Beverwyck INC FY2020 filing

Tax-deductible

Slingerlands, NY501(c)(3)Since 1989HousingEIN 14-1717028Revenue $17.3M in FY2020

On file with the IRSeddyseniorliving.com40 Autumn Drive, 12159-9356 · Slingerlands, NYTax-exempt since Jul 1994Publicly supported charity — 170(b)(1)(A)(vi)

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To provide a complete continuum of long-term care services

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$349K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
5 of 5
filings with a surplus
Average surplus $4.0M a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$349K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% 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 · $23K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37.6M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
16
of 19 voting members
Looks good: 16 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
$17.3M
Spent
$12.9M
To programs
91%
Net assets
$36.4M
By yearFY2020–FY2024
Revenue
$17.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$17.3M
FY2021$18.6M
FY2022$17.4M
FY2023$18.7M
FY2024$20.2M
Expenses
$12.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$12.9M
FY2021$13.7M
FY2022$14.6M
FY2023$15.2M
FY2024$15.9M
Net assets
$36.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$36.4M
FY2021$42.2M
FY2022$40.5M
FY2023$46.1M
FY2024$52.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 1994.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $11.7M Management & general 9% · $1.2M

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

27 people listed on the 990; $349K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$130,085Pt VII · Sec A
Finance Manager
$117,191Pt VII · Sec A
Director, Nursing
$101,466Pt VII · Sec A
Director; Vice Chair
$0Pt VII · Sec A
Director; Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paula Kalamejski’s $139K as Executive Director is at the 16th percentile of top reported officer pay among 676 $10–100M housing 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Paula Kalamejski$138,784$136,097$132,116$127,558$130,085
Michelle Martino$128,161$114,857———
Lori Porter$123,388$113,823$104,659—$101,466
Melissa Inman————$117,191
Joi White$115,846————
Lorrie Shilling—$107,494$110,884$101,265—
Joanne Molaro—$108,518———

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 15aNo

Programs and updates

Provides a complete continuum of senior care, offering independent living, assisted living, and skilled nursing services for adults aged 55 and older.

Questions for Beverwyck INC

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Provided by the organization

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1 program · $11.7M · in their own filed words · FY2020
01

Beverwyck, operating since 1993, is a senior living community located in slingerlands, new york, just outside of albany. The community offers independent living in 172 apartments and 29 cottages, assisted living in 41 enriched housing units as well as two 12-UNIT skilled nursing residences.

