Goodwin House Foundation

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Through the power of philanthropy, we seek and celebrate generosity to carry out the mission of Goodwin living, to provide financial security to residents, to enable staff to thrive in their careers, and to support innovation, (continued on schedule o)thus enhancing the lives of older adults and those who care for them.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 258 volunteers and 12 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.0M a year · 53% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$504K
to officers and key staff · 14% of spending
Pay to officers and key staff is 14% of spending.
Part VII, Section A
2.5 mo
of spending, in cash
Plus $37.6M in investments, Pt X · Ln 11–13
2.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $976K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
3% of total assets
Liabilities are 3% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$6.8M
-13% vs prior year
Spent
$3.6M
To programs
80%
Net assets
$38.4M
By yearFY2020–FY2025
Revenue
$6.8M
FY2025▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$5.5M
FY2022$6.7M
FY2023$4.6M
FY2024$7.9M
FY2025$6.8M
Expenses
$3.6M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.7M
FY2022$2.1M
FY2023$3.1M
FY2024$3.4M
FY2025$3.6M
Net assets
$38.4M
FY2025▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.0M
FY2021$20.1M
FY2022$19.5M
FY2023$23.2M
FY2024$32.2M
FY2025$38.4M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1991.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.9M Management & general 8% · $295K Fundraising 11% · $410K

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

27 people listed on the 990; $504K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Philanthropy Officer
$273,951Pt VII · Sec A
Director of Development
$122,921Pt VII · Sec A
Director of Development
$106,816Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Valerie L Burke’s $274K as Chief Philanthropy Officer is at the 97th percentile of top reported officer pay among 3869 $1–10M 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.

See Goodwin House Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fundraises to provide financial security for older adults and support staff careers.

Questions for Goodwin House Foundation

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Your first name shows with your question. Goodwin House Foundation answers here, for everyone.

3 programs · $2.1M · in their own filed words · FY2024
01

Through the generosity of residents, family members, staff, friends, and organizations who wished to partner with our mission, the foundation was able to provide additional support for our residents in a myriad of ways, for a total of $734,969 which included providing for six positions ($511,851) - four team members from the brain health…

$757Kprogram expense
02

The foundation worked diligently to partner with its donors to support our team members as well. Through an incredible outpouring of generosity, we were able to provide $732,633 in funding for team members and their families.

$733Kprogram expense
03

Goodwin living foundation raises funds to underwrite the goodwin living resident support program which provides confidential financial assistance to residents who have outlived their financial resources.

$565Kprogram 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
See all 5 funders →
Grants paid · 12 grants · $6.3M · 2019–2024
Unitemized GrantFY2024$732,633
Goodwin House IncorporatedVA · FY2024$467,428
Unitemized GrantFY2023$604,965
Goodwin House IncorporatedVA · FY2023$557,335
Unitemized GrantFY2022$601,059
Goodwin House IncorporatedVA · FY2022$485,326
Unitemized GrantFY2021$470,357
Goodwin House IncorporatedVA · FY2021$461,913
Goodwin House IncorporatedVA · FY2020$476,080
Unitemized GrantFY2020$364,515
Unitemized GrantFY2019$551,046
Goodwin House IncorporatedVA · FY2019$534,421

