JOHN CLARKE RETIREMENT CENTER

EIN: 050382511 501(c)(3)

MIDDLETOWN, RI

Total Revenue
$8,805,081
Total Expenses
$8,187,027
Total Assets
$8,229,542
Net Assets
$5,543,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
RI
Principal Officer
JOAN M WOODS
Phone
4018460743
Tax Period
2024-01-01 to 2024-12-31

JOHN CLARKE RETIREMENT CENTER, founded in 1979, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $8.2M left a modest 7% surplus.

Mission

JOHN CLARKE SENIOR LIVING'S MISSION IS TO IMPROVE THE LIVES WE SERVE WITH RESPECT, COMPASSION AND KINDNESS. OUR VISION IS TO BE THE SENIOR LIVING PROVIDER OF CHOICE.THE CENTER COMPLIES WITH CIVIL RIGHTS LAW & DOES NOT EXCLUDE, DENY BENEFITS TO, OR OTHERWISE DISCRIMINATE AGAINST ANY PERSON (I.E. PATIENTS, EMPLOYEES, OR VISITORS) BECAUSE OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, GENDER, GENDER EXPRESSION, GENDER IDENTITY, SEXUAL ORIENTATION, HIV STATUS, AGE, DISABILITY, MARITAL STATUS, PREGNANCY, ANCESTRY, GENETIC INFORMATION, AMNESTY OR VETERAN STATUS IN HIRING, ADMISSION TO, PARTICIPATION IN, OR RECEIPT OF THE SERVICES & BENEFITS UNDER ANY OF ITS PROGRAMS & ACTIVITIES WHETHER CARRIED OUT BY THE LOCATION DIRECTLY, OR THROUGH A CONTRACTOR OR ANY OTHER ENTITY.

Program Service Accomplishments

Program 1
Expenses: $6,536,769 Revenue: $7,423,105

THE CENTER'S OPERATIONS INCLUDES A NURSING CENTER AND RETIREMENT CENTER FOR THE ELDERLY AND NEEDY. THE NURSING HOME IS A 60 BED FACILITY THAT IS MEDICARE AND MEDICAID CERTIFIED. THE NURSING HOME ALSO...

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THE CENTER'S OPERATIONS INCLUDES A NURSING CENTER AND RETIREMENT CENTER FOR THE ELDERLY AND NEEDY. THE NURSING HOME IS A 60 BED FACILITY THAT IS MEDICARE AND MEDICAID CERTIFIED. THE NURSING HOME ALSO PROVIDED PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH THERAPY. DURING 2024 THERE WERE 20,584 BED DAYS PROVIDED. INCLUDED IN THIS TOTAL WERE 10,916 MEDICAID AND 1,416 MEDICARE BED DAYS PROVIDED.

Program 2
Expenses: $705,491 Revenue: $892,726

THE RETIREMENT CENTER IS A TWO LEVEL 50 APARTMENT FACILITY FEATURING A LIVING ROOM, BEDROOM, FULL BATH AND ALL-ELECTRIC KITCHENS.

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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 $339,860
Program Service Revenue $8,315,831
Investment Income $106,417
Other Revenue $42,973
TOTAL REVENUE $8,805,081

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,000,279
Fundraising Expenses $0
Program Expenses $7,242,260
Other Expenses $3,186,748
TOTAL EXPENSES $8,187,027

Year-over-Year Comparison

2024 2023 Change
Revenue $8,805,081 $8,096,712 +0.1%
Expenses $8,187,027 $7,787,694 +0.1%
Net Income $618,054 $309,018 +1.0%
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
11
Independent Members
11
Employees
113
Volunteers
1

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
$314,735
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN THORPE PRESIDENT 4.00
Officer Director
$0 $0 $0
PETER L CHATELLIER VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
DAVID MAINE SECRETARY 4.00
Officer Director
$0 $0 $0
HUGH J HALL TREASURER 4.00
Officer Director
$0 $0 $0
JOHN BAGWILL DIRECTOR 1.00
Director
$0 $0 $0
REGINA M DUBLIN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER FAIRBANK DIRECTOR 1.00
Director
$0 $0 $0
JOE MARION DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE MCGUIRE DIRECTOR 1.00
Director
$0 $0 $0
DIANE MEDEROS DIRECTOR 1.00
Director
$0 $0 $0
JOHN SWEENEY DIRECTOR 1.00
Director
$0 $0 $0
JOAN M WOODS CEO/ADMINISTRATOR 40.00
Officer
$178,966 $3,358 $182,324
CINDY MACIOCI EXECUTIVE DIRECTOR 40.00
Officer
$122,622 $9,789 $132,411
DIONNE S WILLIAMS-ROSSI REGISTERED NURSE 40.00
Highest
$131,983 $8,813 $140,796
SHARON BIRD REGISTERED NURSE 40.00
Highest
$105,612 $17,773 $123,385
JOB C PALAYA REGISTERED NURSE 40.00
Highest
$106,714 $8,498 $115,212
TERESA HANOS REGISTERED NURSE 40.00
Highest
$104,954 $0 $104,954
KIMBERLY DOUGHERTY DIRECTOR OF NURSING 40.00
Highest
$101,251 $6,533 $107,784
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 $8,805,081 $8,187,027 $8,229,542 $618,054
2023 $8,096,712 $7,787,694 $7,433,185 $309,018
2022 $7,476,155 $6,977,273 $6,985,858 $498,882
2021 $8,516,210 $7,224,753 $6,452,291 $1,291,457
2020 $7,901,223 $6,931,074 $5,931,040 $970,149
2019 $6,584,962 $6,951,508 $5,410,132 $-366,546
2018 $6,508,776 $7,416,007 $5,712,116 $-907,231
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