BERKSHIRE RETIREMENT HOME INC

EIN: 042103875 501(c)(3)

PITTSFIELD, MA

Total Revenue
$7,600,505
Total Expenses
$7,878,370
Total Assets
$12,517,378
Net Assets
$1,589,121
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1890
Legal Domicile
MA
Principal Officer
RICHARD HERRICK
Phone
4134454056
Tax Period
2024-06-01 to 2025-05-31

BERKSHIRE RETIREMENT HOME INC, founded in 1890, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2024.

Mission

TO BETTER SERVE THE HEALTHCARE NEEDS OF OUR COMMUNITY. OUR SERVICES FOCUS ON EXCEPTIONAL CARE AND SERVICES WITH AN EMPHASIS ON RETAINING A PERSONALIZED, HOME-LIKE ENVIRONMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,517
Program Service Revenue $7,532,166
Investment Income $44,822
Other Revenue $0
TOTAL REVENUE $7,600,505

Expense Breakdown

Grants Paid $900,000
Salaries & Benefits $3,878,990
Fundraising Expenses $0
Program Expenses $6,991,864
Other Expenses $3,099,380
TOTAL EXPENSES $7,878,370

Year-over-Year Comparison

2024 2023 Change
Revenue $7,600,505 $7,411,721 +0.0%
Expenses $7,878,370 $7,325,270 +0.1%
Net Income $-277,865 $86,451 -4.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
126
Volunteers
35

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$307,142
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD FORFA EXECUTIVE DIRECTOR 20.00
Officer
$143,766 $19,610 $307,142
ELIZABETH SHEPARD RN 80.00
Highest
$120,386 $1,600 $121,986
PATRICIA MEADER CNA 37.50
Highest
$124,210 $0 $124,210
JOHN MURPHY PRESIDENT 0.50
Officer Director
$0 $0 $0
MARK GILLIGAN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
NELSON FURLANO SECRETARY/CLERK/IMMED PAST PRES 0.50
Officer Director
$0 $0 $0
RICHARD HERRICK TREASURER 0.50
Officer Director
$0 $0 $0
DOROTHY MARA MEMBER/TREASURER UNTIL 10/24 0.50
Officer Director
$0 $0 $0
SHELLEY GUYETTE MEMBER 0.50
Director
$0 $0 $0
CRAIG KAHN MEMBER 0.50
Director
$0 $0 $0
ELIZABETH KIRBY MEMBER 0.50
Director
$0 $0 $0
TAMARA LEE MEMBER 0.50
Director
$0 $0 $0
VINCENT MARINARO MEMBER 0.50
Director
$0 $0 $0
MARK MCKENNA MEMBER 0.50
Director
$0 $0 $0
JACQUELINE MCNINCH MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,600,505 $7,878,370 $12,517,378 $-277,865
2024 $7,411,721 $7,325,270 $12,908,750 $86,451
2023 $6,619,553 $5,919,609 $13,156,670 $699,944
2022 $6,594,228 $5,775,893 $13,020,326 $818,335
2021 $7,503,836 $5,872,053 $14,447,914 $1,631,783
2020 $7,156,142 $5,911,512 $15,602,137 $1,244,630
2019 $7,194,502 $5,860,291 $15,470,177 $1,334,211
2018 $8,663,189 $6,214,862 $14,027,145 $2,448,327
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