GREENWOOD RESIDENCES INC

EIN: 161345198 501(c)(3)

GETZVILLE, NY

Total Revenue
$1,673,678
Total Expenses
$1,166,696
Total Assets
$2,923,024
Net Assets
$2,839,593
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
Principal Officer
ROBERT T MAYER
Phone
7166393311
Tax Period
2021-01-01 to 2021-12-31

GREENWOOD RESIDENCES INC, founded in 1989, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2021. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $507K, a strong 30% operating margin.

Mission

THE MISSION OF MENORAH CAMPUS, INC. D/B/A THE HARRY AND JEANETTE WEINBERG CAMPUS, IS TO ADDRESS THE FULL NEEDS OF OLDER PEOPLE IN OUR REGION: MEDICAL, RESIDENTIAL, EMOTIONAL, FINANCIAL, SOCIAL, AND SPIRITUAL. GREENWOOD RESIDENCES, INC. IS A SUBSIDIARY OF MENORAH CAMPUS, INC. AND IS A COMMUNITY RESIDENCE WHICH PROVIDES FULL-TIME SUPERVISION IN A HOME-LIKE SETTING TO 26 PEOPLE WHO ARE MENTALLY DISABLED.

Program Service Accomplishments

Program 1
Expenses: $1,056,617 Revenue: $1,673,678

MENORAH CAMPUS INC. D/B/A THE HARRY AND JEANETTE WEINBERG CAMPUS ("WEINBERG CAMPUS") IS AN EXEMPT ORGANIZATION AND IS THE SOLE MEMBER FOR 8 EXEMPT OPERATING SUBSIDIARIES INCLUDING GREENWOOD...

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MENORAH CAMPUS INC. D/B/A THE HARRY AND JEANETTE WEINBERG CAMPUS ("WEINBERG CAMPUS") IS AN EXEMPT ORGANIZATION AND IS THE SOLE MEMBER FOR 8 EXEMPT OPERATING SUBSIDIARIES INCLUDING GREENWOOD RESIDENCES, INC. WEINBERG CAMPUS, THROUGH ITS OPERATING SUBSIDIARIES, OFFERS A VARIETY OF LIVING OPTIONS AND CUSTOMIZABLE CARE PROGRAMS TO MEET THE NEEDS OF SENIORS IN WESTERN NEW YORK. THE SERVICES PROVIDED RANGE FROM INDEPENDENT LIVING APARTMENTS WITH SUPPORTIVE SERVICES AVAILABLE AS NEEDED TO A MORE STRUCTURED ADULT HOME SETTING, TO SOCIAL AND MEDICAL DAY PROGRAMS, SHORT TERM REHABILITATION, A NURSING HOME, HOME CARE, AND A MENTAL HEALTH RESIDENCE. WEINBERG CAMPUS IS A LEADER IN DEVELOPING THOUGHTFUL APPROACHES TO THE CHALLENGES OF AGING AND STRIVES TO CREATE A HOME-LIKE ENVIRONMENT THAT ASSISTS INDIVIDUALS TO LIVE ACCORDING TO THEIR NEEDS AND VALUES. WEINBERG CAMPUS PROVIDES SERVICES TO APPROXIMATELY 2,000 INDIVIDUALS ON AN ANNUAL BASIS. GREENWOOD RESIDENCES, INC. IS A COMMUNITY RESIDENCE WHICH PROVIDES FULL-TIME SUPERVISION IN A HOME-LIKE SETTING TO 26 PEOPLE WHO ARE MENTALLY DISABLED. GREENWOOD RESIDENCES, INC. IS NORMALLY 100% OCCUPIED WITH MEDICAID ELIGIBLE RESIDENTS. FEATURES INCLUDE 24 HOUR SUPERVISION BY TRAINED RESIDENT COUNSELORS WHO ASSIST WITH DAILY LIVING ACTIVITIES, NUTRITIONAL SERVICES (THREE MEALS PER DAY, PLUS OTHERS AS REQUIRED), ACTIVITY PROGRAM INCLUDING IN-HOUSE ACTIVITIES AS WELL AS COMMUNITY EXCURSIONS, HOUSEKEEPING, MAINTENANCE, LAUNDRY SERVICES, 24 HOUR SECURITY, AND MEETINGS WITH FAMILIES TO DISCUSS SPECIAL CARE OF RESIDENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,673,678
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,673,678

Expense Breakdown

Grants Paid $0
Salaries & Benefits $791,712
Fundraising Expenses $0
Program Expenses $1,056,617
Other Expenses $374,984
TOTAL EXPENSES $1,166,696

Year-over-Year Comparison

2021 2020 Change
Revenue $1,673,678 $1,091,049 +0.5%
Expenses $1,166,696 $1,156,496 +0.0%
Net Income $506,982 $-65,447 -8.7%
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
8
Independent Members
7
Employees
26
Volunteers
N/A

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
3
$353,020
Total Directors
9
$353,020
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT T MAYER PRESIDENT/CEO & ASSISTANT SECRETARY 1
Officer Director
$0 $110,521 $353,020
MATTHEW MCDOUGAL ADMINISTRATOR 0
Highest
$0 $0 $205,000
DAVID DUNKELMAN FORMER PRESIDENT/CEO 0
$0 $0 $178,723
MELISSA FEIDER HR DIRECTOR 0
Highest
$0 $20,621 $142,775
KENNETH A ROGERS CHAIRMAN 0.1
Officer Director
$0 $0 $0
RICHARD H GORDON SECRETARY 0.1
Officer Director
$0 $0 $0
LAWRENCE M COHEN DIRECTOR 0.1
Director
$0 $0 $0
MARK A CRIDEN DIRECTOR 0.1
Director
$0 $0 $0
ORRIN D TOBBE DIRECTOR 0.1
Director
$0 $0 $0
JANET K WISBAUM DIRECTOR 0.1
Director
$0 $0 $0
CYNTHIA A KOMM DIRECTOR 0.1
Director
$0 $0 $0
LITO GUTIERREZ DIRECTOR 0.1
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
2021 $1,673,678 $1,166,696 $2,923,024 $506,982
2020 $1,091,049 $1,156,496 $2,712,083 $-65,447
2019 $1,245,572 $1,119,253 $2,613,543 $126,319
2018 $1,265,099 $1,111,243 $2,629,041 $153,856
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