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.
89¢ of each $1 spent went to programs.
$151K 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
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
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
$151K
to officers and key staff · 0.7% 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 $12.1M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $12.1M 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
$76.8M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.2M
Spent
$21.0M
To programs
89%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$22.2M
FY2021
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
$21.0M
FY2021
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
$2.4M
FY2021
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 FY2021 Form 990 (year ending June 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 Feb 1934.

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% · $18.7M Management & general 11% · $2.3M

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

14 people listed on the 990; $151K 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
Executive Director
$150,903Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Board Chair
$0Pt VII · Sec A
$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 · $18.7M · in their own filed words · FY2020
01

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.

$7.5Mprogram expense
02

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 100 bed skilled nursing care unit. Services provided include 24-HOUR nursing care and rehabilitation services.

$6.3Mprogram 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.

$4.8Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$22.2M
Ln 12
Fees for servicesLn 2g$15.7M
Investment incomeLn 3$3.5M
Gifts and grantsLn 1h$2.7M
Money outPt IX
$21.0M
Ln 25
Programscol B$18.7M
Managementcol C$2.3M
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$79.2M
LiabilitiesLn 26$76.8M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$1.8M
Fees for servicesLn 2g$15.7M
Investment incomeLn 3$3.5M
Other incomeLn 4–11$297K
Gains on assetsLn 7$3.3M
Total revenueLn 12$22.2M
Assets in detailPt X, end of year
CashLn 1$540
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$12.1M
Land, buildings, equipmentLn 10c$64.0M
Other assetsLn 15$3K
Total assetsLn 16$79.2M
LiabilitiesLn 26$76.8M
Net assetsLn 32$2.4M
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 FY21End FY21
Cash and savingsLn 1–2$3.1M$1.6M
InvestmentsLn 11–13$10.7M$12.1M
Land, buildings, equipmentLn 10c$52.1M$64.0M
Total assetsLn 16$68.4M$79.2M
LiabilitiesLn 26$69.0M$76.8M
Net assetsLn 32−$592K$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$505K$505K
Other salaries and wagesLn 7$5.3M$5.3M
Pension plan contributionsLn 8$67K$67K
Other employee benefitsLn 9$762K$762K
Payroll taxesLn 10$386K$386K
Management feesLn 11a$1.8M$1.8M
Accounting feesLn 11c$46K$46K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$3.1M$3.1M$4K
Advertising and promotionLn 12$301K$301K
Office expensesLn 13$438K$374K$64K
Information technologyLn 14$101K$101K
OccupancyLn 16$1.9M$1.9M
TravelLn 17$36K$36K
Conferences, conventions and meetingsLn 19$4K$3K$1K
InterestLn 20$984K$984K
Payments to affiliatesLn 21$2.2M$2.2M
Depreciation, depletion and amortizationLn 22$2.2M$2.2M
InsuranceLn 23$456K$456K
Other expenses (24a–d)Ln 24$422K$144K$278K
Total functional expensesLn 25$21.0M$18.7M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $22,233,718 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,813,562$2,662,545
I-9 Program service revenuePrior year $20,093,330$15,734,481
I-10 Investment incomePrior year $272,187$3,539,737
I-11 Other revenuePrior year $1,129,542$296,955
I-12 Total revenuePrior year $28,308,621$22,233,718
I-13 Grants and similar amounts paidPrior year $204,203$505,459
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,135,002$6,482,725
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,544,290$13,962,149
I-18 Total expensesPrior year $22,883,495$20,950,333
I-19 Revenue less expensesPrior year $5,425,126$1,283,385
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $22,233,718 across 10 lines filed
VIII-1d Related organizations$607,015
VIII-1e Government grants$1,812,026
VIII-1f All other contributions, gifts and grants$243,504
VIII-1h Total contributions, gifts and grants$2,662,545
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,734,481$15,734,481
VIII-3 Investment incomeExcluded from tax $239,636$239,636
VIII-6 Net rental income or lossRelated to mission $33,165 · Excluded from tax $138,229$171,394
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,300,101$3,300,101
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $125,561$125,561
VIII-12 Total revenueRelated to mission $15,767,646 · Unrelated business $0 · Excluded from tax $3,803,527$22,233,718
Part IX · Statement of functional expenses $20,950,333 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $505,459$505,459
IX-7 Other salaries and wagesPrograms $5,267,372$5,267,372
IX-8 Pension plan contributionsPrograms $67,073$67,073
IX-9 Other employee benefitsPrograms $762,035$762,035
IX-10 Payroll taxesPrograms $386,245$386,245
IX-11a Management feesManagement $1,823,543$1,823,543
IX-11c Accounting feesManagement $46,146$46,146
IX-11f Investment management feesManagement $13,973$13,973
IX-11g Other fees for servicesPrograms $3,074,258 · Management $3,620$3,077,878
IX-12 Advertising and promotionPrograms $300,887$300,887
IX-13 Office expensesPrograms $373,989 · Management $63,584$437,573
IX-14 Information technologyPrograms $101,287$101,287
IX-16 OccupancyPrograms $1,861,557$1,861,557
IX-17 TravelManagement $35,703$35,703
IX-19 Conferences, conventions and meetingsPrograms $3,296 · Management $1,063$4,359
IX-20 InterestPrograms $983,642$983,642
IX-21 Payments to affiliatesPrograms $2,179,796$2,179,796
IX-22 Depreciation, depletion and amortizationPrograms $2,217,383$2,217,383
IX-23 InsurancePrograms $456,118$456,118
IX-24 Other expenses (24a–d)Programs $144,460 · Management $277,844$422,304
IX-25 Total functional expensesPrograms $18,684,857 · Management $2,265,476 · Fundraising $0$20,950,333
Part X · Balance sheet $79,240,798 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $540$540
X-2 Savings and temporary cash investmentsStart of year $3,061,433$1,639,735
X-4 Accounts receivableStart of year $2,130,310$1,330,367
X-9 Prepaid expenses and deferred chargesStart of year $110,887$162,719
X-10c Land, buildings and equipment, netStart of year $52,072,975$63,973,361
X-11 Publicly traded securitiesStart of year $10,686,253$12,130,765
X-15 Other assetsStart of year $308,043$3,311
X-16 Total assetsStart of year $68,370,441$79,240,798
X-17 Accounts payable and accrued expensesStart of year $4,029,834$2,214,168
X-19 Deferred revenueStart of year $1,272,166$1,097,104
X-20 Tax-exempt bond liabilitiesStart of year $33,663,969$46,415,802
X-25 Other liabilitiesStart of year $28,426,910$26,810,156
X-26 Total liabilitiesStart of year $68,962,483$76,809,587
X-27 Net assets without donor restrictionsStart of year −$592,042$2,431,211
X-32 Total net assets or fund balancesStart of year −$592,042$2,431,211
X-33 Total liabilities and net assetsStart of year $68,370,441$79,240,798
Part XI · Reconciliation of net assets $2,431,211 net assets at year end
XI-1 Total revenue$22,233,718
XI-2 Total expenses$20,950,333
XI-3 Revenue less expenses$1,283,385
XI-4 Net assets at start of year−$592,042
XI-5 Net unrealized gains (losses) on investments−$667,963
XI-9 Other changes in net assets$2,407,831
XI-10 Net assets at end of year$2,431,211

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

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