406,350 · management and general $35,421
12 · Advertising and promotion

total $35,578 · program services $35,578
13 · Office expenses

total $843,652 · program services $826,491 · management and general $17,161
14 · Information technology

total $93,053 · management and general $93,053
16 · Occupancy

total $4,128,869 · program services $3,883,948 · management and general $244,921
20 · Interest

total $3,221,547 · program services $3,206,735 · management and general $14,812
22 · Depreciation, depletion and amortization

total $5,821,314 · program services $5,794,553 · management and general $26,761
23 · Insurance

total $432,366 · program services $430,378 · management and general $1,988
24a · Other expenses: DINING

total $1,468,821 · program services $1,426,905 · management and general $41,916
24b · Other expenses: NURSE/THERAPY/ANCILLARY

total $108,589 · program services $108,589

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,700 · end of year $1,700
2 · Savings and temporary cash investments

beginning of year $15,648,915 · end of year $7,136,341
4 · Accounts receivable

beginning of year $373,577 · end of year $666,447
8 · Inventories for sale or use

beginning of year $29,850 · end of year $31,388
9 · Prepaid expenses and deferred charges

beginning of year $247,105 · end of year $515,715
10a · Land, buildings and equipment: cost or other basis

$156,667,816
10b · Land, buildings and equipment: accumulated depreciation

$69,670,579
10c · Land, buildings and equipment, net

beginning of year $89,185,084 · end of year $86,997,237
11 · Investments: publicly traded securities

beginning of year $32,139,915 · end of year $36,338,046
17 · Accounts payable and accrued expenses

beginning of year $2,295,580 · end of year $2,594,367
19 · Deferred revenue

beginning of year $65,655,781 · end of year $65,469,572
20 · Tax-exempt bond liabilities

beginning of year $85,661,967 · end of year $81,047,967
25 · Other liabilities

beginning of year $5,145,545 · end of year $5,483,697
27 · Net assets without donor restrictions

beginning of year -$26,602,876 · end of year -$27,786,686
28 · Net assets with donor restrictions

beginning of year $5,470,149 · end of year $4,877,957

Mission and programs · 2022

Mission

ESTABLISH A SUSTAINABLE DYNAMIC COMMUNITY OF SENIORS THAT HONORS BOTH MUTUAL SUPPORT AND INDEPENDENCE AND ADDRESSES THE HEALTH AND WELLNESS OF EACH RESIDENT.

Activities or mission (Part I)

TO ESTABLISH, OWN, AND MAINTAIN CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES FOR THE ELDERLY

WAKE ROBIN HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH AND OWN A SUSTAINABLE AND DYNAMIC LIFE PLAN COMMUNITY (ALSO KNOWN AS A CONTINUING CARE RETIREMENT COMMUNITY) FOR OLDER ADULTS THAT HONORS BOTH MUTUAL SUPPORT AND INDEPENDENCE AND ADDRESSES THE HEALTH AND WELLNESS OF EACH RESIDENT. WAKE ROBIN EMBODIES A "RESIDENT DRIVEN" COMMUNITY LIFE, IN WHICH RESIDNTS CAN BE AS ENGAGED AS THEY WANT TO BE BOTH WITHIN AND OUTSIDE OF WAKE ROBIN. WAKE ROBIN PROVIDES RESIDENTS WITH HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY AND OTHER ANCILLARY SERVICES TO THE SENIOR RESIDENTS. WAKE ROBIN IS COMMITTED TO LIVING OUR CORE VALUES OF COMMUNITY, BALANCE, DIFFERENCE, ENVIRONMENTAL STEWARDSHIP, AND HUMOR. CONTINUED ON SCHEDULE O.THE SINGLE SITE COMMUNITY OFFERS 250 INDEPENDENT LIVING HOMES AND 98 HOMES IN THE LINDEN HEALTH CENTER (41 RESIDENTIAL CARE HOMES, 39 SKILLED NURSING HOMES AND 18 MEMORY CARE). AT DECEMBER 31, 2022, THE COMMUNITY HOUSED APPROXIMATELY 322 RESIDENTS IN INDEPENDENT HOMES AND 78 RESIDENTS IN THE HEALTH CENTER. WAKE ROBIN ALSO PROVIDES BENEVOLENCE ASSISTANCE FOR ITS RESIDENTS WHO, THROUGH NO FAULT OF THEIR OWN, HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. WAKE ROBIN WAS FINANCIALLY IMPACTED BY COVID-19. EXPENSES INCREASED AND RESIDENT ACTIVITY DECREASED. CERTAIN REVENUE STREAMS WERE NEGATIVELY IMPACTED, AND ADDITIONAL COSTS WERE SPENT FOR DISEASE CONTROL, PERSONAL PROTECTIVE EQUIPMENT, CLEANING SUPPLIES AND WORKFORCE WAGES. FUNDING MADE AVAILABLE THROUGH THE CARES ACT AND CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) WAS UTILIZED FOR ELIGIBLE EXPENDITURES.

