The mission of Washington and Jane Smith Community - Beverly is to enrich the (see schedule o) lives of senior adults by offering thoughtful innovations in services for a variety of lifestyles.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 159 volunteers and 311 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 5
filings with a surplus
Average deficit $2.2M a year · 9% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$284K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $8.6M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $8.6M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $708K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$77.9M
108% of total assets
Concern: liabilities are 108% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26.7M
-0.8% vs prior year
Spent
$27.6M
To programs
92%
Net assets
−$5.5M
By yearFY2021–FY2025
Revenue
$26.7M
FY2025▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2021$22.2M
FY2022$17.7M
FY2023$21.3M
FY2024$26.9M
FY2025$26.7M
Expenses
$27.6M
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$21.0M
FY2022$22.1M
FY2023$26.7M
FY2024$28.3M
FY2025$27.6M
Net assets
−$5.5M
FY2025▼ -57%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.4M
FY2022$163K
FY2023−$2.6M
FY2024−$3.5M
FY2025−$5.5M

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in Feb 1934.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $25.5M Management & general 8% · $2.1M

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

12 people listed on the 990; $284K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$163,092Pt VII · Sec A
Director of Nursing
$120,499Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Infomation Officer
$0Pt VII · Sec A

Marti Jatis’s $163K as Executive Director is at the 26th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Marti Jatis$163,092$153,867$149,632$153,606$150,903
Ricardo Ramos$120,499$127,106$108,787——

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

Enriching senior adults' lives with innovative services for diverse lifestyles.

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Provided by the organization

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3 programs · $25.5M · in their own filed words · FY2024
01

The organization provides retirement housing and health care services to senior adults in a continuing care retirement community setting. Washington and jane smith community - beverly operates a 78 bed skilled nursing care unit. Services provided include 24-HOUR nursing care and rehabilitation services.

$11.7Mprogram expense
02

The organization provides retirement housing and health care services to seniors aged 62 and older in a continuing care retirement community setting. Within the community, washington and jane smith community - beverly operates 149 independent living apartments.

$8.0Mprogram expense
03

The organization provides retirement housing and health care services to seniors aged 55 and older in a continuing care retirement community setting. Washington and jane smith community - beverly operates a 82 unit assisted living center.

$5.8Mprogram 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
Total grants receivedfrom 1 funder$708K
Grants paid · 5 grants · $1.1M · 2020–2024
Unitemized GrantFY2024$12,809
Unitemized GrantFY2023$455,547
Unitemized GrantFY2022$26,481
Unitemized GrantFY2021$54,038
Unitemized GrantFY2020$505,459

