Carleton-Willard village is a continuing care retirement community offering a complete range of services from residential living apartments and cluster Homes to supportive care, skilled nursing and rehabilitation services in a community of over 300 residents.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 50 volunteers and 395 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 $130K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
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
2 mo
of spending, in cash
Plus $44.7M in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $31K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$63.1M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
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
$44.8M
+9% vs prior year
Spent
$42.8M
To programs
84%
Net assets
$31.6M
By yearFY2020–FY2024
Revenue
$44.8M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$35.8M
FY2021$38.6M
FY2022$37.9M
FY2023$41.2M
FY2024$44.8M
Expenses
$42.8M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$36.4M
FY2021$37.8M
FY2022$40.5M
FY2023$41.6M
FY2024$42.8M
Net assets
$31.6M
FY2024▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.3M
FY2021$27.4M
FY2022$20.0M
FY2023$23.8M
FY2024$31.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1928.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $36.0M Management & general 16% · $6.7M Fundraising 0% · $57K

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

26 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$447,658Pt VII · Sec A
Chief Financial Officer
$311,886Pt VII · Sec A
Chief Human Resources Officer
$259,174Pt VII · Sec A
Administrator
$240,282Pt VII · Sec A
Director of Facilities
$235,603Pt VII · Sec A
Director of Sales
$215,708Pt VII · Sec A
Director of Dining
$179,741Pt VII · Sec A
$0Pt VII · Sec A

Christopher J Golen’s $448K as President/CEO is at the 93rd percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christopher J Golen$447,658————
Barbara a Doyle—$331,574$434,521$411,239$415,963
Michael P Matthews$311,886————
Christopher Golen—$295,780———
Janet D Silverman—$216,211$268,132$258,076$262,117
Kim Marsden-Ianiro$259,174————
Anne Brennan$240,282$228,361$204,135——
Valerie Gingras————$236,385

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

Provides housing and comprehensive care for seniors, from independent living to skilled nursing.

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3 programs · $35.8M · in their own filed words · FY2024
01

Operating a 100 bed skilled nursing facility and a 79 bed rest home for approximately 141 residents. Skilled nursing provides long term care, short term STAYS/REHABILITATION and DEMENTIA/ALZHEIMER care in a distinct, award winning unit.

$24.9Mprogram expense
02

Operates a community with 152 independent living units servicing approximately 181 individuals. Accommodations include daily meals, weekly housekeeping and linen services, transportation to medical appointments, local shopping and onsite activities, most utilities, trash removal and recycling, parking, 24/7 security, in-unit emergency…

$9.7Mprogram expense
03

Operates an on-site outpatient clinic serving approximately 215 residents from carleton-willard's independent and assistance in living programs. Comprehensive services available through the clinic include routine and urgent outpatient care, scheduled appointments in a variety of specialties including ophthalmology, podiatry, dermatology…

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$31K
Grants paid · 9 grants · $765K · 2020–2024
Carleton-Willard at Home INCMA · FY2024$187,898
Unitemized GrantFY2024$8,384
Unitemized GrantFY2023$16,500
Carleton-Willard at Home INCMA · FY2022$175,000
Unitemized GrantFY2022$17,100
Carleton-Willard at Home INCMA · FY2021$177,000
Unitemized GrantFY2021$19,800
Carleton-Willard at Home INCMA · FY2020$150,000
Unitemized GrantFY2020$13,800

