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Nonprofiteer
← ACTIVE RETIREMENT COMMUNITY INC

Form 990 for tax year 2024

Filed by ACTIVE RETIREMENT COMMUNITY INC.

Totals

Total revenue
$47,345,672
Total expenses
$44,714,504
Contributions and grants received
$634,279
Grants paid
$147,240
Program service revenue
$41,231,833
Investment income
$4,044,584
Other revenue
$1,434,976
Total assets, end of year
$212,429,077
Total liabilities, end of year
$248,044,723
Net assets or fund balances, end of year
-$35,615,646
Program services expenses (Part IX)
$40,723,230
Management and general expenses
$3,991,274
Fundraising expenses
$0
Program service expenses (Part III)
$40,723,230

Program services were 91.1% 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

    $634,279

  • 2a · Program service revenue: RESIDENTIAL & HC SVCS

    total $39,975,815 · related or exempt $39,975,815

  • 2b · Program service revenue: MEDICARE/MEDICAID PAYMENTS

    total $1,256,018 · related or exempt $1,256,018

  • 3 · Investment income

    total $2,868,116 · excluded $2,868,116

  • 7a · Gross sales of assets other than inventory

    securities $15,724,517

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

    securities $14,435,631 · other assets $112,418

  • 7c · Gain or loss

    securities $1,288,886 · other assets -$112,418

  • 7d · Net gain or loss

    total $1,176,468 · excluded $1,176,468

  • 11a · Other revenue: S. SETAUKET RE TAX REIM

    total $775,144 · excluded $775,144

  • 11b · Other revenue: CAFE/DINING

    total $220,558 · excluded $220,558

  • 11c · Other revenue: INSURANCE REIMBURSEMENT

    total $200,011 · excluded $200,011

  • 11d · All other revenue

    total $239,263 · excluded $239,263

  • 11e · Other revenue, total

    $1,434,976

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,070 · program services $39,070

  • 2 · Grants to domestic individuals

    total $108,170 · program services $108,170

  • 5 · Compensation of officers, directors and key employees

    total $1,271,568 · program services $1,271,568

  • 7 · Other salaries and wages

    total $13,597,450 · program services $11,044,784 · management and general $2,552,666

  • 8 · Pension plan contributions

    total $598,906 · program services $598,906

  • 9 · Other employee benefits

    total $2,400,022 · program services $2,389,647 · management and general $10,375

  • 10 · Payroll taxes

    total $1,085,320 · program services $929,012 · management and general $156,308

  • 11b · Fees: legal

    total $51,850 · management and general $51,850

  • 11c · Fees: accounting

    total $117,875 · management and general $117,875

  • 11d · Fees: lobbying

    total $2,006 · management and general $2,006

  • 11f · Fees: investment management

    total $204,000 · management and general $204,000

  • 11g · Fees: other

    total $4,724,593 · program services $4,488,132 · management and general $236,461

  • 12 · Advertising and promotion

    total $188,253 · program services $188,253

  • 13 · Office expenses

    total $3,984,431 · program services $3,946,149 · management and general $38,282

  • 14 · Information technology

    total $449,812 · program services $81,576 · management and general $368,236

  • 16 · Occupancy

    total $4,220,305 · program services $4,157,489 · management and general $62,816

  • 17 · Travel

    total $72,011 · program services $72,011

  • 20 · Interest

    total $3,177,995 · program services $3,142,443 · management and general $35,552

  • 22 · Depreciation, depletion and amortization

    total $7,297,807 · program services $7,219,381 · management and general $78,426

  • 23 · Insurance

    total $73,263 · program services $73,263

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $480,321 · program services $480,321

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $148,866 · program services $148,866

  • 24c · Other expenses: MISCELLANEOUS

    total $98,929 · program services $98,929

  • 24d · Other expenses: LICENSES & FEES

    total $93,283 · program services $16,862 · management and general $76,421

  • 24e · All other expenses

    total $228,398 · program services $228,398

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,971,938 · end of year $20,474,019

