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Nonprofiteer
← HOME FOR AGED WOMEN INC

Form 990 for tax year 2024

Filed by HOME FOR AGED WOMEN INC.

Totals

Total revenue
$16,974,771
Total expenses
$11,725,749
Contributions and grants received
$436,408
Grants paid
$1,120,320
Program service revenue
$10,786,918
Investment income
$5,114,552
Other revenue
$636,893
Total assets, end of year
$78,850,016
Total liabilities, end of year
$2,767,185
Net assets or fund balances, end of year
$76,082,831
Program services expenses (Part IX)
$8,844,875
Management and general expenses
$2,815,324
Fundraising expenses
$65,550
Program service expenses (Part III)
$8,844,875

Program services were 75.4% 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.

  • 1f · All other contributions, gifts and grants

    $436,408

  • 2a · Program service revenue: NET RESIDENT SERVICE REVENUE

    total $10,786,918 · related or exempt $10,786,918

  • 3 · Investment income

    total $2,044,606 · unrelated business $1,640 · excluded $2,042,966

  • 7a · Gross sales of assets other than inventory

    securities $3,069,946

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

    securities $0

  • 7c · Gain or loss

    securities $3,069,946

  • 7d · Net gain or loss

    total $3,069,946 · excluded $3,069,946

  • 11a · Other revenue: OTHER REVENUE

    total $636,893 · related or exempt $636,893

  • 11e · Other revenue, total

    $636,893

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,101,270 · program services $1,101,270

  • 2 · Grants to domestic individuals

    total $19,050 · program services $19,050

  • 5 · Compensation of officers, directors and key employees

    total $286,284 · program services $186,085 · management and general $85,885 · fundraising $14,314

  • 7 · Other salaries and wages

    total $5,166,754 · program services $4,172,834 · management and general $969,983 · fundraising $23,937

  • 8 · Pension plan contributions

    total $47,061 · management and general $44,708 · fundraising $2,353

  • 9 · Other employee benefits

    total $534,581 · program services $449,109 · management and general $81,153 · fundraising $4,319

  • 10 · Payroll taxes

    total $415,682 · program services $358,257 · management and general $53,581 · fundraising $3,844

  • 11a · Fees: management

    total $630,554 · management and general $630,554

  • 11b · Fees: legal

    total $19,130 · management and general $19,130

  • 11c · Fees: accounting

    total $105,112 · management and general $105,112

  • 11f · Fees: investment management

    total $223,862 · management and general $223,862

  • 12 · Advertising and promotion

    total $195,948 · management and general $195,948

  • 13 · Office expenses

    total $309,986 · management and general $309,986

  • 16 · Occupancy

    total $776,669 · program services $758,883 · management and general $17,786

  • 17 · Travel

    total $4,097 · management and general $4,097

  • 22 · Depreciation, depletion and amortization

    total $557,896 · program services $545,120 · management and general $12,776

  • 23 · Insurance

    total $274,267 · program services $225,510 · management and general $48,757

  • 24a · Other expenses: FOOD

    total $473,924 · program services $473,924

  • 24b · Other expenses: SUPPLIES

    total $269,187 · program services $269,187

  • 24c · Other expenses: RESIDENT ACTIVITIES

    total $152,527 · program services $133,367 · management and general $12,006 · fundraising $7,154

  • 24d · Other expenses: COMMUNITY-BASED PROGRAM

    total $129,884 · program services $129,884

  • 24e · All other expenses

    total $32,024 · program services $22,395 · fundraising $9,629

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,799,665 · end of year $6,886,194

