Berkeley Retirement Home FY2022 filing

Tax-deductible

Lawrence, MA501(c)(3)EIN 04-2104374Revenue $3.0M in FY2022

On file with the IRSberkretirement.com150 Berkeley St, 01841-1224 · Lawrence, MATax-exempt since Jul 1942Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

Dedicated to the excellence of care, the maintenance & restoration of health & holistic wellness.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $154K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$492K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+9% vs prior year
Spent
$3.1M
To programs
85%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$3.0M
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.7M
FY2022$3.0M
FY2023$3.6M
FY2024$3.4M
Expenses
$3.1M
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$3.1M
FY2022$3.1M
FY2023$3.4M
FY2024$3.9M
Net assets
$1.2M
FY2022▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.5M
FY2022$1.2M
FY2023$1.4M
FY2024$854K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.7M Management & general 15% · $468K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

20 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrator
$124,502Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Clerk/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Rory Blinn$124,502$86,089—
Charles Carrozza——$107,393

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Berkeley Retirement Home executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes excellent care, health restoration, and holistic wellness.

Questions for Berkeley Retirement Home

Tap to ask. Berkeley Retirement Home sees how many people are interested.

Your first name shows with your question. Berkeley Retirement Home answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $2.7M · in their own filed words · FY2022
01

Skilled Nursing Facility and Retirement Home

The Berkeley Retirement Home, Inc. is dedicated to the excellence of care, the maintenance and restoration of health, the promotion of holistic wellness, the relief of suffering and the belief in the fullness of life and the dignity of the individual through the operation of a 44-bed nursing and retirement home in Lawrence, Massachusetts.

$2.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$5

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$3.0M
Other incomeLn 4–11$22K
Investment incomeLn 3$1K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.7M
Managementcol C$468K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$1.7M
LiabilitiesLn 26$492K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$515
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$1K
Other incomeLn 4–11$22K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
InvestmentsLn 11–13$864K
Land, buildings, equipmentLn 10c$546K
Total assetsLn 16$1.7M
LiabilitiesLn 26$492K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 580
VolunteersI 676
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$86K$42K
InvestmentsLn 11–13$1.1M$864K
Land, buildings, equipmentLn 10c$640K$546K
Total assetsLn 16$2.0M$1.7M
LiabilitiesLn 26$558K$492K
Net assetsLn 32$1.5M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$125K$0$125K$0
Other salaries and wagesLn 7$1.8M$1.7M$100K$0
Other employee benefitsLn 9$156K$138K$18K$0
Payroll taxesLn 10$157K$139K$18K$0
Accounting feesLn 11c$23K$0$23K$0
Investment management feesLn 11f$9K$0$9K$0
Advertising and promotionLn 12$2K$0$2K$0
Office expensesLn 13$69K$0$69K$0
Information technologyLn 14$10K$0$10K$0
OccupancyLn 16$113K$113K$0$0
InterestLn 20$3K$0$3K$0
Depreciation, depletion and amortizationLn 22$98K$98K$0$0
InsuranceLn 23$88K$34K$54K$0
Other expenses (24a–d)Ln 24$382K$382K$0$0
All other expensesLn 24e$124K$87K$37K$0
Total functional expensesLn 25$3.1M$2.7M$468K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.4M$3.9M−$504K$854K 990 PDF
FY2023 $3.6M$3.4M$191K$1.4M 990 PDF
FY2022 Viewing $3.0M$3.1M−$156K$1.2M 990 PDF
FY2021 $2.7M$3.1M−$365K$1.5M 990 PDF
FY2020 $3.1M$3.1M$63K$1.8M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $2,990,885 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,200$515
I-9 Program service revenuePrior year $2,655,302$2,966,652
I-10 Investment incomePrior year $68,470$1,246
I-11 Other revenue$22,472
I-12 Total revenuePrior year $2,741,972$2,990,885
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,147,284$2,224,361
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $959,414$922,040
I-18 Total expensesPrior year $3,106,698$3,146,401
I-19 Revenue less expensesPrior year −$364,726−$155,516
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,990,885 across 6 lines filed
Lines not itemized here account for $282,543 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$515
VIII-1h Total contributions, gifts and grants$515
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,684,109
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,246$1,246
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,472 · Unrelated business $0 · Excluded from tax $0$22,472
VIII-12 Total revenueRelated to mission $2,989,124 · Unrelated business $0 · Excluded from tax $1,246$2,990,885
Part IX · Statement of functional expenses $3,146,401 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $124,502 · Fundraising $0$124,502
IX-7 Other salaries and wagesPrograms $1,686,206 · Management $100,276 · Fundraising $0$1,786,482
IX-9 Other employee benefitsPrograms $137,968 · Management $18,392 · Fundraising $0$156,360
IX-10 Payroll taxesPrograms $138,548 · Management $18,469 · Fundraising $0$157,017
IX-11c Accounting feesPrograms $0 · Management $22,619 · Fundraising $0$22,619
IX-11f Investment management feesPrograms $0 · Management $8,725 · Fundraising $0$8,725
IX-12 Advertising and promotionPrograms $0 · Management $2,264 · Fundraising $0$2,264
IX-13 Office expensesPrograms $0 · Management $69,110 · Fundraising $0$69,110
IX-14 Information technologyPrograms $0 · Management $10,184 · Fundraising $0$10,184
IX-16 OccupancyPrograms $113,264 · Management $0 · Fundraising $0$113,264
IX-20 InterestPrograms $0 · Management $2,986 · Fundraising $0$2,986
IX-22 Depreciation, depletion and amortizationPrograms $98,400 · Management $0 · Fundraising $0$98,400
IX-23 InsurancePrograms $33,964 · Management $54,223 · Fundraising $0$88,187
IX-24 Other expenses (24a–d)Programs $382,303 · Management $0 · Fundraising $0$382,303
IX-24e All other expensesPrograms $87,445 · Management $36,553 · Fundraising $0$123,998
IX-25 Total functional expensesPrograms $2,678,098 · Management $468,303 · Fundraising $0$3,146,401
Part X · Balance sheet $1,671,093 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $86,133$41,842
X-4 Accounts receivableStart of year $176,337$192,076
X-9 Prepaid expenses and deferred chargesStart of year $18,365$28,098
X-10c Land, buildings and equipment, netStart of year $640,041$545,541
X-11 Publicly traded securitiesStart of year $1,124,811$863,536
X-16 Total assetsStart of year $2,045,687$1,671,093
X-17 Accounts payable and accrued expensesStart of year $464,194$475,238
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $558,266$491,749
X-27 Net assets without donor restrictionsStart of year $1,482,217$1,174,140
X-28 Net assets with donor restrictionsStart of year $5,204$5,204
X-32 Total net assets or fund balancesStart of year $1,487,421$1,179,344
X-33 Total liabilities and net assetsStart of year $2,045,687$1,671,093
Part XI · Reconciliation of net assets $1,179,344 net assets at year end
XI-1 Total revenue$2,990,885
XI-2 Total expenses$3,146,401
XI-3 Revenue less expenses−$155,516
XI-4 Net assets at start of year$1,487,421
XI-5 Net unrealized gains (losses) on investments−$152,561
XI-10 Net assets at end of year$1,179,344

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.