Expenses $29,853,632 · Revenue $33,028,894

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

John MaitlandJOHN MAITLAND

CHAIR

Total calculated

$0

Hours/week

1 + 1 related
Arthur WrightARTHUR WRIGHT

VICE-CHAIR

Total calculated

$0

Hours/week

1 + 1 related
Tara BanksTARA BANKS

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Sarah Billings-BergSARAH BILLINGS-BERG

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Dolly FlemingDOLLY FLEMING

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Janice Gallant MDJANICE GALLANT MD

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Rosalyn GrahamROSALYN GRAHAM

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Katie HawleyKATIE HAWLEY

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Joan LenesJOAN LENES

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Steve SchonbergSTEVE SCHONBERG

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Sarah TischlerSARAH TISCHLER

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Bill TruexBILL TRUEX

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Sarah WebsterSARAH WEBSTER

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Brigette WhiteBRIGETTE WHITE

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Martha MaksymMARTHA MAKSYM

CEO & PRESIDENT

Total calculated

$161,402

From this org

$156,976

From related orgs

$0

Other

$4,426

Hours/week

40

Schedule J breakdown matched by us

Base

$155,432

Bonus

$0

Other

$1,544

Deferred

$2,000

Nontaxable benefits

$2,426

Filer's total

$161,402
Marysue KelsenMARYSUE KELSEN

CFO, SECRETARY & TREASURER

Total calculated

$191,164

From this org

$165,527

From related orgs

$0

Other

$25,637

Hours/week

40

Schedule J breakdown matched by us

Base

$146,695

Bonus

$7,200

Other

$11,632

Deferred

$2,000

Nontaxable benefits

$23,637

Filer's total

$191,164
Meagan BuckleyMEAGAN BUCKLEY

DIRECTOR OF HEALTH SERVICES

Total calculated

$192,049

From this org

$183,260

From related orgs

$0

Other

$8,789

Hours/week

40

Schedule J breakdown matched by us

Base

$162,018

Bonus

$19,200

Other

$2,042

Deferred

$2,000

Nontaxable benefits

$6,789

Filer's total

$192,049
Leslie ParkerLESLIE PARKER

DIRECTOR OF ENVIRONMENTAL

Total calculated

$153,920

From this org

$141,755

From related orgs

$0

Other

$12,165

Hours/week

40

Schedule J breakdown matched by us

Base

$133,409

Bonus

$7,200

Other

$1,146

Deferred

$2,000

Nontaxable benefits

$10,165

Filer's total

$153,920
Kate HayesKATE HAYES

DIRECTOR OF FOOD SERVICES

Total calculated

$139,095

From this org

$126,930

From related orgs

$0

Other

$12,165

Hours/week

40
Ten TsepalTEN TSEPAL

REGISTERED NURSE

Total calculated

$137,505

From this org

$125,122

From related orgs

$0

Other

$12,383

Hours/week

40
Marybeth DudleyMARYBETH DUDLEY

DIRECTOR OF MARKETING

Total calculated

$135,645

From this org

$123,522

From related orgs

$0

Other

$12,123

Hours/week

40

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

3 · Compensation committee
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7: DIRECTOR LEVEL BONUSES ARE DISCRETIONARY NON-FIXED PAYMENTS. THE BONUS IS INCLUDED IN EACH EMPLOYEE'S W-2 COMPENSATION. BONUSES ARE DETERMINED BY THE CEO AND APPROVED BY THE BOARD OF DIRECTORS. THE CEO BONUS IS DETERMINED IN LINE WITH THE OTHER DISCRETIONARY BONUSES, BUT IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THE FOLLOWING EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A RECEIVED A BONUS IN 2022: MEAGAN BUCKLEY, DIRECTOR OF HEALTH SERVICE - $19,200 MARYBETH DUDLEY, DIRECTOR - $7,200 MARYSUE KELSEN, CFO, SECRETARY & TREASURER - $7,200 LESLIE PARKER, DIRECTOR OF ENVIRONMENTAL - $7,200 KATE HAYES, DIRECTOR OF FOOD SERVICES - $6,600

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.

THE WAKE ROBIN GROUP INC

501(C)(3) · SUPPORT THE CHARITABLE PURPOSES AND ACTIVITIES OF WAKE ROBIN CORPORATION · VT · controlled entity

Directly controlled by WAKE ROBIN CORPORATION

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

WAKE ROBIN MANAGEMENT LLC

MANAGEMENT SERVICES TO SENIOR LIVING FACILITY · VT · income $0 · assets $0

Directly controlled by WAKE ROBIN CORPORATION

Provenance

Return type: form_990
Tax year: 2022
Filed: 23 August 2023
IRS schema version: 2022v5.0
Source object: 202342419349300319

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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