Totals
- Total revenue
- $14,364,862
- Total expenses
- $10,329,368
- Contributions and grants received
- $224,920
- Grants paid
- $413,740
- Program service revenue
- $10,246,439
- Investment income
- $3,359,628
- Other revenue
- $533,875
- Total assets, end of year
- $71,258,455
- Total liabilities, end of year
- $2,106,551
- Net assets or fund balances, end of year
- $69,151,904
- Program services expenses (Part IX)
- $7,495,323
- Management and general expenses
- $2,768,927
- Fundraising expenses
- $65,118
- Program service expenses (Part III)
- $7,495,323
Program services were 72.6% 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
$224,920
-
2a · Program service revenue: NET RESIDENT SERVICE REVENUE
total $10,246,439 · related or exempt $10,246,439
-
3 · Investment income
total $1,292,582 · unrelated business $5,187 · excluded $1,287,395
-
7a · Gross sales of assets other than inventory
securities $2,067,046
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $2,067,046
-
7d · Net gain or loss
total $2,067,046 · excluded $2,067,046
-
11a · Other revenue: OTHER REVENUE
total $533,875 · related or exempt $533,875
-
11e · Other revenue, total
$533,875
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $394,540 · program services $394,540
-
2 · Grants to domestic individuals
total $19,200 · program services $19,200
-
5 · Compensation of officers, directors and key employees
total $270,884 · program services $176,075 · management and general $81,265 · fundraising $13,544
-
7 · Other salaries and wages
total $4,673,819 · program services $3,628,286 · management and general $1,019,985 · fundraising $25,548
-
8 · Pension plan contributions
total $41,322 · management and general $39,256 · fundraising $2,066
-
9 · Other employee benefits
total $521,916 · program services $424,710 · management and general $93,208 · fundraising $3,998
-
10 · Payroll taxes
total $388,566 · program services $322,156 · management and general $63,089 · fundraising $3,321
-
11a · Fees: management
total $613,888 · management and general $613,888
-
11b · Fees: legal
total $998 · management and general $998
-
11c · Fees: accounting
total $104,572 · management and general $104,572
-
11f · Fees: investment management
total $218,208 · management and general $218,208
-
12 · Advertising and promotion
total $175,282 · management and general $175,282
-
13 · Office expenses
total $271,555 · management and general $271,555
-
16 · Occupancy
total $798,262 · program services $779,982 · management and general $18,280
-
17 · Travel
total $1,569 · management and general $1,569
-
22 · Depreciation, depletion and amortization
total $540,804 · program services $528,420 · management and general $12,384
-
23 · Insurance
total $268,534 · program services $214,855 · management and general $53,679
-
24a · Other expenses: FOOD
total $481,498 · program services $481,498
-
24b · Other expenses: SUPPLIES
total $255,286 · program services $255,286
-
24c · Other expenses: RESIDENT ACTIVITIES
total $180,716 · program services $162,366 · management and general $1,709 · fundraising $16,641
-
24d · Other expenses: COMMUNITY-BASED PROGRAM
total $95,543 · program services $95,543
-
24e · All other expenses
total $12,406 · program services $12,406
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,317,424 · end of year $5,799,665
-
4 · Accounts receivable
beginning of year $75,200 · end of year $34,348
-
9 · Prepaid expenses and deferred charges
beginning of year $116,557 · end of year $176,868
-
10a · Land, buildings and equipment: cost or other basis
$17,394,524
-
10b · Land, buildings and equipment: accumulated depreciation
$10,000,646
-
10c · Land, buildings and equipment, net
beginning of year $7,336,676 · end of year $7,393,878
-
11 · Investments: publicly traded securities
beginning of year $48,070,998 · end of year $56,474,831
-
12 · Investments: other securities
beginning of year $349,206 · end of year $267,745
-
15 · Other assets
beginning of year $1,041,691 · end of year $1,111,120
-
17 · Accounts payable and accrued expenses
beginning of year $785,197 · end of year $705,867
-
18 · Grants payable
beginning of year $200,000 · end of year $100,000
-
19 · Deferred revenue
beginning of year $987,636 · end of year $1,231,794
-
25 · Other liabilities
beginning of year $95,798 · end of year $68,890
-
27 · Net assets without donor restrictions
beginning of year $44,579,035 · end of year $51,506,488
-
28 · Net assets with donor restrictions
beginning of year $15,660,086 · end of year $17,645,416
Mission and programs · 2023
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 2023, 15% OF THE UNITS OF THE ASSISTED LIVING ARE DEVOTED TO OCCUPANTS WITH BELOW MARKET INCOME.
Expenses $7,495,323 · Grants $413,740 · Revenue $10,780,314
As filed on the 2023 return.
Listed in Part VII
-
Alexandra SchweitzerALEXANDRA SCHWEITZER
CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Viji KrishnanVIJI KRISHNAN
VICE CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
William Van DornWILLIAM VAN DORN
TREASURER/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Deanne DupontDEANNE DUPONT
ASSISTANT TREASURER/TRUSTE
- Total calculated
- $0
- Hours/week
- 5
-
Janice MasiJANICE MASI
CLERK/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Noreen GuanciNOREEN GUANCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Julia D CoxJULIA D COX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Anna XiaANNA XIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Laurie PascalLAURIE PASCAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mark CaggianoMARK CAGGIANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Curt TobeyCURT TOBEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ivor Cary Armistead IIIIVOR CARY ARMISTEAD III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Linda ThompsonLINDA THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dave TerryDAVE TERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bob CocksBOB COCKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Candace L CramerCANDACE L CRAMER
CHIEF EXECUTIVE OFFICER
- Total calculated
- $270,885
- From this org
- $264,116
- From related orgs
- $0
- Other
- $6,769
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $259,103
- Bonus
- $5,013
- Other
- $0
- Deferred
- $5,863
- Nontaxable benefits
- $906
- Filer's total
- $270,885
-
Sarah LeroySARAH LEROY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Taisha HendricksonTAISHA HENDRICKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lance ChapmanLANCE CHAPMAN
ASSISTANT EXECUTIVE DIRECTOR
- Total calculated
- $163,554
- From this org
- $157,443
- From related orgs
- $0
- Other
- $6,111
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,034
- Bonus
- $25,409
- Other
- $0
- Deferred
- $3,688
- Nontaxable benefits
- $2,423
- Filer's total
- $163,554
-
Josephine HoeyJOSEPHINE HOEY
DIRECTOR OF BUSINESS ADMINISTRATION
- Total calculated
- $105,591
- From this org
- $100,908
- From related orgs
- $0
- Other
- $4,683
- 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
-
$214,540
TO IMPLEMENT AN INNOVATIVE PROGRAM THAT BRINGS MUSIC TO ISOLATED ELDERS IN THE BOSTON COMMUNITY
-
CITY OF BOSTON
$180,000
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
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413179349308241
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