Riverwoods Group FY2022 filing

Tax-deductible

Durham, NH501(c)(3)Since 2011Human ServicesEIN 45-1450956Revenue $6.8M in FY2022

On file with the IRSriverwoodsgroup.org121 Technology Drive, 03824-4721 · Durham, NHTax-exempt since Mar 2012Supporting org, Type I — 509(a)(3)

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To plan, coordinate, implement and further the missions of the Riverwoods Group members

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$1.7M 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

FY2022 · 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
0 of 5
filings with a surplus
Average deficit $729K a year · 10% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$814K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 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
$6.8M
+48% vs prior year
Spent
$7.0M
To programs
62%
Net assets
$21.5M
By yearFY2021–FY2025
Revenue
$6.8M
FY2022▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2021$4.6M
FY2022$6.8M
FY2023$6.7M
FY2024$8.9M
FY2025$10.5M
Expenses
$7.0M
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.8M
FY2022$7.0M
FY2023$7.8M
FY2024$9.3M
FY2025$11.3M
Net assets
$21.5M
FY2022▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2021$13.8M
FY2022$21.5M
FY2023$21.0M
FY2024$21.3M
FY2025$22.6M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Mar 2012.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $4.3M Management & general 38% · $2.6M

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

15 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$504,353Pt VII · Sec A
$292,267Pt VII · Sec A
VP of Marketing
$209,036Pt VII · Sec A
VP of Quality
$196,377Pt VII · Sec A
CIO - Left December 2021
$186,987Pt VII · Sec A
Director of Finance
$144,068Pt VII · Sec A
Director of IT
$131,027Pt VII · Sec A
Treasurer - Left June 2022
$0Pt VII · Sec A

Justine Vogel’s $518K as CEO/Clerk is at the 96th 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
Justine Vogel$518,164$504,915$467,759$504,353$412,246
Kevin Goyette$373,948$349,077$311,676$292,267$284,184
Kimberly Gaskell$287,089$260,341———
John Bowe$266,919$227,260$199,926——
David Lafferty$254,355$260,181$223,148——
Cathleen Toomey$237,049$251,888$216,159$209,036$219,412
Cynthia Martin—$244,969$205,021$196,377$189,735
Kathy Burkle———$186,987$196,485

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

Coordinates and implements missions for Riverwoods Group members.

Questions for Riverwoods Group

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Provided by the organization

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3 programs · $4.3M · in their own filed words · FY2021
01

Support Rwe

This program currently includes two primary FUNCTIONS:(1) to centralize the administrative and management functions for the three CAMPUSES(2) to explore opportunities for expansion, and plan for and implement an integrated system of non-profit, charitable continuing care retirement communities

$2.1Mprogram expense
02

Support Rwd

This program currently includes two primary FUNCTIONS:(1) to centralize the administrative and management functions for the CAMPUS(2) to explore opportunities for expansion, and plan for and implement an integrated system of non-profit, charitable continuing care retirement communities

$1.3Mprogram expense
03

Support Rwm

This program currently includes two primary FUNCTIONS:(1) to centralize the administrative and management functions for the CAMPUS(2) to explore opportunities for expansion, and plan for and implement an integrated system of non-profit, charitable continuing care retirement communities