  • 4 · Accounts receivable

    beginning of year $34,348 · end of year $91,012

  • 9 · Prepaid expenses and deferred charges

    beginning of year $176,868 · end of year $264,174

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

    $18,709,508

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

    $10,558,542

  • 10c · Land, buildings and equipment, net

    beginning of year $7,393,878 · end of year $8,150,966

  • 11 · Investments: publicly traded securities

    beginning of year $56,474,831 · end of year $62,107,464

  • 12 · Investments: other securities

    beginning of year $267,745 · end of year $203,934

  • 15 · Other assets

    beginning of year $1,111,120 · end of year $1,146,272

  • 17 · Accounts payable and accrued expenses

    beginning of year $705,867 · end of year $1,029,177

  • 18 · Grants payable

    beginning of year $100,000 · end of year $600,000

  • 19 · Deferred revenue

    beginning of year $1,231,794 · end of year $1,096,389

  • 25 · Other liabilities

    beginning of year $68,890 · end of year $41,619

  • 27 · Net assets without donor restrictions

    beginning of year $51,506,488 · end of year $57,434,292

  • 28 · Net assets with donor restrictions

    beginning of year $17,645,416 · end of year $18,648,539

Mission and programs · 2024

Mission

GODDARD HOUSE EMBRACES THE AGING EXPERIENCE FOR SENIORS LIVING IN THE BOSTON AREA BY OPERATING A HIGH-QUALITY ASSISTED LIVING COMMUNITY AND BY CREATING INNOVATIVE PROGRAMS WHICH SUPPORT OUR NEED FOR PURPOSE, ENGAGEMENT, AUTONOMY, AND CHOICE AS WE AGE.

  • GODDARD HOUSE IN BROOKLINE IS AN ASSISTED LIVING FACILITY WHERE SENIORS FIND THE SERVICES AND SECURITY THEY NEED WITHOUT GIVING UP THE TRADITIONS AND INDEPENDENCE THEY CHERISH. THE ASSISTED LIVING FACILITY CREATES AN ENVIRONMENT WHERE RESIDENTS MAINTAIN THEIR DIGNITY, PRIDE AND INDIVIDUALITY. THE ASSISTED LIVING FACILITY OFFERS 115 BEAUTIFULLY DESIGNED STUDIOS AND ONE AND TWO-BEDROOM APARTMENTS. THESE INCLUDE THE "OLMSTED PLACE" MEMORY-IMPAIRMENT PROGRAM WHICH HAS 44 APARTMENTS. IN 2024, 15% OF THE UNITS OF THE ASSISTED LIVING ARE DEVOTED TO OCCUPANTS WITH BELOW MARKET INCOME.

    Expenses $8,844,875 · Grants $1,120,320 · Revenue $11,423,811

As filed on the 2024 return.

Listed in Part VII

  • Alexandra Schweitzer

    CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Viji Krishnan

    VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • William Van Dorn

    TREASURER/TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Bob Cocks

    ASSISTANT TREASURER/TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Janice Masi

    CLERK/TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Noreen Guanci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Julia D Cox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Anna Xia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Laurie Pascal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mark Caggiano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Curt Tobey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Ivor Cary Armistead III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Linda Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Sarah Leroy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Taisha Hendrickson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Candace L Cramer

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $286,283
    From this org
    $278,349
    From related orgs
    $0
    Other
    $7,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,160
    Bonus
    $5,189
    Other
    $0
    Deferred
    $6,700
    Nontaxable benefits
    $1,234
    Filer's total
    $286,283
  • Deanne Dupont

    ASST TREASURER/TRUSTEE (UNTIL 4/24)

    Total calculated
    $0
    Hours/week
    5
  • Dave Terry

    TRUSTEE (UNTIL 2/24)

    Total calculated
    $0
    Hours/week
    2
  • Lance Chapman

    ASSISTANT EXECUTIVE DIRECTOR

    Total calculated
    $177,444
    From this org
    $171,484
    From related orgs
    $0
    Other
    $5,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,922
    Bonus
    $26,562
    Other
    $0
    Deferred
    $4,087
    Nontaxable benefits
    $1,873
    Filer's total
    $177,444
  • Christine A Nagle

    DIRECTOR OF COMMUNITY PARTNERSHIPS

    Total calculated
    $116,285
    From this org
    $100,844
    From related orgs
    $0
    Other
    $15,441
    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 · Independent compensation consultant
  • 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
THE BONUS AWARDED TO THE PRESIDENT AND CEO WAS RECOMMENDED BY THE COMPENSATION COMMITTEE BUT DETERMINED BY THE BOARD. THE BONUS AWARDED TO THE MARKETING DIRECTOR IS BASED ON PERFORMANCE TOWARD ACHIEVEMENT OF ORGANIZATIONAL GOALS.

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

  • UNIVERSITY OF MASSACHUSETTS AT BOSTON

    $750,000

    TO FUND THE DOANE SCHOLARSHIP PROGRAM FOR STUDENTS OF THE COLLEGE OF NURSING.

  • TO IMPLEMENT AN INNOVATIVE PROGRAM THAT BRINGS MUSIC TO ISOLATED ELDERS IN THE BOSTON COMMUNITY

  • CITY OF BOSTON

    $115,000

    TO IMPLEMENT AN INNOVATIVE CREATIVE AGING PROGRAM THAT BRINGS ARTS LEARNING OPPORTUNITIES TO ISOLATED ELDERS IN GREATER BOSTON.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349306234

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