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$26.7M
Ln 12
Fees for servicesLn 2g$25.3M
Investment incomeLn 3$655K
Other incomeLn 4–11$480K
Money outPt IX
$27.6M
Ln 25
Programscol B$25.5M
Managementcol C$2.1M
Owns and owesPt X
−$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$72.4M
LiabilitiesLn 26$77.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Fees for servicesLn 2g$25.3M
Investment incomeLn 3$655K
Other incomeLn 4–11$480K
Gains on assetsLn 7$279K
Total revenueLn 12$26.7M
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$8.6M
Land, buildings, equipmentLn 10c$54.4M
Other assetsLn 15$4.5M
Total assetsLn 16$72.4M
LiabilitiesLn 26$77.9M
Net assetsLn 32−$5.5M
OperationsPt I, VI
EmployeesI 5311
VolunteersI 6159
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$1.1M$1.8M
InvestmentsLn 11–13$7.8M$8.6M
Land, buildings, equipmentLn 10c$56.8M$54.4M
Total assetsLn 16$75.0M$72.4M
LiabilitiesLn 26$78.5M$77.9M
Net assetsLn 32−$3.5M−$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13K$13K
Other salaries and wagesLn 7$6.9M$6.9M
Pension plan contributionsLn 8$96K$96K
Other employee benefitsLn 9$860K$860K
Payroll taxesLn 10$552K$552K
Management feesLn 11a$1.9M$1.9M
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$89K$89K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$5.8M$5.8M
Advertising and promotionLn 12$432K$424K$8K
Office expensesLn 13$249K$194K$55K
Information technologyLn 14$213K$213K
OccupancyLn 16$1.8M$1.8M
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$8K$8K
InterestLn 20$1.8M$1.8M
Payments to affiliatesLn 21$3.1M$3.1M
Depreciation, depletion and amortizationLn 22$2.9M$2.9M
InsuranceLn 23$637K$637K
Other expenses (24a–d)Ln 24$247K$247K
Total functional expensesLn 25$27.6M$25.5M$2.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $26.7M$27.6M−$909K−$5.5M 990 PDF
FY2024 $26.9M$28.3M−$1.4M−$3.5M 990 PDF
FY2023 $21.3M$26.7M−$5.4M−$2.6M 990 PDF
FY2022 $17.7M$22.1M−$4.4M$163K 990 PDF
FY2021 $22.2M$21.0M$1.3M$2.4M 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 FY2025 990 (6 parts)
Part I · Summary $26,701,007 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,988,837$248,702
I-9 Program service revenuePrior year $23,959,388$25,317,720
I-10 Investment incomePrior year $582,542$654,879
I-11 Other revenuePrior year $387,270$479,706
I-12 Total revenuePrior year $26,918,037$26,701,007
I-13 Grants and similar amounts paidPrior year $455,547$12,809
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,166,874$8,444,242
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,657,013$19,152,951
I-18 Total expensesPrior year $28,279,434$27,610,002
I-19 Revenue less expensesPrior year −$1,361,397−$908,995
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $26,701,007 across 8 lines filed
VIII-1f All other contributions, gifts and grants$248,702
VIII-1h Total contributions, gifts and grants$248,702
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,317,720$25,317,720
VIII-3 Investment incomeExcluded from tax $376,313$376,313
VIII-6 Net rental income or lossExcluded from tax $163,024$163,024
VIII-7 Net gain or loss on sales of assetsExcluded from tax $278,566$278,566
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $316,682$316,682
VIII-12 Total revenueRelated to mission $25,634,402 · Unrelated business $0 · Excluded from tax $817,903$26,701,007
Part IX · Statement of functional expenses $27,610,002 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $12,809$12,809
IX-7 Other salaries and wagesPrograms $6,936,298$6,936,298
IX-8 Pension plan contributionsPrograms $95,930$95,930
IX-9 Other employee benefitsPrograms $860,372$860,372
IX-10 Payroll taxesPrograms $551,642$551,642
IX-11a Management feesManagement $1,926,668$1,926,668
IX-11b Legal feesPrograms $12,410$12,410
IX-11c Accounting feesManagement $88,815$88,815
IX-11f Investment management feesManagement $8,777$8,777
IX-11g Other fees for servicesPrograms $5,762,324$5,762,324
IX-12 Advertising and promotionPrograms $423,782 · Management $7,971$431,753
IX-13 Office expensesPrograms $193,653 · Management $54,890$248,543
IX-14 Information technologyPrograms $213,378$213,378
IX-16 OccupancyPrograms $1,823,019$1,823,019
IX-17 TravelPrograms $5,921$5,921
IX-19 Conferences, conventions and meetingsPrograms $8,047$8,047
IX-20 InterestPrograms $1,809,730$1,809,730
IX-21 Payments to affiliatesPrograms $3,051,551$3,051,551
IX-22 Depreciation, depletion and amortizationPrograms $2,878,006$2,878,006
IX-23 InsurancePrograms $636,938$636,938
IX-24 Other expenses (24a–d)Programs $247,071$247,071
IX-25 Total functional expensesPrograms $25,522,881 · Management $2,087,121 · Fundraising $0$27,610,002
Part X · Balance sheet $72,419,060 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $540$1,038
X-2 Savings and temporary cash investmentsStart of year $1,110,172$1,760,473
X-4 Accounts receivableStart of year $3,399,829$2,999,418
X-9 Prepaid expenses and deferred chargesStart of year $114,218$93,418
X-10c Land, buildings and equipment, netStart of year $56,812,056$54,412,546
X-11 Publicly traded securitiesStart of year $7,849,666$8,610,200
X-15 Other assetsStart of year $5,754,753$4,541,967
X-16 Total assetsStart of year $75,041,234$72,419,060
X-17 Accounts payable and accrued expensesStart of year $2,772,179$3,653,256
X-19 Deferred revenueStart of year $977,146$943,449
X-20 Tax-exempt bond liabilitiesStart of year $47,670,162$46,475,219
X-25 Other liabilitiesStart of year $26,828,815$26,690,981
X-26 Total liabilitiesStart of year $78,545,811$77,923,110
X-27 Net assets without donor restrictionsStart of year −$3,504,577−$5,504,050
X-32 Total net assets or fund balancesStart of year −$3,504,577−$5,504,050
X-33 Total liabilities and net assetsStart of year $75,041,234$72,419,060
Part XI · Reconciliation of net assets −$5,504,050 net assets at year end
XI-1 Total revenue$26,701,007
XI-2 Total expenses$27,610,002
XI-3 Revenue less expenses−$908,995
XI-4 Net assets at start of year−$3,504,577
XI-5 Net unrealized gains (losses) on investments$239,820
XI-9 Other changes in net assets−$1,330,298
XI-10 Net assets at end of year−$5,504,050

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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