Providing long-term continuing care

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$2.0M 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

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
3 of 5
filings with a surplus
Average surplus $251K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 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
$2.0M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $131.0M in investments, Pt X · Ln 11–13
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $650K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$235.6M
119% of total assets
Concern: liabilities are 119% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 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
$32.1M
Spent
$31.6M
To programs
91%
Net assets
−$37.6M
By yearFY2020–FY2024
Revenue
$32.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$32.1M
FY2021$34.1M
FY2022$34.0M
FY2023$39.8M
FY2024$47.3M
Expenses
$31.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$31.6M
FY2021$32.3M
FY2022$36.3M
FY2023$41.2M
FY2024$44.7M
Net assets
−$37.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$37.6M
FY2021−$34.8M
FY2022−$42.7M
FY2023−$39.8M
FY2024−$35.6M

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 May 1999.

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% · $28.7M Management & general 9% · $2.8M

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

19 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$520,514Pt VII · Sec A
Chief Financial Officer
$280,322Pt VII · Sec A
VP of Health Services
$242,307Pt VII · Sec A
VP Hospitality Services
$217,056Pt VII · Sec A
VP of Resident Services
$176,064Pt VII · Sec A
Director of IT
$150,461Pt VII · Sec A
VP of Human Resources
$145,120Pt VII · Sec A
Director of Nursing
$136,511Pt VII · Sec A

Robert Caulfield’s $723K as Chief Executive Officer is at the 98th 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Caulfield$722,884$628,604$559,528$522,456$520,514
Brian Amtmann$328,946$305,055$293,726$272,808$280,322
Anthony Comerford$306,677$292,933$268,001$251,137$242,307
Christopher Adamo$242,080$232,571$221,874$215,381$217,056
Elissa Gargone$215,479$187,173$155,745$140,961—
Michele Berti$202,437$194,098$158,825$148,933$145,120
Linda Kolakowski$182,242$188,867$182,575$176,811$176,064
Frederick Bohonan———$147,955$150,461

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.

See Active Retirement Community INC executive salaries →

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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

Offers ongoing support and care for individuals needing long-term assistance.

Questions for Active Retirement Community INC

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Your first name shows with your question. Active Retirement Community INC answers here, for everyone.

Provided by the organization

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1 program · $28.7M · in their own filed words · FY2020
01

Active retirement community, inc., doing business as jefferson's ferry, opened in 2001 with the mission to serve older adults by providing an active lifestyle within an all-inclusive lifecare retirement community. The lifecare concept promotes dignity, privacy, individuality and independence for each resident.