  • 2 · Savings and temporary cash investments

    beginning of year $571,340 · end of year $102,206

  • 4 · Accounts receivable

    beginning of year $909,256 · end of year $966,225

  • 7 · Other notes and loans receivable

    beginning of year $10,004 · end of year $1,532

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,170,605 · end of year $828,343

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

    $205,455,973

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

    $88,918,323

  • 10c · Land, buildings and equipment, net

    beginning of year $117,024,115 · end of year $116,537,650

  • 11 · Investments: publicly traded securities

    beginning of year $70,840,657 · end of year $70,961,549

  • 13 · Investments: program-related

    beginning of year $1,973,716 · end of year $1,705,609

  • 15 · Other assets

    beginning of year $85,827 · end of year $851,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,752,404 · end of year $9,036,237

  • 19 · Deferred revenue

    beginning of year $36,527,026 · end of year $38,225,315

  • 20 · Tax-exempt bond liabilities

    beginning of year $86,258,129 · end of year $84,630,203

  • 25 · Other liabilities

    beginning of year $112,777,822 · end of year $116,152,968

  • 27 · Net assets without donor restrictions

    beginning of year -$41,077,952 · end of year -$36,538,181

  • 28 · Net assets with donor restrictions

    beginning of year $1,320,029 · end of year $922,535

Mission and programs · 2024

Mission

JEFFERSON'S FERRY IS COMMITTED TO SERVING OLDER ADULTS BY PROVIDING AN ACTIVE LIFESTYLE WITHIN AN ALL-INCLUSIVE LIFECARE RETIREMENT COMMUNITY. (CONTINUED ON SCHEDULE O)THE LIFECARE CONCEPT PROMOTES DIGNITY, PRIVACY, INDIVIDUALITY AND INDEPENDENCE FOR EACH RESIDENT. THIS IS ACCOMPLISHED THROUGH A CARING ENVIRONMENT WITH CONCERNED STAFF PROVIDING SECURITY AND PEACE OF MIND THROUGH A FOCUS ON RESIDENT SERVICE.

Activities or mission (Part I)

PROVIDING LONG-TERM CONTINUING CARE

  • ACTIVE RETIREMENT COMMUNITY, INC., DOING BUSINESS AS JEFFERSON'S FERRY, WAS ESTABLISHED IN 2001 WITH THE MISSION OF SERVING OLDER ADULTS BY OFFERING AN ACTIVE, ENGAGING LIFESTYLE WITHIN A COMPREHENSIVE LIFECARE RETIREMENT COMMUNITY. THE LIFECARE MODEL FOSTERS DIGNITY, PRIVACY, INDIVIDUALITY, AND INDEPENDENCE FOR EVERY RESIDENT. THIS MISSION IS FULFILLED THROUGH A SUPPORTIVE AND CARING ENVIRONMENT, DELIVERED BY DEDICATED STAFF WHO PROVIDE EXCEPTIONAL SERVICE, A SENSE OF SECURITY, AND PEACE OF MIND.(CONTINUED ON SCHEDULE O)IN RECENT YEARS, JEFFERSON'S FERRY HAS ENHANCED ITS FOCUS ON RESIDENT HEALTH, WELLNESS, AND PHYSICAL ACTIVITY THROUGH A RANGE OF NEW INITIATIVES. THE ORGANIZATION HAS EXPANDED ITS DINING VENUES AND INCREASED THE NUMBER OF RESIDENTIAL HOMES ON CAMPUS TO MEET GROWING DEMAND. SIGNIFICANT IMPROVEMENTS WERE ALSO MADE TO COMMON AREAS, ASSISTED LIVING, AND SKILLED NURSING SETTINGS TO CREATE A MORE HOMELIKE NEIGHBORHOOD ENVIRONMENT. ADDITIONALLY, JEFFERSON'S FERRY INTRODUCED ASSISTED LIVING MEMORY SUPPORT SERVICES TO BETTER MEET THE EVOLVING NEEDS OF ITS RESIDENTS.