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$44.8M
Ln 12
Fees for servicesLn 2g$43.4M
Investment incomeLn 3$985K
Gifts and grantsLn 1h$412K
Money outPt IX
$42.8M
Ln 25
Programscol B$36.0M
Managementcol C$6.7M
Fundraisingcol D$57K
Owns and owesPt X
$31.6M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$94.7M
LiabilitiesLn 26$63.1M
PeoplePt VI, VII
26
listed · VII A
PaidVII A7
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$412K
Fees for servicesLn 2g$43.4M
Investment incomeLn 3$985K
Other incomeLn 4–11$6K
Gains on assetsLn 7$95K
Total revenueLn 12$44.8M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$6.3M
Cash and savings togetherLn 1–2$6.3M
InvestmentsLn 11–13$44.7M
Land, buildings, equipmentLn 10c$40.4M
Other assetsLn 15$330K
Total assetsLn 16$94.7M
LiabilitiesLn 26$63.1M
Net assetsLn 32$31.6M
OperationsPt I, VI
EmployeesI 5395
VolunteersI 650
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 FY24End FY24
Cash and savingsLn 1–2$2.1M$6.3M
InvestmentsLn 11–13$38.2M$44.7M
Land, buildings, equipmentLn 10c$40.4M$40.4M
Total assetsLn 16$85.3M$94.7M
LiabilitiesLn 26$61.5M$63.1M
Net assetsLn 32$23.8M$31.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$203K$203K
Grants to domestic individualsLn 2$102K$102K
Pay of current officers, directors and key staffLn 5$836K$836K
Other salaries and wagesLn 7$19.8M$17.6M$2.2M$57K
Pension plan contributionsLn 8$607K$607K
Other employee benefitsLn 9$2.3M$2.3M
Payroll taxesLn 10$1.5M$1.5M
Legal feesLn 11b$62K$62K
Accounting feesLn 11c$143K$143K
Investment management feesLn 11f$212K$212K
Other fees for servicesLn 11g$4.6M$4.0M$596K
Advertising and promotionLn 12$44K$44K
Office expensesLn 13$1.3M$864K$402K
Information technologyLn 14$514K$445K$69K
OccupancyLn 16$2.5M$2.5M$32K
TravelLn 17$14K$828$13K
InterestLn 20$511K$496K$15K
Depreciation, depletion and amortizationLn 22$3.5M$3.4M$102K
InsuranceLn 23$265K$257K$8K
Other expenses (24a–d)Ln 24$3.8M$3.8M$11K
Total functional expensesLn 25$42.8M$36.0M$6.7M$57K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $44.8M$42.8M$2.1M$31.6M 990 PDF
FY2023 $41.2M$41.6M−$435K$23.8M 990 PDF
FY2022 $37.9M$40.5M−$2.5M$20.0M 990 PDF
FY2021 $38.6M$37.8M$868K$27.4M 990 PDF
FY2020 $35.8M$36.4M−$625K$23.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $44,827,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $444,655$412,391
I-9 Program service revenuePrior year $40,036,058$43,424,232
I-10 Investment incomePrior year $709,380$985,030
I-11 Other revenuePrior year $7,396$5,681
I-12 Total revenuePrior year $41,197,489$44,827,334
I-13 Grants and similar amounts paidPrior year $288,771$305,235
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,062,490$25,019,160
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,280,756$17,432,451
I-18 Total expensesPrior year $41,632,017$42,756,846
I-19 Revenue less expensesPrior year −$434,528$2,070,488
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 $44,827,334 across 7 lines filed
Lines not itemized here account for $437,901 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$412,391
VIII-1h Total contributions, gifts and grants$412,391
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,986,331$42,986,331
VIII-3 Investment incomeExcluded from tax $890,005$890,005
VIII-6 Net rental income or lossExcluded from tax $5,681$5,681
VIII-7 Net gain or loss on sales of assetsExcluded from tax $95,025$95,025
VIII-12 Total revenueRelated to mission $43,424,232 · Unrelated business $0 · Excluded from tax $990,711$44,827,334
Part IX · Statement of functional expenses $42,756,846 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $202,862$202,862
IX-2 Grants to domestic individualsPrograms $102,373$102,373
IX-5 Pay of current officers, directors and key staffManagement $835,815$835,815
IX-7 Other salaries and wagesPrograms $17,573,473 · Management $2,157,526 · Fundraising $57,230$19,788,229
IX-8 Pension plan contributionsManagement $607,144$607,144
IX-9 Other employee benefitsPrograms $2,323,066$2,323,066
IX-10 Payroll taxesManagement $1,464,906$1,464,906
IX-11b Legal feesManagement $62,268$62,268
IX-11c Accounting feesManagement $142,540$142,540
IX-11f Investment management feesManagement $211,980$211,980
IX-11g Other fees for servicesPrograms $4,026,447 · Management $596,299$4,622,746
IX-12 Advertising and promotionPrograms $44,131$44,131
IX-13 Office expensesPrograms $863,824 · Management $401,845$1,265,669
IX-14 Information technologyPrograms $445,164 · Management $68,825$513,989
IX-16 OccupancyPrograms $2,494,267 · Management $32,363$2,526,630
IX-17 TravelPrograms $828 · Management $13,113$13,941
IX-20 InterestPrograms $496,120 · Management $14,897$511,017
IX-22 Depreciation, depletion and amortizationPrograms $3,388,780 · Management $101,753$3,490,533
IX-23 InsurancePrograms $256,861 · Management $7,930$264,791
IX-24 Other expenses (24a–d)Programs $3,751,643 · Management $10,573$3,762,216
IX-25 Total functional expensesPrograms $35,969,839 · Management $6,729,777 · Fundraising $57,230$42,756,846
Part X · Balance sheet $94,652,564 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $2,801$2,800
X-2 Savings and temporary cash investmentsStart of year $2,121,854$6,282,578
X-4 Accounts receivableStart of year $3,801,865$2,362,452
X-8 Inventories for sale or useStart of year $152,819$106,965
X-9 Prepaid expenses and deferred chargesStart of year $314,624$385,455
X-10c Land, buildings and equipment, netStart of year $40,371,081$40,444,922
X-11 Publicly traded securitiesStart of year $38,082,023$44,598,472
X-12 Other securitiesStart of year $136,167$139,122
X-15 Other assetsStart of year $299,574$329,798
X-16 Total assetsStart of year $85,282,808$94,652,564
X-17 Accounts payable and accrued expensesStart of year $5,235,816$4,956,583
X-19 Deferred revenueStart of year $41,782,839$44,073,387
X-20 Tax-exempt bond liabilitiesStart of year $14,100,740$13,559,829
X-25 Other liabilitiesStart of year $395,461$464,227
X-26 Total liabilitiesStart of year $61,514,856$63,054,026
X-27 Net assets without donor restrictionsStart of year $20,303,597$27,643,394
X-28 Net assets with donor restrictionsStart of year $3,464,355$3,955,144
X-32 Total net assets or fund balancesStart of year $23,767,952$31,598,538
X-33 Total liabilities and net assetsStart of year $85,282,808$94,652,564
Part XI · Reconciliation of net assets $31,598,538 net assets at year end
XI-1 Total revenue$44,827,334
XI-2 Total expenses$42,756,846
XI-3 Revenue less expenses$2,070,488
XI-4 Net assets at start of year$23,767,952
XI-5 Net unrealized gains (losses) on investments$5,757,143
XI-9 Other changes in net assets$2,955
XI-10 Net assets at end of year$31,598,538

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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