Orchard Cove Inc

EIN: 223080006 501(c)(3) Human Services

Canton, MA

Total Revenue
$27,896,656
Total Expenses
$25,708,106
Total Assets
$70,356,805
Net Assets
$-81,812,882
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Phone
7818213175
Tax Period
2023-10-01 to 2024-09-30

Orchard Cove Inc, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $27.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $25.7M left a modest 8% surplus.

Mission

Orchard Cove, Inc. is a non-profit continuing care retirement community for the aged consisting of 227 independent living units, 28 assistance in living units, and a 45 bed on-site skilled nursing facility.

Program Service Accomplishments

Program 1
Expenses: $16,565,754 Revenue: $20,158,065

SITUATED ON A SERENE 38-ACRE PONDSIDE CAMPUS IN CANTON, MASSACHUSETTS, ORCHARD COVE, INC. IS A WARM, INCLUSIVE, AND AWARD-WINNING SENIOR LIVING COMMUNITY. HOME TO A DYNAMIC, RESIDENT-DRIVEN CULTURE...

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SITUATED ON A SERENE 38-ACRE PONDSIDE CAMPUS IN CANTON, MASSACHUSETTS, ORCHARD COVE, INC. IS A WARM, INCLUSIVE, AND AWARD-WINNING SENIOR LIVING COMMUNITY. HOME TO A DYNAMIC, RESIDENT-DRIVEN CULTURE, SENIORS ENJOY ACTIVE LIFESTYLES AND THE PEACE OF MIND THAT COMES WITH OUR ALL-INCLUSIVE PRICING MODEL AND LIVING OPTIONS THAT SPAN THE FULL CONTINUUM OF CARE. LIVING AT ORCHARD COVE ALLOWS RESIDENTS FREEDOM FROM HOME OWNERSHIP WITH THE CONVENIENCE OF SERVICES AND AMENITIES AND THE FLEXIBILITY TO ENJOY OUR MANY ACTIVITIES. PERHAPS THE BIGGEST BENEFIT IS THE PEACE OF MIND THAT COMES WITH A FULL CONTINUUM OF SENIOR HEALTH CARE SERVICES RIGHT ON CAMPUS.ORCHARD COVE, INC. OFFERS THE BEST CARE IN THE BEST PLACE SO THAT SENIORS CAN LIVE THE BEST LIFE POSSIBLE. ORCHARD COVE HAS 227 INDEPENDENT LIVING UNITS AND 28 ASSISTANCE IN LIVING UNITS WITH THE INTENT TO PROVIDE CONDITIONS THAT FOSTER INDEPENDENCE, HEALTH AND SECURITY FOR PERSONS AGED 62 AND OLDER.

Program 2
Expenses: $5,352,852 Revenue: $6,513,627

ORCHARD COVE HAS A 45 BED SKILLED NURSING UNIT WITH THE INTENT TO PROVIDE CONDITIONS THAT FOSTER INDEPENDENCE, HEALTH AND SECURITY FOR PERSONS REQUIRING A SKILLED NURSING SETTING.

Program 3
Expenses: $258,189 Revenue: $314,177

OTHER PROGRAM SERVICES ARE THOSE REVENUES AND EXPENSES ASSOCIATED WITH PROGRAM SERVICES BUT NOT DIRECTLY RELATED TO ONE OF THE TWO MAJOR CATEGORIES OF INDEPENDENT ASSISTANCE IN LIVING OR HEALTHCARE...

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OTHER PROGRAM SERVICES ARE THOSE REVENUES AND EXPENSES ASSOCIATED WITH PROGRAM SERVICES BUT NOT DIRECTLY RELATED TO ONE OF THE TWO MAJOR CATEGORIES OF INDEPENDENT ASSISTANCE IN LIVING OR HEALTHCARE CENTER. THIS MAY INCLUDE SERVICES AND/OR COSTS RELATED TO THE ON-SITE WELLNESS CENTER OR THOSE SO CLOSELY INTERMINGLED THEY CANNOT BE ACCURATELY ALLOCATED.