$11.7Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$23K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$17.3M
Ln 12
Fees for servicesLn 2g$15.4M
Investment incomeLn 3$1.4M
Gifts and grantsLn 1h$426K
Money outPt IX
$12.9M
Ln 25
Programscol B$11.7M
Managementcol C$1.2M
Owns and owesPt X
$36.4M
net assets · Ln 32
Cash and savingsLn 1–2$230K
Total assetsLn 16$74.0M
LiabilitiesLn 26$37.6M
PeoplePt VI, VII
27
listed · VII A
PaidVII A3
Voting boardVI 1a19
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Government grantsLn 1e$261K
Fees for servicesLn 2g$15.4M
Investment incomeLn 3$1.4M
Other incomeLn 4–11$8K
Gains on assetsLn 7$601K
Total revenueLn 12$17.3M
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$224K
Cash and savings togetherLn 1–2$230K
InvestmentsLn 11–13$51.7M
Land, buildings, equipmentLn 10c$18.1M
Other assetsLn 15$963K
Total assetsLn 16$74.0M
LiabilitiesLn 26$37.6M
Net assetsLn 32$36.4M
OperationsPt I, VI
EmployeesI 5259
VolunteersI 615
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 FY20End FY20
Cash and savingsLn 1–2$44K$230K
InvestmentsLn 11–13$44.4M$51.7M
Land, buildings, equipmentLn 10c$18.5M$18.1M
Total assetsLn 16$68.3M$74.0M
LiabilitiesLn 26$38.1M$37.6M
Net assetsLn 32$30.2M$36.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.7M$4.2M$464K
Pension plan contributionsLn 8$179K$161K$18K
Other employee benefitsLn 9$525K$473K$52K
Payroll taxesLn 10$337K$304K$34K
Management feesLn 11a$517K$465K$52K
Legal feesLn 11b$6$6
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$41K$41K
Other fees for servicesLn 11g$650K$592K$59K
Advertising and promotionLn 12$122K$110K$12K
Office expensesLn 13$428K$385K$43K
Information technologyLn 14$12K$11K$1K
OccupancyLn 16$1.5M$1.3M$146K
TravelLn 17$1K$1K$135
Conferences, conventions and meetingsLn 19$389$350$39
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$1.7M$1.5M$172K
InsuranceLn 23$112K$101K$11K
Other expenses (24a–d)Ln 24$2.0M$1.9M$72K
All other expensesLn 24e$160K$144K$16K
Total functional expensesLn 25$12.9M$11.7M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $20.2M$15.9M$4.3M$52.2M 990 PDF
FY2023 $18.7M$15.2M$3.5M$46.1M 990 PDF
FY2022 $17.4M$14.6M$2.9M$40.5M 990 PDF
FY2021 $18.6M$13.7M$4.9M$42.2M 990 PDF
FY2020 Viewing $17.3M$12.9M$4.3M$36.4M 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 FY2020 990 (6 parts)
Part I · Summary $17,273,684 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,027$426,019
I-9 Program service revenuePrior year $15,153,200$15,406,295
I-10 Investment incomePrior year $1,163,471$1,433,445
I-11 Other revenuePrior year $6,153$7,925
I-12 Total revenuePrior year $16,361,851$17,273,684
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 $5,832,102$5,694,603
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,828,301$7,254,183
I-18 Total expensesPrior year $12,660,403$12,948,786
I-19 Revenue less expensesPrior year $3,701,448$4,324,898
Part VI · Governance 16 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $17,273,684 across 9 lines filed
VIII-1d Related organizations$5,000
VIII-1e Government grants$260,572
VIII-1f All other contributions, gifts and grants$160,447
VIII-1h Total contributions, gifts and grants$426,019
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,406,295$15,406,295
VIII-3 Investment incomeExcluded from tax $832,387$832,387
VIII-6 Net rental income or lossExcluded from tax $7,925$7,925
VIII-7 Net gain or loss on sales of assetsExcluded from tax $601,058$601,058
VIII-12 Total revenueRelated to mission $15,406,295 · Unrelated business $0 · Excluded from tax $1,441,370$17,273,684
Part IX · Statement of functional expenses $12,948,786 across 20 lines filed
IX-7 Other salaries and wagesPrograms $4,188,745 · Management $464,382$4,653,127
IX-8 Pension plan contributionsPrograms $161,220 · Management $17,873$179,093
IX-9 Other employee benefitsPrograms $472,794 · Management $52,416$525,210
IX-10 Payroll taxesPrograms $303,523 · Management $33,650$337,173
IX-11a Management feesPrograms $465,346 · Management $51,590$516,936
IX-11b Legal feesManagement $6$6
IX-11c Accounting feesManagement $22,404$22,404
IX-11f Investment management feesManagement $41,203$41,203
IX-11g Other fees for servicesPrograms $591,505 · Management $58,964$650,469
IX-12 Advertising and promotionPrograms $109,779 · Management $12,171$121,950
IX-13 Office expensesPrograms $385,043 · Management $42,688$427,731
IX-14 Information technologyPrograms $10,834 · Management $1,201$12,035
IX-16 OccupancyPrograms $1,316,703 · Management $145,975$1,462,678
IX-17 TravelPrograms $1,213 · Management $135$1,348
IX-19 Conferences, conventions and meetingsPrograms $350 · Management $39$389
IX-20 InterestPrograms $12,486$12,486
IX-22 Depreciation, depletion and amortizationPrograms $1,547,286 · Management $171,539$1,718,825
IX-23 InsurancePrograms $100,941 · Management $11,191$112,132
IX-24 Other expenses (24a–d)Programs $1,921,173 · Management $72,299$1,993,472
IX-24e All other expensesPrograms $144,139 · Management $15,980$160,119
IX-25 Total functional expensesPrograms $11,733,080 · Management $1,215,706 · Fundraising $0$12,948,786
Part X · Balance sheet $73,998,453 assets, 18 lines filed
Asset lines not itemized here account for $2,535,084; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,401$6,400
X-2 Savings and temporary cash investmentsStart of year $37,903$223,965
X-4 Accounts receivableStart of year $340,639$154,353
X-8 Inventories for sale or useStart of year $20,899$44,764
X-9 Prepaid expenses and deferred chargesStart of year $212,698$224,156
X-10c Land, buildings and equipment, netStart of year $18,517,297$18,104,181
X-11 Publicly traded securitiesStart of year $27,087,022$35,181,825
X-12 Other securitiesStart of year $17,318,174$16,560,947
X-15 Other assetsStart of year $897,830$962,778
X-16 Total assetsStart of year $68,297,666$73,998,453
X-17 Accounts payable and accrued expensesStart of year $917,466$853,070
X-19 Deferred revenueStart of year $1,711,577$1,918,446
X-25 Other liabilitiesStart of year $35,468,347$34,825,043
X-26 Total liabilitiesStart of year $38,097,390$37,596,559
X-27 Net assets without donor restrictionsStart of year $29,394,215$35,547,543
X-28 Net assets with donor restrictionsStart of year $806,061$854,351
X-32 Total net assets or fund balancesStart of year $30,200,276$36,401,894
X-33 Total liabilities and net assetsStart of year $68,297,666$73,998,453
Part XI · Reconciliation of net assets $36,401,894 net assets at year end
XI-1 Total revenue$17,273,684
XI-2 Total expenses$12,948,786
XI-3 Revenue less expenses$4,324,898
XI-4 Net assets at start of year$30,200,276
XI-5 Net unrealized gains (losses) on investments$1,964,198
XI-9 Other changes in net assets−$87,478
XI-10 Net assets at end of year$36,401,894

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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