$28.7Mprogram 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$650K
Grants paid · 21 grants · $541K · 2020–2024
Unitemized GrantFY2024$108,170
Staller Center for the ArtsNY · FY2024$10,000
Jtm FoundationNY · FY2024$8,000
Unitemized GrantFY2023$86,124
Stony Brook Foundation INCNY · FY2023$10,000
Jtm FoundationNY · FY2023$8,000
Gallery North INCNY · FY2023$5,000
Unitemized GrantFY2022$65,124
Jtm FoundationNY · FY2022$8,500
Stony Brook Foundation INCNY · FY2022$8,000
Unitemized GrantFY2021$65,124
Van Wagner Sports & EntertainmentFY2021$11,000
Unitemized GrantFY2020$81,428
See all 21 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$32.1M
Ln 12
Fees for servicesLn 2g$29.2M
Investment incomeLn 3$2.0M
Gifts and grantsLn 1h$540K
Money outPt IX
$31.6M
Ln 25
Programscol B$28.7M
Managementcol C$2.8M
Owns and owesPt X
−$37.6M
net assets · Ln 32
Cash and savingsLn 1–2$7.3M
Total assetsLn 16$198.0M
LiabilitiesLn 26$235.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A9
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$540K
Government grantsLn 1e$500K
Fees for servicesLn 2g$29.2M
Investment incomeLn 3$2.0M
Other incomeLn 4–11$294K
Gains on assetsLn 7$1.3M
Total revenueLn 12$32.1M
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$7.3M
Cash and savings togetherLn 1–2$7.3M
InvestmentsLn 11–13$131.0M
Land, buildings, equipmentLn 10c$58.1M
Other assetsLn 15$80K
Total assetsLn 16$198.0M
LiabilitiesLn 26$235.6M
Net assetsLn 32−$37.6M
OperationsPt I, VI
EmployeesI 5403
VolunteersI 611
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$8.5M$7.3M
InvestmentsLn 11–13$42.5M$131.0M
Land, buildings, equipmentLn 10c$56.7M$58.1M
Total assetsLn 16$108.7M$198.0M
LiabilitiesLn 26$148.0M$235.6M
Net assetsLn 32−$39.3M−$37.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$81K$81K
Pay of current officers, directors and key staffLn 5$1.4M$1.4M
Other salaries and wagesLn 7$10.3M$8.4M$1.9M
Pension plan contributionsLn 8$492K$492K
Other employee benefitsLn 9$2.0M$2.0M$22K
Payroll taxesLn 10$859K$744K$115K
Legal feesLn 11b$45K$45K
Accounting feesLn 11c$91K$91K
Lobbying feesLn 11d$2K$2K
Other fees for servicesLn 11g$2.6M$2.5M$143K
Advertising and promotionLn 12$111K$111K
Office expensesLn 13$2.5M$2.4M$29K
Information technologyLn 14$354K$52K$302K
OccupancyLn 16$2.7M$2.7M
TravelLn 17$27K$27K$117
InterestLn 20$1.5M$1.5M$9K
Depreciation, depletion and amortizationLn 22$5.3M$5.3M$29K
Other expenses (24a–d)Ln 24$1.0M$988K$52K
All other expensesLn 24e$110K$45K$65K
Total functional expensesLn 25$31.6M$28.7M$2.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $47.3M$44.7M$2.6M−$35.6M 990 PDF
FY2023 $39.8M$41.2M−$1.4M−$39.8M 990 PDF
FY2022 $34.0M$36.3M−$2.3M−$42.7M 990 PDF
FY2021 $34.1M$32.3M$1.8M−$34.8M 990 PDF
FY2020 Viewing $32.1M$31.6M$554K−$37.6M 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 FY2020 990 (6 parts)
Part I · Summary $32,116,333 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,271$539,781
I-9 Program service revenuePrior year $29,272,061$29,233,250
I-10 Investment incomePrior year $1,185,366$2,049,771
I-11 Other revenuePrior year $550,349$293,531
I-12 Total revenuePrior year $31,082,047$32,116,333
I-13 Grants and similar amounts paidPrior year $157,438$116,463
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,718,485$15,093,618
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,804,059$16,352,640
I-18 Total expensesPrior year $30,679,982$31,562,721
I-19 Revenue less expensesPrior year $402,065$553,612
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $32,116,333 across 8 lines filed
Lines not itemized here account for $44,438 of total revenue; see the IRS return.
VIII-1d Related organizations$39,781
VIII-1e Government grants$500,000
VIII-1h Total contributions, gifts and grants$539,781
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,233,250$29,233,250
VIII-3 Investment incomeExcluded from tax $764,180$764,180
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,285,591$1,285,591
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $249,093$249,093
VIII-12 Total revenueRelated to mission $29,233,250 · Unrelated business $0 · Excluded from tax $2,343,302$32,116,333
Part IX · Statement of functional expenses $31,562,721 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $35,035$35,035
IX-2 Grants to domestic individualsPrograms $81,428$81,428
IX-5 Pay of current officers, directors and key staffPrograms $1,409,883$1,409,883
IX-7 Other salaries and wagesPrograms $8,378,849 · Management $1,917,400$10,296,249
IX-8 Pension plan contributionsPrograms $492,396$492,396
IX-9 Other employee benefitsPrograms $2,014,066 · Management $22,167$2,036,233
IX-10 Payroll taxesPrograms $743,850 · Management $115,007$858,857
IX-11b Legal feesManagement $44,634$44,634
IX-11c Accounting feesManagement $91,356$91,356
IX-11d Lobbying feesManagement $1,640$1,640
IX-11g Other fees for servicesPrograms $2,471,717 · Management $143,035$2,614,752
IX-12 Advertising and promotionPrograms $111,143$111,143
IX-13 Office expensesPrograms $2,446,577 · Management $29,379$2,475,956
IX-14 Information technologyPrograms $51,508 · Management $302,205$353,713
IX-16 OccupancyPrograms $2,685,374$2,685,374
IX-17 TravelPrograms $26,891 · Management $117$27,008
IX-20 InterestPrograms $1,481,843 · Management $8,705$1,490,548
IX-22 Depreciation, depletion and amortizationPrograms $5,276,521 · Management $29,294$5,305,815
IX-24 Other expenses (24a–d)Programs $988,186 · Management $52,176$1,040,362
IX-24e All other expensesPrograms $45,352 · Management $64,987$110,339
IX-25 Total functional expensesPrograms $28,740,619 · Management $2,822,102 · Fundraising $0$31,562,721
Part X · Balance sheet $197,999,170 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $20,292$29,392
X-2 Savings and temporary cash investmentsStart of year $8,495,667$7,310,958
X-4 Accounts receivableStart of year $703,066$1,181,164
X-9 Prepaid expenses and deferred chargesStart of year $246,514$346,122
X-10c Land, buildings and equipment, netStart of year $56,694,153$58,090,491
X-11 Publicly traded securitiesStart of year $40,607,598$129,023,586
X-13 Program-related investmentsStart of year $1,888,429$1,937,738
X-15 Other assetsStart of year $0$79,719
X-16 Total assetsStart of year $108,655,719$197,999,170
X-17 Accounts payable and accrued expensesStart of year $6,212,956$5,269,062
X-18 Grants payable$2,938,932
X-19 Deferred revenueStart of year $27,020,151$26,799,892
X-20 Tax-exempt bond liabilitiesStart of year $36,376,094$123,136,138
X-25 Other liabilitiesStart of year $78,360,328$77,496,060
X-26 Total liabilitiesStart of year $147,980,449$235,647,603
X-27 Net assets without donor restrictionsStart of year −$40,552,234−$38,894,093
X-28 Net assets with donor restrictionsStart of year $1,227,504$1,245,660
X-32 Total net assets or fund balancesStart of year −$39,324,730−$37,648,433
X-33 Total liabilities and net assetsStart of year $108,655,719$197,999,170
Part XI · Reconciliation of net assets −$37,648,433 net assets at year end
XI-1 Total revenue$32,116,333
XI-2 Total expenses$31,562,721
XI-3 Revenue less expenses$553,612
XI-4 Net assets at start of year−$39,324,730
XI-5 Net unrealized gains (losses) on investments$1,073,376
XI-9 Other changes in net assets$49,309
XI-10 Net assets at end of year−$37,648,433

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

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