Berkeley Retirement Home FY2023 filing

Tax-deductible

Lawrence, MA501(c)(3)EIN 04-2104374Revenue $3.6M in FY2023

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

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

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
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
$644K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 15 voting members
Looks good: 13 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+20% vs prior year
Spent
$3.4M
To programs
87%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$3.6M
FY2023▲ +20%
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
$3.4M
FY2023▲ +8%
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
$1.4M
FY2023▲ +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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

87 cents of each dollar spent went to programs.

Program services 87% · $2.9M Management & general 13% · $456K

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

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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1 program · $2.9M · in their own filed words · FY2023
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.

$2.9Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Fees for servicesLn 2g$2.9M
Other incomeLn 4–11$580K
Investment incomeLn 3$52K
Money outPt IX
$3.4M
Ln 25
Programscol B$2.9M
Managementcol C$456K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$268K
Total assetsLn 16$2.1M
LiabilitiesLn 26$644K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Noncash giftsLn 1g$8K
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$52K
Other incomeLn 4–11$580K
Gains on assetsLn 7$32K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$268K
Cash and savings togetherLn 1–2$268K
InvestmentsLn 11–13$827K
Land, buildings, equipmentLn 10c$657K
Total assetsLn 16$2.1M
LiabilitiesLn 26$644K
Net assetsLn 32$1.4M
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 FY23End FY23
Cash and savingsLn 1–2$42K$268K
InvestmentsLn 11–13$864K$827K
Land, buildings, equipmentLn 10c$561K$657K
Total assetsLn 16$1.7M$2.1M
LiabilitiesLn 26$492K$644K
Net assetsLn 32$1.2M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$110K
Pay of disqualified personsLn 6$141K$141K
Other salaries and wagesLn 7$1.9M$1.9M
Other employee benefitsLn 9$140K$125K$15K
Payroll taxesLn 10$159K$141K$17K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$47K$47K
Investment management feesLn 11f$7K$7K
Office expensesLn 13$10K$4K$6K
Information technologyLn 14$4K$4K
OccupancyLn 16$233K$219K$14K
Depreciation, depletion and amortizationLn 22$81K$74K$7K
Other expenses (24a–d)Ln 24$391K$320K$72K
All other expensesLn 24e$111K$110K$700
Total functional expensesLn 25$3.4M$2.9M$456K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.4M$3.9M−$504K$854K 990 PDF
FY2023 Viewing $3.6M$3.4M$191K$1.4M 990 PDF
FY2022 $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

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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 FY2023 990 (6 parts)
Part I · Summary $3,588,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $515$29,111
I-9 Program service revenuePrior year $2,966,652$2,928,090
I-10 Investment incomePrior year $1,246$51,752
I-11 Other revenuePrior year $22,472$579,954
I-12 Total revenuePrior year $2,990,885$3,588,907
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,224,361$2,499,968
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $922,040$898,122
I-18 Total expensesPrior year $3,146,401$3,398,090
I-19 Revenue less expensesPrior year −$155,516$190,817
Part VI · Governance 13 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members13
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 $3,588,907 across 8 lines filed
Lines not itemized here account for $21,101 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$29,111
VIII-1g Noncash contributions (included above)$7,692
VIII-1h Total contributions, gifts and grants$29,111
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,906,989$2,906,989
VIII-3 Investment incomeExcluded from tax $19,703$19,703
VIII-7 Net gain or loss on sales of assetsRelated to mission $32,049$32,049
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $579,954$579,954
VIII-12 Total revenueRelated to mission $3,540,093 · Unrelated business $0 · Excluded from tax $19,703$3,588,907
Part IX · Statement of functional expenses $3,398,090 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $109,711$109,711
IX-6 Pay of disqualified personsManagement $141,375$141,375
IX-7 Other salaries and wagesPrograms $1,949,529$1,949,529
IX-9 Other employee benefitsPrograms $124,935 · Management $15,441$140,376
IX-10 Payroll taxesPrograms $141,490 · Management $17,487$158,977
IX-11b Legal feesManagement $14,126$14,126
IX-11c Accounting feesManagement $47,177$47,177
IX-11f Investment management feesManagement $7,136$7,136
IX-13 Office expensesPrograms $3,874 · Management $6,444$10,318
IX-14 Information technologyManagement $3,890$3,890
IX-16 OccupancyPrograms $218,503 · Management $14,198$232,701
IX-22 Depreciation, depletion and amortizationPrograms $74,332 · Management $6,552$80,884
IX-24 Other expenses (24a–d)Programs $319,535 · Management $71,722$391,257
IX-24e All other expensesPrograms $109,933 · Management $700$110,633
IX-25 Total functional expensesPrograms $2,942,131 · Management $455,959 · Fundraising $0$3,398,090
Part X · Balance sheet $2,070,351 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $41,842$267,587
X-4 Accounts receivableStart of year $164,043$269,100
X-9 Prepaid expenses and deferred chargesStart of year $28,099$49,157
X-10c Land, buildings and equipment, netStart of year $560,703$657,431
X-11 Publicly traded securitiesStart of year $863,536$827,076
X-16 Total assetsStart of year $1,658,223$2,070,351
X-17 Accounts payable and accrued expensesStart of year $475,241$632,819
X-26 Total liabilitiesStart of year $491,752$644,139
X-27 Net assets without donor restrictionsStart of year $1,161,267$1,421,008
X-28 Net assets with donor restrictionsStart of year $5,204$5,204
X-32 Total net assets or fund balancesStart of year $1,166,471$1,426,212
X-33 Total liabilities and net assetsStart of year $1,658,223$2,070,351
Part XI · Reconciliation of net assets $1,426,212 net assets at year end
XI-1 Total revenue$3,588,907
XI-2 Total expenses$3,398,090
XI-3 Revenue less expenses$190,817
XI-4 Net assets at start of year$1,166,471
XI-5 Net unrealized gains (losses) on investments$68,924
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,426,212

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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