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.8M
Ln 12
Gifts and grantsLn 1h$5.8M
Investment incomeLn 3$1.1M
Money outPt IX
$3.6M
Ln 25
Programscol B$2.9M
Managementcol C$295K
Fundraisingcol D$410K
Owns and owesPt X
$38.4M
net assets · Ln 32
Cash and savingsLn 1–2$740K
Total assetsLn 16$39.4M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
27
listed · VII A
PaidVII A3
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.8M
Noncash giftsLn 1g$523K
Investment incomeLn 3$1.1M
Gains on assetsLn 7$270K
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$740K
Cash and savings togetherLn 1–2$740K
Pledges and grants receivableLn 3$1.1M
InvestmentsLn 11–13$37.6M
Total assetsLn 16$39.4M
LiabilitiesLn 26$1.1M
Net assetsLn 32$38.4M
OperationsPt I, VI
EmployeesI 512
VolunteersI 6258
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$523K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$11K
Share of the $9.3M endowmentSch D 1g0.12%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$9.3M$6.6M$2.8M$1.7M$1.7M
AddedLn 1b$2.7M$3.8M$1.1M$3K$3K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$252K$740K
InvestmentsLn 11–13$31.2M$37.6M
Total assetsLn 16$33.1M$39.4M
LiabilitiesLn 26$880K$1.1M
Net assetsLn 32$32.2M$38.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$467K$467K
Grants to domestic individualsLn 2$733K$733K
Pay of officers and key staff (Part IX, line 5)Ln 5$360K$180K$180K
Other salaries and wagesLn 7$457K$307K$150K
Pension plan contributionsLn 8$28K$15K$12K
Other employee benefitsLn 9$25K$25K
Payroll taxesLn 10$50K$21K$11K$17K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$11K$11K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$55K$28K$26K
Information technologyLn 14$22K$22K
Conferences, conventions and meetingsLn 19$994$994
Other expenses (24a–d)Ln 24$925K$925K
All other expensesLn 24e$411K$356K$42K$13K
Total functional expensesLn 25$3.6M$2.9M$295K$410K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 12, 2026 $6.8M$3.6M$3.3M$38.4M 990 PDF
FY2024Filed with the IRS Aug 6, 2025 $7.9M$3.4M$4.5M$32.2M 990 PDF
FY2023Filed with the IRS Aug 9, 2024 $4.6M$3.1M$1.5M$23.2M 990 PDF
FY2022Filed with the IRS Aug 10, 2023 $6.7M$2.1M$4.5M$19.5M 990 PDF
FY2021Filed with the IRS Aug 14, 2022 $5.5M$1.7M$3.8M$20.1M 990 PDF
FY2020Filed with the IRS Aug 12, 2021 $2.2M$2.0M$172K$14.0M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $6,839,256 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,777,829$5,786,734
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,118,467$1,052,522
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,896,296$6,839,256
I-13 Grants and similar amounts paidPrior year $1,162,300$1,200,061
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $906,438$919,202
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,290,794$1,456,947
I-18 Total expensesPrior year $3,359,532$3,576,210
I-19 Revenue less expensesPrior year $4,536,764$3,263,046
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $6,839,256 across 7 lines filed
VIII-1d Related organizations$929,782
VIII-1f All other contributions, gifts and grants$4,856,952
VIII-1g Noncash contributions (included above)$522,535
VIII-1h Total contributions, gifts and grants$5,786,734
VIII-3 Investment incomeExcluded from tax $782,464$782,464
VIII-7 Net gain or loss on sales of assetsExcluded from tax $270,058$270,058
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,052,522$6,839,256
Part IX · Statement of functional expenses $3,576,210 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $467,428$467,428
IX-2 Grants to domestic individualsPrograms $732,633$732,633
IX-5 Pay of officers and key staff (Part IX, line 5)Management $179,987 · Fundraising $179,987$359,974
IX-7 Other salaries and wagesPrograms $307,128 · Fundraising $150,051$457,179
IX-8 Pension plan contributionsPrograms $15,356 · Fundraising $12,289$27,645
IX-9 Other employee benefitsPrograms $24,685$24,685
IX-10 Payroll taxesPrograms $21,499 · Management $10,747 · Fundraising $17,473$49,719
IX-11c Accounting feesManagement $21,000$21,000
IX-11f Investment management feesManagement $11,116$11,116
IX-11g Other fees for servicesFundraising $10,455$10,455
IX-13 Office expensesManagement $28,219 · Fundraising $26,447$54,666
IX-14 Information technologyPrograms $22,500$22,500
IX-19 Conferences, conventions and meetingsManagement $994$994
IX-24 Other expenses (24a–d)Programs $924,867$924,867
IX-24e All other expensesPrograms $355,699 · Management $42,459 · Fundraising $13,191$411,349
IX-25 Total functional expensesPrograms $2,871,795 · Management $294,522 · Fundraising $409,893$3,576,210
Part X · Balance sheet $39,434,166 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $251,525$739,501
X-3 Pledges and grants receivableStart of year $1,641,368$1,108,224
X-11 Publicly traded securitiesStart of year $31,201,772$37,586,341
X-16 Total assetsStart of year $33,094,765$39,434,166
X-17 Accounts payable and accrued expensesStart of year $863$1,864
X-25 Other liabilitiesStart of year $879,489$1,072,219
X-26 Total liabilitiesStart of year $880,352$1,074,083
X-27 Net assets without donor restrictionsStart of year $22,779,979$25,994,435
X-28 Net assets with donor restrictionsStart of year $9,434,434$12,365,648
X-32 Total net assets or fund balancesStart of year $32,214,413$38,360,083
X-33 Total liabilities and net assetsStart of year $33,094,765$39,434,166
Part XI · Reconciliation of net assets $38,360,083 net assets at year end
XI-1 Total revenue$6,839,256
XI-2 Total expenses$3,576,210
XI-3 Revenue less expenses$3,263,046
XI-4 Net assets at start of year$32,214,413
XI-5 Net unrealized gains (losses) on investments$2,833,441
XI-9 Other changes in net assets$49,183
XI-10 Net assets at end of year$38,360,083

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

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