THE WILLIAM J GOULD ASSOCIATES INC

EIN: 042134819 501(c)(3)

MONTEREY, MA

Total Revenue
$6,000,613
Total Expenses
$6,153,691
Total Assets
$13,186,217
Net Assets
$11,225,971
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
MA
Principal Officer
PHILIP MORRISON
Phone
4135281804
Tax Period
2024-07-01 to 2025-06-30

THE WILLIAM J GOULD ASSOCIATES INC, founded in 1929, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024.

Mission

GOULD FARM IS A THERAPEUTIC COMMUNITY THAT PROMOTES RECOVERY FOR PEOPLE WITH MENTAL HEALTH AND RELATED CHALLENGES THROUGH MEANINGFUL WORK, COMMUNITY LIVING, AND CLINICAL CARE.

Program Service Accomplishments

Program 1
Expenses: $5,485,235 Revenue: $4,800,413

GOULD FARM, FOUNDED IN 1913, IS A RESIDENTIAL THERAPEUTIC COMMUNITY DEDICATED TO HELPING ADULTS WITH MENTAL HEALTH AND RELATED CHALLENGES MOVE TOWARD RECOVERY AND INDEPENDENCE THROUGH COMMUNITY...

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GOULD FARM, FOUNDED IN 1913, IS A RESIDENTIAL THERAPEUTIC COMMUNITY DEDICATED TO HELPING ADULTS WITH MENTAL HEALTH AND RELATED CHALLENGES MOVE TOWARD RECOVERY AND INDEPENDENCE THROUGH COMMUNITY LIVING, MEANINGFUL WORK, AND CLINICAL CARE. WE REFER TO OUR RESIDENTS AS "GUESTS AND WELCOME THEM INTO A SUPPORTIVE COMMUNITY ENVIRONMENT MADE UP OF STAFF AND THEIR FAMILIES, MOST OF WHOM LIVE ON THE 700-ACRE CAMPUS. WE HELP ADULTS WITH DEPRESSION, BIPOLAR DISORDER, SCHIZOAFFECTIVE DISORDER, SCHIZOPHRENIA AND OTHER CHALLENGES REBUILD AND REGAIN THEIR LIVES. GOULD FARM OFFERS A FULL CONTINUUM OF SERVICES THAT INCLUDES INDIVIDUAL AND GROUP THERAPY, WORK THERAPY AND COMMUNITY RE-INTEGRATION SUPPORT. PROGRAMS IN BOTH BOSTON AND THE BERKSHIRES PROVIDE TRANSITIONAL SUPPORT FOR GUESTS READY TO LIVE MORE INDEPENDENTLY. VOCATIONAL COUNSELING IS AVAILABLE FOR THOSE PREPARING TO RETURN TO SCHOOL OR WORK. ACCOMPLISHMENTS THIS YEAR INCLUDED PROVIDING INTEGRATED TREATMENT TO 86 UNDUPLICATED PEOPLE INCLUDING 59 PEOPLE IN MONTEREY, MA AT THE FARM, 27 PEOPLE IN BOTH OUR RESIDENTIAL AND NON-RESIDENTIAL PROGRAMS AT FELLSIDE OUR BOSTON TRANSITION PROGRAM. IN ADDITION, WE COMPLETED EXTENSIVE RENOVATIONS OF THE MCKEE GUEST RESIDENCE. WE LAUNCHED THE QUIET PHASE OF AN ENDOWMENT AND CAPITAL CAMPAIGN. WE EXPANDED OUR WELLNESS PROGRAMMING TO INCLUDE INDIVIDUAL AND GROUP NUTRITION AND FITNESS EDUCATION AND SUPPORT.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $974,225
Program Service Revenue $4,590,363
Investment Income $146,382
Other Revenue $289,643
TOTAL REVENUE $6,000,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,512,557
Fundraising Expenses $250,993
Program Expenses $5,485,235
Other Expenses $2,591,134
TOTAL EXPENSES $6,153,691

Year-over-Year Comparison

2024 2023 Change
Revenue $6,000,613 $5,634,095 +0.1%
Expenses $6,153,691 $5,773,559 +0.1%
Net Income $-153,078 $-139,464 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
101
Volunteers
40

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
5
$144,876
Total Directors
14
$144,876
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM BRADLEY CO-CHAIR 4.00
Officer Director
$0 $0 $0
LAURIE HEATHERINGTON CO-CHAIR 4.00
Officer Director
$0 $0 $0
PHILIP MORRISON TREASURER 1.00
Officer Director
$0 $0 $0
CATHERINE MENDELSOHN CLERK 1.00
Officer Director
$0 $0 $0
ELIZABETH ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
ROBERTA WEISS DIRECTOR 1.00
Director
$0 $0 $0
LAUREN BEHRMAN DIRECTOR 1.00
Director
$0 $0 $0
STEVE KAHN DIRECTOR 1.00
Director
$0 $0 $0
DAVID KING DIRECTOR 1.00
Director
$0 $0 $0
CAROLE NOVICK DIRECTOR 1.00
Director
$0 $0 $0
SHEILA ROSENSTEIN DIRECTOR 1.00
Director
$0 $0 $0
STEVEN SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
PHYLLIS VINE DIRECTOR 1.00
Director
$0 $0 $0
LISANNE FINSTON EXECUTIVE DIRECTOR 40.00
Officer Director
$101,739 $43,137 $144,876
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 $6,000,613 $6,153,691 $13,186,217 $-153,078
2024 $5,634,095 $5,773,559 $13,387,438 $-139,464
2023 $5,916,994 $5,268,218 $13,420,531 $648,776
2022 $5,280,865 $5,031,518 $12,826,986 $249,347
2021 $5,351,067 $5,015,189 $13,053,264 $335,878
2020 $5,241,925 $4,583,332 $12,006,033 $658,593
2018 $5,932,779 $4,512,965 $10,630,299 $1,419,814
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