HOME FOR AGED WOMEN INC

EIN: 042104314 501(c)(3) Human Services

BROOKLINE, MA

Total Revenue
$14,364,862
Total Expenses
$10,329,368
Total Assets
$71,258,455
Net Assets
$69,151,904
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1849
Legal Domicile
MA
Principal Officer
CANDACE CRAMER
Phone
6177318500
Tax Period
2023-01-01 to 2023-12-31

HOME FOR AGED WOMEN INC, founded in 1849, is a mid-sized nonprofit in the Human Services sector that reported $14.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.0M, a strong 28% operating margin.

Mission

GODDARD HOUSE EMBRACES THE AGING EXPERIENCE FOR SENIORS LIVING IN THE BOSTON AREA BY OPERATING A HIGH-QUALITY ASSISTED LIVING COMMUNITY AND BY CREATING INNOVATIVE PROGRAMS WHICH SUPPORT OUR NEED FOR PURPOSE, ENGAGEMENT, AUTONOMY, AND CHOICE AS WE AGE.

Program Service Accomplishments

Program 1
Expenses: $7,495,323 Revenue: $10,780,314

GODDARD HOUSE IN BROOKLINE IS AN ASSISTED LIVING FACILITY WHERE SENIORS FIND THE SERVICES AND SECURITY THEY NEED WITHOUT GIVING UP THE TRADITIONS AND INDEPENDENCE THEY CHERISH. THE ASSISTED LIVING...

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GODDARD HOUSE IN BROOKLINE IS AN ASSISTED LIVING FACILITY WHERE SENIORS FIND THE SERVICES AND SECURITY THEY NEED WITHOUT GIVING UP THE TRADITIONS AND INDEPENDENCE THEY CHERISH. THE ASSISTED LIVING FACILITY CREATES AN ENVIRONMENT WHERE RESIDENTS MAINTAIN THEIR DIGNITY, PRIDE AND INDIVIDUALITY. THE ASSISTED LIVING FACILITY OFFERS 115 BEAUTIFULLY DESIGNED STUDIOS AND ONE AND TWO-BEDROOM APARTMENTS. THESE INCLUDE THE "OLMSTED PLACE" MEMORY-IMPAIRMENT PROGRAM WHICH HAS 44 APARTMENTS. IN 2023, 15% OF THE UNITS OF THE ASSISTED LIVING ARE DEVOTED TO OCCUPANTS WITH BELOW MARKET INCOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $224,920
Program Service Revenue $10,246,439
Investment Income $3,359,628
Other Revenue $533,875
TOTAL REVENUE $14,364,862

Expense Breakdown

Grants Paid $413,740
Salaries & Benefits $5,896,507
Fundraising Expenses $65,118
Program Expenses $7,495,323
Other Expenses $4,019,121
TOTAL EXPENSES $10,329,368

Year-over-Year Comparison

2023 2022 Change
Revenue $14,364,862 $12,609,010 +0.1%
Expenses $10,329,368 $9,928,549 +0.0%
Net Income $4,035,494 $2,680,461 +0.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
17
Employees
164
Volunteers
15

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
$270,885
Total Directors
18
$270,885
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDRA SCHWEITZER CHAIR/TRUSTEE 5.00
Officer Director
$0 $0 $0
VIJI KRISHNAN VICE CHAIR/TRUSTEE 5.00
Officer Director
$0 $0 $0
WILLIAM VAN DORN TREASURER/TRUSTEE 5.00
Officer Director
$0 $0 $0
DEANNE DUPONT ASSISTANT TREASURER/TRUSTE 5.00
Officer Director
$0 $0 $0
JANICE MASI CLERK/TRUSTEE 5.00
Officer Director
$0 $0 $0
NOREEN GUANCI TRUSTEE 2.00
Director
$0 $0 $0
JULIA D COX TRUSTEE 2.00
Director
$0 $0 $0
ANNA XIA TRUSTEE 2.00
Director
$0 $0 $0
LAURIE PASCAL TRUSTEE 2.00
Director
$0 $0 $0
MARK CAGGIANO TRUSTEE 2.00
Director
$0 $0 $0
CURT TOBEY TRUSTEE 2.00
Director
$0 $0 $0
IVOR CARY ARMISTEAD III TRUSTEE 2.00
Director
$0 $0 $0
LINDA THOMPSON TRUSTEE 2.00
Director
$0 $0 $0
DAVE TERRY TRUSTEE 2.00
Director
$0 $0 $0
BOB COCKS TRUSTEE 2.00
Director
$0 $0 $0
CANDACE L CRAMER CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$264,116 $6,769 $270,885
SARAH LEROY TRUSTEE 2.00
Director
$0 $0 $0
TAISHA HENDRICKSON TRUSTEE 2.00
Director
$0 $0 $0
LANCE CHAPMAN ASSISTANT EXECUTIVE DIRECTOR 40.00
Highest
$157,443 $6,111 $163,554
JOSEPHINE HOEY DIRECTOR OF BUSINESS ADMINISTRATION 40.00
Highest
$100,908 $4,683 $105,591
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
2024 No data No data No data No data
2023 $14,364,862 $10,329,368 $71,258,455 $4,035,494
2022 $12,609,010 $9,928,549 $62,307,752 $2,680,461
2021 $13,592,277 $9,860,327 $69,014,213 $3,731,950
2020 $11,208,166 $10,304,634 $61,976,193 $903,532
2019 $10,680,295 $9,082,309 $57,416,936 $1,597,986
2018 $10,743,339 $8,469,565 $50,078,833 $2,273,774
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