philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Aldersbridge Foundation FY2023 filing

Tax-deductible

East Providence, RI501(c)(3)Hospitals EIN 05-0500900Revenue $21K in FY2023

On file with the IRS40 Irving Avenue, 02914-2301 · East Providence, RITax-exempt since Feb 1999Supporting organization — 509(a)(3)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Aldersbridge Foundation exists to support in the relevancy, sustainability and operations of the supported organizations and their mission to the community through providing a place where older persons may live in comfort, dignity and with purpose.the organization supports with offering a wide continuum of senior living options from independent/assisted living apartments in winslow gardens and skilled nursing and rehabilitation in linn health care center also in east providence, to its newest facility, arbor hill, an assisted living facility located on federal hill in providence.Aldersbridge Foundation supports to ensure that each resident is provided with the living environment and level of care that best suits the individual's needs. Its affordable services offer flexibility and stability while maximizing independence with a sense of security and confidence for low to mid-income seniors "adding life to year".

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
1 of 5
filings with a surplus
Average deficit $178K a year · 96% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $513K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$455K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21K
-96% vs prior year
Spent
$47K
To programs
57%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$21K
FY2023▼ -96%
Tap a bar for its year
Revenue by fiscal year
FY2020$24K
FY2021$361K
FY2022$506K
FY2023$21K
FY2024$15K
Expenses
$47K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$89K
FY2021$564K
FY2022$44K
FY2023$47K
FY2024$1.1M
Net assets
$2.0M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$1.6M
FY2022$1.9M
FY2023$2.0M
FY2024$174K

From the FY2023 Form 990 · see the original

990 PDF Claim
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 Feb 1999.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $27K Management & general 43% · $20K

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

Something off? Claim to add context

Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
Richard Gamache
Chief Executive Officer
$0Pt VII · Sec A
Joseph Durand
Chief Financial Officer
$0Pt VII · Sec A
Jamie Sanford
Administrator
$0Pt VII · Sec A
Sandra Cullen
Chief Operating Officer
$0Pt VII · Sec A
Susan Abely
Board Member
$0Pt VII · Sec A
Robert Gauthier
Board Member
$0Pt VII · Sec A
Bruce W Glass
Board Member
$0Pt VII · Sec A
Jodi Glass
Board Member
$0Pt VII · Sec A
See Aldersbridge Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides senior living options, supporting comfort, dignity, and purpose for older persons.

Questions for Aldersbridge Foundation

Tap to ask. Aldersbridge Foundation sees how many people are interested.

Your first name shows with your question. Aldersbridge Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $27K · in their own filed words · FY2023
01

Management of investments and other supporting activities for the benefit of related organizations that are also organizations exempt from taxation.

$27Kprogram 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 · FY2022
Aldersbridge CommunitiesFY2022$513K
Total grants receivedfrom 1 funder$513K
Grants paid · 3 grants · $1.6M · 2020–2024
Aldersbridge CommunitiesRI · FY2024$1,035,440
Aldersbridge CommunitiesRI · FY2021$524,752
Aldersbridge CommunitiesRI · FY2020$49,695

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$21K
Ln 12
Investment incomeLn 3$21K
Gifts and grantsLn 1h$280
Other incomeLn 4–11$50
Money outPt IX
$47K
Ln 25
Programscol B$27K
Managementcol C$20K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$2.5M
LiabilitiesLn 26$455K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$280
Investment incomeLn 3$21K
Other incomeLn 4–11$50
Gains on assetsLn 7−$1
Total revenueLn 12$21K
Assets in detailPt X, end of year
SavingsLn 2$21K
Cash and savings togetherLn 1–2$21K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1.3M
Total assetsLn 16$2.5M
LiabilitiesLn 26$455K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$29K$21K
InvestmentsLn 11–13$1.0M$1.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.3M$2.5M
LiabilitiesLn 26$422K$455K
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$24K$24K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$6K$6K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$47K$27K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15K$1.1M−$1.1M$174K 990 PDF
FY2023 Viewing $21K$47K−$26K$2.0M 990 PDF
FY2022 $506K$44K$462K$1.9M 990 PDF
FY2021 $361K$564K−$202K$1.6M 990 PDF
FY2020 $24K$89K−$65K$2.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $21,164 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $513,161$280
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$7,923$20,834
I-11 Other revenuePrior year $276$50
I-12 Total revenuePrior year $505,514$21,164
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $43,794$46,861
I-18 Total expensesPrior year $43,794$46,861
I-19 Revenue less expensesPrior year $461,720−$25,697
Part VI · Governance 18 of 18 board members independent, 3 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $21,164 across 7 lines filed
VIII-1d Related organizations$130
VIII-1f All other contributions, gifts and grants$150
VIII-1h Total contributions, gifts and grants$280
VIII-3 Investment incomeExcluded from tax $20,835$20,835
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1−$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $50$50
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,884$21,164
Part IX · Statement of functional expenses $46,861 across 4 lines filed
IX-11a Management feesPrograms $24,000$24,000
IX-11c Accounting feesManagement $13,744$13,744
IX-11f Investment management feesManagement $6,220$6,220
IX-24 Other expenses (24a–d)Programs $2,897$2,897
IX-25 Total functional expensesPrograms $26,897 · Management $19,964 · Fundraising $0$46,861
Part X · Balance sheet $2,476,236 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $28,533$21,068
X-9 Prepaid expenses and deferred chargesStart of year $1,180$1,180
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,002,738$1,180,211
X-15 Other assetsStart of year $1,269,458$1,273,777
X-16 Total assetsStart of year $2,301,909$2,476,236
X-17 Accounts payable and accrued expensesStart of year $408,794$441,637
X-25 Other liabilitiesStart of year $13,456$13,456
X-26 Total liabilitiesStart of year $422,250$455,093
X-27 Net assets without donor restrictionsStart of year $1,067,689$1,037,646
X-28 Net assets with donor restrictionsStart of year $811,970$983,497
X-32 Total net assets or fund balancesStart of year $1,879,659$2,021,143
X-33 Total liabilities and net assetsStart of year $2,301,909$2,476,236
Part XI · Reconciliation of net assets $2,021,143 net assets at year end
XI-1 Total revenue$21,164
XI-2 Total expenses$46,861
XI-3 Revenue less expenses−$25,697
XI-4 Net assets at start of year$1,879,659
XI-5 Net unrealized gains (losses) on investments$86,899
XI-9 Other changes in net assets$80,282
XI-10 Net assets at end of year$2,021,143

Form 990 e-file (XML) FY2023 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.