GEER WOODS INC

EIN: 061539792 501(c)(3) Housing & Shelter

CANAAN, CT

Total Revenue
$6,076,056
Total Expenses
$7,353,474
Total Assets
$12,680,527
Net Assets
$-10,911,604
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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
1999
Legal Domicile
CT
Principal Officer
SHAUN POWELL
Phone
8608245137
Tax Period
2023-10-01 to 2024-09-30

GEER WOODS INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $6.1M in total revenue in fiscal year 2023. Expenses of $7.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

OPERATION OF INDEPENDENT LIVING AND ASSISTED LIVING FACILITY AS PART OF GEER VILLAGE (SEE SCH. O)GEER VILLAGE SENIOR COMMUNITY IS A NONPROFIT ORGANIZATION THAT ENCOMPASSES 5 DIFFERENT 501(C)(3) ENTITIES. GEER WOODS, INC. IS PART OF GEER VILLAGE SENIOR COMMUNITY AND ITS MOST SIGNIFICANT ACTIVITY IS THE OPERATION OF AN ASSISTED LIVING FACILITY FOR INDIVIDUALS OVER THE AGE OF 55, INCORPORATING VARIOUS LEVELS OF CARE WHICH FULFILLS THE MISSION TO CONSOLE, TREAT, STRENGTHEN AND REFRESH THE BODIES, MINDS AND SPIRITS OF THE ELDERLY AND DISABLED.

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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 $0
Program Service Revenue $6,048,990
Investment Income $126
Other Revenue $26,940
TOTAL REVENUE $6,076,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,594,584
Fundraising Expenses $0
Program Expenses $5,523,501
Other Expenses $3,758,890
TOTAL EXPENSES $7,353,474

Year-over-Year Comparison

2023 2022 Change
Revenue $6,076,056 $5,948,594 +0.0%
Expenses $7,353,474 $7,068,833 +0.0%
Net Income $-1,277,418 $-1,120,239 +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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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
6
Independent Members
6
Employees
105
Volunteers
10

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
$418,566
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL HERRICK TREASURER 0.50
Officer Director
$0 $0 $0
RICHARD SOLAN VICE CHAIR 0.50
Officer Director
$0 $0 $0
CYD EMMONS DIRECTOR 0.50
Director
$0 $0 $0
KARIN ROBINSON DIRECTOR 0.50
Director
$0 $0 $0
EILEEN FOX SECRETARY 0.50
Officer Director
$0 $0 $0
LANCE LEIFERT CHAIR 0.50
Officer Director
$0 $0 $0
ANASTACIA NICHOLAS E.D. AT GEER WOODS/FOUNDATION 26.00
Officer
$45,102 $15,742 $162,930
D SHAUN POWELL CEO/CFO 5.00
Officer
$0 $9,302 $255,636
LISA VIDETTO NURSE 40.00
Highest
$110,591 $17,133 $127,724
KEVIN O'CONNELL FORMER CEO 0.00
$0 $13,329 $180,102
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 $6,076,056 $7,353,474 $12,680,527 $-1,277,418
2023 $5,948,594 $7,068,833 $13,758,384 $-1,120,239
2022 $6,975,750 $6,965,901 $15,539,153 $9,849
2021 $7,692,036 $8,618,214 $16,105,783 $-926,178
2020 $7,029,130 $7,429,843 $16,405,584 $-400,713
2019 $7,476,510 $7,467,869 $16,781,739 $8,641
2018 $6,951,883 $8,539,828 $17,585,439 $-1,587,945
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