IVES HILL RETIREMENT COMMUNITY INC

EIN: 161529379 501(c)(3) Housing & Shelter

WATERTOWN, NY

Total Revenue
$2,596,854
Total Expenses
$2,061,202
Total Assets
$12,375,114
Net Assets
$1,768,774
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
LISA RESSMAN
Phone
3157799590
Tax Period
2023-01-01 to 2023-12-31

IVES HILL RETIREMENT COMMUNITY INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $536K, a strong 21% operating margin.

Mission

IVES HILL RETIREMENT COMMUNITY, INC. WAS ESTABLISHED TO MAINTAIN AFFORDABLE HOUSING FOR SENIORS IN WATERTOWN, NY. A VARIETY OF SERVICES INCLUDING MEALS, TRANSPORTATION, HOUSEKEEPING, MAINTENANCE, LAWNCARE, SNOW REMOVAL, 24-HOUR EMERGENCY RESPONSE, PLANNED ACTIVITIES, AND WELLNESS SERVICES ARE PROVIDED OR AVAILABLE TO 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 (2023)

Revenue Breakdown

Contributions & Grants $3,994
Program Service Revenue $2,137,129
Investment Income $5,104
Other Revenue $450,627
TOTAL REVENUE $2,596,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $677,110
Fundraising Expenses $0
Program Expenses $1,063,711
Other Expenses $1,384,092
TOTAL EXPENSES $2,061,202

Year-over-Year Comparison

2023 2022 Change
Revenue $2,596,854 $2,071,786 +0.3%
Expenses $2,061,202 $2,094,480 0.0%
Net Income $535,652 $-22,694 -24.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
45
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
10
$1,322,356
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Haglund President & CEO 1
Officer
$0 $22,142 $329,522
Meghan Aldrich Chief Operating Officer 1
Officer
$0 $4,071 $260,497
Mark Wilcox Chief Information Officer 1
Officer
$0 $21,518 $204,457
Danielle Bozich Chief Human Resources Officer 1
Officer
$0 $12,802 $193,883
Samuel Hill Chief of Mission Advancement 1
Officer
$0 $17,925 $175,404
Robin DiGregorio Regional Nursing Home Administrator 1
Highest
$0 $14,843 $167,521
Matthew Boswell Vice President of Finance 1
Highest
$0 $9,903 $164,122
Richard Whitver Managing Pharmacist 0
Highest
$0 $2,566 $163,091
Kathy Wetherell RN Supervisor 0
Highest
$0 $16,440 $143,967
Paul DeSantis Chief Financial Officer 1
Officer
$0 $6,286 $120,795
Lisa Ressman Chief Financial Officer 1
Officer
$0 $1,212 $37,798
Peter Schmitt Board Member 1
Director
$0 $0 $0
Sam Shreffler Board Member 1
Director
$0 $0 $0
Walter Fleming Chair 1
Officer Director
$0 $0 $0
Susan Wilston Vice Chair 1
Officer Director
$0 $0 $0
Susanne Mohnkern Board Member 1
Director
$0 $0 $0
Jane Spencer Board Member 1
Director
$0 $0 $0
Janet Snyder Board Member 1
Director
$0 $0 $0
Larry Roberts Secretary/Treasurer 1
Officer Director
$0 $0 $0
Honna Curtis Board Member 1
Director
$0 $0 $0
Judy Rich Board Member 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
2024 No data No data No data No data
2023 $2,596,854 $2,061,202 $12,375,114 $535,652
2022 $2,071,786 $2,094,480 $11,843,070 $-22,694
2021 $2,109,294 $1,947,261 $11,878,800 $162,033
2020 $1,923,109 $1,838,964 $12,225,533 $84,145
2019 $1,800,979 $1,479,647 $9,170,759 $321,332
2018 $1,794,162 $1,542,453 $9,757,549 $251,709
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