$885Kprogram 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$75K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.8M
Ln 12
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$574K
Gifts and grantsLn 1h$484
Money outPt IX
$7.0M
Ln 25
Programscol B$4.3M
Managementcol C$2.6M
Owns and owesPt X
$21.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$22.3M
LiabilitiesLn 26$814K
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$484
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$574K
Gains on assetsLn 7$277K
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$3.6M
SavingsLn 2$26K
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$14.9M
Land, buildings, equipmentLn 10c$340K
Other assetsLn 15$3.2M
Total assetsLn 16$22.3M
LiabilitiesLn 26$814K
Net assetsLn 32$21.5M
OperationsPt I, VI
EmployeesI 565
VolunteersI 68
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 FY22End FY22
Cash and savingsLn 1–2$931K$3.6M
InvestmentsLn 11–13$9.8M$14.9M
Land, buildings, equipmentLn 10c$156K$340K
Total assetsLn 16$14.3M$22.3M
LiabilitiesLn 26$549K$814K
Net assetsLn 32$13.8M$21.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$842K$842K
Other salaries and wagesLn 7$4.2M$3.4M$857K
Pension plan contributionsLn 8$67K$48K$19K
Other employee benefitsLn 9$490K$336K$154K
Payroll taxesLn 10$328K$213K$115K
Legal feesLn 11b$21K$15K$5K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$34K$34K
Other fees for servicesLn 11g$271K$74K$196K
Advertising and promotionLn 12$79K$65K$13K
Office expensesLn 13$87K$100$87K
Information technologyLn 14$50K$50K
OccupancyLn 16$80K$80K
TravelLn 17$38K$4K$34K
Depreciation, depletion and amortizationLn 22$46K$39K$7K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$287K$185K$102K
All other expensesLn 24e$25K$383$25K
Total functional expensesLn 25$7.0M$4.3M$2.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.5M$11.3M−$775K$22.6M 990 PDF
FY2024 $8.9M$9.3M−$406K$21.3M 990 PDF
FY2023 $6.7M$7.8M−$1.1M$21.0M 990 PDF
FY2022 Viewing $6.8M$7.0M−$160K$21.5M 990 PDF
FY2021 $4.6M$5.8M−$1.2M$13.8M 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 FY2022 990 (6 parts)
Part I · Summary $6,822,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,695$484
I-9 Program service revenuePrior year $4,075,529$6,247,632
I-10 Investment incomePrior year $322,926$573,887
I-11 Other revenuePrior year $193,621$0
I-12 Total revenuePrior year $4,616,771$6,822,003
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 $4,615,866$5,943,926
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,200,459$1,038,304
I-18 Total expensesPrior year $5,816,325$6,982,230
I-19 Revenue less expensesPrior year −$1,199,554−$160,227
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $6,822,003 across 6 lines filed
VIII-1f All other contributions, gifts and grants$484
VIII-1h Total contributions, gifts and grants$484
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,247,632$6,247,632
VIII-3 Investment incomeExcluded from tax $297,197$297,197
VIII-7 Net gain or loss on sales of assetsExcluded from tax $276,690$276,690
VIII-12 Total revenueRelated to mission $6,247,632 · Unrelated business $0 · Excluded from tax $573,887$6,822,003
Part IX · Statement of functional expenses $6,982,230 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $841,739$841,739
IX-7 Other salaries and wagesPrograms $3,360,005 · Management $857,396$4,217,401
IX-8 Pension plan contributionsPrograms $48,004 · Management $18,558$66,562
IX-9 Other employee benefitsPrograms $335,531 · Management $154,398$489,929
IX-10 Payroll taxesPrograms $213,392 · Management $114,903$328,295
IX-11b Legal feesPrograms $15,382 · Management $5,127$20,509
IX-11c Accounting feesManagement $18,273$18,273
IX-11f Investment management feesManagement $33,749$33,749
IX-11g Other fees for servicesPrograms $74,405 · Management $196,312$270,717
IX-12 Advertising and promotionPrograms $65,290 · Management $13,405$78,695
IX-13 Office expensesPrograms $100 · Management $87,045$87,145
IX-14 Information technologyManagement $49,856$49,856
IX-16 OccupancyManagement $80,000$80,000
IX-17 TravelPrograms $3,539 · Management $34,086$37,625
IX-22 Depreciation, depletion and amortizationPrograms $39,035 · Management $6,888$45,923
IX-23 InsuranceManagement $3,447$3,447
IX-24 Other expenses (24a–d)Programs $184,873 · Management $102,082$286,955
IX-24e All other expensesPrograms $383 · Management $25,027$25,410
IX-25 Total functional expensesPrograms $4,339,939 · Management $2,642,291 · Fundraising $0$6,982,230
Part X · Balance sheet $22,317,301 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $781,471$3,593,026
X-2 Savings and temporary cash investmentsStart of year $149,205$25,877
X-4 Accounts receivableStart of year $5,492$12,955
X-8 Inventories for sale or useStart of year $338,716$232,995
X-9 Prepaid expenses and deferred chargesStart of year $4,809$22,973
X-10c Land, buildings and equipment, netStart of year $155,510$340,024
X-11 Publicly traded securitiesStart of year $9,803,333$14,904,064
X-15 Other assetsStart of year $3,080,668$3,185,387
X-16 Total assetsStart of year $14,319,204$22,317,301
X-17 Accounts payable and accrued expensesStart of year $548,977$814,096
X-26 Total liabilitiesStart of year $548,977$814,096
X-27 Net assets without donor restrictionsStart of year $13,770,227$21,502,721
X-28 Net assets with donor restrictions$484
X-32 Total net assets or fund balancesStart of year $13,770,227$21,503,205
X-33 Total liabilities and net assetsStart of year $14,319,204$22,317,301
Part XI · Reconciliation of net assets $21,503,205 net assets at year end
XI-1 Total revenue$6,822,003
XI-2 Total expenses$6,982,230
XI-3 Revenue less expenses−$160,227
XI-4 Net assets at start of year$13,770,227
XI-5 Net unrealized gains (losses) on investments−$1,606,795
XI-9 Other changes in net assets$9,500,000
XI-10 Net assets at end of year$21,503,205

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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