Own and operate a continuing care retirement community.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$1.5M 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

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2.9M a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
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 $63.7M in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$77.7M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.3M
Spent
$33.2M
To programs
89%
Net assets
$64.3M
By yearFY2021–FY2025
Revenue
$34.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$34.3M
FY2022$49.5M
FY2023$32.5M
FY2024$35.4M
FY2025$37.6M
Expenses
$33.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$33.2M
FY2022$33.3M
FY2023$34.5M
FY2024$35.6M
FY2025$38.3M
Net assets
$64.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$64.3M
FY2022$67.1M
FY2023$63.5M
FY2024$71.9M
FY2025$72.6M

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1994.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $29.5M Management & general 10% · $3.5M Fundraising 1% · $234K

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

20 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Executive Off./Asst. Sec'y
$320,094Pt VII · Sec A
Medical Director
$246,345Pt VII · Sec A
$206,323Pt VII · Sec A
Chief Financial Officer
$188,903Pt VII · Sec A
Health Services Director
$136,710Pt VII · Sec A
Director of Human Resources
$128,123Pt VII · Sec A
Dir. of Plant Oper. (left Oct. '20)
$125,482Pt VII · Sec A
Nurse Practitioner
$122,435Pt VII · Sec A

Jeremy Vickers’s $363K as Chief Executive Officer is at the 86th 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

NameFY2025FY2024FY2023FY2022FY2021
Jeremy Vickers$363,136————
Jeremy M Vickers—$351,690$339,229$329,463$320,094
James C D'Amico$281,238————
James D'Amico—$270,667$265,288$252,004$246,345
Jeffery Ranalli$235,292$226,416$216,729$210,808$206,323
Abby Loftus$215,823————
Abby M Loftus—$207,479$211,975$206,231$188,903
Lisa a Heinkel$155,504$149,641$148,861$139,093$136,710

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

Operates a retirement community offering long-term care services.

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Provided by the organization

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3 programs · $29.5M · in their own filed words · FY2020
01

Medford leas is a leading senior adult community successfully meeting the total lifestyle needs of its residents with innovative and highly valued programs, life enhancing and sustaining services, technological and environmental advances, up to date residential homes and apartments and well-equipped facilities all in highly desirable…

$20.6Mprogram expense
02

Resident Health Care

Medford leas has an onsite outpatient primary health care clinic. The organization has a full-time medical director, physician, and nurse practitioner. Services offered to residents include audiology, dentistry, podiatry, and pharmacy services, as well as physical, occupational, and speech therapy services.

$8.4Mprogram expense
03

Medford leas offers a caring, supportive approach to sub-acute nursing and rehabilitation following a hospitalization. Our top-notch medical team offers skilled nursing services as well as short- and long-term rehab, occupational therapy and more - helping to navigate your pathway back to wellness.

$469Kprogram 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 1 funder$22K
Grants paid · 5 grants · $1.9M · 2020–2024
Unitemized GrantFY2024$320,586
Unitemized GrantFY2023$355,834
Unitemized GrantFY2022$396,032
Unitemized GrantFY2021$372,571
Unitemized GrantFY2020$414,318