    Expenses $40,723,230 · Grants $147,240 · Revenue $41,231,833

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Caulfield

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $915,719
    From this org
    $722,884
    From related orgs
    $0
    Other
    $192,835
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $612,384
    Bonus
    $110,500
    Other
    $0
    Deferred
    $138,074
    Nontaxable benefits
    $54,761
    Filer's total
    $915,719

  • Gloria Snyder

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • James Danowski

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Wayne Shattes

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • John Sini

    TREASURER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Wendy Darwell

    MEMBER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Kim Kubasek

    MEMBER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Debra Engelhardt

    MEMBER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Kenneth Roberts

    MEMBER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Lawrence Davidow Esq

    MEMBER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Brian Amtmann

    CHIEF FINANCIAL OFFICER

    Total calculated
    $355,850
    From this org
    $328,946
    From related orgs
    $0
    Other
    $26,904
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $310,176
    Bonus
    $18,770
    Other
    $0
    Deferred
    $21,056
    Nontaxable benefits
    $5,848
    Filer's total
    $355,850

  • Anthony Comerford

    VP OF HEALTH SERVICES

    Total calculated
    $330,839
    From this org
    $306,677
    From related orgs
    $0
    Other
    $24,162
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $291,537
    Bonus
    $15,140
    Other
    $0
    Deferred
    $19,205
    Nontaxable benefits
    $4,957
    Filer's total
    $330,839

  • Christopher Adamo

    VP OF HOSPITALITY SERVICES

    Total calculated
    $299,001
    From this org
    $242,080
    From related orgs
    $0
    Other
    $56,921
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $228,710
    Bonus
    $13,370
    Other
    $0
    Deferred
    $16,113
    Nontaxable benefits
    $40,808
    Filer's total
    $299,001

  • Elissa Gargone

    VP OF MARKETING

    Total calculated
    $264,160
    From this org
    $215,479
    From related orgs
    $0
    Other
    $48,681
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,479
    Bonus
    $5,000
    Other
    $0
    Deferred
    $10,152
    Nontaxable benefits
    $38,529
    Filer's total
    $264,160

  • Michele Berti

    VP OF HUMAN RESOURCES

    Total calculated
    $221,072
    From this org
    $202,437
    From related orgs
    $0
    Other
    $18,635
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,857
    Bonus
    $11,580
    Other
    $0
    Deferred
    $13,006
    Nontaxable benefits
    $5,629
    Filer's total
    $221,072

  • Linda Kolakowski

    VP OF RESIDENT SERVICES

    Total calculated
    $231,379
    From this org
    $182,242
    From related orgs
    $0
    Other
    $49,137
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,542
    Bonus
    $11,700
    Other
    $0
    Deferred
    $12,203
    Nontaxable benefits
    $36,934
    Filer's total
    $231,379

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
THE FOLLOWING RECIEVED CONTRIBUTION/DEFERRAL FOR THE CURRENT YEAR: ROBERT CAULFIELD - $93,000
PART I, LINE 7
BONUS STRUCTURE FOR THE CEO, HEALTH CENTER ADMINISTRATOR AND CFO: THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES ALL BONUSES FOR THE OFFICERS AND OTHER KEY EXECUTIVES. THE KEY FACTORS THAT DETERMINE THE BONUS ARE: BENEFIT TO THE ORGANIZATION OF THE EMPLOYEES, EMPLOYEE'S PERFORMANCE AND PRODUCTIVITY, OVERALL PERFORMANCE AND PRODUCTIVITY OF THE ORGANIZATION AND THE EMPLOYEE'S ADMINISTRATIVE PERFORMANCE AND OTHER MARKET CONDITIONS. BONUSES REPORTED ON SCHEDULE J REFLECT BONUSES EARNED AND PAID IN 2024.

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

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.

Disregarded entities

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

  • SOUTH SETAUKET ILU LLC

    REAL ESTATE HOLDING COMPANY · NY · income $775,144 · assets $7,620

    Directly controlled by ACTIVE RETIREMENT COMMUNITY INC

Related corporations and trusts

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

  • CHARITABLE REMAINDER ANNUITY TRUSTS (4)

    T · ANNUITY TRUST · NY

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202532879349300243

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