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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 $96,593
Program Service Revenue $26,671,692
Investment Income $723,869
Other Revenue $404,502
TOTAL REVENUE $27,896,656

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,548,310
Fundraising Expenses $0
Program Expenses $22,176,795
Other Expenses $12,159,796
TOTAL EXPENSES $25,708,106

Year-over-Year Comparison

2023 2022 Change
Revenue $27,896,656 $25,002,883 +0.1%
Expenses $25,708,106 $25,939,219 0.0%
Net Income $2,188,550 $-936,336 -3.3%
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
4
Independent Members
2
Employees
277
Volunteers
5

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
$2,569,781
Total Directors
6
$2,569,781
Key Employees
11
$4,592,773
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D HART SECRETARY & CHIEF FIN. OFFICER 2.0
Officer Director
$0 $82,599 $580,366
LOUIS J WOOLF PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO CURRENT) 2.0
Officer Director
$0 $84,903 $1,111,402
MARSHA COHEN TREASURER 0.1
Officer Director
$0 $0 $0
MELISSA BAYER TEARNEY BOARD CHAIR (THRU 9/30/23) 0.1
Officer Director
$0 $0 $0
RICHARD J HENKEN CHAIR ELECT (EFFECTIVE 10/1/23) 0.1
Officer Director
$0 $0 $0
STEVEN LANDERS PRESIDENT AND CEO (7/2023 - 5/2024) 2.0
Officer Director
$0 $39,841 $878,013
ALINE RUSSOTTO EXECUTIVE DIRECTOR - ORCHARD COVE 45.0
Key Emp
$252,258 $51,893 $304,151
ERIC ROGERS CHIEF INFORMATION OFFICER 2.0
Key Emp
$0 $87,189 $438,323
KATELYN QUYNN CHIEF DEV OFF & VP BOARD REL 2.0
Key Emp
$0 $59,137 $439,718
KATHYRN W TASKER CHIEF SPONSORED AWARDS OFFICER 1.0
Key Emp
$0 $84,279 $362,109
KIMBERLY J BROOKS CHIEF OP. OFFICER, SEN LIVING 5.0
Key Emp
$0 $71,184 $446,384
LEWIS LIPSITZ MD DIR, HMIFAR & CHIEF ACAD. OFF 1.0
Key Emp
$0 $93,718 $509,310
LINDA THOMPSON CHIEF PEOPLE OFFICER 2.0
Key Emp
$0 $77,367 $432,449
MANDEL I ERNEST MD CHIEF MEDICAL OFFICER 2.0
Key Emp
$0 $63,347 $437,179
RACHEL LERNER ESQUIRE GEN. CNSL. & CHIEF COMP. OFF 2.0
Key Emp
$0 $74,001 $465,082
SARAH L SYKORA CHIEF COMM. & PLAN OFFICER 2.0
Key Emp
$0 $71,659 $381,463
TAMMY B RETALIC MS RN CHIEF NURSING OFF. & VP PCS 1.0
Key Emp
$0 $80,270 $376,605
CAROLE JOHNSON VP, FINANCE, SENIOR LIVING 45.0
Highest
$132,076 $69,390 $201,466
DIANE CHISHOLM DIRECTOR OF NURSING 45.0
Highest
$129,777 $54,845 $184,622
JOHN RALSTON DIRECTOR, CULINARY 45.0
Highest
$142,351 $46,346 $188,697
REBECCA DONATO EXECUTIVE DIRECTOR, VITALIZE 360 45.0
Highest
$178,228 $51,557 $229,785
ROB FARIA DIRECTOR OF FINANCE 45.0
Highest
$105,921 $57,061 $162,982
MARY MOSCATO FACHE PRESIDENT, HSL HC SVCS. & HRC 1.0
$0 $47,510 $765,256
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 $27,896,656 $25,708,106 $70,356,805 $2,188,550
2023 $25,002,883 $25,939,219 $60,108,744 $-936,336
2022 $25,560,319 $25,259,550 $59,327,885 $300,769
2021 $24,931,454 $24,577,567 $64,325,700 $353,887
2020 $23,522,290 $24,571,821 $40,577,858 $-1,049,531
2019 $23,409,505 $25,002,220 $47,278,226 $-1,592,715
2018 $23,011,928 $23,789,372 $50,345,138 $-777,444
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