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$34.3M
Ln 12
Fees for servicesLn 2g$31.1M
Investment incomeLn 3$1.7M
Gifts and grantsLn 1h$1.1M
Money outPt IX
$33.2M
Ln 25
Programscol B$29.5M
Managementcol C$3.5M
Fundraisingcol D$234K
Owns and owesPt X
$64.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.4M
Total assetsLn 16$142.0M
LiabilitiesLn 26$77.7M
PeoplePt VI, VII
20
listed · VII A
PaidVII A8
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$836K
Fees for servicesLn 2g$31.1M
Investment incomeLn 3$1.7M
Other incomeLn 4–11$361K
Gains on assetsLn 7$518K
Total revenueLn 12$34.3M
Assets in detailPt X, end of year
CashLn 1$358K
SavingsLn 2$5.1M
Cash and savings togetherLn 1–2$5.4M
InvestmentsLn 11–13$63.7M
Land, buildings, equipmentLn 10c$71.2M
Other assetsLn 15$300K
Total assetsLn 16$142.0M
LiabilitiesLn 26$77.7M
Net assetsLn 32$64.3M
OperationsPt I, VI
EmployeesI 5529
VolunteersI 610
Fiscal year endsHeaderMarch
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 FY21End FY21
Cash and savingsLn 1–2$3.4M$5.4M
InvestmentsLn 11–13$45.9M$63.7M
Land, buildings, equipmentLn 10c$70.9M$71.2M
Total assetsLn 16$122.8M$142.0M
LiabilitiesLn 26$76.0M$77.7M
Net assetsLn 32$46.8M$64.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$414K$414K
Pay of current officers, directors and key staffLn 5$816K$689K$116K$10K
Other salaries and wagesLn 7$13.0M$11.0M$1.8M$165K
Pension plan contributionsLn 8$543K$459K$77K$7K
Other employee benefitsLn 9$2.0M$1.7M$286K$26K
Payroll taxesLn 10$987K$834K$140K$13K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$1K$1K
Investment management feesLn 11f$47K$47K
Other fees for servicesLn 11g$2.3M$2.1M$166K
Advertising and promotionLn 12$203K$203K
Office expensesLn 13$699K$569K$126K$4K
Information technologyLn 14$67K$13K$54K
OccupancyLn 16$1.2M$1.2M
TravelLn 17$23K$22K$2K$72
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$6.2M$6.1M$148K$114
InsuranceLn 23$369K$369K
Other expenses (24a–d)Ln 24$3.9M$3.8M$53K$5K
All other expensesLn 24e$365K$229K$132K$5K
Total functional expensesLn 25$33.2M$29.5M$3.5M$234K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $37.6M$38.3M−$659K$72.6M 990 PDF
FY2024 $35.4M$35.6M−$174K$71.9M 990 PDF
FY2023 $32.5M$34.5M−$2.0M$63.5M 990 PDF
FY2022 $49.5M$33.3M$16.3M$67.1M 990 PDF
FY2021 Viewing $34.3M$33.2M$1.1M$64.3M 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 FY2021 990 (6 parts)
Part I · Summary $34,290,143 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,090,631$1,092,335
I-9 Program service revenuePrior year $33,387,940$31,144,098
I-10 Investment incomePrior year $2,304,308$1,692,798
I-11 Other revenuePrior year $451,173$360,912
I-12 Total revenuePrior year $37,234,052$34,290,143
I-13 Grants and similar amounts paidPrior year $475,275$414,318
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,540,022$17,352,534
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,769,928$15,464,536
I-18 Total expensesPrior year $33,785,225$33,231,388
I-19 Revenue less expensesPrior year $3,448,827$1,058,755
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $34,290,143 across 9 lines filed
Lines not itemized here account for $41,049 of total revenue; see the IRS return.
VIII-1e Government grants$836,195
VIII-1f All other contributions, gifts and grants$256,140
VIII-1h Total contributions, gifts and grants$1,092,335
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,144,098$31,144,098
VIII-3 Investment incomeExcluded from tax $1,174,585$1,174,585
VIII-6 Net rental income or lossExcluded from tax $3,782$3,782
VIII-7 Net gain or loss on sales of assetsExcluded from tax $518,213$518,213
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $86,129 · Excluded from tax $229,952$316,081
VIII-12 Total revenueRelated to mission $31,144,098 · Unrelated business $86,129 · Excluded from tax $1,967,581$34,290,143
Part IX · Statement of functional expenses $33,231,388 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $414,318$414,318
IX-5 Pay of current officers, directors and key staffPrograms $689,401 · Management $115,806 · Fundraising $10,338$815,545
IX-7 Other salaries and wagesPrograms $10,980,904 · Management $1,844,594 · Fundraising $164,667$12,990,165
IX-8 Pension plan contributionsPrograms $458,626 · Management $77,041 · Fundraising $6,877$542,544
IX-9 Other employee benefitsPrograms $1,705,400 · Management $286,477 · Fundraising $25,574$2,017,451
IX-10 Payroll taxesPrograms $834,191 · Management $140,129 · Fundraising $12,509$986,829
IX-11b Legal feesManagement $26,242$26,242
IX-11c Accounting feesManagement $57,454$57,454
IX-11d Lobbying feesManagement $1,014$1,014
IX-11f Investment management feesManagement $47,330$47,330
IX-11g Other fees for servicesPrograms $2,097,003 · Management $165,660$2,262,663
IX-12 Advertising and promotionManagement $203,063$203,063
IX-13 Office expensesPrograms $569,306 · Management $126,287 · Fundraising $3,830$699,423
IX-14 Information technologyPrograms $13,024 · Management $53,900$66,924
IX-16 OccupancyPrograms $1,243,645$1,243,645
IX-17 TravelPrograms $21,510 · Management $1,704 · Fundraising $72$23,286
IX-20 InterestPrograms $16,216$16,216
IX-22 Depreciation, depletion and amortizationPrograms $6,083,621 · Management $147,961 · Fundraising $114$6,231,696
IX-23 InsurancePrograms $369,223$369,223
IX-24 Other expenses (24a–d)Programs $3,792,163 · Management $53,434 · Fundraising $5,384$3,850,981
IX-24e All other expensesPrograms $228,712 · Management $132,134 · Fundraising $4,530$365,376
IX-25 Total functional expensesPrograms $29,517,263 · Management $3,480,230 · Fundraising $233,895$33,231,388
Part X · Balance sheet $141,992,172 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $506,736$358,111
X-2 Savings and temporary cash investmentsStart of year $2,930,400$5,083,272
X-4 Accounts receivableStart of year $868,164$787,269
X-8 Inventories for sale or useStart of year $260,484$167,861
X-9 Prepaid expenses and deferred chargesStart of year $396,437$346,174
X-10c Land, buildings and equipment, netStart of year $70,920,697$71,228,212
X-11 Publicly traded securitiesStart of year $43,537,136$60,777,500
X-12 Other securitiesStart of year $2,332,146$2,943,590
X-15 Other assetsStart of year $315,806$300,183
X-16 Total assetsStart of year $122,826,246$141,992,172
X-17 Accounts payable and accrued expensesStart of year $3,699,655$3,198,071
X-19 Deferred revenueStart of year $39,914,502$38,034,653
X-24 Unsecured notes and loans payable$2,957,800
X-25 Other liabilitiesStart of year $32,412,498$33,502,143
X-26 Total liabilitiesStart of year $76,026,655$77,692,667
X-27 Net assets without donor restrictionsStart of year $34,345,509$48,156,983
X-28 Net assets with donor restrictionsStart of year $12,454,082$16,142,522
X-32 Total net assets or fund balancesStart of year $46,799,591$64,299,505
X-33 Total liabilities and net assetsStart of year $122,826,246$141,992,172
Part XI · Reconciliation of net assets $64,299,505 net assets at year end
XI-1 Total revenue$34,290,143
XI-2 Total expenses$33,231,388
XI-3 Revenue less expenses$1,058,755
XI-4 Net assets at start of year$46,799,591
XI-5 Net unrealized gains (losses) on investments$15,829,715
XI-9 Other changes in net assets$611,444
XI-10 Net assets at end of year$64,299,505

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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